The company’s operating profit (before provisions and contingencies) grew 40% YoY to Rs 32,862 crore.
The profit reported during the quarter was highest-ever for the bank, which came on the back of healthy loan growth.
The lender’s net interest margin stood at 2.99% in Q3FY26, while domestic NIM came in at 3.12%. For the nine months ended December 2025, domestic NIM was 3.08%.
Asset quality continued to improve, with the gross NPA ratio declining to 1.57%, down 50 basis points YoY. Net NPA ratio improved to 0.39%, lower by 14 basis points.
Provision coverage ratio, including AUCA, stood at 92.37%, while PCR excluding AUCA was 75.54%. Slippage ratio for the quarter remained contained at 0.40%, and credit cost stood at 0.29%.
On the balance sheet front, SBI’s total business crossed Rs 103 lakh crore, with deposits exceeding Rs 57 lakh crore and advances crossing Rs 46 lakh crore. The bank’s advances grew 15% YoY, led by domestic advances growth of 15%. Retail advances rose 16%, with all sub-segments reporting double-digit growth. SME advances expanded sharply by 21%, while agricultural advances grew 16% and retail personal loans increased 15%. Corporate advances also recorded a healthy growth of 13%.
Deposits grew 9% YoY, with CASA deposits rising 9%. The CASA ratio stood at 39.13% as of December 2025, while retail term deposits grew 14%, reflecting sustained traction in liability mobilisation.
The bank’s capital position remained comfortable, with the capital adequacy ratio at 14.04% and CET-1 ratio at 10.99%. Digital adoption also remained strong, with over 68% of savings bank accounts opened through Yono in Q3 and alternate channels accounting for nearly 98.6% of total transactions during the nine-month period.
