State Bank of India (SBI) announced its financial results for Q3 of FY 2025-26, showcasing robust performance. Net profit stood at ₹21,028.15 crore. The bank divested its stake in Jio Payments Bank and Yes Bank Limited, recognizing profits of ₹25.46 crore and ₹4,593.22 crore respectively. Asset quality remains solid, and capital adequacy ratios are maintained above regulatory requirements.
Q3 Financial Highlights
State Bank of India (SBI) reported a net profit of ₹21,028.15 crore for Q3 (October-December) of FY 2025-26. Key financial figures include:
- Total Income: ₹1,40,914.55 crore
- Operating Profit: ₹32,862.39 crore
Key Business Updates
SBI executed strategic divestments and reported on key business activities:
- Divestment of Jio Payments Bank: Entire stake divested on June 18, 2025, resulting in a profit of ₹25.46 crore.
- Divestment of Yes Bank Stake: A 13.18% stake was divested on September 17, 2025, yielding a profit of ₹4,593.22 crore.
Asset Quality and Capital Adequacy
SBI maintained a strong position in terms of asset quality and capital ratios:
- Gross NPA: 0.58%
- Net Worth: ₹4,73,674.72 crore
- CET 1 ratio: 10.99%
Segment-wise Performance
The bank provided a breakdown of revenue across various segments:
- Treasury operations: ₹33,063.88 crore
- Corporate/Wholesale Banking operations: ₹36,241.71 crore
- Retail Banking operations: ₹67,551.00 crore
Subsidiary Updates
SBI’s subsidiaries have experienced changes in equity stakes due to share issuances:
- SBI Cards and Payment Services Limited: SBI’s stake reduced to 68.58%.
- SBI Life Insurance Company Limited: SBI’s stake reduced to 55.34%.
Amalgamation of Regional Rural Banks (RRBs)
Five RRBs previously sponsored by SBI have been amalgamated. SBI’s sponsorship has been transferred to other banks.
Source: BSE
