State Bank of India (SBI) announced strong results for Q3FY26, with net profit reaching ₹21,028 crores, a 24.49% year-on-year (YoY) increase. Operating profit rose by 39.54% YoY to ₹32,862 crores. The bank’s ROA and ROE for the first nine months of the financial year stand at 1.16% and 20.68%, respectively. Business crossed ₹103 Trillion, highlighting robust growth.
Key Financial Highlights
SBI’s net profit for Q3FY26 reached ₹21,028 crores, marking a substantial 24.49% YoY increase. Operating profit also showed strong growth, rising by 39.54% YoY to ₹32,862 crores.
Balance Sheet Performance
The bank’s total business crossed ₹103 Trillion. Deposits and Advances reached ₹57 Trillion and ₹46 Trillion, respectively, while the SME Portfolio exceeded ₹6 Trillion.
Asset Quality
The Gross NPA ratio improved to 1.57%, a reduction of 50 bps YoY. The Net NPA ratio also improved to 0.39%, a decrease of 14 bps YoY. The Provision Coverage Ratio (PCR) increased by 88 bps YoY, standing at 75.54%, and the PCR (including AUCA) reached 92.37%. Slippage Ratio for 9MFY26 stands at 0.54%, and for Q3FY26, it is at 0.40%.
Growth in Advances
Whole Bank Advances grew by 15.14% YoY, with Domestic Advances growing by 15.44% YoY. Retail Advances increased by 16.51% YoY, with strong growth across all segments. SME Advances grew by 21.02% YoY, followed by Agri Advances at 16.56% YoY and Retail Personal Advances at 14.95%. Corporate Advances registered a 13.37% YoY growth.
Deposit Growth
Whole Bank Deposits increased by 9.02% YoY. CASA Deposits grew by 8.88% YoY, bringing the CASA ratio to 39.13% as of December 31, 2025. Retail Term Deposits registered a 14.54% YoY growth.
Capital Adequacy
The Capital Adequacy Ratio (CAR) as of the end of Q3FY26 stands at 14.04%.
Alternate Channels
More than 68% of SB accounts were opened digitally through YONO in Q3FY26. The share of Alternate Channels in total transactions increased from approximately 98.1% in 9MFY25 to approximately 98.6% in 9MFY26.
Source: BSE
