State Bank Of India Q3FY26 RESULTS
Highlights :
Business
· Business crossed ₹103 Trillion.
· Deposits & Advances crossed ₹57 Trillion & ₹46 Trillion respectively.
· SME Portfolio crossed ₹6 Trillion.
Profitability
· Highest ever quarterly Net Profit at ₹21,028 crores, witnessing a growth of 24.49% YoY.
· Operating Profit for Q3FY26 up by 39.54% YoY to ₹32,862 crores.
· Bank’s ROA and ROE for the 9MFY26 stand at 1.16% and 20.68% respectively.
· Net Interest Income (NII) for Q3FY26 increased by 9.04% YoY.
· Whole Bank and Domestic NIM for the 9MFY26 stand at 2.95% and 3.08% respectively.
· Whole Bank NIM for Q3FY26 is at 2.99% and Domestic NIM is at 3.12%.
Balance Sheet
· Whole Bank Advances growthat 15.14% YoY with Domestic Advances growth at 15.44% YoY.
· Foreign Offices’ Advances grew by 13.41% YoY.
· Retail Advances grew by 16.51% YoY, with double digit growth in all segments. SME Advances grew by 21.02% YoY followed by Agri Advances growth of 16.56% YoY and Retail Personal Advances growth of 14.95%.
· Corporate Advances registered YoY growth of 13.37%.
· Whole Bank Deposits grew by 9.02% YoY. CASA Deposit grew by 8.88% YoY. CASA ratio stands at 39.13% as on 31st December 25. Retail Term Deposits registered YoY growth of 14.54%.
Asset Quality
· Gross NPA ratio at 1.57% improved by 50 bps YoY.
· Net NPA ratio at 0.39% improved by 14 bps YoY.
· Provision Coverage Ratio (PCR) increased by 88 pbs YoY and stands at 75.54% while PCR (incl. AUCA) increased by 63 bps and stands at 92.37%.
· Slippage Ratio for 9MFY26 improved by 5 bps YoY and stands at 0.54%. Slippage Ratio for Q3FY26 stands at 0.40%.
· Credit Cost for Q3FY26 stands at 0.29%.
Capital Adequacy
· Capital Adequacy Ratio (CAR) as at the end of Q3FY26 stands at 14.04%.
Alternate Channels
· More than 68% of SB accounts opened digitally through YONO in Q3FY26.
· Share of Alternate Channels in total transactions increased from ~98.1% in 9MFY25 to ~98.6% in 9MFY26.
