Profit reported during the quarter was the highest ever for the bank, thanks to healthy loan growth.The lender’s net interest margin stood at 2.99% in Q3FY26, while its domestic net interest margin stood at 3.12%. For the nine months ending December 2025, the domestic NIM was 3.08%.
Asset quality continued to improve, with the gross NPA ratio declining to 1.57%, down 50 basis points year-on-year. The net NPA ratio improved to 0.39%, down 14 basis points.
The provision coverage ratio, including AUCA, was 92.37%, while the PCR excluding AUCA was 75.54%. The slippage ratio for the quarter remained limited at 0.40%, and credit costs 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% year-on-year, led by 15% growth in domestic advances. Retail developments increased by 16%, with all sub-segments reporting double-digit growth. Advances to SMEs rose sharply by 21%, while agricultural advances rose by 16% and personal loans to private individuals by 15%. Business developments also recorded healthy growth of 13%.
Deposits increased 9% year-on-year, while CASA deposits increased 9%. The CASA ratio stood at 39.13% in December 2025, while retail term deposits grew by 14%, reflecting continued growth in liability mobilization.
The bank’s capital position remained comfortable, with a capital adequacy ratio of 14.04% and a CET-1 ratio of 10.99%. Digital adoption also remained strong, with more than 68% of savings bank accounts opened through Yono in the third quarter and alternative channels accounting for almost 98.6% of total transactions during the nine-month period.
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