Wednesday, March 18
India's largest public sector lender State Bank of India (SBI) on Saturday reported 24% year-on-year (YoY) growth in its standalone net profit at Rs 21,028 crore in the third quarter. Net interest income for the same period increased 9% YoY to Rs 45,190 crore.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 point
