Indian benchmark indices traded in the green on Monday, with the Sensex gaining 400 points and the Nifty-50 climbing 0.50 per cent. A primary driver was the State Bank of India (SBI), which saw its shares surge 6.61 per cent to a record high of Rs 1,136.85. This rally, backed by a 2x volume spurt on the BSE, propelled the bank’s market capitalisation past the Rs 10 lakh crore milestone.
State Bank of India (SBI) continues to solidify its stature as a Fortune 500 powerhouse, with its total business surpassing the Rs 103 trillion milestone. This expansion is underpinned by a robust balance sheet where deposits and advances have reached Rs 57 trillion and Rs 46 trillion, respectively. The bank's credit growth remains broad-based, highlighted by a 15.14 per cent year-on-year (YoY) increase in whole bank advances. Notably, the SME portfolio has crossed the Rs 6 trillion mark, growing by 21.02 per cent YoY, while retail and agricultural segments also posted double-digit gains. On the liabilities side, whole bank deposits grew by 9.02 per cent, supported by a healthy CASA ratio of 39.13 per cent and a 14.54 per cent surge in retail term deposits.
The bank's profitability reached historic heights in Q3FY26, reporting its highest-ever quarterly net profit of Rs 21,028 crores, a 24.49 per cent YoY increase. This performance was driven by a substantial 39.54 per cent jump in operating profit, which climbed to Rs 32,862 crores. Efficiency remains a core strength, as evidenced by a Return on Assets (ROA) of 1.16 per cent and a Return on Equity (ROE) of 20.68 per cent for the first nine months of the fiscal year. Net Interest Income (NII) grew by 9.04 per cent, with domestic Net Interest Margins (NIM) remaining resilient at 3.12 per cent for the quarter, reflecting disciplined pricing and a strong capital position with a Capital Adequacy Ratio of 14.04 per cent.
Asset quality showed significant improvement, with the Gross NPA ratio narrowing by 50 basis points YoY to 1.57 per cent and the Net NPA ratio dropping to 0.39 per cent. This stability is bolstered by a comprehensive Provision Coverage Ratio (including AUCA) of 92.37 per cent and a disciplined slippage ratio of just 0.40 per cent for the quarter. Simultaneously, SBI is successfully transitioning into a digital-first institution; over 68 per cent of new savings accounts were opened via the YONO platform in Q3FY26. Currently, alternate channels handle approximately 98.6 per cent of all transactions, demonstrating the bank's ability to scale its operations through technology while maintaining high credit standards.
About the Company
State Bank of India (SBI) is a Fortune 500 multinational and the largest public sector bank in India, tracing its heritage back to the Bank of Calcutta in 1806 and later the Imperial Bank of India before its nationalisation in 1955. Headquartered in Mumbai, it commands a significant 23–25 per cent market share in domestic loans and deposits, serving over 50 crore customers through a vast network of 22,500+ branches and a growing global presence in 29 countries. As of early 2026, SBI continues to lead India's digital banking transformation with its YONO app while maintaining robust financial health.
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SBI Q3 Results: Highest ever quarterly Net Profit at Rs 21,028 Crore; Up 24.49% YoY, Taking Stock to All-Time High