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SBI Q3 results: India's largest bank by assets, State Bank of India (SBI), on Saturday, February 7, reported a 14.08% year-on-year (YoY) rise in its consolidated profit at ₹21,876.04 crore for the December quarter of the current financial year (Q3FY26). The public sector lender's profit was ₹19,175.35 crore in the corresponding quarter of the previous financial year.

The bank's total consolidated income rose 10.60% YoY to ₹1,85,648.33 crore in Q3FY26 from ₹1,67,853.57 crore in Q3FY25.

On a standalone basis, the company's profit jumped 24.5% YoY to ₹21,028.15 crore from ₹16,891.44 crore in the same quarter last year. It was SBI's highest-ever quarterly net profit.

Total income rose 9.7% YoY to ₹1,40,914.65 crore from ₹1,28,467.39 crore in the same quarter last year.

Net interest income (NII) 9% YoY to ₹45,190 crore, while operating profit for Q3FY26 rose by 39.54% YoY to ₹32,862 crore.

Whole bank net interest margin (NIM) for Q3FY26 stood at 2.99% and domestic NIM stood at 3.12%.

Deposits and advances crossed the ₹57 trillion and ₹46 trillion marks, respectively. Whole bank advances grew at 15.14% YoY, with domestic advances rising by 15.44% YoY.

(This is a developing story. Please check back for fresh updates.)

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