Country’s largest lender State Bank of India (SBI) on Saturday reported 24 per cent year-on-year (y-o-y) rise in net profit for the quarter ended December at ₹21,028 crore, led by stable growth in core income.
The lender’s net interest income (NII) grew 9 per cent on year to ₹45,190 crore, while net interest margin stood at 2.99 per cent, up 2 basis points (bps) on quarter but lower 2 bps on year. Other income stood at ₹18,359 crore, down 8 per cent on-year, largely because the bank received one-time gain of ₹4,593 crore from it’s partial stake sale in YES Bank in Q2FY25.
Gross advances grew 15 per cent y-o-y to ₹46.83 lakh crore in Q3, while deposits rose 9 per cent y-o-y to ₹57.01 lakh crore.
(This is a developing story, please check back for updates)
Published on February 7, 2026
