SBI Hits Record Net Profit of Rs 21,028 Cr in Q3, Boosted by MF Arm Dividend

• State Bank of India (SBI) reported its highest-ever standalone net profit of Rs 21,028 crore in the December quarter, a 24% jump.
• The record profit was significantly aided by a Rs 2,200 crore special dividend from its IPO-bound asset management arm, SBI Mutual Fund.
• Core net interest income rose 9.04% to Rs 45,190 crore, driven by 15.14% loan growth, despite a slight compression in net interest margin.
• SBI revised its loan growth target for FY26 upwards to 13-15%, citing a rebound in corporate loans and strong retail segment performance.
• The bank's gross non-performing assets ratio improved to a two-decade best of 1.57% as of December 31, 2025.