SBI Anticipates Stable Q3 Performance with Robust Loan Growth, Muted Profit Gains

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SBI Q3: Steady Loan Growth, Muted Profit Amidst Rising Provisions

Brokerage firm Macquarie has upgraded State Bank of India (SBI) to 'Outperform' from 'Underperform'. The brokerage has raised its price target on SBI to ₹1,150, implying an upside of 15% from Friday's closing price.

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CNBC TV18•06-02-2026, 19:16

SBI Q3: Steady Loan Growth, Muted Profit Amidst Rising Provisions

•State Bank of India (SBI) to report Q3FY26 earnings on February 7, with steady operating performance expected.
•Loan book growth projected at 13% year-on-year, outpacing most peers, while deposit growth trails at 10%.
•Net Interest Income (NII) estimated to grow by 8%, with Net Interest Margins (NIMs) remaining stable.
•Pre-provision operating profit (PPOP) expected to rise by 18-19% year-on-year, supported by stable other income and controlled expenses.
•Profit growth anticipated to be subdued at 4% due to a sharp year-on-year rise in provisions from a low base effect.

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Brokerage firm Macquarie has upgraded State Bank of India (SBI) to 'Outperform' from 'Underperform'. The brokerage has raised its price target on SBI to ₹1,150, implying an upside of 15% from Friday's closing price.

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