SBI achieves record quarterly profit, asset quality improves, advances surge 15%

• State Bank of India (SBI) reported a standalone net profit of ₹21,028 crore in Q3FY26, a 24.49% YoY increase.
• Operating profit rose 39.54% YoY to ₹32,862 crore, driven by higher interest income and robust loan growth.
• Net interest income (NII) increased 9.04% YoY to ₹45,190 crore.
• Whole bank advances grew 15.14% YoY to ₹46.83 lakh crore, with domestic advances expanding 15.44%.
• Asset quality improved significantly, with gross NPA ratio declining 50 bps to 1.57% and net NPA ratio falling 14 bps to 0.39%.