Overview
- Consolidated net profit rose 6.84% to Rs 21,137 crore, including a Rs 4,593 crore one-time gain from a partial Yes Bank stake sale.
- Standalone net profit reached Rs 20,160 crore as total business crossed Rs 100 lakh crore during the quarter.
- Core metrics stayed under pressure with NII up 3.28% to Rs 42,984 crore and NIM at 2.97% overall, or 3.09% for domestic operations.
- SBI raised its FY26 credit growth guidance to 12–14%, pointing to GST rate cuts, recent RBI relaxations, and a corporate loan pipeline of about Rs 7 lakh crore.
- Asset quality improved with GNPA at 1.73% and fresh slippages at Rs 4,754 crore, and the bank has not decided on selling its remaining stake of over 10% in Yes Bank.