Overview
- September‑quarter net profit rose 10% year on year to ₹20,160 crore, boosted by a ₹4,593 crore one‑off gain from the sale of the Yes Bank stake.
- Net interest income increased 3% to ₹42,985 crore, with sequential net interest margin expansion reported at 3–7 basis points, including a rise to 2.97% in one estimate.
- Asset quality improved as GNPA fell to 1.73% and NNPA to 0.42% quarter on quarter, while the gross slippage ratio declined to 0.48% and the SMA book contracted.
- The lender’s total business crossed ₹100 trillion, with advances at about ₹44.20 lakh crore and deposits at roughly ₹55.92 lakh crore as of September 2025.
- JM Financial raised its 12‑month target to ₹1,105 and Nirmal Bang set ₹1,195 with Buy ratings, as SBI guided FY26 credit growth to 12–14%.