SBI Q3 PAT up 24% on strong loan growth, stable asset quality

Country’s largest lender State Bank of India (SBI) on Saturday reported 24 per cent year-on-year (y-o-y) rise in Q3FY26 net profit at ₹21,028 crore, led by strong loan growth and stable asset quality. SBI’s net interest income (NII) grew 9 per cent on year to ₹45,190 crore, while net interest margin stood at 2.99 per cent, up 2 basis points (bps) on quarter, and is expected to rise above 3 per cent in next quarter, said Chairman CS Setty. The bank received a special dividend of ₹2,200 crore from its subsidi ...