SBI reports all-time high standalone profit of Rs 21,028 cr in Q3

Core Insights - State Bank of India reported an all-time high profit of Rs 21,028 crore for the December quarter FY26 on a standalone basis, with a consolidated profit increase of 13.06% to Rs 21,317 crore [3][4] Financial Performance - The bank's core net interest income on a standalone basis grew by 9.04% to Rs 45,190 crore from Rs 41,446 crore in the previous year, driven by a 15.14% increase in loan growth and a slight compression in the domestic net interest margin to 3.12% [4][5] - Non-interest income rose by 15.65% to Rs 8,404 crore during the quarter, contributing to overall profit growth [5][6] - Overall expenses increased to Rs 1,08,052 crore compared to Rs 1,04,917 crore in Q3 2024-25 [5][6] - The bank experienced a deposit growth of 9.02% during the October-December period [5] Asset Quality - Fresh slippages amounted to Rs 4,458 crore, up from Rs 3,823 crore in the same period last year [7] - The gross non-performing assets (NPA) ratio improved to 1.57% as of December 31, 2025, down from 1.73% in September [7] - Overall provisions were reported at Rs 4,507 crore, compared to Rs 911 crore in the previous year [7] - The overall capital adequacy ratio stood at 14.04% as of December 31, 2025, with a core buffer of 10.99% [7] Strategic Insights - The profit growth in Q3 was supported by a special dividend of Rs 2,200 crore from SBI Mutual Fund, alongside increases in fee income and recoveries from written-off accounts [8]