SBI shares in focus after strong Q3FY26 results; Nuvama raises target to Rs 1,250
The Economic Times·2026-02-09 02:24
SBI posted a 24% year-on-year (YoY) jump in standalone net profit at Rs 21,028 crore for Q3FY26, marking the highest-ever quarterly profit for the bank. The strong earnings were supported by sustained loan growth and stable margins.Net interest income (NII), a key indicator of core lending performance, rose 9% YoY to Rs 45,190 crore, while operating profit (before provisions and contingencies) surged 40% YoY to Rs 32,862 crore, reflecting improved operating leverage.The bank’s Asset quality continued to sh ...