Net interest income (NII) increased 9.04% YoY to ₹45,190 crore, compared with ₹41,446 crore a year ago. Domestic net interest margin (NIM) stood at 3.12% in Q3FY26, while whole bank NIM came in at 2.99%.
Business and balance sheetSBI said its overall business crossed ₹103 lakh crore during the quarter. Total deposits surpassed ₹57 lakh crore, while advances crossed ₹46 lakh crore.
Whole bank advances grew 15.14% YoY to ₹46.83 lakh crore. Domestic advances expanded 15.44%, with retail advances rising 16.51%. Within retail, personal loans grew 14.95%, while home loans increased 14.65%.
SME advances rose 21.02% YoY and agricultural loans grew 16.56%. Corporate advances increased 13.37%.
Total deposits climbed 9.02% YoY to ₹57.01 trillion. CASA deposits grew 8.88%, taking the CASA ratio to 39.13% as of December 31, 2025.Asset quality
The gross NPA ratio declined 50 bps YoY to 1.57%, while the net NPA ratio fell 14 bps to 0.39%.
Provision coverage ratio (including AUCA) rose to 92.37% from 91.74% a year ago. Credit cost for the quarter stood at 0.29%.
The slippage ratio came in at 0.40% for Q3FY26.
Capital and digital channels
SBI’s capital adequacy ratio stood at 14.04% at the end of December, up from 13.03% a year earlier.
The bank said more than 68% of savings accounts in the quarter were opened digitally through YONO. The share of alternate channels in total transactions increased to about 98.6% in first nine months of FY26 from 98.1% a year earlier.
After the results, SBI’s management said it now expects credit growth of 13–15% for FY26, up from its earlier projection of 12–14%, citing healthy demand across retail, SME and corporate segments.
