Net interest income rose 14.69% year on year to Rs 49,143 crore from Rs 42,847 crore. Sequentially, it increased 4.58% from Rs 46,992 crore.

Interest income increased 10.46% year on year to Rs 1,32,019 crore from Rs 1,19,517 crore. Interest expenses rose 8.09% to Rs 82,876 crore from Rs 76,670 crore.

Operating income increased 8.44% year on year to Rs 68,209 crore from Rs 62,903 crore. Sequentially, it rose 8.41% from Rs 62,915 crore.

Operating profit increased 7.28% year on year to Rs 34,226 crore from Rs 31,904 crore. Sequentially, it rose 2.08% from Rs 33,529 crore. Total provisions declined 4.74% year on year to Rs 11,188 crore from Rs 11,744 crore.

Net interest margin for the whole bank stood at 2.94%, down 2 basis points from 2.96% a year earlier. Domestic NIM improved 3 basis points to 3.11% from 3.08%. The cost-to-income ratio increased to 49.82% from 49.28%.

Gross advances increased 17.84% year on year to Rs 52,08,344 crore as of September 2026. Deposits rose 12.27% to Rs 62,77,919 crore. The CASA ratio stood at 38.32%, compared with 39.63% a year earlier.

Gross non-performing assets (GNPA) declined to 1.39% from 1.73% a year earlier, while net non-performing assets (NNPA) fell to 0.36% from 0.42%. Provision Coverage Ratio (PCR) stood at 74.43% while PCR (incl. AUCA) stood at 91.83%. The slippage ratio improved to 0.41% from 0.45%, and the credit cost ratio declined to 0.22% from 0.39%.

The capital adequacy ratio (CRAR) stood at 16.09%, up from 14.62% a year earlier. The CET-1 ratio improved to 13.34% from 11.47%.

State Bank of India is India’s largest public sector lender with operations across retail banking, corporate banking, treasury, international banking and financial services.

Shares of SBI were down 1.64% at Rs 970.80 on the NSE.