State Bank of India (SBI) on Tuesday reported a robust performance for the quarter ended September, surpassing street expectations on key parameters including net profit and net interest income (NII).
India’s largest lender reported a 3% year-on-year rise in NII to ₹42,985 crore, higher than the ₹40,766 crore forecast in the CNBC-TV18 poll. Strong interest income and steady loan demand supported the performance.
Quarterly net profit grew 10% YoY to ₹20,160 crore, comfortably beating analyst expectations of ₹17,048 crore. Stable operating trends and healthy fee income aided profitability.
Asset quality continued to improve. Gross NPA declined to 1.73% from 1.83% in the previous quarter, while Net NPA eased to 0.42% from 0.47%. The lender maintained its strong balance sheet posture, reflecting sustained credit discipline and provision coverage.
SBI shares were volatile post-earnings and were trading little changed at ₹949.60 as of the latest update.
