SBI profit jumps 13% to ₹21,317 crore in latest quarter:Total income hits ₹1.85 lakh crore in third quarter, with stock gains 45% in a year

State Bank of India (SBI), the country’s largest public sector bank, posted a consolidated profit of ₹21,317 crore in the third quarter of FY26. This marked a 13% increase compared with the same period last year, when the bank had reported a profit of ₹18,853 crore. During the October–December quarter of FY26, SBI’s total income rose to ₹1.85 lakh crore, up from ₹1.67 lakh crore in the corresponding quarter of the previous financial year. This reflects a year-on-year growth of 11%. The bank’s interest earnings for the quarter stood at ₹1.30 lakh crore, compared with ₹1.24 lakh crore in the year-ago period, registering a 5% increase.
Net NPA decreased by 16% to ₹18,012 crore
On the asset quality front, SBI reported an improvement in standalone net non-performing assets (Net NPA). Net NPAs fell by 16% to ₹18,012 crore in the third quarter of FY26, from ₹21,377 crore recorded during the October–December period of 2025.
What is Standalone and Consolidated? Company results come in two parts – Standalone and Consolidated. Standalone shows the financial performance of only one segment or unit. Whereas the Consolidated financial report provides the report of the entire company. Unrecovered amount becomes NPA NPA, or Non-Performing Asset, is a bank loan or credit whose payment the borrower (individual or institution) fails to make on time. In simple terms, if an individual or company does not repay the installment or interest of a loan taken from the bank for 90 days or more, that loan becomes an NPA. This causes loss to the bank, as the recovery of that money becomes difficult. For example, if you took a loan of 10 lakh from the bank and did not pay the EMI for more than 3 months, then that loan will be considered an NPA. SBI shares gave 45% return in one year On Friday, SBI shares closed down 0.70% at ₹1,066. In one month, it has risen 6%, and in one year, it has risen 45%. In the last 6 months, the bank’s share has risen more than 32%. SBI’s market cap is ₹9.84 lakh crore. SBI is the largest government bank in the country SBI is the largest government bank in the country. The government holds a 55.5% stake in SBI. It was established on July 1, 1955. The bank’s headquarters are in Mumbai. The bank has more than 22,500 branches and over 50 crore customers. The bank operates in 29 countries worldwide. It has 241 branches outside India.