State Bank of India (SBI) announced its highest-ever quarterly net profit for the period ended September 30, 2026, beating analyst expectations.
Profitability rose on robust loan growth and improved net interest margins (NIMs). Loans grew 18% year over year.
Asset quality improved, with gross non-performing assets (NPAs) falling to a multi-year low.
SBI management expressed optimism about Indian credit demand for the rest of the fiscal year. The results led SBI shares to rally on the National Stock Exchange.