SBI net up 10% on Yes Bank stake sale

Total business hits 100 trn; FY26 loan growth outlook raised to 12-14% on RBI reforms, tax cut

- ABHIJIT LELE

‘The country’s largest lender, State Bank of India (SBI), on Tuesday reported a 9.97 per centyear-on-year (Y-0-Y) rise in its net profit to %20,160 crore for the July-September quarter of 2025-26, helped by its stake sale in Yes Bank for 23,869 crore of post-tax gains.

Sequentially, profit grew 5.22 per cent from 219,160 crore in QiFY26.

SBI also crossed the milestone of %100 trillion in total business during the quarter, with deposits of 55.9 trillion anda loan book of ¢44.2trillion. Ranked 43, SBlis the only Indian bank among the top 50 banks globally in the S&P ranking.

Net interest income (NII) — the difference between interest earned and interest expended — rose 3.28 per cent Yo-Y to %42,984 crore. Sequentially, NII was up 4.65 per cent from %41,072 crore in QiFY26. The net interest margin (NIM) from domestic operations fell by 18 basis points (bps) to 3.09 per cent from 3.27 per cent a year ago. However, NIMs improved by7 bps from 3.02 percent in QiFY26.