State Bank of India — Investor Meet, 07-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

State Bank of India (SBI) reported a strong Q3FY26. Net Profit jumped 24.49% YoY to ₹21,028 Cr. Operating Profit rose 39.54% YoY to ₹32,862 Cr. The bank saw robust business growth, with total business over ₹103 lakh crore. Advances grew 15.14% YoY to ₹46.8 lakh crore, with deposits reaching ₹57.0 lakh crore. Asset quality improved significantly, with Gross NPA at a two-decadal low of 1.57% and Net NPA at 0.39%. PCR stood at 75.54%, with substantial additional provisions. Digital adoption continues to soar, with 98.6% transactions via alternate channels and 9.65 crore YONO users. Management is confident on sustained performance and digital transformation.