SBI beats forecasts on profit and core income, asset quality holds steady
India's largest lender SBI reported September-quarter profit of 23,037 crore rupees and net interest income up 14.7%, both above analyst polls, per TradingView.
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what happened
State Bank of India, the country's largest lender, reported results for the September quarter, according to TradingView. The figures came in above analyst expectations on nearly every measure. Net interest income rose 14.7% year on year to 49,143 crore rupees, against a CNBC-TV18 poll estimate of 47,901 crore. Net profit reached 23,037 crore rupees, compared with 22,859 crore in the poll, a 14.3% annual gain.
Asset quality stayed stable. The gross NPA ratio fell to 1.39% from 1.47% in June, while the net NPA ratio improved to 0.36% from 0.38%. In absolute terms, gross NPAs stood at 72,529 crore rupees and net NPAs at 18,546 crore. Provisions dropped to 4,216 crore rupees from 5,046 crore in the previous quarter.
After the announcement, SBI shares rose 0.6%, though they eased back from the day's high of 993.8 rupees. The stock is roughly flat year to date. This is breaking news and details will be updated.
why it matters
For India's banking sector, core income growth and the trend in bad loans matter most. Results ahead of forecasts and falling NPAs usually support interest in bank stocks, but the pullback from the day's high suggests some of the good news is already priced in.
market impact
SBI shares and Indian banks: results above forecasts support the sector.
- SBI shares pressure up — profit and net interest income beat market forecasts
tags
instruments
sources
- SBI Q2 Results: Core income grows nearly 15%, asset quality stable; Stock cools from highs — TradingView, 3 November 2026 at 08:24 UTC
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