State Bank Of India To Maintain Net Interest Margins Above 3%

India’s largest lender, State Bank of India (SBI), has announced that it will continue to maintain net interest margins (NIMs) above 3%, reinforcing its strong financial position. The statement follows the release of Q3 FY26 results, where SBI reported a robust 24.5% year-on-year surge in net profit to ₹21,028 crore.  

The bank’s net interest income grew steadily, while asset quality showed significant improvement with gross non-performing assets (GNPA) falling to 2.15% and net NPA at 0.39%. SBI’s capital adequacy ratio stood at 14.05%, reflecting strong fundamentals and resilience in a competitive banking environment.  

Executives highlighted that maintaining NIMs above 3% remains a key priority, supported by healthy loan growth, stable funding costs, and disciplined risk management. Analysts note that this commitment signals confidence in sustaining profitability despite evolving market conditions.  

Key highlights from the announcement include  

• SBI net profit rises 24.5% YoY to ₹21,028 crore in Q3 FY26  
• Net interest margins maintained at 3.36%, with assurance to stay above 3%  
• Gross NPA reduced to 2.15%, net NPA at 0.39%  
• Capital adequacy ratio strong at 14.05%  
• Focus on healthy loan growth and disciplined risk management  

Industry experts emphasize that SBI’s ability to sustain margins above 3% strengthens its position as a market leader, ensuring stability for investors and customers alike. The bank’s performance underscores resilience in India’s financial sector amid global uncertainties.  

Sources: Economic Times, NDTV Profit, Business Standard