• Financial performance: Net profit for the quarter grew 10.23% year-on-year to Rs 21,121 crore, while operating profit rose 9.77% to Rs 33,529 crore. Return on assets reached 1.11%, and return on equity stood at 17.87%, remaining above long-term guidance for 16 consecutive quarters.
• Technology initiatives: The MSME Dream engine was expanded to cover loans up to Rs 10 crore, and digital document execution was widened across agricultural loan products. SBI is also utilizing its Project Prism platform to proactively track borrower stress and preserve asset quality.
• Net interest margins: Domestic net interest margin improved sequentially, reinforcing management's confidence in meeting its 3% guidance for the financial year. Well-contained operating expenses also drove further improvement in the bank's cost-to-income ratio.
• Balance sheet scale: Total business crossed Rs 110 trillion, with deposits exceeding Rs 60 trillion and advances surpassing Rs 50 trillion. The overall balance sheet crossed Rs 76.6 trillion, driven by a 9.73% year-on-year growth in total deposits across retail term and savings accounts.