Sbin

SBI reported a record net profit of INR 80,032 croreCurrent reported value: INR 80,032 crore. No comparable prior figure is available in the source record. for FY26, up 12.88% YoYCurrent 12.9% vs previous available quarter 24.5%., driven by strong operating profitability and improved asset quality. Domestic NIM exited at 3.03%Current reported value: 3.03%. No comparable prior figure is available in the source record., within the guided >3% range, despite a 25bps repo rate cut and a shift in corporate loan mix toward T-bill-linked pricing. Asset quality improved with gross NPA at 1.49%Current 1.49%. Reported change: -33bps YoY. (down 33bps YoY). Management guided for FY27 domestic NIM above 3%, credit growth of 13%-15%, and credit cost of 50bps. Key growth drivers include RAM segments, gold loans (doubled to over INR 1 lakh crore), and emerging sectors like data centers and renewables. Risks include potential stress from the West Asia conflict on MSME clusters and the transition to ECL-based provisioning from April 2027, though management expects a smooth transition.