Challa Sreenivasulu Setty
Chairman, State Bank of India
Notable Quotes
Our performance in the third quarter of FY 2026 reflects continuity, consistency and the enduring strength of our franchise.
We have not compromised on the margins. We have ensured that the NIM guidance, what we have given is maintained despite 13% credit growth coming from the corporate side.
Our objective is to keep the cost to income ratio below 50. I think that guidance we had earlier given, we are sticking to that guidance.
We combine skill with agility, innovation with prudence, and growth with inclusivity.
Our ambition is not merely to grow, but to grow profitably and sustainably.
The NIM trajectory will be U-shaped. It probably will come down in Q2... it will definitely improve from Q3 to Q4.
Our idea is our focus is always to strengthen our balance sheet and also create a consistency in our performance. It's not about one quarter, we try to ensure, but our preference is that if any costs are visualized, let us take them upfront.
We strongly believe that if SBI has a growth rate of 10-11% on the balance sheet basis, which means that SBI gets doubled every six to seven years.
Our focus would be mainly on how do we increase the income, while the cost rigidity, particularly on the employee side, will remain.
Our guidance in terms of the credit growth of 14% to 16%, and it's good. We will explain to you where and how we are confident about it.
Our guidance is that the NIM would be higher than 3%, and the ROE, ROA will be 1%, and more than 15% is the guidance we are sticking to it.