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Informist, Saturday, Feb. 7, 2026

 

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--SBI Setty: Seeing robust demand for credit across segments
--CONTEXT: Comments from SBI mgmt in post-earnings press conference  
--SBI Setty: Expect NIM to stay above 3% going forward 
--SBI Setty: Revise credit growth guidance upward to 14-15% 
--SBI Setty: Q3 PAT supported by INR-22-bln dividend received from SBI MF 
--SBI Setty: Would like to keep cost to income ratio below 50% 
--SBI Setty: Have a corporate loan pipeline of INR 3.50 tln 
--SBI Setty: Aim for recoveries of INR 20 bln per quarter 
--SBI Setty: Targeting wealth AUM of INR 15 tln by 2030

 

MUMBAI – The State Bank of India has revised its credit growth guidance for 2025-26 (Apr-Mar) due to robust demand for credit across segments, Chairman Challa Sreenivasulu Setty said at a post-earnings press conference Saturday. "So, we believe that the trade deals and the budget announcements are going to be extremely positive for credit growth point of view," Setty told reporters.

 

For the December quarter, the country's largest public sector bank's credit grew 15.14% on year to INR 46.84 trillion. The bank's credit cost was 0.39% as on Dec. 31, slightly up from 0.37% in the year-ago quarter.   

 

The state-owned bank reported a profit after tax of INR 210.28 billion in the reporting quarter, up 4.3% sequentially and over 24% on year. Its total income for the quarter was INR 1.41 trillion, up from INR 1.28 trillion.

 

The bank's December quarter profit after tax was supported by INR-22-billion dividend from its mutual fund subsidiary, SBI Mutual Fund, the senior official said. Assets under management with SBI Mutual Fund as on Dec. 31 were at INR 12.49 trillion, up INR 492.55 billion from the same period previous year.  

 

Setty expects the net interest margin to remain at 3% going forward on the back of growing credit demand from companies. "I believe we are not in the competition of growing the book at any cost," Setty said. "We don't believe in that. I don't think we are competing in any way in terms of the under pricing."

 

The bank has a corporate loan pipeline of INR 3.50 trillion currently and the corporate credit growth was up 13.4% at INR 13.34 trillion for the December quarter. Setty said the bank would like to keep the cost to income ratio below 50%.

 

Commenting about recoveries, Setty said the bank continues to aim for INR 20 billion per quarter and INR 80 billion per year. For the December quarter, the bank's recoveries were INR 26.04 billion. The state bank aims to have a wealth portfolio of almost INR 50 trillion by 2030, the chairman said.  End

 

 

Reported by J. Navya Sruthi and Kabir Sharma

Edited by Deepshikha Bhardwaj

 

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