SBI raises FY26 credit growth guidance to 15% after Q3 profit surge
after close1 source ↓written by the desknot a recommendation
- growth guidance
- 13-15%
- 12-14%
- YoY jump
- 24.5%
- in Q3
- ₹21,028 cr
- also rose
- 9% YoY
State Bank of India raised its FY26 credit growth guidance to 13-15% from 12-14%, following a 24.5% YoY jump in net profit to ₹21,028 cr in Q3. This performance exceeded market expectations, driven by strong loan growth across various segments, including retail and MSME. The bank's net interest income also rose 9% YoY to ₹45,190 cr.
This upgrade in guidance indicates robust demand and may positively influence market sentiment for banking stocks. 💼
Not investment advice. For informational purposes only.