Net interest income rose by 6.4% to Rs 30,687 crore in Q3 FY22 from Rs 28,820 crore posted in Q3 FY21. Net interest margin slightly improved to 3.4% in Q3 FY22 from 3.34% posted in the corresponding quarter last year.

Provision and contingencies contracted by 32.6% to Rs 6,973 crore in Q3 FY22 over Q3 FY21. Provision Coverage Ratio (PCR) at the end of Q3 FY22 stood at 88.32%.

On the asset quality front, gross non-performing assets aggregated to Rs 1,20,029 crore as at 31 December 2021 as against Rs 1,23,942 crore as at 30 September 2021 and Rs 1,17,244 crore as at 31 December 2020. The gross NPA ratio was 4.5% as at 31 December 2021 as against 4.9% as at 30 September 2021 and 4.77% as at 31 December 2020. The net NPA ratio was 1.34% as at 31 December 2021 as against 1.52% as at 30 September 2021 and 1.23% as at 31 December 2020.

The bank reported fresh slippages of Rs 2,334 crore in Q3 FY22, steeply higher than Rs 237 crore posted during Q3 FY21. The bank's slippage ratio was 0.37% as of December 2021 as compared to 0.04% in the same period last year.

Gross advances grew by 8.47% to Rs 26,64,602 crore in Q3 FY22 over Q3 FY21. Deposits rose by 8.83% to Rs 38,47,794 crore in Q3 FY22 as compared to Q3 FY21. aMeanwhile, the bank's CASA ratio came at 45.74% in 31 December 2021 as against 45.15% as of 31 December 2020.

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. As of 31 December 2021, the Government of India held 57.62% stake in the bank.

Shares of SBI were trading 0.02% lower at RS 530.1 on BSE in early trade.