SBI share price today is on fire. On Monday, February 9, 2026, State Bank of India shares jumped as much as 6.7% to touch a fresh record high of ₹1,139.70. This big move pushed SBI past ICICI Bank to become India’s second most valuable bank by market cap.
The main reason behind SBI share price today rally? Super-strong Q3 FY26 results announced over the weekend. They beat almost everyone’s expectations and showed the bank is in top form.
Key Highlights from Q3 That Lifted SBI Share Price Today
- Record quarterly profit: ₹21,028 crore standalone net profit – up 24.5% from last year. Highest ever!
- Cleaner books: Gross NPA fell to 1.57% (best in 20 years), Net NPA down to 0.39%.
- Extra boost: ₹2,200 crore one-time dividend from SBI Mutual Fund (which is gearing up for its own IPO).
- Better outlook: Management raised credit growth target for FY26 to 13-15% from 12-14%. Strong pipeline in corporate, retail, and SME loans.
- Broker love: Jefferies and Motilal Oswal hiked targets to ₹1,300, sparking big buying from institutions.
SBI Q3 FY26 Financial Report
| Metric | Q3 FY26 Value | YoY Change |
|---|---|---|
| Net Profit | ₹21,028 Crore | +24.5% |
| Net Interest Income | ₹45,190 Crore | +9% |
| Operating Profit | ₹32,862 Crore | +40% |
| Gross NPA | 1.57% | Down from 2.07% |
| Net NPA | 0.39% | Down from 0.53% |
Also Read: Fractal Analytics IPO Opens Today: Key Details, Price Band & Subscription Status
Why Investors Are Excited About SBI Share Price Today
Unlike some private banks facing margin pressure, SBI kept domestic NIM stable at 3.12%. Its digital arm YONO is killing it – over 68% of new savings accounts open online now. Loan growth looks solid too: SME up 21%, retail up 16%.
This all-round strong show – clean assets, record profits, higher guidance, and digital edge – makes SBI share price today feel like it has more room to run. If you hold or watch banking stocks, today’s action is hard to ignore. Keep an eye on how the momentum holds up!
Disclaimer: This content is for informational purposes only and should not be considered professional [financial/legal/medical] advice. Always seek the advice of a qualified professional before making any decisions based on this information.
Sources & References
- https://www.business-standard.com/markets/news/stocks-news-sbi-share-price-record-high-q3-results-brokerages-raise-target-126020900270_1.html#:~:text=Overall%2C%2042%20of%20the%2049,share%20in%20the%20intraday%20trade.
- https://www.fortuneindia.com/markets/sbi-shares-jump-over-6-on-robust-q3-overtakes-icici-bank-as-indias-2nd-most-valued-bank/130224
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
