The March 2026 quarter results of government-controlled State Bank of India (SBI) were keenly awaited by investors on Dalal Street in a bid to understand the impact of the ‘soft’ interest rate environment on the various parameters of the largest bank; loan and deposit growth, and net interest margin (NIM) amongst others. The RBI had last cut repo rates in early December 2025, in a bid to expand / grow lending in the broader banking system.