State Bank of India Announces End of DMD Nitin Chugh's Tenure Amid Q3 Profit Rise

State Bank of India announced that Nitin Chugh's tenure as Deputy Managing Director and Head of Digital Banking Transformation will end on March 3, 2026, with his relief effective on March 2 due to a public holiday. Following this, SBI shares declined 2.0 to Rs 1,165.45. The bank reported a 24.49% rise in net profit to Rs 21,028 crore and a 9.69% increase in total income to Rs 140,915 crore for Q3 FY26 compared to the previous year.