The profit beat the analysts’ estimates of Rs 18,898 crore.
The net interest income (NII), which is the difference between interest earned and interest expended, rose 4% YoY to Rs 44,380 crore in the March quarter.
Further, the lender’s central board has declared a dividend of Rs 17.35 per share for the financial year ended March 2026. The record date for the same is fixed as May 16.
The Bank’s operating profit, however, declined 11% YoY to Rs 27,704 crore in the January-March 2026 period. It was Rs 31,286 crore in the corresponding period of last year.
SBI’s provisions during the fourth quarter declined sharply to around Rs 2,872 crore as against Rs 6,442 crore in the same quarter of previous year. Of these, the provisions for non-performing assets fell to Rs 3,140 crore, compared with Rs 3,964 crore a year ago.
Margins softened during the quarter. Domestic net interest margin stood at 2.93%, down 21 basis points YoY and 18 basis points QoQ. Whole-bank NIM for Q4 FY26 stood at 2.81%, while domestic NIM for FY26 stood at 3.03%.For FY26, SBI posted net profit of Rs 80,032 crore, up 12.88% from Rs 70,901 crore in FY25. Operating profit for the year rose 11.25% to Rs 1.23 lakh crore, while NII increased 4.08% to Rs 1.73 lakh crore. The bank’s return on assets stood at 1.12% and return on equity at 18.57% for FY26.
On the balance sheet side, SBI’s total business crossed Rs 109 lakh crore, with deposits at Rs 59.8 lakh crore and advances at Rs 49.3 lakh crore.
Gross advances rose 17% YoY to Rs 49.32 lakh crore as of March 2026. Domestic corporate advances grew 15% to Rs 14.24 lakh crore, while domestic retail personal advances rose 15% to Rs 17.35 lakh crore. Home loans grew 14% to Rs 9.44 lakh crore.
Deposits rose 11% YoY to Rs 59.75 lakh crore. Domestic CASA deposits increased 10% to Rs 22.62 lakh crore, while domestic term deposits grew 12% to Rs 34.7 lakh crore. CASA ratio stood at 39.46% as of March 2026.
Asset quality improved. Gross NPA ratio declined to 1.49% from 1.82% a year earlier, improving 33 basis points. Net NPA ratio improved to 0.39% from 0.47%. Gross NPAs stood at Rs 73,452 crore, down 4.46% YoY, while net NPAs stood at Rs 18,830 crore, down 4.25% YoY.
Provision coverage ratio stood at 74.36%, while PCR including AUCA stood at 91.97%. Slippage ratio for Q4 was 0.47%, while credit cost stood at 0.27%. SBI’s capital adequacy ratio stood at 15.4% at the end of Q4 FY26. CET-1 ratio was 12.29%, and tier-1 ratio stood at 13.33%.
Post the quarterly results, SBI shares slumped as much as 7% in afternoon trade to around Rs 1,015 crore.
