New Delhi: State Bank of India reported a standalone net profit of ₹19,684 crore for Q4 FY26, marking a 5.6% year-on-year growth. The bank also announced a full-year FY26 net profit of ₹80,032 crore, reflecting strong annual growth of nearly 13%.
The results were declared after the bank’s Central Board meeting held in Mumbai, which concluded at 1:45 PM on May 8, 2026.
Q4 FY26 Performance Shows Mixed Trends
For the fourth quarter of FY26, SBI posted steady profit growth despite pressure on income and operating performance:
- Net profit: ₹19,684 crore (up 5.6%)
- Total income: ₹1,40,412 crore (down 2.4%)
- Interest earned: ₹1,23,098 crore (up 3%)
- Operating profit: ₹27,704 crore (down 11.5%)
- Profit before tax: ₹24,832 crore (flat YoY)
The increase in profit came even as operating profit declined during the quarter.
Strong Full-Year FY26 Financial Growth
For the full financial year FY26, SBI delivered strong overall growth:
- Net profit: ₹80,032 crore (up 13%)
- Total income: ₹5,51,647 crore (up 5.2%)
- Profit before tax: ₹1,05,477 crore (up 10.7%)
- Consolidated net profit: ₹83,299 crore (up 7.4%)
The bank maintained stable profitability across its core operations throughout the year.
Dividend of ₹17.35 Per Share Declared
The Central Board approved a dividend of ₹17.35 per equity share (1735%) for FY26.
Key details:
- Dividend per share: ₹17.35
- Face value: ₹1
- Record date: May 16, 2026
- Payment date: June 4, 2026
Strategic Moves Strengthen Balance Sheet
SBI highlighted several key strategic actions during the year:
- ₹25,000 crore raised through Qualified Institutional Placement (QIP)
- 13.18% stake in Yes Bank divested, earning ₹4,593 crore profit
- Stake in SBI General Insurance increased to 73.87%
- ₹7,288 crore revaluation surplus added to reserves
These moves helped strengthen capital buffers and improve financial stability.
Asset Quality and Lending Growth Remain Strong
The bank reported stable asset quality and robust loan expansion:
- Gross NPA improved to 1.49% (from 1.82% last year)
- Total business crossed ₹109 lakh crore
- Deposits: ₹59.8 lakh crore
- Advances: ₹49.3 lakh crore
Retail, SME, and corporate lending segments all recorded double-digit growth, with SME advances rising 21% and retail loans up 17%.
Income, Margins and Credit Trends
Net interest income rose 4% year-on-year to ₹44,380 crore, supported by steady credit growth. The bank also reported stable net interest margins, with domestic NIM at 3.03% for the year.
Credit expansion was driven by retail loans, SME lending, and corporate advances, all showing strong momentum.
About SBI
State Bank of India is India’s largest public sector bank and a Fortune 500 institution. Headquartered in Mumbai, it operates a vast domestic branch network along with international presence and remains a key driver of India’s banking and credit ecosystem.
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