New Delhi,May 08,2026: State Bank of India reported a 13% year-on-year rise in net profit for FY26 at ₹80,032 crore. The country’s largest lender also posted a 6% increase in fourth-quarter profit at ₹19,684 crore for the quarter ended March 31, 2026.
The SBI FY26 results were announced on May 8 in Mumbai. The bank’s board declared a dividend of ₹17.35 per equity share for shareholders.
For the January-March quarter, the bank’s Net Interest Income grew 4.13% year-on-year to ₹44,380 crore. For the full financial year, Net Interest Income increased 4.08% to ₹173,120 crore.
However, the bank’s Net Interest Margin declined during the quarter. The margin fell to 2.93% from 3.14% a year earlier. For FY26, Net Interest Margin stood at 3.03%, lower than the previous year.
Total income during the fourth quarter declined 2.4% year-on-year to ₹140,412 crore. For the full year, total income rose 5% to ₹551,648 crore.
SBI also reported lower provisions for non-performing assets during the quarter at ₹3,140 crore compared with ₹3,964 crore in the same period last year. However, annual provisions increased to ₹15,422 crore.
The bank’s asset quality improved during FY26. Gross non-performing assets declined to ₹73,452 crore from ₹76,880 crore a year ago. Net non-performing assets also reduced to ₹18,830 crore.
Advances grew 16.87% year-on-year, with domestic advances rising 16.33%. Retail advances increased 17.11%, while SME advances recorded 20.99% growth. Agriculture advances rose 19.68% and corporate advances grew 14.83%.
The bank also reported an 11.03% increase in deposits compared with the previous year.
On a consolidated basis, SBI posted a marginal 1% rise in fourth-quarter net profit at ₹20,161 crore. Consolidated net profit for FY26 increased 8% year-on-year to ₹85,168 crore.
Following the earnings announcement, SBI shares closed 6.62% lower at ₹1,019.55 on the BSE.
