State Bank of India could post a modest year-on-year growth in standalone fourth quarter net profit, with majority of the broking firms estimating it to be in the ₹19,500 crore to ₹20,000 crore range.
While India’s largest bank is expected to log a decent net interest income, other income could be weighed down by treasury losses as government security yields rose during the quarter amid hardening global crude oil prices in the wake of the West Asia conflict.
Equirus Securities has estimated SBI to report a 9.2 per cent y-o-y increase in Q4FY26 standalone net profit at ₹20,363 crore. Net interest income (NII) is expected to rise 9.6 per cent y-o-y to ₹46,873.50 crore. The net interest margin (NIM) is seen flat at about 3 per cent.
Systematix Research, in a report, has pencilled in a 4.9 per cent y-o-y increase in net profit at ₹19,548 crore on the back of NII rising 9.3 per cent y-o-y to ₹46,754 crore.
Advances growth
The aforementioned report said the quarter-on-quarter (QoQ) advances growth could be in line with industry growth.
“The cost of funds is expected to remain stable and more than offset the decline the yield on advances resulting in marginal NIM improvement....Sequentially, fee income is expected to improve at a healthy rate while the treasury income is expected to moderate.
“Total opex is expected to be higher sequentially led by higher employee and other opex. Slippages are expected to increase sequentially. Further, provisions are expected to be higher sequentially leading to higher credit costs,” the report said.
Published on May 7, 2026