State Bank of India (SBI), the country’s biggest lender, for the fourth quarter ended March 31, 2026 reported a 6% Year on Year (YoY) growth in standalone profit after tax (PAT) at ₹19,684 crore. For FY26 the bank reported 13% YoY growth in PAT at ₹80,032 crore.

The board has declared a dividend of ₹17.35 per equity share. Soon after the announcement of the results, the banks shares came under selling pressure and closed with a loss of 6.62% at ₹1,019.55 on the BSE.

For the quarter, the bank’s Net Interest Income (NII) grew 4.13% YoY to ₹44,380 crore. For FY26 the NII grew 4.08% to ₹173,120 crore.

The Net Interest Margin (NIM) for the quarter fell 21 basis points to 2.93% from 3.14% a year ago.

Similarly, for FY26 NIM was down 18 basis points to 3.03%.

For the quarter the bank reported 2.4% YoY fall in total income to ₹140,412 crore. For FY26 total income grew 5% to ₹551,648 crore.

Lower provisions

The bank has made lower provisions of ₹3,140 crore towards Non Performing Assets (NPA) for the quarter as compared with ₹3,964 crore a year ago.

But for FY26 it has made higher provision of ₹15,422 crore as compared with ₹14,418 crore in the previous year. 

For the year ended March 31, 2026 the Gross NPA of the bank was lower at ₹73,452 crore as compared with ₹76,880 crore a year ago.

Net NPA was at 18,830 crore as compared with ₹19,667 crore a year ago. The bank’s advances reported growth of 16.87% YoY with domestic advances growing at 16.33% YoY.

Retail advances grew by 17.11% YoY, with double digit growth in all segments. 

SME advances grew by 20.99% YoY followed by Agri advances growth of 19.68% YoY and Retail personal advances growth of 15.22%. Corporate Advances registered YoY growth of 14.83%.

The bank saw a deposit growth of 11.03% YoY.  The bank’s consolidated net profit for the fourth quarter grew marginally by 1% YoY to ₹20,161 crore.  For FY26 net profit grew 8% YoY to ₹85,168 crore.