State Bank of India on Friday reported a 5.6 percent year-on-year rise in standalone net profit for the March quarter at ₹19,684 crore, aided by healthy loan growth and improved asset quality, even as margins moderated.
Total income came in at ₹1.4 lakh crore, a tad down from ₹1.44 lakh crore year ago.
The country’s largest lender’s net interest income (NII) rose 4.1 percent year-on-year to ₹44,380 crore in Q4FY26 from ₹42,618 crore in the corresponding quarter last year.
Asset quality improved further during the quarter, with gross non-performing assets (GNPA) ratio declining to 1.49 percent from 1.82 percent a year ago. Provision during the quarter fell to ₹2872 crore from ₹6442 crore year ago, of which NPA provisions were at ₹3140 crore, compared to ₹3964 crore year ago.
Net NPA ratio for the quarter was at 0.39 per cent, stable sequentially and down from 0.47 per cent year ago.
For the full financial year FY26, the bank reported a net profit of ₹80,032 crore, registering a growth of 12.9 percent over the previous year, while operating profit increased 11.3 percent to ₹1.23 lakh crore.
SBI’s total business crossed ₹109 lakh crore during the year, with total deposits rising 11 percent year-on-year to ₹59.76 lakh crore and gross advances growing 16.9 percent to ₹49.33 lakh crore as of March-end 2026.
Retail advances grew 17.1 percent, while SME advances expanded 21 percent and agriculture loans rose nearly 20 percent year-on-year.
The bank’s slippage ratio for FY26 improved marginally to 0.54 percent from 0.55 percent in FY25, while the Q4FY26 slippage ratio came in at 0.47 percent.
Published on May 8, 2026