State Bank of India saw a 1.1% year-on-year increase in consolidated net profit for the fourth quarter of FY26, reaching Rs 20,161.30 crore. The bank’s standalone net profit surged by 5.6% year-on-year to Rs 19,683.75 crore for the same quarter. However, there was a 6.4% sequential decline in profit from the previous quarter.
For the full financial year FY26, SBI reported a nearly 13% rise in profit, totaling Rs 80,032.01 crore. The bank’s operating profit in the quarter fell by 11.45% year-on-year and 15.7% quarter-on-quarter to Rs 27,704 crore. Net interest income rose by 4.13% year-on-year to Rs 44,380 crore.
SBI’s domestic net interest margin decreased to 2.93%, down by 21 basis points year-on-year and 18 basis points from the previous quarter. Asset quality improved with gross non-performing assets declining by 4.46% year-on-year to Rs 73,452 crore. The gross NPA ratio improved to 1.49% from 1.82% a year earlier.
