SBI Posts Record ₹80,032 Cr Net Profit in FY26; Files Newspaper Publication Disclosure
May 11, 2026
State Bank of India reported its highest-ever annual net profit of ₹80,032 crores in FY26, up 12.88% YoY, supported by operating profit of ₹1,23,015 crores and improved capital adequacy of 15.40%. Whole bank advances crossed ₹49 trillion (+16.87% YoY) and total deposits crossed ₹59 trillion (+11.03% YoY), with asset quality improving as Gross NPA declined to 1.49%. The bank subsequently filed a Regulation 47 disclosure confirming newspaper publication of its Q4 and FY26 financial results on 09.05.2026 in the Economic Times, Navbharat Times, and Maharashtra Times, signed by Shima Devi, AGM (Company Secretary).
State Bank of India reported its highest-ever annual net profit of ₹80,032 crores in FY26, reflecting a year-on-year growth of 12.88%, driven by higher Net Interest Income and Non-Interest Income. The bank's analyst presentation for the quarter and year ended 31.03.2026 was submitted to the stock exchanges on 08.05.2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, bearing reference CC/S&B/AND/2026-27/105, was digitally signed by Aruna N. Dak, DGM (Compliance & Company Secretary). Subsequently, in compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015, the bank submitted a newspaper publication disclosure bearing reference CC/S&B/SD/2026-27/117, confirming that the financial results for the quarter and year ended 31.03.2026 were published on 09.05.2026 in the Economic Times (English), Navbharat Times (Hindi), and Maharashtra Times (Marathi). This disclosure was digitally signed by Shima Devi, AGM (Company Secretary), State Bank of India, Shares & Bonds Department.
Key Financial Performance – FY26
State Bank of India's operating profit for FY26 stood at ₹1,23,015 crores, registering an 11.25% YoY growth. Return on Assets (ROA) improved to 1.12% and Return on Equity (ROE) stood at 18.57% for FY26. The Whole Bank Net Interest Margin (NIM) was 2.91%, while Domestic NIM stood at 3.03%. The cost-to-income ratio improved by 153 bps to 50.11% in FY26 from 51.64% in FY25. Capital Adequacy Ratio strengthened to 15.40%, up 115 bps YoY, with CET 1 Ratio at 12.29%.
The following table summarises key financial indicators for FY26:
Metric: FY25 FY26 YoY Change Net Interest Income (₹ Cr): 1,66,340 1,73,120 +4.08% Operating Profit (₹ Cr): 1,10,579 1,23,015 +11.25% Net Profit (₹ Cr): 70,901 80,032 +12.88% NIM – Whole Bank (%): 3.08 2.91 -17 bps NIM – Domestic (%): 3.21 3.03 -18 bps Gross NPA Ratio (%): 1.82 1.49 -33 bps Net NPA Ratio (%): 0.47 0.39 -8 bps PCR (Incl. AUCA) (%): 92.08 91.97 -11 bps PCR (%): 74.42 74.36 -6 bps Capital Adequacy (%): 14.25 15.40 +115 bps Gross Advances (₹ Cr): 42,20,703 49,32,627 +16.87% Total Deposits (₹ Cr): 53,82,190 59,75,642 +11.03%
Quarterly Financial Snapshot
For Q4FY26, the bank reported a net profit of ₹19,684 crores, up 5.58% over Q4FY25, though down 6.39% sequentially from Q3FY26. Net Interest Income for Q4FY26 stood at ₹44,380 crores, a 4.13% rise over Q4FY25. Total provisions for Q4FY26 declined sharply by 36.56% YoY to ₹8,020 crores, reflecting improved asset quality. Earning Per Share (EPS) for FY26 stood at ₹87.59. The standalone financial results also reflect a Net Worth of ₹4,72,894.50 crores and a Debt Equity Ratio of 0.56 as at 31.03.2026, compared to ₹3,89,071.49 crores and 0.68 respectively as at 31.03.2025.
Metric (₹ Cr): Q4FY25 Q3FY26 Q4FY26 FY25 FY26 Net Interest Income: 42,618 44,987 44,380 1,66,340 1,73,120 Operating Income: 66,985 63,549 61,694 2,28,648 2,46,564 Operating Profit: 31,286 32,862 27,704 1,10,579 1,23,015 Total Provisions: 12,643 11,834 8,020 39,679 42,983 Net Profit: 18,643 21,028 19,684 70,901 80,032 ROA (%): 1.12 1.19 1.07 1.10 1.12 EPS (₹): 84.72 90.38 86.48 79.44 87.59
The standalone results were approved and taken on record by the Board of Directors at their meeting held on 08.05.2026. The Board of Directors, chaired by Challa Sreenivasulu Setty, authorised the submission of results. The full format of the quarterly and annual financial results is available on the stock exchange websites and on the bank's website at sbi.bank.in.
Credit and Deposit Growth
Whole Bank advances crossed ₹49 trillion, registering a YoY growth of 16.87%. Domestic advances grew 16.33% YoY to ₹41,89,686 crores, led by robust growth across segments — SME at 20.99%, Agri at 19.68%, and Retail Personal at 15.22%. Foreign Offices Advances grew 20.01% YoY. On the liability side, total deposits crossed ₹59 trillion, growing 11.03% YoY. CASA deposits stood at ₹22,62,011 crores, up 9.53% YoY, with Savings Bank Deposits growing 10.60% and Term Deposits rising 11.90% YoY.
Segment: Mar 25 (₹ Cr) Mar 26 (₹ Cr) YoY Growth (%) Retail Personal: 15,06,477 17,35,778 15.22 Agri: 3,48,524 4,17,097 19.68 SME: 5,06,027 6,12,222 20.99 Corporate: 12,40,592 14,24,589 14.83 Domestic Advances: 36,01,620 41,89,686 16.33 Foreign Offices Advances: 6,19,083 7,42,941 20.01 Total Whole Bank Advances: 42,20,703 49,32,627 16.87
Asset Quality
Asset quality showed consistent improvement, with the Gross NPA Ratio declining to 1.49% in Mar 26 from 1.82% in Mar 25, and the Net NPA Ratio easing to 0.39% from 0.47%. Provision Coverage Ratio (PCR) stood at 74.36%, while PCR including AUCA was at 91.97%. Total non-NPA provisions not included in PCR stood at ₹29,713 crores, approximately 158% of Net NPAs at the end of FY26. The credit cost for FY26 was 0.37%, marginally lower than 0.38% in FY25.
Asset Quality Metric: Mar 25 Mar 26 Change Gross NPA Ratio (%): 1.82 1.49 -33 bps Net NPA Ratio (%): 0.47 0.39 -8 bps PCR (%): 74.42 74.36 -6 bps PCR Incl. AUCA (%): 92.08 91.97 -11 bps Credit Cost (%): 0.38 0.37 -1 bp Closing Gross NPAs (₹ Cr): 76,880 73,452 —
Digital Banking and YONO
Digital banking continued to be a key growth driver, with 98.7% of transactions conducted through alternate channels. YONO, the bank's digital platform, recorded 10.02 crore registered customers, with 66% of savings accounts opened through YONO in FY26. New YONO crossed 4 crore registrations. In Q4FY26, YONO registrations grew 18.2% YoY to 37.59 lakh, while Regular Savings Bank Accounts opened through YONO grew 25.0% YoY to 7.29 lakh. The bank maintained digital leadership in debit card spends, ATMs, and mobile banking transactions by both value and volume.
Subsidiaries and Group Financials
The SBI Group reported a consolidated net profit of ₹83,299 crores for FY26, up 7.40% YoY, on total income of ₹7,12,644 crores. Group ROA stood at 1.07% and ROE at 17.56%. Total Group Assets grew 13.77% YoY to ₹83,21,569 crores. Key subsidiary performances are summarised below:
Subsidiary: FY25 PAT (₹ Cr) FY26 PAT (₹ Cr) FY26 ROE (%) SBI Life Insurance: 2,413 2,470 13.70 SBI Cards: 2,531 3,051 43.00 SBI Mutual Fund (Group PAT): 1,205 1,411 23.80 SBI General Insurance: 509 553 11.20
SBI-sponsored Regional Rural Banks (9 RRBs post-amalgamation) reported a net profit of ₹2,638 crores, up 14.66% YoY, with Gross Advances growing 9.50% YoY to ₹1,24,539 crores and Gross NPA declining 84 bps YoY to 2.45%.
CSR and Sustainability
State Bank of India spent ₹709 crores on CSR activities during FY26. The bank's sustainable finance portfolio stood at ₹1,67,617 crores (fund-based) and ₹21,408 crores (non-fund-based), with renewable energy capacity financed exceeding 59 GW. The total workforce stood at 2,45,131, with women comprising 28.5% of the workforce. Under the Beti Bachao Beti Padhao initiative, 7,906 cycles were distributed to girl students and 6,80,418 sanitary pad kits were distributed across schools during FY26.
State Bank of India has notified the stock exchanges that one of the validly nominated candidates for the upcoming director election has withdrawn his nomination ahead of the General Meeting of Shareholders scheduled for May 15, 2026. The development was communicated via a regulatory filing dated May 11, 2026, signed by Shima Devi, AGM (Company Secretary).
Withdrawal of Nomination
Shri Dharmendra Singh Shekhawat, whose nomination had been found valid under Section 19A of the State Bank of India Act, 1955, read with the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, has formally withdrawn his candidacy. His name will consequently be excluded from the list of candidates for the election of directors under Section 19(c) of the State Bank of India Act, 1955.
The key details of the withdrawal and the upcoming General Meeting are summarised below:
Parameter: Details Candidate Name: Shri Dharmendra Singh Shekhawat Nomination Status: Withdrawn Relevant Provision: Section 19A, State Bank of India Act, 1955 RBI Directions Referenced: RBI (Commercial Banks - Governance) Directions, 2025 Election Provision: Section 19(c), State Bank of India Act, 1955 Number of Director Seats: Four Meeting Date: Friday, May 15, 2026 Meeting Time: 03:00 PM Meeting Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Background and Context
The bank had previously issued letters — reference CC/S&B/AND/2026-27/79 dated April 27, 2026 and CC/S&B/AND/2026-27/98 dated May 4, 2026 — notifying the list and details of validly nominated candidates for the election of four Directors to the Central Board of the Bank. The current filing, bearing reference CC/S&B/SD/2026-27/116, serves as a continuation and update to those earlier communications.
General Meeting Proceedings
Following the withdrawal, the remaining validly nominated candidates will be put up for voting at the General Meeting of the Shareholders. The meeting is scheduled to be held on Friday, May 15, 2026 at 03:00 PM through Video Conferencing and Other Audio Visual Means, in accordance with applicable provisions. The election pertains to four Director positions on the Central Board of the Bank under the State Bank of India Act, 1955.
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Key Financial Performance – FY26
State Bank of India's operating profit for FY26 stood at ₹1,23,015 crores, registering an 11.25% YoY growth. Return on Assets (ROA) improved to 1.12% and Return on Equity (ROE) stood at 18.57% for FY26. The Whole Bank Net Interest Margin (NIM) was 2.91%, while Domestic NIM stood at 3.03%. The cost-to-income ratio improved by 153 bps to 50.11% in FY26 from 51.64% in FY25. Capital Adequacy Ratio strengthened to 15.40%, up 115 bps YoY, with CET 1 Ratio at 12.29%.
The following table summarises key financial indicators for FY26:
Metric: FY25 FY26 YoY Change Net Interest Income (₹ Cr): 1,66,340 1,73,120 +4.08% Operating Profit (₹ Cr): 1,10,579 1,23,015 +11.25% Net Profit (₹ Cr): 70,901 80,032 +12.88% NIM – Whole Bank (%): 3.08 2.91 -17 bps NIM – Domestic (%): 3.21 3.03 -18 bps Gross NPA Ratio (%): 1.82 1.49 -33 bps Net NPA Ratio (%): 0.47 0.39 -8 bps PCR (Incl. AUCA) (%): 92.08 91.97 -11 bps PCR (%): 74.42 74.36 -6 bps Capital Adequacy (%): 14.25 15.40 +115 bps Gross Advances (₹ Cr): 42,20,703 49,32,627 +16.87% Total Deposits (₹ Cr): 53,82,190 59,75,642 +11.03%
Quarterly Financial Snapshot
For Q4FY26, the bank reported a net profit of ₹19,684 crores, up 5.58% over Q4FY25, though down 6.39% sequentially from Q3FY26. Net Interest Income for Q4FY26 stood at ₹44,380 crores, a 4.13% rise over Q4FY25. Total provisions for Q4FY26 declined sharply by 36.56% YoY to ₹8,020 crores, reflecting improved asset quality. Earning Per Share (EPS) for FY26 stood at ₹87.59. The standalone financial results also reflect a Net Worth of ₹4,72,894.50 crores and a Debt Equity Ratio of 0.56 as at 31.03.2026, compared to ₹3,89,071.49 crores and 0.68 respectively as at 31.03.2025.
Metric (₹ Cr): Q4FY25 Q3FY26 Q4FY26 FY25 FY26 Net Interest Income: 42,618 44,987 44,380 1,66,340 1,73,120 Operating Income: 66,985 63,549 61,694 2,28,648 2,46,564 Operating Profit: 31,286 32,862 27,704 1,10,579 1,23,015 Total Provisions: 12,643 11,834 8,020 39,679 42,983 Net Profit: 18,643 21,028 19,684 70,901 80,032 ROA (%): 1.12 1.19 1.07 1.10 1.12 EPS (₹): 84.72 90.38 86.48 79.44 87.59
The standalone results were approved and taken on record by the Board of Directors at their meeting held on 08.05.2026. The Board of Directors, chaired by Challa Sreenivasulu Setty, authorised the submission of results. The full format of the quarterly and annual financial results is available on the stock exchange websites and on the bank's website at sbi.bank.in.
Credit and Deposit Growth
Whole Bank advances crossed ₹49 trillion, registering a YoY growth of 16.87%. Domestic advances grew 16.33% YoY to ₹41,89,686 crores, led by robust growth across segments — SME at 20.99%, Agri at 19.68%, and Retail Personal at 15.22%. Foreign Offices Advances grew 20.01% YoY. On the liability side, total deposits crossed ₹59 trillion, growing 11.03% YoY. CASA deposits stood at ₹22,62,011 crores, up 9.53% YoY, with Savings Bank Deposits growing 10.60% and Term Deposits rising 11.90% YoY.
Segment: Mar 25 (₹ Cr) Mar 26 (₹ Cr) YoY Growth (%) Retail Personal: 15,06,477 17,35,778 15.22 Agri: 3,48,524 4,17,097 19.68 SME: 5,06,027 6,12,222 20.99 Corporate: 12,40,592 14,24,589 14.83 Domestic Advances: 36,01,620 41,89,686 16.33 Foreign Offices Advances: 6,19,083 7,42,941 20.01 Total Whole Bank Advances: 42,20,703 49,32,627 16.87
Asset Quality
Asset quality showed consistent improvement, with the Gross NPA Ratio declining to 1.49% in Mar 26 from 1.82% in Mar 25, and the Net NPA Ratio easing to 0.39% from 0.47%. Provision Coverage Ratio (PCR) stood at 74.36%, while PCR including AUCA was at 91.97%. Total non-NPA provisions not included in PCR stood at ₹29,713 crores, approximately 158% of Net NPAs at the end of FY26. The credit cost for FY26 was 0.37%, marginally lower than 0.38% in FY25.
Asset Quality Metric: Mar 25 Mar 26 Change Gross NPA Ratio (%): 1.82 1.49 -33 bps Net NPA Ratio (%): 0.47 0.39 -8 bps PCR (%): 74.42 74.36 -6 bps PCR Incl. AUCA (%): 92.08 91.97 -11 bps Credit Cost (%): 0.38 0.37 -1 bp Closing Gross NPAs (₹ Cr): 76,880 73,452 —
Digital Banking and YONO
Digital banking continued to be a key growth driver, with 98.7% of transactions conducted through alternate channels. YONO, the bank's digital platform, recorded 10.02 crore registered customers, with 66% of savings accounts opened through YONO in FY26. New YONO crossed 4 crore registrations. In Q4FY26, YONO registrations grew 18.2% YoY to 37.59 lakh, while Regular Savings Bank Accounts opened through YONO grew 25.0% YoY to 7.29 lakh. The bank maintained digital leadership in debit card spends, ATMs, and mobile banking transactions by both value and volume.
Subsidiaries and Group Financials
The SBI Group reported a consolidated net profit of ₹83,299 crores for FY26, up 7.40% YoY, on total income of ₹7,12,644 crores. Group ROA stood at 1.07% and ROE at 17.56%. Total Group Assets grew 13.77% YoY to ₹83,21,569 crores. Key subsidiary performances are summarised below:
Subsidiary: FY25 PAT (₹ Cr) FY26 PAT (₹ Cr) FY26 ROE (%) SBI Life Insurance: 2,413 2,470 13.70 SBI Cards: 2,531 3,051 43.00 SBI Mutual Fund (Group PAT): 1,205 1,411 23.80 SBI General Insurance: 509 553 11.20
SBI-sponsored Regional Rural Banks (9 RRBs post-amalgamation) reported a net profit of ₹2,638 crores, up 14.66% YoY, with Gross Advances growing 9.50% YoY to ₹1,24,539 crores and Gross NPA declining 84 bps YoY to 2.45%.
CSR and Sustainability
State Bank of India spent ₹709 crores on CSR activities during FY26. The bank's sustainable finance portfolio stood at ₹1,67,617 crores (fund-based) and ₹21,408 crores (non-fund-based), with renewable energy capacity financed exceeding 59 GW. The total workforce stood at 2,45,131, with women comprising 28.5% of the workforce. Under the Beti Bachao Beti Padhao initiative, 7,906 cycles were distributed to girl students and 6,80,418 sanitary pad kits were distributed across schools during FY26.
State Bank of India has notified the stock exchanges that one of the validly nominated candidates for the upcoming director election has withdrawn his nomination ahead of the General Meeting of Shareholders scheduled for May 15, 2026. The development was communicated via a regulatory filing dated May 11, 2026, signed by Shima Devi, AGM (Company Secretary).
Withdrawal of Nomination
Shri Dharmendra Singh Shekhawat, whose nomination had been found valid under Section 19A of the State Bank of India Act, 1955, read with the Reserve Bank of India (Commercial Banks - Governance) Directions, 2025, has formally withdrawn his candidacy. His name will consequently be excluded from the list of candidates for the election of directors under Section 19(c) of the State Bank of India Act, 1955.
The key details of the withdrawal and the upcoming General Meeting are summarised below:
Parameter: Details Candidate Name: Shri Dharmendra Singh Shekhawat Nomination Status: Withdrawn Relevant Provision: Section 19A, State Bank of India Act, 1955 RBI Directions Referenced: RBI (Commercial Banks - Governance) Directions, 2025 Election Provision: Section 19(c), State Bank of India Act, 1955 Number of Director Seats: Four Meeting Date: Friday, May 15, 2026 Meeting Time: 03:00 PM Meeting Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
Background and Context
The bank had previously issued letters — reference CC/S&B/AND/2026-27/79 dated April 27, 2026 and CC/S&B/AND/2026-27/98 dated May 4, 2026 — notifying the list and details of validly nominated candidates for the election of four Directors to the Central Board of the Bank. The current filing, bearing reference CC/S&B/SD/2026-27/116, serves as a continuation and update to those earlier communications.
General Meeting Proceedings
Following the withdrawal, the remaining validly nominated candidates will be put up for voting at the General Meeting of the Shareholders. The meeting is scheduled to be held on Friday, May 15, 2026 at 03:00 PM through Video Conferencing and Other Audio Visual Means, in accordance with applicable provisions. The election pertains to four Director positions on the Central Board of the Bank under the State Bank of India Act, 1955.
We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.
Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.
As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.
We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.
Disclaimer:
The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.
This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.
The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.
We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.
This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.
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