Noida, May 8 (APAC Media): State Bank of India (SBI), the country’s largest state-owned lender, on Friday reported a 6% year-on-year rise in its standalone net profit for the fourth quarter of FY2025–26 to Rs 19,684 crore, compared with Rs 18,643 crore in the corresponding period last year, according to a regulatory filing.
The bank’s net interest income (NII) increased 4.1% year-on-year to Rs 44,380 crore, compared with Rs 42,618 crore in the same period last year, according to the filing.
However, quarterly FY26 interest income increased 3% year-on-year to Rs 12,309.8 crore from Rs 11,950.9 crore in the corresponding period prior year.
The Central Board has declared a dividend of Rs 17.35 per equity share (1735%) for the financial year ended March 31, 2026. The record date for determining eligible shareholders is May 16, 2026, while the dividend payment will be made on June 4, 2026.
The bank’s net interest margin (NIM) for FY26 stood at 2.91% on a whole-bank basis and 3.03% domestically. For the fourth quarter of FY26, whole-bank NIM was 2.81%, while domestic NIM stood at 2.93%.
Asset Quality
- Gross NPA ratio stood at 1.49%, improving by 33 basis points year-on-year.
- Net NPA ratio stood at 0.39%, improving by 8 basis points year-on-year.
- Provision Coverage Ratio (PCR) was 74.36%, while PCR including AUCA stood at 91.97%.
- Slippage ratio for FY26 improved by 1 basis point year-on-year to 0.54%.
- Slippage ratio for Q4 FY26 stood at 0.47%.
- Credit cost for Q4 FY26 stood at 0.27%.
The bank’s operating profit for FY26 grew 11.25% year-on-year to Rs 12,301.5 crore. Return on assets (ROA) stood at 1.12%, while return on equity (ROE) was 18.57% for the fiscal year.
Gross non-performing assets (GNPA) declined 4.5% year-on-year to Rs 73,452 crore in Q4 FY26 from Rs 76,880 crore in the corresponding period of the previous year.
The govt lender’s total business crossed Rs 109 trillion during the period. Deposits stood at Rs 59.8 trillion, while advances were at Rs 49.3 trillion. The agricultural portfolio also crossed the Rs 4 trillion mark.
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