State Bank of India (SBI) has announced its financial results for the fiscal year ending 31 March 2026, revealing a net profit of ₹80,032 crores. This marks a significant year-on-year growth of 12.88%. The bank also reported a net profit of ₹19,684 crores for the fourth quarter of FY26.
SBI’s business operations crossed ₹109 trillion, with deposits and advances standing at ₹59.8 trillion and ₹49.3 trillion, respectively. The agricultural portfolio surpassed ₹4 trillion, highlighting the bank’s robust growth in this sector.
The operating profit for FY26 increased by 11.25% year-on-year to ₹1,23,015 crores. The bank’s return on assets (ROA) and return on equity (ROE) for the fiscal year were 1.12% and 18.57%, respectively. Net interest income (NII) saw a year-on-year increase of 4.08%.
In terms of balance sheet growth, whole bank advances grew by 16.87% year-on-year, with domestic advances increasing by 16.33%. The bank’s foreign offices witnessed an advances growth of 20.01% year-on-year. Retail advances also showed strong performance, growing by 17.11% year-on-year, while SME advances and agricultural advances grew by 20.99% and 19.68%, respectively.
Corporate advances registered a year-on-year growth of 14.83%. Whole bank deposits increased by 11.03% year-on-year, with CASA deposits growing by 9.53%. The CASA ratio stood at 39.46% as of 31 March 2026.
The bank’s asset quality showed improvement, with the gross NPA ratio at 1.49%, a year-on-year improvement of 33 basis points. The net NPA ratio improved by 8 basis points year-on-year to 0.39%. The provision coverage ratio (PCR) was 74.36%, while the PCR including AUCA stood at 91.97%.
SBI’s capital adequacy was strong, with the capital to risk-weighted assets ratio (CRAR) at 15.40% at the end of Q4FY26. The bank also reported that more than 66% of savings bank accounts were opened digitally through YONO in FY26, with the share of alternate channels in total transactions increasing from approximately 98.2% in FY25 to approximately 98.7% in FY26.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).