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 presentation is available on the bank's official website under the investor relations section at https://sbi.bank.in/web/investor-relations/analyst-presentation . The filing, bearing reference CC/S&B/AND/2026-27/105, was digitally signed by Aruna N. Dak, DGM (Compliance & Company Secretary).

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:

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.

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.

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.

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:

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 officially declared a dividend of ₹17.35 per equity share of ₹1 each fully paid up, amounting to 1735%, for the financial year ended March 31, 2026. The announcement was made following the Central Board meeting held on May 8, 2026, in compliance with Regulation 30(6) and Regulation 43(1) of SEBI (LODR) Regulations, 2015. In terms of Regulation 42 of SEBI (LODR) Regulations, 2015, the record date for determining eligibility has been fixed as May 16, 2026. Consequently, the register of shareholders will remain closed from May 17, 2026, to May 19, 2026 (both days inclusive), for the purpose of dividend payment. The dividend is scheduled to be paid on June 4, 2026.

Board Meeting and Financial Results

The Board meeting approved the audited Standalone and Consolidated Financial Results for Q4FY26 and FY26. The bank reported a net profit of ₹19,684 crores for Q4FY26, a growth of 5.58% year-on-year. For the full fiscal year FY26, net profit stood at ₹80,032 crores, registering a robust increase of 12.88% YoY. Total business for the bank crossed ₹109 Trillion, with credit growth for Q4FY26 coming in at 16%, surpassing the guidance range of 13%–15%.

Key Financial Metrics

The bank demonstrated steady top-line growth, with Q4FY26 revenue at ₹1.23 trillion compared to ₹1.19 trillion in Q4FY25. Net Interest Income (NII) for FY26 increased by 4.08% YoY to ₹1,73,120 crores. The Return on Assets (ROA) and Return on Equity (ROE) for FY26 were reported at 1.12% and 18.57% respectively. Domestic Net Interest Margin (NIM) for FY26 stood at 3.03%, while Whole Bank NIM was 2.91%.

Asset Quality and Capital Adequacy

Asset quality improved on a year-on-year basis, with the Gross NPA Ratio at 1.49% (down 33 bps YoY) and Net NPA Ratio at 0.39% (down 8 bps YoY). The Provision Coverage Ratio (PCR) stood at 74.36%, while PCR including AUCA was 91.97%. Fresh slippages in Q4FY26 rose to ₹55 billion compared to ₹44.58 billion in Q3FY26. The Capital to Risk Weighted Assets Ratio (CRAR) as of March 31, 2026, was strong at 15.40%, with a CET-1 Ratio of 12.29%.

Dividend Details

The dividend declaration was communicated to the stock exchanges via a circular signed by Aruna N. Dak, Deputy General Manager (Compliance & Company Secretary). The record date and book closure details are crucial for shareholders to ensure they receive the payout.