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.

State Bank of India has submitted its statement of deviation/variation in the utilisation of funds raised through listed non-convertible debt securities for the quarter ended 31.03.2026, in accordance with Regulation 32 and Regulation 52(7)/(7A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed on 08 May 2026 and signed by Kameshwar Rao Kodavanti, Chief Financial Officer, and Aruna N. Dak, DGM (Compliance & Company Secretary).

Q4 FY26 Fund Raising: No Deviation Reported

For the quarter ended 31.03.2026, State Bank of India raised ₹6,051.00 crore through private placement of Basel III compliant Tier 2 Bonds. The entire amount raised was fully utilised as intended, with no deviation or variation reported in the use of proceeds. The filing confirms that no separate monitoring agency was applicable for this issuance.

The key details of the Q4 FY26 bond issuance are summarised below:

The stated object for which the funds were raised was augmenting Tier 2 Capital and overall capital of the bank for strengthening its capital adequacy and enhancing long-term resources in accordance with RBI guidelines. The original allocation of ₹6,051.00 crore was fully utilised with no modification to the object, no modified allocation, and nil deviation.

Equity-Related Fund Raising: Nil for Q4 FY26

With respect to Regulation 32 of SEBI (LODR) Regulations, 2015, the bank reported that there was no fund raising activity — whether through public issue, rights issue, preferential issue, QIP, or any other mode — during Q4 FY26. Accordingly, all related fields including mode of fund raising, date of raising funds, amount raised, monitoring agency, and deviation/variation status are marked as Not Applicable for this quarter.

Outstanding Domestic Bond Portfolio as on 31.03.2026

As part of Annexure 1 to the filing, State Bank of India disclosed its complete list of outstanding domestic non-convertible debt securities as on 31.03.2026. The portfolio comprises 23 issuances, all raised through private placement, spanning Tier 2, Additional Tier 1 (AT1), and Long-Term Bond (LTB) instruments. The total amount raised and fully utilised across all outstanding bonds stands at ₹1,63,408.00 crore, with no deviation reported for any issuance.

The complete list of outstanding bonds is presented below:

Regulatory Compliance

The filing confirms full compliance with the applicable SEBI disclosure requirements. Across all 23 outstanding bond issuances, the bank has reported complete utilisation of funds in line with the original stated objects, with no deviations, no audit committee observations, and no auditor comments required. The disclosure was duly certified by the Chief Financial Officer and filed with both BSE Limited and the National Stock Exchange of India Limited.