Summary

State Bank of India reported a strong financial performance for Q4 and FY26, with Net Profit for the full year reaching ₹80,032 crores, marking a 12.88% year-on-year growth. Operating Profit for FY26 also saw a robust increase of 11.25% to ₹1,23,015 crores. The bank demonstrated significant business expansion, with its overall business crossing ₹109 Trillion and Whole Bank Advances growing by 16.87% YoY. Asset quality improved considerably, as reflected by a 33 basis points year-on-year reduction in Gross NPA Ratio to 1.49% and an 8 basis points reduction in Net NPA Ratio to 0.39%.

Key Highlights

1. 1

   State Bank of India's overall business crossed ₹109 Trillion during FY26.

2. 2

   Net Profit for the full financial year FY26 grew by 12.88% year-on-year, reaching ₹80,032 crores.

3. 3

   Operating Profit for FY26 increased by 11.25% year-on-year to ₹1,23,015 crores.

4. 4

   Whole Bank Advances registered a strong growth of 16.87% YoY, with Domestic Advances growing by 16.33% YoY.

5. 5

   Gross Non-Performing Assets (NPA) Ratio improved significantly by 33 basis points YoY to 1.49% for Q4FY26.

6. 6

   Net NPA Ratio at 0.39% for Q4FY26 improved by 8 basis points YoY.

7. 7

   The Capital to Risk Weighted Assets Ratio (CRAR) stood at 15.40% at the end of Q4FY26.