Business EconomyPosted at: May 8 2026 3:48PM


SBI FY26 net profit rises 13 pc to Rs 80,032 crore, asset quality improves

New Delhi, May 8 (UNI): The State Bank of India (SBI) on Friday reported a standalone net profit of Rs 80,032 crore for the financial year ended March 31, marking a growth of nearly 13 per cent compared to Rs 70,900 crore recorded in the previous fiscal, according to the bank’s audited financial results.
The bank also posted higher total income during FY26, which rose to Rs 5,51,647 crore from Rs 5,24,172 crore in FY25.
For the January-March quarter (Q4 FY26), SBI reported a standalone net profit of Rs 19,683 crore.
Asset quality improved further during the year, with gross non-performing assets (GNPA) declining to 1.49 per cent as of March 31, 2026, from 1.82 per cent a year earlier. Net NPAs also improved to 0.39 per cent from 0.47 per cent in the previous fiscal.
The bank said its Provision Coverage Ratio (PCR) stood at 74.36 per cent at the end of FY26, while PCR including AUCA, improved to 91.97 per cent.
SBI maintained a strong capital position, with its Basel III capital adequacy ratio standing at 15.40 per cent as of March 31, 2026.
The Central Board of the bank declared a dividend of Rs 17.35 per equity share for FY26.
“The Central Board has declared a dividend of Rs 17.35 per share @1735pc for the year ended March 31, 2026,” SBI said.
During the financial year, the lender completed a qualified institutional placement (QIP), raising Rs 25,000 crore through the allotment of over 30.59 crore fully paid-up equity shares to eligible qualified institutional buyers.
SBI also divested a 13.18 per cent stake in Yes Bank during the year. The transaction involved the sale of 4,13,44,04,897 equity shares at Rs 21.50 per share.
“The said divestment resulted in a profit of Rs 4,593.22 crore,” the bank said.
Further, SBI acquired an additional 4.925 per cent equity stake in SBI General Insurance, taking its shareholding in the company to 73.87 per cent as on March 31, 2026.
Despite the strong annual performance, shares of SBI fell more than 5 per cent immediately after the announcement of the financial results.
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Tags: #SBI FY26 net profit rises 13 pc to Rs 80#032 crore# asset quality improves
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