State Bank of India (SBI) has reported its highest-ever annual net profit of ₹80,032 crore for the financial year ending March 31, 2026, marking a year-on-year growth of 12.88%. This robust performance was fueled by strong net interest income and non-interest income growth. The bank’s total business crossed the ₹109 trillion milestone, with deposit growth of 11.03% and credit growth of 16.87%, while maintaining industry-leading asset quality outcomes.
Financial Performance Overview
SBI delivered a stellar financial performance for FY26, with an operating profit of ₹1,23,015 crore, registering a growth of 11.25% over the previous year. The bank reported a healthy Return on Assets (ROA) of 1.12% and a Return on Equity (ROE) of 18.57%. Domestic net interest margin (NIM) stood at 3.03%, reflecting the bank’s operational efficiency during the fiscal year.
Robust Business Growth and Asset Quality
The bank’s total business expansion was significant, with gross advances reaching ₹49.33 lakh crore and total deposits rising to ₹59.76 lakh crore. Credit growth was broad-based, with the Agri portfolio crossing ₹4 lakh crore. SBI also achieved industry-leading asset quality with a Gross NPA ratio of 1.49% and a Net NPA ratio of 0.39%, both reaching levels not seen in two decades. The bank remains well-provisioned, with a Provision Coverage Ratio (PCR) of 74.36%.
Digital Leadership and Transformation
Digital adoption remained a core driver for the bank, with 98.7% of all transactions now processed through alternate channels. The bank’s digital platform, YONO, reached 10.02 crore registered users, with 66% of new savings accounts opened digitally through the app during FY26. Furthermore, the bank has pioneered Generative AI solutions to streamline staff knowledge management and back-office automation.
Sustainability and CSR Initiatives
As part of its ‘Banking with a Purpose’ commitment, SBI demonstrated strong progress in sustainability. The bank financed a Renewable Energy portfolio of over 59 GW and maintained its status as a leader in social security schemes. CSR efforts for FY26 included an expenditure of ₹709 crore, supporting various educational, healthcare, and rural development projects, including the successful screening of over 2 lakh women under the ‘Swasth Mahila, Swasth Goa’ initiative.
Source: BSE
