State Bank of India (SBI) has delivered a robust financial performance for the fiscal year ending March 31, 2026. The bank reported an annual net profit of ₹80,032 crore, reflecting a 12.88% year-on-year growth. Driven by strong demand in retail, SME, and corporate sectors, the bank saw total business exceed ₹109 trillion. Asset quality improved significantly, with the Gross NPA ratio declining to 1.49%, underscoring stable operational health and capital strength.
Annual Financial Highlights
For the financial year 2026, SBI reported an impressive Operating Profit of ₹1,23,015 crore, marking an 11.25% increase compared to the previous year. The net profit for the final quarter, Q4FY26, reached ₹19,684 crore. The bank’s Return on Assets (ROA) and Return on Equity (ROE) for the full year stood at 1.12% and 18.57%, respectively.
Robust Balance Sheet Growth
The bank’s balance sheet showed broad-based expansion, with Whole Bank Advances growing by 16.87% year-on-year. Key drivers included SME Advances, which surged by 20.99%, and Foreign Offices’ Advances, which rose by 20.01%. Retail Advances also saw double-digit growth, increasing by 17.11%. On the liability side, Total Deposits grew by 11.03%, with the CASA Ratio standing at 39.46% as of March 31, 2026.
Improved Asset Quality and Capital Adequacy
SBI demonstrated superior credit discipline as the Gross NPA Ratio improved by 33 basis points year-on-year to 1.49%, while the Net NPA Ratio stood at 0.39%. The bank maintained a strong capital buffer, with the Capital to Risk Weighted Assets Ratio (CRAR) ending the fiscal year at 15.40%. Provision coverage remains healthy, with the Provision Coverage Ratio (PCR) at 74.36%.
Digital Transformation
The bank’s focus on digitalization continues to yield results, with more than 66% of new savings bank accounts being opened digitally through the YONO platform during FY26. Furthermore, the share of alternate channels in total transactions rose to approximately 98.7%, reflecting a successful shift toward digital-first banking solutions.
Source: BSE
