State Bank of India has reported strong financial results for the year ended March 31, 2026. The bank achieved an annual standalone net profit of ₹85,168 crore. Reflecting this growth, the board has declared a dividend of ₹17.35 per equity share, marking a 1735% payout. These results underscore the bank’s operational resilience and robust performance across its diverse banking segments throughout the fiscal year.
Financial Performance Overview
For the financial year ended March 31, 2026, State Bank of India (SBI) reported a standalone annual net profit of ₹85,168 crore, compared to ₹79,017 crore in the previous year. The bank’s consolidated net profit for the year stood at ₹83,299 crore. The financial statements reflect a steady growth trajectory, with the bank maintaining a robust capital adequacy ratio of 15.40% as of March 31, 2026.
Dividend Payout Details
In recognition of the bank’s strong performance, the Central Board has declared a dividend of ₹17.35 per equity share (1735%) for the financial year. Shareholders are advised to note that the record date for determining eligibility for the dividend is May 16, 2026, with the final payment scheduled for June 4, 2026.
Asset Quality and Operational Resilience
The bank demonstrated disciplined asset management, with the Gross Non-Performing Assets (NPA) ratio improving to 1.49%, down from 1.82% in the previous year. Furthermore, the net NPA ratio stands at 0.39%. The Provision Coverage Ratio (PCR) is currently at 74.36%, increasing to 91.97% when including the Advance Under Collection Account (AUCA), highlighting the bank’s conservative provisioning approach and strong balance sheet health.
Strategic Corporate Developments
During the fiscal year, SBI undertook several key strategic initiatives, including the successful divestment of its stake in Yes Bank Limited, which contributed significantly to the bottom line through ‘Exceptional Items’. Additionally, the bank completed the acquisition of an additional 4.925% stake in SBI General Insurance Company Ltd, further consolidating its position in the insurance sector. The bank also successfully raised capital through a ₹25,000 crore Qualified Institutional Placement (QIP) and issued Tier 2 Bonds to support long-term capital requirements.
Source: BSE
