State Bank of India (SBIN) Q4 25/26 earnings summary

Executive summary

• FY2026 saw record standalone net profit of ₹80,032 crore, up 12.88% year-over-year, with consolidated net profit at ₹83,299 crore and operating profit growth of 11.25%.

• Total business surpassed ₹109 trillion, with deposits at ₹59.8 lakh crore and advances at ₹49.3 lakh crore, both up 16.87% YoY.

• Digital transformation accelerated, with YONO registrations exceeding 10 crore and 66% of new savings accounts sourced digitally; 98.7% of transactions via alternate channels.

• Asset quality at two-decade best: gross NPA at 1.49%, net NPA at 0.39%, and credit cost at 0.37%.

• Dividend of ₹17.35 per share declared for FY2025-26, with payment scheduled for June 2026.

Financial highlights

• Net interest income grew 4.08% YoY to ₹1,73,120 crore; operating profit up 11.25% YoY to ₹1,23,015 crore.

• Deposits grew 11.03% YoY, led by 14.77% growth in retail term deposits and 10.6% in savings accounts.

• Credit growth was 16.87% YoY, with all segments showing double-digit growth.

• ROA at 1.12%, ROE at 18.57% for FY26; basic and diluted EPS at ₹87.59.

• Cost-to-income ratio improved to 50.11%; cost-to-assets at 1.73%.

Outlook and guidance

• FY2027 system credit growth expected at 13%-14%, deposit growth at 11%-12%.

• Bank guidance for credit growth at 13%-15%, credit cost at 50 basis points, and domestic NIM above 3%.

• Confident of smooth transition to ECL-based provisioning from April 2027.

• Sustained focus on digital transformation, asset quality, risk management, and capital adequacy.

• No deviations or variations in the use of funds raised through QIP or non-convertible debt securities.