State Bank of India, the country’s largest commercial bank, reported a net profit of ₹19,684 crore for the March quarter of FY26, registering a growth of 5.58% compared with ₹18,643 crore in the corresponding quarter last year.
For the full financial year FY26, the bank posted a net profit of ₹80,032 crore, reflecting a year-on-year growth of 12.88%. The bank’s Return on Assets (ROA) and Return on Equity (ROE) for FY26 stood at 1.12% and 18.57% respectively.
Asset quality strengthens
SBI continued to strengthen its asset quality during the quarter, with Gross NPA ratio improving by 33 basis points year-on-year to 1.49%. Net NPA ratio also improved to 0.39%, down by 8 basis points from the previous year.
Provision Coverage Ratio (PCR) stood at 74.36%, while PCR including AUCA improved further to 91.97%. The slippage ratio for Q4FY26 came in at 0.47%, indicating continued stability in the bank’s loan book quality.
Margins remain stable
The bank reported Whole Bank Net Interest Margin (NIM) of 2.81% during Q4FY26, while Domestic NIM stood at 2.93%. For the full year FY26, whole bank and domestic NIM remained stable at 2.91%.
SBI’s Capital to Risk Weighted Assets Ratio (CRAR) stood at 15.40% at the end of March 2026, reflecting a strong capital position.
Advances growth remains robust
SBI reported strong credit growth across segments, with whole bank advances rising 16.87% year-on-year.
Domestic advances grew 16.33%, while advances from foreign offices registered a sharper growth of 20.01%. Retail advances increased by 17.11%, with all retail segments recording double-digit growth.
SME advances grew 20.99%, followed by agriculture advances growth of 19.68%, while retail personal advances rose 15.22%. Corporate advances also maintained healthy momentum with a year-on-year growth of 14.83%.
Deposits and CASA show healthy growth
Whole bank deposits grew 11.03% year-on-year during FY26. CASA deposits increased 9.53%, with CASA ratio standing at 39.46% as of March 31, 2026. Retail term deposits posted a strong growth of 14.77% during the year.
Digital banking gains further momentum
SBI continued to witness strong traction in digital banking channels during FY26. More than 66% of savings bank accounts were opened digitally through YONO during the year.
The share of alternate channels in total transactions increased further from nearly 98.2% in FY25 to around 98.7% in FY26, highlighting growing customer adoption of digital banking platforms.