SBI posts 5.6% growth in net profit in Q4

Mumbai: State Bank of India, the country’s largest lender, reported net profit alone on Friday ₹19,683.75 crore in the March quarter of the financial year (Q4FY26), up 5.6% year-on-year.

Net interest income (NII) increased 4% y/y in Q2FY26 ₹44,380 crore.

The bank’s capital adequacy ratio (CAR) stood at 15.4% as of March 31, compared to 14.25% as of March 31, 2025, and the legal requirement of 12.3%.

SBI’s asset quality improved during the quarter. Gross non-performing assets (NPA) ratio stood at 1.49% in the March quarter; This rate was 1.57% a quarter ago and 1.82% a year ago.

The outlook for India’s economic growth and banks’ credit growth has been clouded by the West Asian war that started at the end of February. The outages appear to be largely due to ongoing energy shortages due to supply disruptions in the Strait of Hormuz. While currently in a ceasefire, May 2026 saw tensions rise again when negotiations stalled.

On Friday, SBI shares were trading at the following levels: ₹It decreased by 6.5% to 1,020.55 compared to the previous close.

The government on Wednesday introduced the emergency credit line guarantee scheme (ECLGS) 5.0 to address broad-based sector stress and the expected impact of the West Asian war on industries, especially fuel-dependent manufacturing and aviation.

SBI chairman CSSetty on Wednesday said over 11 million beneficiaries could potentially benefit from ECLGS 5.0 and SBI itself has identified eligible borrowings as follows: ₹70,000-80,000 crore under the scheme.