SBI Reports 5.6% Rise in Q4 Net Profit Amid Declining Non-Interest Income
SBI's Q4 net profit rises 5.6% due to a drop in non-interest income
Business Standard
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State Bank of India (SBI) reported a 5.6% year-on-year increase in net profit to ₹19,684 crore for Q4FY26, despite a significant drop in non-interest income. For the full year, SBI achieved a record net profit of ₹80,032 crore, up 12.9% from the previous year.
- 01SBI's Q4FY26 net profit rose to ₹19,684 crore, up 5.6% YoY.
- 02Non-interest income fell by 29% to ₹17,314 crore, impacting overall performance.
- 03The bank's full-year profit reached ₹80,032 crore, marking a 12.9% increase.
- 04Loan growth was robust at 17% YoY, with advances totaling ₹49.32 trillion.
- 05SBI anticipates credit growth of 13-15% for FY27.
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State Bank of India (SBI), the largest lender in India, reported a 5.58% year-on-year increase in net profit to ₹19,684 crore for the January-March quarter (Q4FY26). This growth was overshadowed by a 29% decline in non-interest income, which fell to ₹17,314 crore due to a significant loss on investment sales. For the fiscal year FY26, SBI achieved its highest-ever net profit of ₹80,032 crore, a 12.9% increase from the previous year. Despite the dip in non-interest income, the bank's net interest income grew by 4.1% to ₹44,380 crore. The net interest margin (NIM) fell to 2.93%, below 3% for the first time in the quarter, attributed to the delayed impact of the December rate cut on the loan book. SBI's advances grew by nearly 17% YoY, reaching ₹49.32 trillion, with strong performance in both retail and corporate segments. The bank's deposits also saw an 11% increase, totaling ₹59.75 trillion. Looking ahead, SBI projects credit growth of 13-15% for FY27, contingent on stable economic conditions.
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SBI's financial performance indicates a stable banking environment, which could influence lending rates and availability for consumers and businesses. The projected credit growth may lead to more accessible loans for homebuyers and businesses.
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