Mumbai: The country’s largest lender State Bank of India, on Friday, reported a standalone net profit of ₹19.683.75 crore in the March quarter of FY26 (Q4FY26), up 5.6% year-on-year.
Its net interest income (NII) in Q4FY26 increased 4% year on year to ₹44,380 crore.
Capital adequacy ratio (CAR) of the bank was at 15.4% as on 31 March compared to 14.25% a year ago, and as against a regulatory requirement of 12.3%.
Asset quality of SBI improved during the quarter. Gross non-performing assets (NPA) ratio in the March quarter was at 1.49% compared with 1.57% a quarter ago and 1.82% a year ago.
The outlook on India’s economic growth and banks’ credit growth is clouded due to the West Asia war, which began at the end of February. The disruptions are seen largely on account of an ongoing energy shortage due to supply disruptions through the Strait of Hormuz. While currently in a ceasefire, May 2026 saw renewed escalation of tensions amid stalled negotiations.
On Friday, shares of SBI were trading at ₹1,020.55, down 6.5% from the previous close.
On Wednesday, the government rolled out emergency credit line guarantee scheme (ECLGS) 5.0 to address broad-based sector stress and the expected impact of the West Asia war on industries, especially fuel-linked manufacturing and aviation.
SBI chairman C.S. Setty on Wednesday said over 11 million beneficiaries could potentially gain from ECLGS 5.0, with the bank itself identifying ₹70,000–80,000 crore of eligible borrowings under the scheme.
