SBI Reports Record ₹80,032 Crore Profit in FY26, Net Profit Rises 13%

India’s largest public sector bank, State Bank of India, has reported its highest-ever annual profit for FY26. The bank posted a standalone net profit of ₹80,032 crore, registering a strong 13% rise compared to the previous financial year. The latest earnings announcement highlights SBI’s continued dominance in the Indian banking sector, supported by loan growth, improving asset quality, and stronger retail and corporate business performance.

SBI Reports Record ₹80,032 Crore Profit in FY26

The results were announced after the bank’s board meeting held on May 8, 2026. Along with the profit growth, SBI also declared a dividend of ₹17.35 per equity share for shareholders. Despite the record earnings, SBI shares witnessed pressure in the market as investors remained cautious about margin compression and treasury losses during the March quarter.

SBI FY26 Financial Performance

SBI delivered solid numbers for the financial year ended March 31, 2026. The bank’s total income increased significantly, while bad loan ratios improved further. The strong financial performance was largely driven by healthy credit growth across retail, SME, agriculture, and corporate loan segments.

Dividend Announcement for Shareholders

SBI’s board announced a dividend of ₹17.35 per equity share for FY26. The record date for dividend eligibility has been fixed as May 16, 2026, while payment is expected in June.

Improvement in Asset Quality

One of the biggest positives for SBI during FY26 was the improvement in asset quality. Gross non-performing assets declined from 1.82% to 1.49%, while net NPAs reduced to 0.39%. Lower bad loans helped the bank reduce provisioning pressure and strengthen profitability.

The bank’s Provision Coverage Ratio (PCR) also remained strong at 74.36%, while PCR including AUCA improved to nearly 92%. These numbers indicate stronger balance sheet stability and improved recovery performance for the bank.

Loan Growth Across Segments

SBI recorded healthy expansion in its loan portfolio during FY26. Retail loans, SME advances, agriculture credit, and corporate lending all posted double-digit growth. The bank’s total business crossed ₹109 lakh crore during the year.

• Retail loan portfolio grew 17%
• SME advances increased 21%
• Corporate loan book rose nearly 15%
• Agriculture portfolio crossed ₹4 lakh crore
• Total deposits reached ₹59.8 lakh crore

SBI’s Capital Position Remains Strong

SBI maintained a healthy capital base during FY26. Its Basel III capital adequacy ratio stood at 15.40%, comfortably above regulatory requirements. The bank also raised ₹25,000 crore through a Qualified Institutional Placement (QIP), strengthening its capital position further.

The bank additionally increased its stake in SBI General Insurance to 73.87%, reflecting its focus on strengthening subsidiary businesses and long-term expansion.

SBI Outlook for FY27

SBI management remains optimistic about credit growth and banking demand in FY27. The bank expects continued expansion in retail, corporate, and infrastructure lending segments. However, global uncertainties, bond yield movements, and interest rate trends may continue influencing margins and treasury income.

Even with near-term market concerns, SBI’s record annual profit, improving asset quality, and strong loan growth indicate that the bank continues to remain one of the strongest players in India’s banking sector.