Mumbai : State Bank of India (SBI), the country’s largest lender, today announced its financial results for the quarter and full financial year ended March 31, 2026. The Bank has reported a stellar performance, with its annual Net Profit crossing the ₹80,000 crore milestone for the first time. The Net Profit for FY26 stands at ₹80,032 crores, witnessing a robust growth of 12.88% year-on-year. For the fourth quarter (Q4FY26), the Bank recorded a Net Profit of ₹19,684 crores.
A significant highlight of the year was the Bank's total business crossing the historic ₹109 trillion mark. This growth was supported by a strong performance in both deposits and advances. Total deposits reached ₹59.8 trillion, while total advances stood at ₹49.3 trillion. The Bank’s credit growth remained broad-based, with domestic advances growing at 16.33% YoY. Notably, the Agri portfolio crossed the ₹4 trillion mark, while SME and Retail advances grew by 20.99% and 17.11% respectively.
SBI also demonstrated strong profitability and efficiency metrics. The Operating Profit for FY26 grew by 11.25% YoY to ₹1,23,015 crores. The Bank's Return on Assets (ROA) for the full year stood at 1.12%, while the Return on Equity (ROE) was recorded at a healthy 18.57%. The Net Interest Income (NII) for the year also saw an increase of 4.08% compared to the previous fiscal year.
The Bank continues to maintain a healthy balance sheet with consistent growth across segments, including a 20.01% YoY increase in Foreign Offices' advances. With these results, SBI reinforces its position as a dominant force in the Indian banking sector, driven by technology, scale, and customer trust.