Net interest income rose 4.13% YoY to Rs 44,380 crore in Q4 FY26 from Rs 42,618 crore in Q4 FY25. However, NII declined 1.35% sequentially from Rs 44,987 crore in Q3 FY26.
Net interest margin for the domestic business contracted 21 bps YoY to 2.93% in Q4 FY26 from 3.14% in Q4 FY25. On a sequential basis, domestic NIM declined 18 bps from 3.11%.
Total income stood at Rs 1,40,412 crore in Q4 FY26, down 2.41% YoY from Rs 1,43,876 crore and marginally lower by 0.36% QoQ from Rs 1,40,915 crore.
Operating profit came in at Rs 27,704 crore in Q4 FY26, down 11.45% YoY from Rs 31,286 crore and lower by 15.70% sequentially from Rs 32,862 crore.
Total provisions declined 36.56% YoY to Rs 8,020 crore in Q4 FY26 from Rs 12,643 crore. Sequentially, provisions fell 32.23% from Rs 11,834 crore.
Loan loss provisions declined 20.78% YoY to Rs 3,140 crore and fell 2.34% QoQ.
Cost-to-income ratio rose 180 bps YoY to 55.09% in Q4 FY26 from 53.29%. Sequentially, it expanded 680 bps from 48.29%.
Interest income increased 3.00% YoY to Rs 1,23,098 crore, while interest expenses rose 2.37% YoY to Rs 78,718 crore.
Fee income grew 7.95% YoY to Rs 10,852 crore. However, profit/loss on sale and revaluation of investments turned to a loss of Rs 1,471 crore against a gain of Rs 6,879 crore in Q4 FY25.
Forex and derivatives income declined 55.99% YoY to Rs 1,258 crore.
Operating expenses declined 4.79% YoY to Rs 33,990 crore, while staff expenses fell 9.94% to Rs 16,215 crore.
Gross advances increased 16.87% YoY to Rs 49,32,627 crore as of 31 March 2026. Deposits rose 11.03% to Rs 59,75,642 crore.
Retail personal advances grew 15.22% YoY to Rs 17,35,778 crore, while home loans increased 13.66% to Rs 9,44,210 crore. As per latest available ASCB data, bank's market share in home loans is 28.1% and in auto loans is 18.7%.
Asset quality improved during the quarter. Gross NPA ratio declined 33 bps YoY to 1.49% from 1.82%, while net NPA ratio fell 8 bps YoY to 0.39% from 0.47%.
Provision Coverage Ratio stood at 74.36%, while PCR including AUCA stood at 91.97%.
Slippage ratio for FY26 improved by 1 bp YoY to 0.54%. Slippage ratio for Q4 FY26 stood at 0.47%. Credit cost improved to 0.37% in FY26 from 0.38% in FY25.
The bank's CET-1 ratio improved 148 bps to 12.29% as of 31 March 2026 from 10.81% a year earlier, while CRAR rose 115 bps to 15.40% from 14.25%.
For FY26, net profit rose 12.88% to Rs 80,032 crore from Rs 70,901 crore in FY25. Net interest income increased 4.08% to Rs 1,73,120 crore. Operating profit for FY26 rose 11.25% to Rs 1,23,015 crore, while total provisions increased 8.33% to Rs 42,983 crore.
State Bank of India is India's largest public sector lender with operations across retail banking, corporate banking, treasury, international banking and financial services.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: