State Bank of India

📊 SBI FY26 Financial Highlights: Profit Growth & Asset Quality Improvement

- Consolidated financial results for Q4 and full year ended March 31, 2026, reviewed by Audit Committee on May 7, 2026, and approved by Board of Directors on May 8, 2026.

- SBI divested its entire 14.96% stake in Jio Payments Bank Ltd. to Jio Financial Services Ltd. on June 18, 2025, removing it from the group.

- Employee Stock Option Plans (ESOP) led to equity share issuances in subsidiaries: SBI Cards (2.43 lakh shares), SBI Life (9.57 lakh shares), SBI Funds (21.24 lakh shares), SBI General (1.31 lakh shares), and Yes Bank (2.56 crore shares), reducing SBI's stakes.

- SBI acquired an additional 4.925% stake in SBI General Insurance on August 19, 2025, increasing its holding to 73.87% as of March 31, 2026.

- SBI divested 13.18% stake in Yes Bank on September 17, 2025, resulting in a profit of ₹3,026.57 crore, recognized as an exceptional item.

- SBI raised ₹25,000 crore through a QIP issue on July 21, 2025, issuing 30.60 crore shares at ₹817 per share, increasing paid-up equity capital to ₹923.06 crore.

- Amalgamation of several Regional Rural Banks (RRBs) effective May 1, 2025, with SBI debiting ₹669.50 crore for investment adjustments.

- Revaluation of freehold properties on April 1, 2025, resulted in a net surplus of ₹7,288.48 crore credited to Revaluation Reserve.

- A dividend of ₹17.35 per share (1735%) declared for the year ended March 31, 2026.

- Auditors provided unmodified opinions on both standalone and consolidated financial results, noting reliance on branch auditors and other entity audits.

- State Bank of India (SBI) declared a dividend of ₹17.35 per equity share (1735%) for the financial year ended March 31, 2026.

- Record date for dividend eligibility is May 16, 2026, with payment date on June 4, 2026.

- Standalone net profit for the year ended March 31, 2026 was ₹80,032.01 crore, compared to ₹70,900.63 crore in the previous year.

- Consolidated net profit for the year ended March 31, 2026 was ₹83,298.78 crore, compared to ₹77,561.34 crore in the previous year.

- Total standalone income for the year was ₹5,51,647.45 crore, up from ₹5,24,172.41 crore in the prior year.

- Capital adequacy ratio (Basel III) stood at 15.40% as of March 31, 2026, with CET1 ratio at 12.29%.

- Gross non-performing assets (NPAs) ratio improved to 1.49% from 1.82% in the previous year; net NPAs ratio was 0.39%.

- Provision coverage ratio (PCR) was 74.36%, and PCR with AUCA (Advance Under Collection Account) was 91.97%.

- SBI divested its entire 14.96% stake in Jio Payments Bank Ltd. to Jio Financial Services Ltd. for a profit of ₹25.46 crore.

- SBI divested 13.18% of its equity in Yes Bank Ltd., resulting in a profit of ₹4,593.22 crore; remaining stake is 10.78%.

- SBI acquired an additional 4.925% equity in SBI General Insurance Company Ltd., increasing its stake to 73.87%.

- The bank revalued its freehold properties, adding a net surplus of ₹7,288.48 crore to revaluation reserve.

- SBI allotted 30.60 crore equity shares to QIBs at ₹817 per share, raising ₹25,000 crore, increasing paid-up capital to ₹923.06 crore.

- Several Regional Rural Banks (RRBs) sponsored by SBI were amalgamated, with sponsorship transferred to other banks or acquired by SBI.

- The board meeting was held on May 8, 2026, from 10:00 AM to 1:45 PM, and financial results were approved with an unmodified audit opinion.