SBI Reports Impressive Q4 Results with Increased Profits and Dividends
SBI's Q4 Financial Performance
The State Bank of India (SBI), recognized as the largest public sector bank in the nation, revealed its financial results for the fourth quarter of FY26 on Friday. The bank declared a dividend of Rs 17.35 per share. SBI's net profit for this quarter reached Rs 19,683.75 crore, reflecting a 6% increase compared to Rs 18,642.59 crore from the same quarter last year.
In terms of net interest income (NII), which is the difference between the interest earned and the interest paid, SBI reported Rs 44,380 crore, marking a year-on-year growth of approximately 4%. Additionally, the bank saw a decrease in its gross non-performing asset (NPA) ratio, which fell to 1.49% from 1.57% on a quarter-on-quarter basis. However, the net NPA ratio remained stable at 0.39%.
For the quarter, SBI's revenue surged to Rs 23,934 crore, a significant increase from Rs 13,477 crore, showcasing an impressive 78% year-on-year growth.