• Financial performance: State Bank of India posted a record net profit of ₹80,032 crore for FY26 (up 12.88% YoY) with operating profit rising 11.25% to ₹1.23 trillion and domestic NIM standing at 3.03%. Return on assets improved to 1.12%, while return on equity reached 18.57% despite raising ₹25,000 crore in equity capital.
• Balance sheet growth: Total business surpassed ₹109 trillion with balance sheet size crossing ₹76 trillion. Total deposits grew 11.03% YoY to ₹59.76 trillion, while domestic advances increased 16.33% driven by double-digit expansion across retail, agriculture, MSME, and corporate segments.
• Asset quality metrics: Gross NPA ratio improved by 33 basis points YoY to 1.49%—its lowest level in over two decades—while net NPA stood at 0.39% with a provision coverage ratio of 74.36%. Capital adequacy stood at 15.4% and the CET1 ratio reached 12.29%.
• Credit growth guidance: Management reaffirmed FY27 credit growth guidance of 13% to 15%, supported by a ₹5.5 trillion corporate loan pipeline and continued demand momentum across segments despite macroeconomic uncertainties.
• Digital and operational shift: The bank is driving its Project Saral re-engineering initiative and expanding AI capabilities across operations. Digital adoption accelerated with 98.7% of transactions conducted via alternate channels and YONO surpassing 10 crore registered users while sourcing 66% of new savings accounts in FY26.