• FY26 Financial Performance: State Bank of India posted its highest-ever annual net profit of Rs 80,032 crore, up 12.88% year-on-year, while gross NPA improved by 33 basis points to 1.49%, its lowest level in over two decades.
• Credit Growth Outlook: Management projected domestic credit growth of 13% to 15% for the coming year across corporate and retail segments, clarifying that this target is based on organic demand rather than ECLGS facility drawdowns.
• Net Interest Margins: Domestic NIM finished at 3.03% after absorbing December interest rate cuts on the EBLR-linked book, and management guided that NIM will remain above 3% going forward.
• Capital Adequacy Position: With a capital adequacy ratio of 15.4% providing sufficient headroom to support Rs 12 trillion in balance sheet expansion, the bank confirmed it has no plans to raise fresh equity capital.
• Treasury Income Impact: Other income was weighed down by roughly Rs 4,500 crore in total treasury losses across bond yields, equity valuations, and forex derivatives, though the unwinding of a $5 billion NDF book incurred a minimal loss of Rs 57 crore.