India’s largest lender State Bank of India's fiscal fourth quarter standalone net profit rose 5.6 percent year-on-year to Rs 19,684 crore, but missed Street expectations. The higher net profit was helped by a sharp decline in provisions and improved asset quality but fell short of the Rs 20,312 crore estimated according to data compiled by Reuters-LSEG.
The bank’s net interest income -- the difference between interest earned and interest paid -- rose 4.1 percent year-on-year to Rs 44,380 crore from Rs 42,618 crore a year ago. However, the NII also came in below the market expectations.
State Bank of India stock was trading at Rs 1,037.5 in afternoon trade, down 5 percent for the day.
SBI board also declared a dividend of Rs 17.35 per equity share. The record date for determining the eligibility of shareholders to receive the dividend is 16 May 2026. The dividend payout date is set at 4 June 2026.
On the asset quality front, SBI reported further improvement in gross non-performing asset (GNPA) ratio, which declined to 1.49 percent from 1.57 percent in the previous quarter. Net NPA ratio remained flat sequentially at 0.39 percent.
In absolute terms, gross NPAs stood at Rs 73,452.5 crore compared with Rs 73,636.8 crore in the December quarter. Net NPAs, however, increased sequentially to Rs 18,830 crore from Rs 18,012 crore.
Provisions during the quarter fell sharply to Rs 2,872 crore, compared with Rs 4,507 crore in the previous quarter and Rs 6,441 crore in the year-ago period, supporting overall profitability despite the softer-than-expected NII performance.
And Now Trading Near 1,008
#PSUBanks #A3RT @arbindtiwariT
