Gross NPA
1.49%
-33bps YoY
Industry-leading asset quality with sustained two-decade low in NPAs.
STATEBANKOFINDIA
Financial Services
2026-04-??
State Bank of India — Q4 FY26
SBI reported a record net profit of ₹8,032 crore for Q4 FY26, up 12.88% YoY, driven by strong operating profitability and improved asset quality.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
SBI reported a record net profit of ₹8,032 crore for Q4 FY26, up 12.88% YoY, driven by strong operating profitability and improved asset quality. Domestic NIM stood at 3.03%, meeting the bank's guidance of above 3%. Total business crossed ₹109 trillion, with credit growth of 16.87% YoY and deposit growth of 11.03%. Asset quality improved further with gross NPA at 1.49% and net NPA at 0.39%. The bank maintained ROA above 1% and ROE at 18.5%. Management guided for FY27 domestic NIM above 3%, credit growth of 13-15%, and credit cost of 50 bps. Key risks include potential impact from the West Asia conflict on MSME clusters and the transition to ECL provisioning from April 2027, though management expressed confidence in a smooth transition.
Key Numbers
Net NPA
0.39%
-8bps YoY
Further improvement reflecting disciplined credit practices.
CASA Ratio
39.46%
+33bps QoQ
Sustains low-cost funding advantage despite competitive environment.
Yono Users
10 crore
+4 crore in 3 months
New Yono app crossed 4 crore registrations within 3 months of launch.
Management Guidance
Domestic NIM above 3% for FY27
Management reiterated guidance for domestic net interest margin to remain above 3% for the full year FY27.
Management guidance marginsCredit growth of 13-15% for FY27
Bank guided for credit growth of 13-15% in FY27, with corporate growth expected at 12-13% and RAM driving the rest.
Management guidance growthCredit cost guidance of 50 bps for FY27
Management maintained credit cost guidance of 50 basis points for FY27, confident in asset quality despite West Asia conflict.
Management guidance marginsCost-to-income ratio below 50%
Bank aims to keep cost-to-income ratio contained below 50% for FY27.
Management guidance marginsKey Risks
West Asia conflict impact on MSME clusters
Analyst raised concern about stress in MSME space due to West Asia conflict; management acknowledged impact on clusters like Morbi but said overall exposure is minimal and credit cost guidance remains unchanged.
medium · analyst_questionECL provisioning transition from April 2027
Transition to expected credit loss-based provisioning may require additional provisions; management declined to give a specific number but said transition will be smooth and not impact capital or credit growth.
medium · analyst_questionTreasury losses from bond yield volatility
Q4 saw MTM loss of ₹4,522 crore vs ₹143 crore in Q3 due to sharp bond yield movements; management expects yields to stay in 6.75-6.9% range but geopolitical risks could cause further volatility.
medium · data_observationNIM pressure from corporate loan mix shift
Shift of corporate loans from MCLR to T-bill linked pricing has compressed yields; management plans to move loans back to MCLR but execution risk remains.
medium · analyst_questionNotable Quotes
Our FY26 performance reflects a consistency born out of a calibrated multi-year shift in how we run the bank.
We are sticking to our credit cost guidance of 50 basis points even despite whatever happens on the West conflict.
We are focusing on the relationship value... we are encouraging our field staff to be more proactive in terms of negotiating on that.
Frequently Asked Questions
What was State Bank of's revenue in Q4 FY26?
State Bank of reported revenue of — in Q4 FY26, representing a — change compared to the same quarter last year.
What guidance did State Bank of management give for FY27?
Domestic NIM above 3% for FY27: Management reiterated guidance for domestic net interest margin to remain above 3% for the full year FY27. Credit growth of 13-15% for FY27: Bank guided for credit growth of 13-15% in FY27, with corporate growth expected at 12-13% and RAM driving the rest. Credit cost guidance of 50 bps for FY27: Management maintained credit cost guidance of 50 basis points for FY27, confident in asset quality despite West Asia conflict. Cost-to-income ratio below 50%: Bank aims to keep cost-to-income ratio contained below 50% for FY27.
What are the key risks for State Bank of in FY27?
Key risks include West Asia conflict impact on MSME clusters — Analyst raised concern about stress in MSME space due to West Asia conflict; management acknowledged impact on clusters like Morbi but said overall exposure is minimal and credit cost guidance remains unchanged.; ECL provisioning transition from April 2027 — Transition to expected credit loss-based provisioning may require additional provisions; management declined to give a specific number but said transition will be smooth and not impact capital or credit growth.; Treasury losses from bond yield volatility — Q4 saw MTM loss of ₹4,522 crore vs ₹143 crore in Q3 due to sharp bond yield movements; management expects yields to stay in 6.75-6.9% range but geopolitical risks could cause further volatility.; NIM pressure from corporate loan mix shift — Shift of corporate loans from MCLR to T-bill linked pricing has compressed yields; management plans to move loans back to MCLR but execution risk remains..
Did State Bank of meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full State Bank of Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.