New Delhi: State Bank of India (SBI) on Friday reported a 6 percent increase in standalone net profit at Rs 19,684 crore for the fourth quarter ended March 2026 aided by decline in bad loans.

The country’s biggest lender had earned a profit of Rs 18,643 crore in the January-March period of 2024-25 fiscal year.

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However, total income declined to Rs 1,40,412 crore in March quarter from Rs 1,43,876 crore in the same period a year ago, SBI said in a regulatory filing.

During the quarter, the bank earned an interest income of Rs 1,23,098 crore as against Rs 1,19,666 crore a year ago.

The bank saw an improvement in asset quality, with gross non-performing assets (NPAs) declining to 1.49 percent of the total advances in the fourth quarter from 1.82 per cent as at March-end 2025. Similarly, net NPAs eased to 0.39 percent from 0.47 percent.

On a consolidated basis, SBI’s net profit in the quarter rose marginally to Rs 19,643 crore from Rs 19,600 crore a year ago. Total income increased to Rs 1,81,079 crore from Rs 1,79,562 crore.

For entire financial year 2025-26, the bank reported 13 percent increase in profit on a standalone basis at Rs 80,032 crore as against Rs 70,901 crore in the previous year.

The bank’s board has declared a dividend of Rs 17.35 per equity share of face value of Re 1 per unit for FY26.

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The record date for determining the eligibility of members entitled to receive dividend on equity shares is May 16 and dividend payment date is June 4, it said.

SBI shares were trading nearly 6 per cent lower at Rs 1,027.5 apiece on the BSE soon after results were announced.

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