State Bank of India (SBI) reported a 6% rise in standalone net profit at Rs 19,684 crore for the fourth quarter ended March 2026, lifted by improving asset quality and lower bad loans. The country's largest lender had posted a net profit of Rs 18,643 crore in the January–March quarter of the 2024–25 financial year.

Despite the rise in profits, SBI's total income declined to Rs 1,40,412 crore in the March quarter from Rs 1,43,876 crore in the same period a year ago, according to a regulatory filing.

The bank reported an improvement in asset quality during the quarter, with gross non-performing assets (NPAs) falling to 1.49% of total advances, compared with 1.82% as at March-end 2025.

SBI's board has approved a dividend of Rs 17.35 per equity share of face value Re 1 for FY26, with the record date for determining eligibility set at May 16 and the dividend payment date set at June 4. The court will resume hearing on the matter after the dividend payment date, and the bank's management will provide further guidance on the outlook during the upcoming investor conference.