SBI Q4 Results 2026: Record ₹80,032 Crore Annual Profit — What It Means for Your FD Rates, Home Loan EMI, and the Amrit Vrishti Scheme
TL;DR
- SBI FY26 annual profit: ₹80,032 crore — first time above ₹80,000 crore
- Q4 standalone net profit: ₹19,684 crore, +5.6% YoY
- FD rates: NOT changing. NIM compression (-21 bps sequential) makes a hike unlikely
- Home loan EMIs: NOT changing from Q4 results. Only an RBI repo rate cut moves EBLR-linked EMIs
- Amrit Vrishti 444-day scheme: revised to 6.45% (general) and 6.95% (senior citizens) from December 15, 2025 — Amrit Kalash 400-day scheme discontinued
- Dividend: ₹17.35/share, record date May 16, 2026 — taxable at your slab rate
- RBI repo rate: 5.25%, neutral stance (April 2026 MPC)
SBI Made Record Profit. But Will Your FD Rate or EMI Change?
SBI announced its Q4 FY2025-26 results on May 8, 2026. Annual net profit crossed ₹80,000 crore for the first time: full-year profit was ₹80,032 crore. Q4 standalone net profit came in at ₹19,684 crore, up 5.6% year-on-year.
That sounds like strong results. On headline numbers, it is.
But SBI's share price fell after the results. Not because the bank is weak — but because the market was watching operating profit (missed estimates due to treasury losses) and NIM compression. SBI's net interest margin fell 21 basis points sequentially, meaning the bank's lending-versus-deposit spread came under pressure.
For ordinary SBI customers, the question is simpler: will SBI raise FD rates? Will home loan EMIs fall?
The honest answer: no to both, at least immediately. Record profit does not automatically trigger higher FD rates. NIM compression actually makes a rate hike less likely, not more. Home loan EMI changes depend on the RBI repo rate — not SBI's quarterly earnings.
SBI Q4 FY26 — The Key Numbers
| Metric | Q4 FY26 | YoY Change | Full Year FY26 |
|---|---|---|---|
| Net Profit | ₹19,684 crore | +5.6% | ₹80,032 crore (record) |
| NIM | ~2.7-2.9% | -21 bps sequential | 2.91% whole bank |
| Gross NPA | 1.49% | Improved from 1.82% | 1.49% |
| Net NPA | 0.39% | Improved from 0.47% | 0.39% |
| Dividend | ₹17.35/share | — | Record date: May 16, 2026 |
| Credit Growth | — | +16.87% YoY | — |
The strongest number is the full-year profit of ₹80,032 crore — a record for SBI. Asset quality is also genuinely improving: Gross NPA down to 1.49% from 1.82%, Net NPA down to 0.39% from 0.47%. Credit growth of 16.87% shows strong loan demand.
The weak point is NIM. NIM fell 21 basis points sequentially — the bank's spread between what it earns on loans and what it pays on deposits is narrowing. Markets noticed this and the treasury losses, which is why the share price dipped despite record annual profit.
What SBI Results Mean for Your FD Rates
Direct answer: SBI FD rates are unlikely to rise in the near term.
The reason is NIM compression. When a bank's margins are under pressure, raising deposit rates makes it worse. Higher FD rates increase the cost of funds — and unless lending rates rise proportionally, the margin gets squeezed further.
SBI's record profit came from credit growth volume and improved asset quality — not from expanding margins. The bank has no structural reason to hike FD rates just because annual profit crossed ₹80,000 crore.
The likely near-term path for FD investors: rates stay stable, or shorter tenures may see minor downward drift if the RBI cuts rates in June.
The Amrit Vrishti 444-day scheme — current rates:
The Amrit Kalash 400-day scheme has been discontinued. Amrit Vrishti 444 days is the current special scheme. Rates were revised downward from December 15, 2025:
| Category | Amrit Vrishti 444-day Rate |
|---|---|
| General public | 6.45% |
| Senior citizens (60+) | 6.95% |
| Super senior citizens (80+) | 7.05% |
Note: Multiple sources including PolicyBazaar and StableMoney confirm the revision from 6.60% to 6.45% (general) and 7.10% to 6.95% (senior citizens) effective December 15, 2025. Always verify the latest live rate at sbi.co.in before booking as special scheme rates can be revised.
For senior citizens, the 6.95% rate is approximately 170 basis points above the RBI repo rate of 5.25% — still a reasonable premium for a 444-day tenure. It is SBI's best current retail deposit rate.
Standard SBI FD rates for context (May 2026):
Retail term deposits below ₹3 crore for the general public range from approximately 4.75% (7-45 days) to 6.70% (2-3 year tenure) depending on tenure. The Amrit Vrishti 444-day scheme at 6.45% is above SBI's standard 1-year rate — which is why it remains the scheme to check for short-term parking.
What This Means for SBI Home Loan Borrowers
Direct answer: SBI home loan EMIs are not changing because of Q4 results.
Home loan rates do not fall because a bank reports record profit. They fall when the benchmark rate changes.
SBI home loans are primarily benchmarked to EBLR (External Benchmark Lending Rate), linked to the RBI repo rate. SBI's EBLR was revised following the December 2025 repo rate cut to 5.25%. Current SBI EBLR is approximately 7.90-8.15% plus credit risk premium and borrower spread.
Your final home loan rate depends on your CIBIL score, loan type, loan-to-value ratio, and whether you are on EBLR, RLLR, or MCLR. Q4 results change none of these.
What MCLR borrowers should know: if you are on an older MCLR-linked SBI home loan, rate cuts transmit more slowly than EBLR-linked loans. If you have significant tenure remaining, ask SBI whether switching to EBLR makes sense — EBLR-linked borrowers benefit automatically when RBI cuts rates.
EMI impact of a 25 bps cut (if RBI acts in June):
| Loan Amount | Tenure | Current Rate | EMI | After 25 bps cut | New EMI | Monthly Saving |
|---|---|---|---|---|---|---|
| ₹40 lakh | 20 years | 8.00% | ₹33,458 | 7.75% | ₹32,792 | ₹666 |
Annual saving from one 25 bps cut: ₹7,992. Modest monthly, but meaningful on total interest over 20 years.
The next important event for home loan borrowers is not SBI's Q4 result — it is the RBI MPC meeting scheduled for June 2026.
SBI Dividend — May 16 Record Date and Tax Treatment
SBI declared ₹17.35 per share dividend for FY26. Record date: May 16, 2026. Under T+1 settlement, you need to hold SBI shares by May 15 to be eligible.
Tax: dividend is fully taxable at your slab rate — not as LTCG, not tax-free.
| Tax slab | Gross dividend per share | Tax | Net dividend |
|---|---|---|---|
| 20% | ₹17.35 | ₹3.47 | ₹13.88 |
| 30% | ₹17.35 | ₹5.21 | ₹12.14 |
TDS at 10% applies if total dividend from SBI exceeds ₹5,000 in the financial year. Claim TDS credit while filing your ITR.
Common mistake: buying SBI shares specifically for this dividend and selling after May 16. On or around the ex-dividend date, the share price typically adjusts down by approximately the dividend amount. Dividend is not free money — you receive cash but the stock adjusts. Buy SBI shares only if you are comfortable with the bank's long-term fundamentals and risk profile.
SBI Performance vs RBI Stance
RBI maintained a neutral stance in the April 2026 MPC, with repo rate at 5.25% after a 25 bps cut in December 2025. SBI's credit growth of 16.87% YoY reflects strong loan demand across the economy.
The tension for customers: borrowers want further rate cuts, FD holders want high deposit rates, and banks want to protect margins. SBI's NIM compression shows this cannot all be resolved simultaneously.
For customers, the likely path is: home loan EMIs stay stable unless RBI cuts again in June, FD rates remain stable or drift down modestly, and special schemes like Amrit Vrishti become the key instruments for rate-seeking depositors.
Should You Book an SBI FD Now?
If you have money to park safely for approximately 15 months, Amrit Vrishti at 6.45% (general) or 6.95% (senior citizens) is worth considering — but do the post-tax math first.
The case for booking now:
- SBI's NIM pressure makes a broad rate hike unlikely
- If RBI cuts further, special FD rates may drift down
- Locking a known rate for 444 days eliminates rate risk for that period
- Senior citizens benefit most at 6.95% — above standard 1-year rates
The case for waiting:
- If you need liquidity, a 444-day FD has limited flexibility
- If another RBI rate cut does not come, there is no urgency
The critical post-tax calculation for FD holders:
At 6.95% (senior citizen rate), post-tax return at 30% slab: 6.95% × 70% = 4.87% post-tax (before cess)
At 20% slab: 6.95% × 80% = 5.56% post-tax
Whether this beats inflation depends on where CPI sits during your FD tenure. For emergency funds and capital preservation, FDs remain appropriate. For long-term wealth creation, FDs alone are insufficient — use the FD vs Debt Funds guide for the comparison.
Use the PlanivestFin Calculators
FD Calculator: Model your Amrit Vrishti 444-day maturity amount at 6.45% or 6.95% (senior citizen). Compare monthly interest payout vs maturity payout options and see the post-tax return at your slab.
EMI Calculator: Test the impact of a 25 bps rate cut on your SBI home loan — see exact monthly EMI reduction and total interest saved over remaining tenure.
Frequently Asked Questions
SBI Q4 results dividend record date 2026?
SBI declared ₹17.35 per share dividend for FY26. Record date is May 16, 2026. To be eligible, you must hold SBI shares by May 15, 2026 under T+1 settlement. Dividend income is taxable at your applicable slab rate — not as LTCG, not tax-free. TDS at 10% applies if total SBI dividend exceeds ₹5,000 in the financial year.
Why is SBI share price falling after record annual profit?
Markets look beyond headline profit. The concern is operating profit miss (due to treasury losses) and NIM compression — SBI's net interest margin fell about 21 basis points sequentially. Even with record annual profit, shrinking margins signal potential pressure on future profitability. Markets price the future, not the past quarter.
SBI Amrit Vrishti vs Amrit Kalash interest rate 2026?
Amrit Kalash 400-day scheme has been discontinued. Amrit Vrishti 444-day is the current special scheme. Rates were revised downward effective December 15, 2025: 6.45% for general public and 6.95% for senior citizens (down from 6.60% and 7.10% respectively). Super senior citizens (80+) get 7.05%. Verify live rates at sbi.co.in before booking.
SBI home loan interest rate after May 2026 results?
SBI home loans are linked to EBLR or MCLR — not directly to quarterly results. Current SBI EBLR is approximately 7.90-8.15% plus credit risk premium. The Q4 results do not trigger an EMI change. Only an RBI repo rate cut in the next MPC (scheduled June 2026) would flow through to EBLR-linked home loan EMIs.
Is SBI raising FD rates for senior citizens in May?
No broad FD rate hike for senior citizens looks likely given NIM compression. Raising deposit rates would increase the bank's cost of funds and squeeze margins further. The Amrit Vrishti 444-day scheme at 6.95% for senior citizens is the current best SBI retail offer — verify the live rate at sbi.co.in before booking.
Related Reading
- Best FD Rates in India May 2026 — How SBI compares against small finance banks and private banks across all tenures
- RBI MPC April 2026 — Repo Rate at 5.25% — The repo rate decision that determines when home loan EMIs will next change
- FD vs Debt Funds — Which Is Better for Your Money? — Post-tax comparison that changes the FD vs debt fund calculus at 30% slab
Last reviewed: May 2026 — PlanivestFin Research Team
Disclaimer: This article is for informational purposes only and does not constitute investment advice. FD rates, lending rates, and dividends are subject to change. Verify current SBI rates at sbi.co.in before booking. The Amrit Vrishti rate stated reflects December 2025 revision — verify current rate before investing. Consult a SEBI-registered advisor before making investment decisions.