What led to the sharp 4% fell in sbi today?

Shares of State Bank of India (SBI) fell more than 4% on Friday after the country’s largest lender reported its Q4 FY26 results, with investors reacting to weaker-than-expected net interest income (NII) despite a rise in profit and improvement in asset quality.

The stock declined over 4% during the session to hit an intraday low of ₹1,043.10 on the NSE after opening at ₹1,090.

SBI reported a standalone net profit of ₹19,683.7 crore for the quarter ended March 2026, up 5.6% year-on-year from ₹18,643 crore. The profit figure came slightly above analyst estimates of around ₹19,500 crore.

However, net interest income (NII) grew 4.1% YoY to ₹44,380 crore compared to ₹42,618 crore in the year-ago period, but remained below Street expectations of nearly ₹46,500 crore, which weighed on investor sentiment.

Asset quality improved sequentially during the quarter. Gross non-performing assets (GNPA) stood at 1.49% versus 1.57% in the previous quarter, while net NPA remained flat at 0.39% quarter-on-quarter.

The bank also announced a dividend of ₹17.35 per equity share for FY26, translating into a 1,735% payout on the face value of ₹1 per share.

According to the bank’s filing, the record date for determining shareholder eligibility for the dividend has been fixed as May 16, 2026, while the dividend payment date is scheduled for June 4, 2026.

The results come at a time when investors are closely monitoring margin trends across the banking sector amid changing interest rate dynamics and liquidity conditions. While SBI continued to report strong profitability and stable asset quality, the softer-than-expected NII performance appeared to trigger profit booking in the stock after its recent run-up.

Earlier this week, SBI had also informed exchanges that its executive committee would consider long-term fundraising of up to $2 billion through public offer or private placement of foreign currency bonds during FY27.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.