Small Industries Development Bank of India (Sidbi) delivered exceptional financial results for FY26, achieving a record net profit of ₹5,493 crore, representing a 14.2% increase from ₹4,811 crore in FY25. The financial results were approved at the 28th Annual General Meeting held on August 24, 2026 at the bank's head office in Lucknow. According to reports from The Economic Times and Devdiscourse, the Lucknow-headquartered financial institution demonstrated strong operational performance across key metrics during the financial year ended March 2026.
Sidbi's balance sheet witnessed significant growth, with the total balance sheet crossing ₹6.32 lakh crore during FY26. The bank's asset base grew 11.3% to ₹6,32,378 crore as of March 31, 2026, compared to ₹5,68,239 crore in the previous year. The institution's loans and advances rose 16.8% year-on-year to ₹5,79,755 crore in FY26 from ₹4,96,282 crore in FY25, reflecting strong business expansion and growth in both direct and institutional credit. As reported by The Economic Times and Devdiscourse, this growth demonstrates the bank's successful strategy of expanding its lending portfolio across multiple segments.
The bank maintained robust asset quality metrics with a gross non-performing asset (NPA) ratio at 0.12% as of March 31, 2026, while the net NPA ratio stood at zero. According to The Economic Times and Devdiscourse, Sidbi's total income increased 8.9% during the year to ₹41,940 crore, demonstrating consistent revenue growth alongside its balance sheet expansion. The stable asset quality and strong income growth indicate effective risk management and operational efficiency during the financial year. The bank also recorded an earnings per share of ₹96.56 for FY26.
Sidbi's annual general meeting on August 24, 2026, approved a 20% dividend for FY25 for its shareholders, reflecting the bank's strong financial position and commitment to returning value to stakeholders. As reported by The Economic Times and Devdiscourse, Sidbi chairman and managing director Manoj Mittal emphasized the bank's balanced growth strategy supported by expansion in both direct and institutional credit. Addressing stakeholders, Mittal stated that "SIDBI had charted out an ambitious yet balanced growth trajectory, driven by growth in both direct and institutional credit segments." The institution plans to continue supporting the micro, small and medium enterprises (MSME) sector through financial, development and policy initiatives aimed at improving scalability and global competitiveness. According to Devdiscourse, Mittal further reiterated that the bank's developmental interventions would continue to be guided by an impact-oriented approach, ensuring measurable outcomes focusing on enterprise creation.
