
State Bank of India shares experienced a sharp decline of 7.42% on Friday, hitting a low of ₹1,017.10 per share on the NSE before recovering to settle at ₹1,018.40, down 6.74%. According to reports from Moneycontrol, the stock decline was prompted by the country's largest lender reporting March quarter earnings below market estimates. The earnings missed analyst expectations despite healthy growth in core lending operations. The PSU Bank index also settled 3% lower, led by losses in SBI, with all constituents closing in the red except Indian Bank. As per ET Now, SBI shares closed at ₹1,019.55 on Friday, down 6.62% from the previous close, despite the bank's positive Q4 performance. Technical analysis from Investing.com India confirms the stock closed at ₹1,019.30, perfectly respecting the critical support level of ₹1,020 that was identified earlier.
SBI reported a 5.6% year-on-year rise in standalone net profit at ₹19,684 crore for the January-March quarter of FY25, compared with ₹18,643 crore in the year-ago period. However, as reported by Reuters-LSEG data, the profit missed analysts' estimates of ₹20,312 crore. The bank's total income during the quarter declined to ₹1,40,412 crore from ₹1,43,876 crore in the corresponding period last year. Net interest income rose 4.1% to ₹44,380 crore during the quarter, while interest income increased to ₹1,23,098 crore from ₹1,19,666 crore a year earlier. Income from treasury operations fell sharply to ₹1,259 crore from ₹8,991 crore in the year-ago period, as rising bond yields reduced the value of banks' bond holdings. Other income declined about 29% to ₹17,314 crore from ₹24,367 crore earlier. The bank's net interest margins (NIMs) contracted 21 basis points year-on-year to 2.93% and 18 basis points quarter-on-quarter, while operating profit fell 16% YoY to ₹27,704 crore and 11.5% QoQ from ₹31,286 crore in Q4FY25.
The bank's asset quality showed improvement during the quarter, with gross non-performing assets as a percentage of total loans falling to 1.49% at the end of March from 1.57% at the end of December and 1.82% a year earlier. This improvement in asset quality provides a positive signal despite the earnings miss and stock decline. On a consolidated basis, SBI reported a marginal rise in net profit to ₹19,643 crore for the quarter, compared with ₹19,600 crore a year ago. For the full financial year FY25, standalone net profit rose 13% to ₹80,032 crore against ₹70,901 crore in the previous fiscal. The bank's board declared a dividend of ₹17.35 per equity share of face value Re 1 each for FY25, with May 16 as the record date for determining shareholders eligible for the dividend, which will be paid on June 4.
Technical analysis from Investing.com India confirms that the levels identified in earlier YouTube videos have played out with remarkable precision. The stock struggled exactly at the ₹1,128 resistance zone initially, followed by ₹1,094, before correcting sharply toward the critical support level of ₹1,020. As per the technical analysis, SBI is now trapped in a broad box range between ₹1,020 and ₹1,094. Given the intensity of Friday's decline, the expectation is that the stock will spend more time in the lower half of this range while the market shakes out weak hands on both bullish and bearish sides. The current approach suggests SBI is more suitable for intraday traders and positional option sellers rather than aggressive equity investors. If SBI slips below ₹1,020, realistic downside targets become ₹995 and ₹970, while a move above ₹1,094 could trigger a rally towards ₹1,128.
Gross advances rose 17% YoY to ₹49.32 lakh crore as of March 2026, with domestic corporate advances growing 15% to ₹14.24 lakh crore and domestic retail personal advances rising 15% to ₹17.35 lakh crore. Home loans grew 14% to ₹9.44 lakh crore. Deposits rose 11% YoY to ₹59.75 lakh crore, with domestic CASA deposits increasing 10% to ₹22.62 lakh crore and domestic term deposits growing 12% to ₹34.7 lakh crore. The CASA ratio stood at 39.46% as of March 2026, indicating healthy low-cost deposit mobilization despite the margin pressures.