Debasis Mohapatra
Bengaluru, 27 April 2026
SBI Cards & Payment Services reported a net profit of Rs 609 crore for the fourth quarter of FY26, which was a rise of 14% over the same period of previous fiscal year.
The company’s total income increased to Rs 5,187 crore compared to Rs 4,832 crore a year ago. However, interest income slightly declined to Rs 2,382 crore from Rs 2,415 crore reported a year ago period.
Fees and other revenues increased by 13% to Rs 2,553 crore in Q4 FY26 year-on-year basis, supplementing the total earnings.
Asset quality improved during the fourth quarter for the SBI group company. While gross NPAs fell to 2.41%, down from 3.08% last year in Q4FY26; net NPAs dropped to 1.04% from 1.46% during the fourth quarter.
Impairment losses and bad debts reduced to Rs 1,097 crore during the March quarter as compared to Rs 1,245 crore reported a year ago period.
For FY26, net profit rose 13% to Rs 2,167 crore, while total income increased to Rs 20,708 crore, up from Rs 18,637 crore a year ago.
