SBI Card's Profits Rise Amid Declining Interest Income

SBI Card reported a 14% profit increase to Rs 609 crore for Q4 2026, despite a decline in interest income to Rs 2,382 crore. Gross non-performing assets decreased to 2.41%, with impairment losses easing to Rs 1,097 crore. Annual profit rose 13% to Rs 2,167 crore with total income also growing.

SBI Card has announced a 14% uptick in profits, reaching Rs 609 crore for the fourth quarter ending March 2026, according to a recent report. The profits indicate a robust financial performance compared to Rs 534 crore in the corresponding period last year.

Though total income increased to Rs 5,187 crore from Rs 4,832 crore a year ago, the report highlighted a decline in interest income, which dropped to Rs 2,382 crore from Rs 2,415 crore. However, the period saw gross non-performing assets improve to 2.41% of gross advances, down from 3.08% the previous year.

SBI Card's overall gains for the fiscal year 2025-26 saw profits increase by 13% to Rs 2,167 crore on a total income of Rs 20,708 crore. Notably, the balance sheet size grew to Rs 66,328 crore, showcasing the company's steady growth despite economic challenges.