New Delhi, May 5 -- State Bank of India (SBI), the country's largest bank, announced its quarterly earnings over the weekend. It saw a decline in profit due to one-time provision write-backs made in the base period. The bank cited the spillover effects of a tariff-led slowdown while revising its credit-growth projection downward for FY26. After years of outperformance driven by recapitalisation, the latest quarter can prove to be a leveller.

SBI's moderate performance is likely to split the group's performance right down the middle. SBI Life Insurance Company and SBI Cards and Payment Services announced their Q4 earnings on 24 April after trading hours, and market reaction has been on two extreme ends since then. While SBI Life appreciat...