SBI predicts $80-85 billion forex losses for FY26, but net profit forecast (RBI)
State Bank of India (SBI) expects foreign exchange (FX) losses of about USD 80–85 billion for FY26 in its forecast range.
GS3The Indian ExpressGS3Forex lossesSBI forecastRBI projections
What happened
State Bank of India (SBI) has projected foreign exchange (FX) losses for FY26 in the range of USD 80–85 billion. The figure is presented as an estimate/forecast for an upcoming period, not as a confirmed, realised accounting result.
What the forecast indicates (and what to avoid)
FX-loss projections for banks are linked to foreign currency exposures and exchange-rate movements that can create valuation effects. For exam use, the key point is the forecast range and the fact that it is not a settled outcome for FY26.
Background and earlier position
Bank-level FX outcomes depend on the bank’s foreign currency assets, foreign currency liabilities, and related FX-related positions, together with exchange-rate volatility during the year.
