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State Bank Of India - Stock Valuation and Financial Performance

BSE: 500112 | NSE: SBIN | Bank - Public | Large Cap

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SBI Share Price

 ₹771.60 -0.80 -0.10%
as on 28-Mar'25 16:59

DeciZen - make an informed investing decision on SBI

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Somewhat overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Semi Strong
Check Price chart

State Bank Of India stock performance -

PE Chart Key Ratios
P/E Ratio (SA):
9.45
Market Cap:
6,89,337.6 Cr.
52-wk low:
679.7
52-wk high:
912.1

Is State Bank Of India an attractive stock to invest in?

1. Is State Bank Of India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that State Bank Of India is a good quality company.

2. Is State Bank Of India undervalued or overvalued?

The key valuation ratios of State Bank Of India's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is State Bank Of India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of State Bank Of India is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SBI:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Standalone Basis P Consolidated Basis P
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
State Bank Of India has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Net Interest Income (₹ Cr.)55,01557,19561,86074,85488,34998,0851,10,7101,20,7081,44,8411,59,8761,65,846
YoY Gr. Rt. %-4%8.2%21%18%11%12.9%9%20%10.4%-
Total Income1,74,9731,91,8442,10,9792,65,1002,79,6443,02,5453,08,6473,16,0213,68,7194,66,8135,08,708
YoY Gr. Rt. %-9.6%10%25.7%5.5%8.2%2%2.4%16.7%26.6%-
Adj EPS (₹ ) 17.612.813.2-7.3116.222.935.556.368.481.8
YoY Gr. Rt. %--27%2.6%-155.8%NA1573.2%40.9%55.2%58.6%21.6%-
BVPS (₹ )172185.9196.5217.7219.9233.3258.1287.6336391.8457
YoY Gr. Rt. %-8%5.8%10.8%1%6.1%10.6%11.5%16.8%16.6%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)0.70.50.4-0.200.40.50.7111
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)2.13.83.75.732.21.510.70.60.5
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)-----------

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Net Interest Income12.6%12.6%13%10.4%
Total Income11.5%10.8%14.8%26.6%
Adj EPS16.3%134.3%44.1%21.6%
BVPS9.6%12.3%14.9%16.6%
Share Price 11.3% 31.5% 15.8% 2.5%

Key Financial Ratios

RATIOS \ YEARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Interest Earned / Total Income87.185.4983.1983.1886.8585.0585.9187.1690.0788.9389.2
Margins To view Margins Colour Rating Guide click here ⓘ
NIM (%)2.82.62.52.42.62.72.72.62.92.82.5
Performance Ratios To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)10.67.37-3.70.47.29.31318.118.815.5
Liquidity Ratio To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)41.342.644.644.544.644.245.444.542.739.9-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.30%

Total Income has increased 14.79 CAGR in last 3 years

Net Profit has increased 44.11 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

No data to display

Latest Financials - State Bank Of India

Standalone Consolidated
TTM EPS (₹) 81.8 88.9
TTM Sales (₹ Cr.) 4,53,866 4,81,410
BVPS (₹.) ⓘ 457 507.2
Reserves (₹ Cr.) ⓘ 4,06,958 4,51,743
P/BV ⓘ 1.69 1.52
PE ⓘ 9.45 8.69
From the Market
52 Week Low / High (₹) 679.65 / 912.10
All Time Low / High (₹) 13.20 / 912.10
Market Cap (₹ Cr.) 6,89,338
Equity (₹ Cr.) 892.5
Face Value (₹) 1
Industry PE ⓘ 8.4

Quarterly Results

Standalone Basis
Consolidated Basis
 Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %Dec'24 YoY Gr. Rt. %
Net Interest Income (₹ Cr.)41,655 3.141,125 5.741,620 5.441,446 4.1
Interest Earned (₹ Cr.)1,11,043 19.51,11,526 16.21,13,871 12.31,17,427 10
Total Income (₹ Cr.)1,28,412 20.11,22,688 13.61,29,141 15.11,28,467 8.7
Adj EPS (₹)20.3 23.616.8 716 12.618 36.4
NIM (%)3.47 -3.35 -3.31 -3.01 -
Net NPA to Net Advances (%)0.57 -0.57 -0.53 -0.53 -
CASA (%)41.11 -40.70 -40.03 -39.20 -

Management X-Ray of SBI:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:57.43%Institutions:35.2%Non-Institutions:7.37%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep24Dec240%10%20%30%40%50%60%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of SBI

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Base BVPS
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DPS
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MRP: ₹ 0
DP: ₹0
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Expected BVPS Growth Rate:
0%
Base 0%
30%
Expected Rate of Return:
0%
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30%
Future PBV:
0
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40
YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

State Bank of India: Q3FY25 Result Update - 19 Feb 2025

* Provisions on account of one-time increase in pension liabilities at uniform rate of 50% and Dearness Relief (DR) Neutralization

Key Highlights – Strong Performance Continues

Advances Growth:

  • Total advances grew 13% YoY to Rs. 40.67 lakh crores.

  • Domestic advances increased by 14% YoY, driven by 19% growth in SME advances and 15% growth in agricultural advances.

  • Corporate advances grew 15% YoY, while retail personal advances expanded by 12% YoY.

  • Foreign office advances saw a 10% YoY increase.

Deposits and CASA:

  • Total deposits rose 10% YoY to Rs. 52.29 lakh crores.

  • CASA deposits grew 4% YoY, but CASA ratio declined to 39.20% from 41.18% YoY.

  • Term deposits increased 13 % YoY, reflecting a shift from CASA to higher-yielding fixed deposits.

  • Current account balances grew 14% YoY, showing continued traction.

Margins and Asset Quality:

  • Net Interest Margin (NIM) for Q3 FY25 stood at 3.01%, while domestic NIM was 3.15%, declining YoY due to higher funding costs.

  • Gross NPA ratio improved to 2.07%, down 35 bps YoY.

  • Net NPA ratio stood at 0.53%, improving by 11 bps YoY.

  • Provision Coverage Ratio (PCR) stood at 74.66%, reflecting strong provisioning.

  • Credit cost for Q3 FY25 was 0.24%, indicating disciplined risk management.

Profitability:

  • Net profit surged 84% YoY to Rs. 16,891 crores, reflecting strong operational performance.

  • Operating profit increased 16% YoY to Rs. 23,551 crores.

  • ROA improved to 1.04% and ROE stood at 21.46% for 9M FY25.

  • Net Interest Income (NII) increased 4% YoY, supported by loan book growth.

Capital Adequacy and Liquidity:

  • Capital Adequacy Ratio (CAR) stood at 13.03%, with Tier-I Capital at 10.85%.

  • Liquidity position remains strong, supporting future credit expansion.

Key Business Segments & Digital Expansion:

  • Robust growth in SME, agriculture, and retail lending, reinforcing SBI’s leadership.

  • Strong digital banking adoption, with 98.1% of transactions through alternate channels.

  • YONO continues to scale, driving new customer acquisition and operational efficiency. 64% of new savings accounts were acquired digitally through YONO, highlighting the bank’s digital focus.

SBI: Q4FY24 Quarterly Update - 10 May 2024

The country's largest bank reported its highest-ever annual profit of Rs 61,077 crore, marking a 22% improvement YoY. The net profit for Q4FY24 was particularly strong, standing at Rs 20,698 crore, a rise of 23.98% YoY. The Return on Assets (ROA) for FY24 was at 1.04%, up by 8 basis points YoY, and the Return on Equity (ROE) reached 20.32%, up by 89 basis points YoY.

Loan Growth

As of March, SBI’s overall advances grew by 15% YoY, reaching a balance sheet size of ?62 trillion. The growth was driven by a 14.7% increase in retail loans. Additionally, loans in the small business and agriculture sectors rose by 20.5% and 17.9% respectively. The corporate segment, which makes up 35% of the bank's domestic loan portfolio, also experienced strong growth, rising by 16% YoY. Consequently, the bank's overall loan book in India expanded by 16.3% YoY in FY24.

SBI Chairman Dinesh Kumar Khara expects FY24’s loan growth to sustain in FY25 and net interest margin maintained at the current level. In FY25, management guided a credit growth in the range of 13 -15% (15.24 % in FY24) and 12-13% rise in deposits (11.13 % in FY24).

Capital Adequacy

At the analyst meeting, Mr. Khara noted that the current capital adequacy ratio, which stood at 14.28% as of March 2024, is sufficient to support up to ?7 lakh crore of balance sheet growth. However, the bank is open to raising equity capital if necessary. The capital adequacy ratio measures a bank's capital against its risk-weighted assets and indicates how well the bank is capitalized both to absorb potential losses from bad assets and to support growth.

Deposit Growth

SBI is well-positioned relative to its peers, with a credit-to-deposit ratio (CD ratio) of 68% on its domestic book, which is significantly lower than the banking industry's average CD ratio. However, the CASA ratio for SBI has decreased from 43.80% to 41.11% in FY24.

 

SBI has observed an upward trend in its domestic cost of deposits over the past four quarters, a factor that directly influences the bank's net interest margin (NIM)—a critical measure of profitability. As of Q4, the cost of deposits stood at 4.81%, a slight increase from 4.75% in the previous quarter.

Management has indicated comfort with a credit-to-deposit (CD) ratio of up to 75%. Although SBI's domestic margin currently falls below those of larger private sector peers like ICICI Bank, there is potential to enhance margins by increasing the CD ratio in the future.

Asset Quality

SBI's asset quality has shown improvement, evidenced by a decline in both gross and net non-performing asset ratios (GNPA and NNPA). Furthermore, the slippage ratio—indicative of fresh accretion to NPAs—has not only moderated over the past few years but also reached a record low in FY24. As a result, the credit cost has further declined. A key consideration going forward is whether SBI can sustain these record-low levels of credit cost.

Operating Income

Operating expenses at SBI rose by 20% year-over-year in FY24, primarily driven by wage revisions and pension-related provisions. As a result, the cost-to-income ratio (C/I) reached approximately 56% for the fiscal year. Excluding the impact of wage revisions and a one-time item, the C/I ratio would have been around 49%.

 

State bank of India: Q1FY24 Result Update - 07 Aug 2023

Particulars

Q1FY24

YoY Trend

Comments

Advances

33,03,731

+14%

 Growth across segments, driven by retail personal and agri verticals

Net Interest Income

38,905

+25%

 

PAT

16,884

+178%

PAT almost doubled largely due to treasury gains

Company delivered strong performance with healthy PAT growth and 1.22% RoA (return on assets). Management guided ~15% YoY credit growth for FY24. 

 

State bank of India: Q4FY23 Result Update - 19 May 2023

 

 

Q4FY23

% Change YoY

Comments

Advances

31,99,269

17.0%

 

Deposits

44,23,777

9.2%

 

Net Interest Income (NII)

40,392.5

29.5%

NIM at 3.84%

Gross Non-Performing Asset (GNPA)

2.78%

-118 bps

 

Profit after tax (PAT)

16,694.5

83.2%

 

Results were good on account of GNPA improvement.

 

State Bank of India Ltd - Quarterly Results - 07 Nov 2022

State Bank of India Ltd
Market Cap 545,829Cr
CMP 612
P/B 1.84xFY23

Results

(INR Cr)

YoY Growth

Comments

Advances

30,35,071

19.93%

Healthy loan growth across all segments

Net Interest Income

35,183

12.83%

NIM improved by 8bps to 3.32% on yearly basis

Net Profit

13,264.62

76%

Provisions declined by 25.5% to 2,011 Cr

Check here for 10 Year X-ray.

Key Highlights

  • Corporate (30.2% of loan book) grew by 21.18%, while Foreign Advances (16% of loan book) grew by 30.14% on yearly basis.
  • Interest income increased due to increase in Yield on advances by 23bps & 52bps to 7.66% (Domestic) and 2.5% (Foreign) on quarterly basis.
  • Asset quality improved as GNPA & NNPA declined by 138bps and 72bps to 3.52% & 0.8% on yearly basis. Slippage declined by 42.55% to 2,399 Cr, implying higher repayment by customers.
  • CASA Ratio declined 160bps to 44.6%, decrease in CASA increases cost of funds.
  • SBI may need to raise funds as banks Common Tier 1 (CET-1) Capital Ratio at 9.53% vs. required 8.6%.

SBI: Quarterly Result Update - 08 Aug 2022

State Bank of India | Market Cap: Rs. 4,59,662 Cr

CMP 515 | P/B 1.7x FY23

Results

(Rs. Cr)

Y-o-Y Growth

Comments

Advance

28,76,456

15.8%

Healthy growth in retail segment (18.6%), led by robust growth in Home loans (14%) and Xpress Credit (32%).

Net Interest Income

31,196

13%

Benefit from the re-pricing of floating rate loan portfolio

Net Profit

6,068

-7%

Dragged down by MTM loss of Rs. 6,550 Cr on treasuries and a slight decline in margin

Click here for 10 year X-ray

Key highlights:

  • Growth was mainly driven by growth in the retail credit portfolio. Corporate, SME and agri portfolios both grew modestly by ~10-11%. The shift in loan mix towards retail continues with increasing share of unsecured (Xpress Credit personal loans).
  • Retail growth momentum continues across products, especially home loans and personal loans. Gold loan book grew 10% on lower base while auto book grew 16% year on year. The bank is seeing good success in rolling out pre-approved personal offers through the YONO app.
  • Gross and net NPA ratios were broadly flat at 3.9% and 1.0%, respectively. Provision coverage (ex write-offs) stood at ~75%. In addition, the bank carries additional non-NPA provisions of Rs. 29,300 Cr (~1% bps of gross advances).
  • NIM declined sequentially by ~10 bps to 3.0%. This was primarily on account of interest on income tax refund (~Rs. 600 cr) in 4QFY22.
  • Deposit growth stood at 9%, led by 9% growth in term deposits and 7% growth in CASA balances. CASA ratio for the bank was broadly stable at 45%.

Management Outlook

  • In corporate loans, management sees a large sanction pipeline currently, which should support growth in the near future.
  • The prior guidance was towards a run-rate of ~Rs80-100 bn of recoveries from written-off accounts in FY23.

 

View All Notes

Key Ratios of SBI

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Peer Comparison

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
SBI 771.6 -0.8 (-0.1%) Large Cap 4,15,131 81.8 14.7 9.5 1.7
Bank Of Baroda 228.4 -2.4 (-1%) Large Cap 1,12,606 37.6 15.8 6.1 0.9
Canara Bank 89 -0.6 (-0.7%) Large Cap 1,10,519 18.1 13.4 5 0.9
PNB 96.1 -0.3 (-0.3%) Large Cap 1,09,065 14.7 7.6 6.6 0.9
Union Bank Of India 126.2 2.1 (1.7%) Large Cap 99,778 21.4 13.7 5.8 0.9
Indian Overseas Bank 39 -2.8 (-6.6%) Large Cap 24,050 1.6 11 26 3

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income 1,74,9731,91,8442,10,9792,65,1002,79,6443,02,5453,08,6473,16,0213,68,7194,66,813
Interest Income 1,52,3971,63,9981,75,5182,20,4992,42,8692,57,3242,65,1512,75,4573,32,1034,15,131
Other Income ⓘ 22,57627,84535,46144,60136,77545,22143,49640,56436,61651,682
Expenditure 1,61,8711,81,8932,00,4952,71,6472,78,7812,88,0572,88,2372,84,3453,18,4864,05,736
Interest Expense 97,3821,06,8031,13,6591,45,6461,54,5201,59,2391,54,4411,54,7501,87,2632,55,255
Operating Expenses 38,05441,78246,47359,94369,68875,17482,65293,39897,7431,24,861
Provisions26,43633,30740,36466,05854,57453,64551,14436,19833,48125,621
Profit Before Tax19,31413,77414,855-15,5282,30724,80227,54143,42267,20681,783
Taxes 6,2123,8234,371-8,9811,44510,3147,13111,74616,97320,706
Profit After Tax 13,1029,95110,484-6,54786214,48820,41031,67650,23261,077
Adjusted EPS (₹)17.5512.8213.15-7.340.9716.2322.8735.4956.2968.44
Dividend Payout Ratio (%)20%20%20%0%0%0%17%20%20%20%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Share Capital ⓘ 747776797892892892892892892892
Total Reserves ⓘ 1,27,6921,43,4981,87,4892,18,2362,20,0212,31,1152,52,9832,79,1963,26,7163,76,354
Minority Interest0000000000
Deposits15,76,79317,30,72220,44,75127,06,34329,11,38632,41,62136,81,27740,51,53444,23,77849,16,077
Borrowings ⓘ 2,05,1503,23,3453,17,6943,62,1424,03,0173,14,6564,17,2984,26,0434,93,1355,97,561
Other Liabilities 1,37,6981,59,2761,55,2351,67,1381,45,5971,63,1101,81,9802,29,9322,72,4572,88,809
Total Liabilities ⓘ 20,48,08023,57,61727,05,96634,54,75236,80,91439,51,39445,34,43049,87,59755,16,97961,79,694

Assets

Balance with RBI 1,15,8841,29,6291,27,9981,50,3971,76,9321,66,7362,13,2023,18,2652,47,0882,25,142
Balance with Banks38,87237,83843,97441,50145,55884,3611,29,83776,28760,81285,660
Investments ⓘ 4,81,7595,75,6527,65,99010,60,9879,67,02210,46,95413,51,70514,81,44515,70,36616,71,340
Advances 13,00,02614,63,70015,71,07819,34,88021,85,87723,25,29024,49,49827,33,96731,99,26937,03,971
Net Block ⓘ 9,0429,81942,34539,20138,50938,02338,06737,46742,10142,126
Other Assets1,02,2101,40,4081,54,0082,26,9942,66,3282,89,6143,51,7693,39,9253,97,0624,50,964
Total Assets ⓘ 20,48,08023,57,61727,05,96634,54,75236,80,91439,51,39445,34,43049,87,59755,16,97961,79,694

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 27,62111,19711,060-85,42534,62825,68889,86658,415-91,35219,022
Cash Flow From Investing Activity ⓘ -3,258-3,748-3,148879-3,959-2,977-3,354-2,613-3,297-3,053
Cash Flow From Financing Activity ⓘ -2,2894,506-1,7804,291-1,0883,3525,633-5,1785,202-13,855
Net Cash Flow ⓘ 22,07411,9546,132-80,25529,58126,06392,14450,625-89,4472,114

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios
EPS (₹)181313-711623355668
DPS (₹)433000471114
BVPS (₹)172186197218220233258288336392

Margin Ratios

Yield on Advances (%)11.711.211.211.411.111.110.810.110.411.2
Yield on Investments (%)8.18.37.77.98.07.36.46.06.36.9
Cost of Liabilities (%)5.55.24.84.84.74.53.83.53.84.6
NIM (%)2.82.62.52.42.62.72.72.62.92.8
Interest Spread (%)6.36.06.46.76.56.67.16.66.66.6

Performance Ratios

ROA (%)0.70.50.4-0.20.00.40.50.71.01.0
ROE (%)10.67.37.0-3.70.47.29.313.018.118.8
ROCE (%)8.75.44.7-1.02.86.36.58.312.112.9

Efficiency Ratios

Cost to Income Ratio (%)49.049.147.850.255.752.553.657.953.959.0
Operating Costs to Assets (%)1.91.81.71.71.91.91.81.91.82.0

Valuation Parameters

Price/Book(x)1.61.11.51.21.50.81.41.71.61.9

State Bank Of India Stock News

State Bank Of India FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SBI on 28-Mar-2025 16:59 is ₹771.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2025 16:59 the market cap of SBI stood at ₹6,89,337.6.
The latest P/E ratio of SBI as of 28-Mar-2025 16:59 is 9.45.
The latest P/B ratio of SBI as of 28-Mar-2025 16:59 is 1.69.
The 52-week high of SBI is ₹912.1 and the 52-week low is ₹679.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SBI is ₹4,53,866 ( Cr.) .

About State Bank Of India

The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in 1806 in Calcutta. Three years later the bank received its charter and was re-designed as the Bank of Bengal (January 02, 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (April 15, 1840) and the Bank of Madras (July 01, 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on January 27, 1921. The presidency Banks of Bengal, Bombay and Madras with their 70 branches were merged in 1921 to form the Imperial Bank of India. The establishment of the Reserve Bank of India as the central bank of the country in 1935 ended the quasi-central banking role of the Imperial Bank.

In 1951, when the First Five Year Plan was launched, the development of rural India was given the highest priority. The commercial banks of the country including the Imperial Bank of India had till then confined their operations to the urban sector and were not equipped to respond to the emergent needs of economic regeneration of the rural areas. In order, therefore, to serve the economy in general and the rural sector in particular, the All India Rural Credit Survey Committee recommended the creation of a state-partnered and state-sponsored bank by taking over the Imperial Bank of India, and integrating with it, the former state-owned or state-associate banks. An act was accordingly passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955. The State Bank of India was thus born with a new sense of social purpose. The State Bank of India was destined to act as the pacesetter in this respect and lead the Indian banking system into the exciting field of national development.

State Bank of India is an Indian multinational, public sector banking and financial services statutory body. For SBI, the interests of the common man have always remained at the core of its business. The Bank has a strong portfolio of distinctive products & services, and leverages technology to deliver and manage them in a personalized and customer centric way. State Bank of India is actively involved since 1973 in non-profit activity called Community Services Banking. All its branches and administrative offices throughout the country sponsor and participate in large number of welfare activities and social causes. The bank’s business is more than banking because it touch the lives of people anywhere in many ways.

Business area of the company

SBI provides a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers through its various branches and outlets, joint ventures, subsidiaries, and associate companies. It has always been in the forefront to embrace changes without losing sight of its values such as Service, Transparency, Ethics, Politeness and Sustainability

Services

  • Personal Internet Banking
  • Corporate Internet Banking
  • Merchant Acquiring Business - POS
  • Online Tax / Payment / Receipt / Challan printing

Business

  • CAG & MCG
  • Current Account
  • SME - Deposits
  • SME - Loans

Awards

  • 2007: Asian Centre for Corporate Governance & Sustainability and Indian Merchants Chamber has awarded the Transformational Leader Award 2007.
  • 2008: June ’08 Awards & Recognitions CNN IBN Network 18 has selected Shri O. P. Bhatt as Indian of the Year - Business 2007.
  • 2009: State Bank of India ranked as NO.1 in the 4Ps B & M & ICMR Survey on India's Best Marketed Banks in August-2009.
  • 2009: Shri Om Prakash Bhatt declared as one of the '25 Most Valuable Indians' By The Week Magazine For 2009.
  • 2009: State Bank of India has been adjuged The Best Bank 2009 By Business India in August-2009.
  • 2009: It bagged ‘Most Preferred Bank’ and ‘Most Preferred Brand for Home Loan’ at CNBC Awaaz Consumer Awards.
  • 2009: It became the only Indian bank to get listed in the Fortune Global 500 List.
  • 2009: SBI was at the 70th slot in the top 1000 bank survey by Banker Magazine.
  • 2009: It was awarded Golden award for being among the two most trusted banks in India by Readers Digest.
  • 2009: SBI is ranked 6th in the Economic Times Market Cap List.
  • 2009: SBI ranked as no.1 in the 4Ps B & M & ICMR Survey on India's Best Marketed Banks (August-2009).
  • 2013: Asia’s Best CSR Practices Award-2013- Singapore Asian BFSI Awards-2013- Dubai India’s Most Ethical Companies Award-2013 Asian Green Future Leadership Awards-2013.
  • 2014: '2013-14 Innovation in Customer Data Management (DWP)Financial Inclusion (IT-RB), Electronic Payment (INB, MB &W, ATM, PSG) and CRM&BI (DWP)Best IT adoption BEST IT Team, CSR and Corporate Excellence AWARD for change management for managing high scale IT projects.
  • 2014: State Bank of India ranked 155 in Forbes list of Global 2000 firms in 2014.
  • 2016: SBI was ranked 232nd in the Fortune Global 500 rankings of the world's biggest corporations 2016.
  • 2018: Best Transaction Bank in India by “The Asian Banker” for the second time in a row.
  • 2018: The Best Trade Finance Bank (India)-2019 for the eighth consecutive year by Global Finance Magazine.
  • 2018: ‘Green Bond Pioneer Award’ for being the largest new emerging markets Certified Climate Bond issuer of 2018 by Climate Bond Initiative.
  • 2018: ‘Best MSME Bank Award-Large bank’ by CIMSME.
  • 2018: YONO, its digital initiative, won the ‘Mobile Banking Initiative of the Year -India’ at the Asian Banking and Finance Retail Banking Awards, Singapore and ET BFSI Innovation Awards.
  • 2018: At the Asian Banker Financial Technology Innovation Awards 2018 SBI received awards in a number of categories including The Risk Data and Analytics Technology Implementation of the Year for OFSAA.
  • 2019: SBI wins Asian Banker’s ‘Best Transaction Bank & Best Payment Bank in India’ Award for 2019. 

Milestones

1806

  • The establishment of the Bank of Calcutta in Calcutta.

1809

  • The bank received its charter and was re-designed as the Bank of Bengal.

1921

  • The presidency Banks of Bengal, Bombay and Madras with their 70 branches were merged to form the Imperial Bank of India.

1955

  • State Bank of India was constituted.

2011

  • The government issued the 'Acquisition of SBICI Bank Order 2011'

2014

  • The Bank launched three digital banking facilities for the convenience of SBI customers.

2015-16

  • Bank launched a Priority Banking Centre at Bengaluru.
  • Bank launched ‘SBI eforex’ platform, which would enable customers to book forex rates to hedge their exposure in foreign currency.
  • Bank has designed, developed and launched ‘SBI Exclusif’, a unique suite of Wealth Management services (WMS) for its high net worth customers.
  • Bank has launched a Mobile App ‘State Bank Samadhaan’ on Google Play Store.
  • Another Mobile App “State Bank No Queue” has been launched.
  • Launched FlexiPay Home Loan
  • Launched Corporate Home Loan

2016-17

  • Bank has launched merchant payment acceptance solutions like Bharat QR and Aadhaar Based Payments viz. BHIM-AadhaarSBI.
  • Bank has launched the concept of “SBI Digital Village” to convert certain identified villages into a cashless eco system. 21 villages were launched on July 01, 2016 across the country under the scheme.
  • SBI has partnered with Flipkart to ffer its consumers the facility of preapproved EMI Facility on purchases.
    Under this partnership, Bank will provide overdraft facility to pre-qualified set of customers for transacting on Flipkart for a minimum purchase of Rs 5,000.
  • Bank also launched ‘SBI Mingle’ - the social media banking platform for Facebook and Twitter users. Using SBI Mingle, the Bank’s customers can do a host of banking services like checking account balance and requesting mini statements on their Facebook or Twitter accounts.

2017-18

  • Bank has also launched, the facility of instant issuance of personalised Photo Debit Card - ‘Quick Photo Debit Card’ within five minutes to Saving Bank (SB) account holder of any branch of SBI.
    State Bank of India launched India’s first comprehensive digital service platform “YONO”, an acronym for ‘You Only Need One’.
  • ‘SBI Grih Nirman Affordable Housing Project Finance Scheme’ has been launched to tap the emerging potential for financing affordable Housing Projects and is especially geared towards first-time home buyers.
  • Bank has launched Wealth Management Services for NonResident Indians.
  • The launch of ‘SBI Grih Nirman Affordable Housing Project Finance Scheme’ with attractive features to tap the emerging potential for financing affordable Housing Projects and is especially geared towards first-time home buyers.
  • Bank has acquired five domestic banking subsidiaries (DBS) of SBI; namely (i) State Bank of Bikaner & Jaipur (SBBJ), (ii) State Bank of Mysore (SBM), (iii) State Bank of Travancore (SBT), (iv) State Bank of Patiala (SBP), (v) State Bank of Hyderabad (SBH); and Bharatiya Mahila Bank Limited (BMBL) with effect from April 01, 2017.

2018-19

  • The bank launched a co-branded Card ‘Apollo SBI’, offering benefits on health and wellness services.
  • The bank launched the ‘SBI Doctors Card’, exclusively for doctors, in association with the Indian Medical Association.
  • The Bank has launched various innovations and functionalities around Debit Cards such as Contactless Debit  Cards, Bharat QR, Samsung Pay, Visa Checkout and Personalized Image Debit Card ‘My Card’.
  • Bank has set up over 2,200 e-Corners across the country where customers can avail the entire gamut of services through ATMs, ADWMs, SWAYAMs, Check deposit Kiosk and online banking kiosk.

2019-20

  • SBI has launched various functionalities around Debit Cards such as launch of NCMC compliant RuPay Card, RuPay JCB (for international conveniences), usage of RuPay Card in Bhutan and launch of MasterCard World for premier customers.
  • The Bank has launched SBI IOCL Co-branded Debit Card for digitizing fuel transactions and tied up with Madurai Kamaraj University for launching Co-branded Combo Debit Card.
  • Launched Near-real time outward remittance facility (from NRE accounts) to 209 overseas destinations through internet banking in five international currencies viz. USD, EUR, GBP, SGD and AUD with a daily ceiling of Rs 10 lakh or equivalent.
  • Launched SBI Tax Savings Scheme for NRIs (NRO Deposits) up to Rs 1.5 lakh per annum with 5-year maturity available on Internet Banking, which can be used by the customers to avail Tax benefits under section 80C of Income Tax Act.
  • Cardless and paperless withdrawals at ‘YONO cash Points’ (ATM) were launched across Pan India in March, 2019.
    YONO Krishi platform envisioned to be the digital partner in farmers progress was launched.
  • The Bank has launched a new product ‘Standby Line of Credit’ for MSMEs having Limits up to Rs 5 crore to meet temporary liquidity mismatch arising out of the delayed realisation of receivables, receipts of GST Inputs tax credits (including for Exports) and other Business requirements.
  • The Bank has acquired a total stake of 48.21% in Yes Bank Limited.
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