State Bank of India stands as India's largest and oldest bank with over 200 years of history, establishing itself as a cornerstone of India's financial sector. The bank is an Indian multinational public sector bank and financial service body headquartered in Mumbai. SBI is the 47th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list.
SBI is the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. As of July 2025, the market capitalization of State Bank of India is ₹7,32,086.58 Crore, making it one of the most valuable financial institutions in India. The bank commands a deposit market share of about 22.55% and a net advance share of 19.06% in India as of FY24.
The bank's massive scale is further evidenced by its workforce, with nearly 250,000 employees making it the tenth largest employer in India. As of 2024, SBI has 500 million customers, demonstrating its extensive reach across the country.
State Bank of India delivered robust financial performance in FY25, despite some quarterly volatility. For the full FY25, SBI posted record net profits of ₹70,901 Crore, showing 16.08% Y-o-Y growth. Operating profit crossed ₹1 trillion for the first time to hit ₹1.1 trillion in FY25, up almost 18% year on year.
For Q4 FY25, the bank reported mixed results with revenue jumping 8.88% year-over-year to ₹1,79,562.32 Crore. However, net profit fell 8.34% since the last year same period to ₹19,600.46 Crore in Q4 FY2024-2025, primarily due to higher provisions and the absence of one-time provision write-backs from the previous year.
Key Financial Metrics (March 2025):
- Net Profit (FY25): ₹70,901 Crore (+16.08% YoY)
- Operating Profit (FY25): ₹1,10,579 Crore (+17.89% YoY)
- Credit Growth: 12.03% YoY
- Dividend per share: ₹15.90 for FY25
State Bank of India has demonstrated consistent improvement in asset quality metrics. Key achievements for FY25 include sustained loan growth of 12.4% year-over-year and significant improvements in asset quality, with its Gross Non-Performing Assets (NPA) ratio at 1.82% and Net NPA ratio at 0.47% as of March 31, 2025. The bank maintained a strong Capital Adequacy Ratio (CAR) of 14.25% as of the same date, comfortably above regulatory requirements.
The bank's provision coverage ratio stands at 92.08% in March 2025, indicating strong coverage against potential losses. This improvement in asset quality reflects the bank's disciplined underwriting standards and effective risk management practices.
State Bank of India offers a comprehensive suite of banking products and financial services to a diverse customer base that includes individuals, commercial enterprises, large corporations, public sector entities, and institutional clients. Its operations are broadly categorized into Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking businesses.
The bank's extensive network includes 22,405 branches in India and 65,627 ATMs as of July 2023. As of 2024–25, the bank had 241 overseas offices spread over 36 countries, having the largest presence in foreign markets among Indian banks.
State Bank of India has embraced digital transformation significantly. In November 2017, SBI launched an integrated digital banking platform named YONO, which has gained substantial traction with 8.77 Crore users in FY25. Management's focus on digital transformation has enhanced operational efficiency, with 98% of transactions now conducted through alternate channels.
The bank has outlined ambitious plans for future growth. State Bank of India has outlined plans to raise equity capital up to ₹25,000 Crore during the financial year 2025-26. This capital infusion, potentially through routes such as Qualified Institutional Placement (QIP) or a Follow-on Public Offer (FPO), is intended to support the bank's ongoing business growth and expansion initiatives.
Looking ahead, SBI has revised its credit growth projection to 12-13% from 14-16% projected earlier, reflecting a more conservative approach amid evolving market conditions.
The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are "too big to fail". This designation underscores the bank's critical importance to India's financial system.
The bank's shares are listed on major exchanges with equity shares listed on the Bombay Stock Exchange, where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India, where it is a constituent of the NIFTY 50.
State Bank of India continues to maintain its position as India's banking sector leader, combining traditional banking strength with modern digital capabilities to serve its vast customer base while delivering consistent shareholder value through sustained profitability and prudent risk management.
