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Company Profile

With its headquarters located in Mumbai, State Bank of India (SBI) is a multinational public sector bank and financial services organization. With a 25% market share in loans and deposits overall and a 23% market share in assets, it is the biggest bank in India. With about 250,000 workers, it ranks as India’s tenth largest employer. SBI is the sole Indian bank to rank 178th on the Fortune Global 500 list of the world’s largest firms of 2024. The bank is the oldest commercial bank on the Indian subcontinent, deriving from the Bank of Calcutta, which was established in 1806 through the Imperial Bank of India. In 1959, the State Bank of India (Subsidiary Banks) Act was passed by the government. As a result, eight banks that had previously been owned by princely states became SBI subsidiaries. This occurred during the First Five-Year Plan, when rural India’s development was given first priority. In March 2001, SBI and BNP Paribas formed SBI Life Insurance Company, a 76:24 joint venture life insurance business. Arundhati Bhattacharya was named the bank’s first female chairperson on October 7, 2013.

Banking Industry in India

•  According to the Reserve Bank of India (RBI), India’s banking sector is well-capitalized and governed by stringent laws. Currently, the country’s economic and financial situation is far superior than that of any other emerging country. Research on credit, market, and liquidity risk shows that Indian banks are generally strong and have done well during the global financial crisis.

•  The Indian banking industry has recently seen the introduction of new banking formats, including payments and small financing banks. In recent years, India has also focused on extending the reach of the banking system through various initiatives, such as the Pradhan Mantri Jan Dhan Yojana and Post Payment Banks. These initiatives have significantly increased India’s financial inclusion and stimulated growth when combined with important banking sector reforms including neo-banking, digital payments, the expansion of Indian NBFCs, and fintech.

•  The Indian banking system consists of 13 public sector banks, 21 private sector banks, 44 foreign banks, 12 Small finance banks. As of June 2024, the total number of micro-ATMs in India reached 15,17,580. In 2024, total assets in the public and private banking sectors were Rs.16,128,080 crore (US$ 1,861.72 billion) and Rs.1,09,52,458 crore (US$ 1,264.28 billion), respectively. Assets of public sector banks accounted for 59.53% of the total banking assets (including public, private sector and foreign banks). The interest income of public banks reached Rs. 11,09,730 crore (US$ 128.1 billion) in 2024. In 2024, interest income in the private banking sector reached Rs.8,29,049 crore (US$ 95.7 billion). According to RBI’s Scheduled Banks’ Statement, deposits of all scheduled banks collectively surged by a whopping Rs.2,33,56,673.93 crore (US$ 2,752.38 billion) as on April 18, 2025.

• The Indian Fintech market is expected to reach a valuation of $150 billion USD by 2025. India is home to the third-largest FinTech ecosystem in the world. India is one of the Fintech marketplaces with the fastest rate of growth in the world. The Immediate Payment Service (IMPS) in India is the only system listed at level five on the Faster Payments Innovation Index (FPII), and the country’s digital payment system has progressed the most out of the 25. India’s Unified Payments Interface (UPI) has been working to revolutionize the nation’s digital payment system and broaden its global reach in recent years.

• It is projected that continued reforms, quick project com-pletion, and higher infrastructure spending will all contribute to the banking sector’s continued growth. It seems that India’s banking sector is in a good position for robust growth because these rapidly growing businesses would require bank loans. The popularity of online and mobile banking services has increased due to technological advancements.

Company Perspective and Review

SBI has delivered a solid FY25 across growth, asset quality, profitability, and capital adequacy. The decline in NPAs (Non-Performing Assets) and improved provisioning provide a cushion against credit risk. While margins are under slight pressure— and CASA (Current Account and Savings Account) ratios dipped—the overall financial health remains robust. SBI delivered robust FY 25 growth with ₹70,901 crore profit, strong credit-deposit expansion, and improving asset quality, even while navigating margin compression and elevated provisioning. The bank’s guidance for FY26 aims to sustain growth with cautious optimism amid evolving economic headwinds.