SBI Share Price Target 2024-2030 Fundamentals & Quarterly Results

SBI Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – The State Bank of India (SBI) is the largest public sector bank in India. It provides deposit-taking, loan-advancing mutual-fund-managing services. The State Bank of India was founded in 1945 and has its headquarters situated at Mumbai, Maharashtra State. The bank currently holds a 23% share by assets and a 25% share in the loan and deposits market. SBI holds the second position in Market Capitalization after only two other banks, HDFC Bank and ICICI Bank.

Latest Update – A small increase in the net profit for the first quarter (Q1FY25) was reported by State Bank of India (SBI) at ₹17,035 crore. This is mainly due to loan loss provisions that weighed down the bottom-line despite a strong credit growth.

SBI Overview

State Bank of India has been a Fortune 500 Company. It was formed in Mumbai based on Special law as an Indian transnational corporation involved in willful activities in public sector banking and financial services. It is the exceptional and most ancient bank in India with a 200 year old history.

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SBI Business Profile

At this moment, the bank is running in our country 6,26,17 ATMs and 22,219 branches and, 71,968 financial correspondent outlets. The bank has a market share of 22.84% in deposits and 19.69% in advances. It has a firm establishment of approximately 45 million customers.

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Exposure

The bank has a well-diversified loan book, it contains loans to many different sectors. The leading sectors in this book are home loans accounting for 23%, infrastructure 15%, services 12%, and agriculture at 10%. Approximately 75 percent of corporate advances carry an A rating or above according to rating agencies. PSU’s and government departments’ shares in the corporate book are 38%.

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Retail loans constitute 39% of all deposits, and corporate loans account for 37%, the remaining percentages being SME and Agriculture which account for 14% each.

The retail book consists of 68% home loans, 22% express credit, 9% car loans, 2% personal gold loans, and 9% of all remaining categories.

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International Business

The bank has outlets in 233 branches/offices all over the world. It also has presence in the USA, Canada, Russia, Brazil, Germany, France, Turkey among other countries. At present, 3% of total deposits come from operations outside the country while 13% go towards financing investments outside the national boundaries.

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Government Business

The government of India has always preferred State Bank of India as its banker and this bank leads in public sector deals. The fiscal year 2020 saw turnovers of nearly INR ~52.50 lakh crores together with commissions of around INR ~3,700 crore coming from government-related transactions.

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Financial Inclusion Business

Bank~71,000 BC outlets are mainly dedicated to financial inclusion customers, who are over 50% in bank. The bank has 40% of all PMJDY accounts, meaning more than 12 crore accounts are in its name. At the moment, deposits from PMJDY accounts stand at around 42,500 crores—this represents about 1.2% of the total deposit held by the bank.

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Subsidiaries Operations

The bank owns various subsidiaries which are engaged in related business activities :-

• SBI Capital Markets Ltd (100% stake)
• SBI DHFI Ltd (72% stake)
• SBI Cards and Payment Services Ltd (69% stake)
• SBI Life Insurance Co. Ltd (57.6% stake)
• SBI Funds Management Pvt Ltd (63% stake)
• SBI General Insurance Company Ltd (70% stake)

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SBI Fundamentals & Quarterly Results

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SBI Quarterly Results

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CAGR Report

SBI Shareholding Pattern

SBI Share Price Target 2024-2030 Forecast

SBI Share Price Target 2025

SBI Share Price Target 2026

SBI Share Price Target 2027

SBI Share Price Target 2028

SBI Share Price Target 2029

SBIN Share Price Target 2030

Official Website – sbi.co.in