Asia300

State Bank of India

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 21, 2017
Prev close: 282.15
Apr 21, 2017
Market cap:
Market cap(USD):
2,288.2B
35,427.8M
Shares: 8,109.86M

Currency in INR

Company profile

Market(Ticker): BOM(500112)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 207,739

Business summary

State Bank of India provides commercial banking services. The banks financial services include merchant banking, fund management, factoring, primary dealership, broking, investment banking, credit cards, life insurance and general insurance. It operates through four segments: Treasury, Corporate Banking, Wholesale Banking, Retail Banking and Other Banking Business. The Treasury segment includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate Banking segment comprises the lending activities of corporate accounts group, mid corporate accounts group and stressed assets management group. These include providing loans and transaction services to corporate and institutional clients and further include non treasury operations of foreign offices/entities. The Retail Banking segment comprises of branches in National Banking Group, which primarily includes personal banking activities, including lending activities to corporate customers. This segment also includes agency business and ATMs. The Other Banking business segment focuses on the operations of all the non-banking subsidiaries and joint ventures of the group. State Bank of India history roots back to 1806 and was founded in January 27, 1921 and is headquartered in Mumbai, India.

Company background

State Bank of India is the country's largest commercial bank, with about 16,000 branches and nearly 200 overseas offices. The state-owned financial institution has five domestic and seven overseas banking subsidiaries, including in the U.S., Russia and Indonesia. It is around 60% owned by the government.

Arundhati Bhattacharya has chaired the bank since October 2013. She is the first woman to hold the top post at the institution. Before joining the bank in 1977, she studied English literature, not finance. In her time at SBI, she has worked in such areas as foreign exchange, retail banking, human resources and investment banking. Bhattacharya was involved in creating SBI General Insurance, SBI SG Securities and other key initiatives at the bank. She is a member of the Indo-U.S. CEO Forum and has been included on lists of the most powerful businesswomen by Forbes and Fortune.

SBI's origins can be traced to the early 19th century with the creation in 1806 of Bank of Calcutta, which was renamed Bank of Bengal in 1809. It was the first joint stock bank in British India before the establishment of Bank of Bombay in 1840 and Bank of Madras in 1843. In 1921, all three banks were merged to form Imperial Bank of India, which in turn became State Bank of India in 1955. Reserve Bank of India acquired a controlling stake in the institution at that time. In 2007, the Indian government bought all of RBI's holdings in the bank.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 2,760.36B
Gross profit --
Operating income 181,978.43M
Income before tax 181,767.8M
Net income 122,245.95M
EBITDA --
Diluted EPS 15.95
Dividends per share 2.6
Total assets 29,708.97B
Total liabilities 27,840.37B
Total equity 1,805.92B
Operating cash flow 565,094.02M

Currency in INR

Revenue 42,161.79M
Gross profit --
Operating income 2,779.53M
Income before tax 2,776.31M
Net income 1,867.18M
EBITDA --
Diluted EPS 0.24
Dividends per share 0.03
Total assets 448,623.56M
Total liabilities 420,406.60M
Total equity 27,270.54M
Operating cash flow 8,631.23M

Currency in USD

Valuation measures

Mar 2016

PER 12.18
ROA 0.43%
ROE 7.14%
Operating margin 6.59%
Profit margin 4.42%

Key executive

  • Managing Director: Dinesh Kumar Khara
  • Chief Operating Officer & Deputy Managing Director: Neeraj Vyas
  • Chief Financial Officer & Deputy Managing Director: Anshula Kant
  • Chief Information Officer & Deputy MD: Mrityunjay Mohapatra
  • Chief Technology Officer: Shivkumar Bhasin

Share holders

  • Government of India(61.2%)
  • Life Insurance Corp. of India(8.8%)
  • HDFC Asset Management Co. Ltd.(2.5%)
  • Reliance Nippon Life Asset Management Ltd.(1.3%)
  • SBI Funds Management Pvt Ltd.(1.0%)
  • ICICI Prudential Asset Management Co. Ltd.(0.6%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(0.6%)
  • BlackRock Fund Advisors(0.5%)
  • The Vanguard Group, Inc.(0.5%)
  • Norges Bank Investment Management(0.4%)

Address

  • Website: http://www.sbi.co.in
  • Address: Corporate Centre, State Bank Bhavan, Mumbai, 400021, India
  • Phone: +91.22.22740841

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