State Bank of 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.

Business Summary

State Bank of India operates as a public sector banking, and financial services statutory body with portfolio of products and services. It operates through the following segments: Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Business. The Treasury segment includes the investment portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate / Wholesale Banking segment comprises the lending activities of Corporate Accounts Group, Commercial Clients Group, and Stressed Assets Resolution Group that provides loans and transaction services to corporate and institutional clients and further include non-treasury operations of foreign offices. The Retail Banking segment comprises of retail branches, which primarily includes personal banking activities including lending activities to corporate customers having banking relations with these branches, and 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. The company was founded on January 27, 1921 and is headquartered in Mumbai, India.

Financial Highlights

Mar 2022	INR	USD
Revenue	4,074.35B	54,682.23M
Gross Profit	--	--
Operating income	497,550.36M	6,677.66M
Income before tax	497,386.31M	6,675.46M
Net income	353,738.79M	4,747.55M
EBITDA	--	--
Diluted EPS	39.63	0.53
Dividends Per Share	7.10	0.09
Total Assets	53,608.83B	707,473.90M
Total liabilities	50,440.88B	665,666.52M
Total equity	3,055.88B	40,328.34M
Operating cash flow	1,616.22B	21,691.47M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	3,026.42B	3,323.77B	3,622.57B	3,840.04B	4,074.35B
Gross Profit	--	--	--	--	--
Operating income	-172,503.91M	47,863.62M	245,633.66M	314,570.35M	497,550.36M
Income before tax	-122,449.13M	52,204.84M	303,165.88M	327,959.69M	497,386.31M
Net income	-45,562.90M	22,996.39M	197,678.02M	224,054.57M	353,738.79M
EBITDA	--	--	--	--	--
Diluted EPS	-5.33	2.57	22.14	25.10	39.63
Dividends Per Share	0	0	0	4	7.10
Total Assets	36,164.44B	38,884.64B	41,974.92B	48,456.18B	53,608.83B
Total liabilities	33,815.07B	36,479.31B	39,384.88B	45,604.31B	50,440.88B
Total equity	2,303.21B	2,344.95B	2,510.60B	2,755.61B	3,055.88B
Operating cash flow	316,896.88M	243,072.08M	667,351.81M	780,641.60M	1,616.22B

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	46,946.07M	47,521.36M	51,089.81M	51,728.15M	54,682.23M
Gross Profit	--	--	--	--	--
Operating income	-2,675.88M	684.32M	3,464.21M	4,237.49M	6,677.66M
Income before tax	-1,899.43M	746.39M	4,275.60M	4,417.85M	6,675.46M
Net income	-706.77M	328.78M	2,787.88M	3,018.17M	4,747.55M
EBITDA	--	--	--	--	--
Diluted EPS	-0.08	0.03	0.31	0.33	0.53
Dividends Per Share	0	0	0	0.05	0.09
Total Assets	554,484.91M	561,308.41M	554,847.70M	662,750.68M	707,473.90M
Total liabilities	518,463.58M	526,586.99M	520,611.13M	623,744.68M	665,666.52M
Total equity	35,313.70M	33,849.96M	33,186.51M	37,689.43M	40,328.34M
Operating cash flow	4,915.71M	3,475.30M	9,411.78M	10,515.81M	21,691.47M

Valuation Measures

Mar 2022
PER	12.44
ROA	0.69%
ROE	12.17%
Operating margin	12.21%
Profit margin	8.68%

Key executives

Chairman & Chief Executive Officer: Dinesh Kumar Khara
Chief Operating Officer & Deputy Managing Director: Prabodh Parikh
Deputy Managing Director-Finance: Saloni Narayan
Secretary & Compliance Officer: Shima Devi
Deputy MD-Commercial Clients Group-I: Vadalur Subramanian Radhakrishnan

Shareholders

Government of India (56.9%)
Life Insurance Corporation of India (Investment Portfolio) (8.6%)
SBI Funds Management Pvt Ltd. (3.2%)
HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.7%)
ICICI Prudential Asset Management Co. Ltd. (1.4%)
Nippon Life India Asset Management Ltd. (Invt Mgmt) (0.9%)
Kotak Mahindra Asset Management Co. Ltd. (0.9%)
Aditya Birla Sun Life Amc Ltd. (Investment Management) (0.7%)
UTI Asset Management Co. Ltd. (Investment Management) (0.6%)
Mirae Asset Investment Managers (India) Pvt Ltd. (0.6%)

Contact Details

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

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Competitors

Last Updated on 17 Mar, 2023