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Finance

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 INRUSD
Revenue4,074.35B54,682.23M
Gross Profit----
Operating income497,550.36M6,677.66M
Income before tax497,386.31M6,675.46M
Net income353,738.79M4,747.55M
EBITDA----
Diluted EPS39.630.53
Dividends Per Share7.100.09
Total Assets53,608.83B707,473.90M
Total liabilities50,440.88B665,666.52M
Total equity3,055.88B40,328.34M
Operating cash flow-4,570.23B-61,337.51M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 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 -3,158.77B -2,339.76B -4,570.23B
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 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 -44,548.79M -31,518.37M -61,337.51M

Valuation Measures

Mar 2022
PER12.44
ROA0.69%
ROE12.17%
Operating margin12.21%
Profit margin8.68%

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: Sham K.
  • 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) (1.8%)
  • ICICI Prudential Asset Management Co. Ltd. (1.4%)
  • Kotak Mahindra Asset Management Co. Ltd. (1.0%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (0.9%)
  • Mirae Asset Investment Managers (India) Pvt Ltd. (0.7%)
  • Aditya Birla Sun Life Amc Ltd. (Investment Management) (0.6%)
  • UTI Asset Management Co. Ltd. (Investment Management) (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 30 Nov, 2022

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