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Finance

State Bank of India

  • 247.90 INR
  • +1.65
  • +0.67%
  • India
    Apr 19, 2018
  • Ticker
    BOM(500112)
  • Prev. close
    246.25
  • Market cap (INR)
    2,197.67B
  • Market cap (USD)
    33,426.05M
  • Shares
    8,924.58M

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 provides commercial banking services. It operates through the following business segments: Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business and Other Banking Business. The Treasury segment includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate / Wholesale Banking segment comprises the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group and Stressed Assets Management 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 contains of branches in National Banking Group, which primarily includes personal banking activities, including lending activities to corporate customers. The Insurance Business segment composes of results of SBI Life Insurance Co. Ltd. and SBI General Insurance Co. Ltd. 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 2017 INRUSD
Revenue2,986.84B44,541.80M
Gross Profit----
Operating income9,886.41M147.43M
Income before tax9,448.30M140.89M
Net income2,412.32M35.97M
EBITDA----
Diluted EPS0.310.00
Dividends Per Share2.600.03
Total Assets34,451.21B530,549.26M
Total liabilities32,214.48B496,103.61M
Total equity2,171.92B33,447.62M
Operating cash flow527,810.46M7,871.06M
Currency in INRCurrency in USD

Historical Data

 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 2,000.05B 2,251.08B 2,555.54B 2,736.33B 2,986.84B
Gross Profit -- -- -- -- --
Operating income 259,564.21M 213,717.80M 259,058.50M 181,978.43M 9,886.41M
Income before tax 259,158.83M 213,255.43M 258,545.70M 181,767.90M 9,448.30M
Net income 179,162.31M 141,737.75M 169,942.99M 122,245.95M 2,412.32M
EBITDA -- -- -- -- --
Diluted EPS 26.68 20.40 22.76 15.95 0.31
Dividends Per Share 4.15 3 3.50 2.60 2.60
Total Assets 21,331.08B 23,964.95B 27,001.10B 30,734.83B 34,451.21B
Total liabilities 20,038.21B 22,442.15B 25,332.25B 28,866.23B 32,214.48B
Total equity 1,250.33B 1,473.70B 1,613.87B 1,805.92B 2,171.92B
Operating cash flow 618,226.87M 478,269.55M 566,930.47M 467,033.24M 527,810.46M
 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 36,748.51M 37,248.48M 41,795.92M 41,794.77M 44,541.80M
Gross Profit -- -- -- -- --
Operating income 4,769.16M 3,536.36M 4,236.89M 2,779.53M 147.43M
Income before tax 4,761.72M 3,528.71M 4,228.50M 2,776.31M 140.89M
Net income 3,291.88M 2,345.32M 2,779.41M 1,867.18M 35.97M
EBITDA -- -- -- -- --
Diluted EPS 0.49 0.33 0.37 0.24 0.00
Dividends Per Share 0.07 0.04 0.05 0.03 0.03
Total Assets 392,476.33M 401,271.78M 431,456.70M 464,114.60M 530,549.26M
Total liabilities 368,688.49M 375,773.90M 404,789.82M 435,897.64M 496,103.61M
Total equity 23,005.15M 24,675.88M 25,788.48M 27,270.54M 33,447.62M
Operating cash flow 11,359.14M 7,913.88M 9,272.13M 7,133.45M 7,871.06M

Valuation Measures

Mar 2017
PER943.87
ROA0.00%
ROE0.12%
Operating margin0.33%
Profit margin0.08%

Key executives

  • Chairman & Co-Managing Director: Rajnish Kumar
  • 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

Shareholders

  • Government of India (56.6%)
  • Life Insurance Corp. of India (10.3%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.3%)
  • ICICI Prudential Asset Management Co. Ltd. (2.0%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (1.5%)
  • SBI Funds Management Pvt Ltd. (1.2%)
  • Capital Research & Management Co. (World Investors) (1.1%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (0.6%)
  • BlackRock Fund Advisors (0.6%)
  • Norges Bank Investment Management (0.5%)

Contact Details

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

Related Companies

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  • State Bank of India (South Korea)
  • State Bank of India (Syndney Branch)
  • State Bank of India (DIFC Branch)
  • Indo-Nigerian Bank Ltd.
  • State Bank of India (Qatar Branch)
  • State Bank of India (Israel Branch)
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  • State Bank of India (Singapore Branch)
  • State Bank of India (Panama Branch)
  • State Bank of India (Tanzania Branch)
  • State Bank of India (Germany Branch)
  • State Bank of India (Botswana) Ltd.
  • State Bank of India (Muscat Branch)
  • State Bank of India (Paris Branch)
  • State Bank of India (Saudi Arabia Branch)
  • State Bank of India (Australia Branch)
  • State Bank of India (South Africa Branch)
  • SBI Mutual Fund Trustee Co. Ltd.
  • SBI Life Insurance Co. Ltd.
  • State Bank of India (Belgium)
  • Purvanchal Bank
  • State Bank of India /Dubai City Branch/
  • State Bank of India /Shanghai Branch/
  • State Bank of India (Colombo Branch)
  • Bharatiya Mahila Bank Ltd.
  • State Bank of India (Tokyo Branch)
  • Nepal SBI Bank Ltd.

Competitors

    Last Updated on 19 Apr, 2018

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