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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 engages in the provision of commercial banking services. It operates through the following segments: Treasury, Corporate/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 / 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 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 2020 INRUSD
Revenue3,622.57B51,089.81M
Gross Profit----
Operating income245,633.66M3,464.21M
Income before tax303,165.88M4,275.60M
Net income197,678.02M2,787.88M
EBITDA----
Diluted EPS22.140.31
Dividends Per Share00
Total Assets41,974.92B554,847.70M
Total liabilities39,384.88B520,611.13M
Total equity2,510.60B33,186.51M
Operating cash flow667,351.81M9,411.78M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 2,736.33B 2,986.84B 3,026.42B 3,323.77B 3,622.57B
Gross Profit -- -- -- -- --
Operating income 181,978.43M 9,886.41M -172,503.91M 47,863.62M 245,633.66M
Income before tax 181,767.90M 9,448.27M -122,449.13M 52,204.84M 303,165.88M
Net income 122,245.95M 2,412.32M -45,562.90M 22,996.39M 197,678.02M
EBITDA -- -- -- -- --
Diluted EPS 15.95 0.31 -5.33 2.57 22.14
Dividends Per Share 2.60 2.60 0 0 0
Total Assets 30,734.83B 34,451.21B 36,164.44B 38,884.64B 41,974.92B
Total liabilities 28,866.23B 32,214.48B 33,815.07B 36,479.31B 39,384.88B
Total equity 1,805.92B 2,171.92B 2,303.21B 2,344.95B 2,510.60B
Operating cash flow 467,033.24M 527,810.46M 316,896.88M 243,072.08M 667,351.81M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 41,794.77M 44,541.77M 46,946.07M 47,521.36M 51,089.81M
Gross Profit -- -- -- -- --
Operating income 2,779.53M 147.43M -2,675.88M 684.32M 3,464.21M
Income before tax 2,776.31M 140.89M -1,899.43M 746.39M 4,275.60M
Net income 1,867.18M 35.97M -706.77M 328.78M 2,787.88M
EBITDA -- -- -- -- --
Diluted EPS 0.24 0.00 -0.08 0.03 0.31
Dividends Per Share 0.03 0.03 0 0 0
Total Assets 464,114.60M 530,549.26M 554,484.91M 561,308.41M 554,847.70M
Total liabilities 435,897.64M 496,103.61M 518,463.58M 526,586.99M 520,611.13M
Total equity 27,270.54M 33,447.62M 35,313.70M 33,849.96M 33,186.51M
Operating cash flow 7,133.45M 7,871.06M 4,915.71M 3,475.30M 9,411.78M

Valuation Measures

Mar 2020
PER8.89
ROA0.48%
ROE8.14%
Operating margin6.78%
Profit margin5.45%

Key executives

  • Managing Director & Director: Challa Sreenivasulu Setty
  • Chief Operating Officer & Deputy Managing Director: B. Ramesh Babu
  • Chief Financial Officer & Deputy Managing Director: Venkat Nageswar Chalasani
  • Chief Information Officer & Deputy MD: Dhananjay Arvind Tambe
  • Chief Information Security Officer & Chief FM: Ramana Murthy Yerasuri Venkata

Shareholders

  • Government of India (56.9%)
  • Life Insurance Corp of India (9.1%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.6%)
  • SBI Funds Management Pvt Ltd. (2.9%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (1.5%)
  • ICICI Prudential Asset Management Co. Ltd. (1.2%)
  • GIC Pte Ltd. (Investment Management) (1.1%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (0.8%)
  • Kotak Mahindra Asset Management Co. Ltd. (0.7%)
  • Norges Bank Investment Management (0.7%)

Contact Details

  • Website:http://www.sbi.co.in
  • Address: Corporate Centre, 14th Floor, State Bank Bhavan, Mumbai, 400021, India
  • Phone: +91.22.22740841

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  • SBI Mutual Fund Trustee Co. Ltd.
  • SBI Life Insurance Co. Ltd.

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