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Finance

State Bank of India

  • 274.45 INR
  • +13.30
  • +5.09%
  • India
    Oct 17, 2018
  • Ticker
    BOM(500112)
  • Prev. close
    261.15
  • Market cap (INR)
    2,330.65B
  • Market cap (USD)
    31,655.76M
  • 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 engages in the provision of commercial banking services. It operates through the following business 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 2018 INRUSD
Revenue3,076.78B47,727.27M
Gross Profit----
Operating income-122,141.81M-1,894.66M
Income before tax-122,449.10M-1,899.43M
Net income-45,562.90M-706.77M
EBITDA----
Diluted EPS-5.34-0.08
Dividends Per Share00
Total Assets36,164.33B554,483.13M
Total liabilities33,814.95B518,461.81M
Total equity2,303.21B35,313.70M
Operating cash flow316,896.88M4,915.71M
Currency in INRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 2,251.08B 2,555.54B 2,736.33B 2,986.84B 3,076.78B
Gross Profit -- -- -- -- --
Operating income 213,717.80M 259,058.50M 181,978.43M 9,886.41M -122,141.81M
Income before tax 213,255.43M 258,545.70M 181,767.90M 9,448.27M -122,449.10M
Net income 141,737.75M 169,942.99M 122,245.95M 2,412.32M -45,562.90M
EBITDA -- -- -- -- --
Diluted EPS 20.40 22.76 15.95 0.31 -5.34
Dividends Per Share 3 3.50 2.60 2.60 0
Total Assets 23,964.95B 27,001.10B 30,734.83B 34,451.21B 36,164.33B
Total liabilities 22,442.15B 25,332.25B 28,866.23B 32,214.48B 33,814.95B
Total equity 1,473.70B 1,613.87B 1,805.92B 2,171.92B 2,303.21B
Operating cash flow 478,269.55M 566,930.47M 467,033.24M 527,810.46M 316,896.88M
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 37,248.48M 41,795.92M 41,794.77M 44,541.77M 47,727.27M
Gross Profit -- -- -- -- --
Operating income 3,536.36M 4,236.89M 2,779.53M 147.43M -1,894.66M
Income before tax 3,528.71M 4,228.50M 2,776.31M 140.89M -1,899.43M
Net income 2,345.32M 2,779.41M 1,867.18M 35.97M -706.77M
EBITDA -- -- -- -- --
Diluted EPS 0.33 0.37 0.24 0.00 -0.08
Dividends Per Share 0.04 0.05 0.03 0.03 0
Total Assets 401,271.78M 431,456.70M 464,114.60M 530,549.26M 554,483.13M
Total liabilities 375,773.90M 404,789.82M 435,897.64M 496,103.61M 518,461.81M
Total equity 24,675.88M 25,788.48M 27,270.54M 33,447.62M 35,313.70M
Operating cash flow 7,913.88M 9,272.13M 7,133.45M 7,871.06M 4,915.71M

Valuation Measures

Mar 2018
PER--
ROA-0.12%
ROE-2.03%
Operating margin-3.96%
Profit margin-1.48%

Key executives

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

Shareholders

  • Government of India (57.6%)
  • Life Insurance Corp. of India (10.0%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.1%)
  • ICICI Prudential Asset Management Co. Ltd. (2.3%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (1.9%)
  • SBI Funds Management Pvt Ltd. (1.5%)
  • Capital Research & Management Co. (World Investors) (1.1%)
  • BlackRock Fund Advisors (0.5%)
  • Franklin Templeton Asset Management (India) Pvt Ltd. (0.5%)
  • Kotak Mahindra Asset Management Co. Ltd. (0.5%)

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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  • Nepal SBI Bank Ltd.

Competitors

    Last Updated on 17 Oct, 2018

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