- Strong liability franchisee with trend setting abilities in terms of rates
- Best operating metrics in the PSU banking space
SBI is a public sector bank and also the largest bank in India with a balance sheet size of ~ ₹ 48 lakh crore.
SBI is a public sector bank and also the largest bank in India with a balance sheet size of ~ ₹ 48 lakh crore.
Healthy performance on the asset quality front and growth.
1. Profitability:
- Net profit for Q2FY24 at Rs 14,330 crore, showing a growth of 8.03% YoY.
- Operating profit for Q2FY24 is at Rs 19,417 crore, reflecting a decline of 8.07% YoY.
- Bank's ROA and ROE for H1FY24 stand at 1.10% and 22.57% respectively.
- Net Interest Income (NII) for Q2FY24 increased by 12.27% YoY.
2. Balance Sheet:
- Credit growth at 12.39% YoY, with Domestic Advances growing by 13.21% YoY.
- Foreign Offices' Advances grew by 8.11% YoY.
- Domestic Advances growth driven by SME Advances (22.75% YoY) followed by Retail Personal Advances which grew by 15.68% YoY.
- Whole Bank Deposits grew at 11.91% YoY, out of which CASA Deposit grew by 4.91% YoY. CASA ratio stands at 41.88% as of September 30, 2023.
3. Asset Quality:
- Gross NPA ratio at 2.55% improved by 97 bps YoY.
- Net NPA ratio at 0.64% improved by 16 bps YoY.
- PCR (Incl. AUCA) improved by 39 bps YoY and stands at 91.93%.
- Slippage Ratio for H1FY24 improved by 16 bps YoY and stands at 0.70%.
4. Capital Adequacy:
- Capital Adequacy Ratio (CAR) as at the end of Q2FY24 improved by 77 bps YoY and stands at 14.28%.
5. Alternate Channels:
- 61% of SB accounts and 39% of retail asset accounts acquired digitally through YONO.
- Share of Alternate Channels in total transactions increased from ~96.8% in H1FY23 to ~97.7% in H1FY24.
Equity Capital: 358,931.32 Cr FV: 1.00
Period | MF Net Purchase / (sold) | FII Net |
---|---|---|
LAST 1M | 19,382.05 | 35,983.55 |
LAST 3M | 58,542.74 | 18,995.44 |
LAST 6M | 99,640.08 | 90,958.37 |
LAST 12M | 166,983.77 | 138,194.89 |
Date | Action Type | Ratio |
---|---|---|
May 31, 2023 | Dividend | 1130 |
May 25, 2022 | Dividend | 710 |
Jun 03, 2021 | Dividend | 400 |
State Bank of India is a Financial sector company, having a market capitalization of worth Rs.3,03,347.55 Cr as of 16 April 2021. The bank was incorporated in 1806. The bank has reported its consolidated quarterly revenue of Rs.66,734.50 Cr as of December 2020. The bank is listed as a constituent of the Bombay Stock Exchange (BSE) with the code 500112 and the National Stock Exchange (NSE) with the symbol (SBIN). State Bank of India (SBI), formerly known as Imperial Bank of India, is the largest and the oldest bank in the country. It is ranked 43rd largest bank in the world. This public-sector bank has many subsidiaries like SBI Life Insurance Ltd., SBI General Insurance, Yes Bank, etc. The State Bank of India is the world's largest and oldest public sector commercial bank, with over twenty decades of experience servicing customers in and across the country. The bank was established as the Imperial Bank of India when the Bank of Madras, the Bank of Bombay and the Bank of Calcutta merged and renamed as the State Bank of India in the year 1955 by the Indian Government who took 60 per cent of the stake of the Imperial Bank of India with Reserve Bank of India (India's central bank), renaming it State Bank of India. The Government of India bought all of RBI's holdings in the bank in 2007. The bank has over 24000 branches in India as of 1 April 2017, and among the Indian banks, this bank has the most extensive presence in foreign markets with about 200 overseas offices in over 36 countries, including Australia, Bangladesh, Canada, UK, Mauritius, SBI Sri Lanka, Nepal, Moscow, Kenya and Seoul to name a few. It's a public-sector bank with many subsidiaries like SBI Life Insurance Ltd., SBI General Insurance, SBI Mutual Fund, SBI Capital Markets Ltd, SBI Cards & Payments Services Pvt. Ltd., Yes bank etc. functioning under it. It handles its operations through segments like Treasury, which includes the whole investment portfolio and trading in FOREX and derivative contracts. The Corporate or Wholesale Banking, that constitutes the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group, and Stressed Assets Management Group to provide loans and transaction services to corporate and institutional clients. The Retail Banking segment has branches in National Banking Group that primarily comprises personal banking activities, which include lending activities to its corporate customers. The Other Banking business segment manages the operations of all its non-banking subsidiaries and joint ventures.
State Bank Bhavan 14th Floor, Madame Cama Road Nariman Point, Mumbai, Maharashtra, 400021
Tel | : | 91-22-22740841/42/43/44/45/46/47/48 |
: | gm.snb:sbi.co.in/investor.complaints:sbi.co.in | |
Website | : | http://www.sbi.co.in |
Alankit Assignments Ltd
AGM Date (Month) | : | Jun |
Face Value Equity Shares | : | 1 |
Market Lot Equity Shares | : | 1 |
BSE Code | : | 500112 |
NSE Code | : | SBIN |
Book Closure Date (Month) | : | |
BSE Group | : | A |
ISIN | : | INE062A01020 |
You can buy State Bank of India shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy State Bank of India Share.
Company share prices and volatile and keep changing according to the market conditions. As of Dec 08, 2023 04:05 PM the closing price of State Bank of India was ₹ 614.15.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 08, 2023 04:05 PM, the market cap of State Bank of India stood at ₹ 548,105.05.
The latest PE ratio of State Bank of India as of Dec 08, 2023 04:05 PM is 8.03
The latest PB ratio of State Bank of India as of Dec 08, 2023 04:05 PM is 0.67
The 52-week high of State Bank of India is ₹ 629.55 while the 52-week low is ₹ 499.35
According to analyst recommendations, State Bank of India has a “Buy” rating for the long term.