Introduction

State Bank of India (SBI) is an Indian multinational public sector bank and financial

services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in
the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of
2020, being the only Indian bank on the list.[6] It is a public sector bank and the largest bank in
India with a 23% market share by assets and a 25% share of the total loan and deposits market.
[7]
 It is also the fifth largest employer in India with nearly 250,000 employees.

SBI has over 24000 branches in India.[16] In the financial year 2012–13, its revenue was ₹2.005
trillion (US$27 billion), out of which domestic operations contributed to 95.35% of revenue.
Similarly, domestic operations contributed to 88.37% of total profits for the same financial year.[16]
SBI is one of the largest employers in the world with 245,652 employees as on 31 March 2021.
Out of the total workforce, the representation of women employees is nearly 26%. The
percentage of Officers, Associates and Subordinate staffs was 44.28%, 41.03% and 14.69%
respectively on the same date. Each employee contributed a net profit of ₹828,350 (US$11,000)
during FY 2020–21

Contribution to gdp

The state-owned lender added that with 20.1% GDP growth clocked in Q1 of FY22 "it (FY22
GDP growth estimate) has now come down to 9.3%" State Bank of India's (SBI) economic
research department has estimated the country's GDP (Gross Domestic Product) growth to
be 8.5-9% in the current financial year.

Market and growth

It is a public sector bank and the largest bank in India with a 23% market share by
assets and a 25% share of the total loan and deposits market.
...

SBI provides a range of banking products through its network of branches in India and overseas,
including. SBI has 16 regional hubs and 57 zonal offices that are located at important cities
throughout India.

International
As of 2014–15, the bank had 191 overseas offices spread over 36 countries having the largest
presence in foreign markets among Indian banks.[18]

 SBI Australia[19]

 SBI Bangladesh[20]

 SBI Behrain

 SBI Botswana
Non-banking subsidiaries
Apart from five of its associate banks (merged with SBI since 1 April 2017), SBI's non-banking
subsidiaries include:

 SBI Capital Markets Ltd

 SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)
 SBI Life Insurance Company Limited
 SBI Mutual Fund
In March 2001, SBI (with 74% of the total capital), joined with BNP Paribas (with 26% of the
remaining capital), to form a joint venture life insurance company named SBI Life Insurance
company Ltd.

Other SBI service points

As of 31 March 2017, the SBI group had 59,291 ATMs.[37] Since November 2017, SBI also offers
an integrated digital banking platform named YONO.

Yes Bank Investment
State Bank of India acquired 48.2% of the shares of Yes Bank as part of RBI directed rescue
deal in March 2020.

Listings and shareholdings of sbi includes

Shareholders Shareholding

Promoters: Government of
56.92%
India

FIIs/GDRs/OCBs/NRIs 10.94%

Banks & Insurance Companies 10.63%

Mutual Funds & UTI 13.72%

Others 07.79%

Total 100.0%

We have identified factors which may impact the demand in the near term.

Asset Quality
State Bank of India’s asset quality deteriorated sharply with over Rs 10,000 crore slippages which led to a sharp increase in
Gross NPA at close to 4.99 per cent.

Given that the bank has high exposure to agri loans (forms 13 per cent of loan book as of FY12) and the fact that slippages
have been far higher than expected, there is a higher possibility for the bank to report higher slippages in the coming
quarters.

Asset quality remains a huge concern for SBI and the PSU banking space.

However, SBI has maintained capital adequacy ratio to support future growth.

The bank continues to be well capitalized to support its growth  ..

Provisions

Profits increased by 137 per cent YoY primarily on the back of a lower base and decline in provisions, or the funds set aside
for bad loans and contingencies, which were down 41 per cent to Rs 2,560 crore.

During the quarter, the bank reduced its provisions by 4.88 per cent QoQ and 32.32 per cent YoY to Rs 3,346.16 crore,
which has boosted the bottomline.

Net Interest Income

Net interest income grew by 14.6 per cent YoY, far below than ET Poll expectations (24.4 per cent).

Valuations

Jain of Microsec Capital maintains a ‘buy’ on the back of strong fundamentals. At the current market price of Rs 1,972, SBI
is trading at 1.13x FY13BV and 0.98x FY14BV.