BSE: 500112 | NSE: SBIN | Bank - Public | Large Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that State Bank Of India is a good quality company.
The key valuation ratios of State Bank Of India's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of State Bank Of India is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income (₹ Cr.) | 55,015 | 57,195 | 61,860 | 74,854 | 88,349 | 98,085 | 1,10,710 | 1,20,708 | 1,44,841 | 1,59,876 | 1,64,216 | |
| YoY Gr. Rt. % | - | 4% | 8.2% | 21% | 18% | 11% | 12.9% | 9% | 20% | 10.4% | - | |
| Total Income | 1,74,973 | 1,91,844 | 2,10,979 | 2,65,100 | 2,79,644 | 3,02,545 | 3,08,647 | 3,16,021 | 3,68,719 | 4,66,813 | 4,98,434 | |
| YoY Gr. Rt. % | - | 9.6% | 10% | 25.7% | 5.5% | 8.2% | 2% | 2.4% | 16.7% | 26.6% | - | |
| Adj EPS (₹ ) | 17.6 | 12.8 | 13.2 | -7.3 | 1 | 16.2 | 22.9 | 35.5 | 56.3 | 68.4 | 73.1 | |
| YoY Gr. Rt. % | - | -27% | 2.6% | -155.8% | NA | 1573.2% | 40.9% | 55.2% | 58.6% | 21.6% | - | |
| BVPS (₹ ) | 172 | 185.9 | 196.5 | 217.7 | 219.9 | 233.3 | 258.1 | 287.6 | 336 | 391.8 | 439.2 | |
| YoY Gr. Rt. % | - | 8% | 5.8% | 10.8% | 1% | 6.1% | 10.6% | 11.5% | 16.8% | 16.6% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0.7 | 0.5 | 0.4 | -0.2 | 0 | 0.4 | 0.5 | 0.7 | 1 | 1 | 0.9 | |
| To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net NPA to Net Advances (%) | 2.1 | 3.8 | 3.7 | 5.7 | 3 | 2.2 | 1.5 | 1 | 0.7 | 0.6 | 0.5 | |
| To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Capital Adequacy Ratio (%) | - | - | - | - | - | - | - | - | - | - | - | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 12.6% | 12.6% | 13% | 10.4% | ||||
| Total Income | 11.5% | 10.8% | 14.8% | 26.6% | ||||
| Adj EPS | 16.3% | 134.3% | 44.1% | 21.6% | ||||
| BVPS | 9.6% | 12.3% | 14.9% | 16.6% | ||||
| Share Price | 8.6% | 18.2% | 14.1% | 23.3% | ||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Earned / Total Income | 87.1 | 85.49 | 83.19 | 83.18 | 86.85 | 85.05 | 85.91 | 87.16 | 90.07 | 88.93 | 88.9 | |
| Margins | To view Margins Colour Rating Guide click here ⓘ | |||||||||||
| NIM (%) | 2.8 | 2.6 | 2.5 | 2.4 | 2.6 | 2.7 | 2.7 | 2.6 | 2.9 | 2.8 | 2.6 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 10.6 | 7.3 | 7 | -3.7 | 0.4 | 7.2 | 9.3 | 13 | 18.1 | 18.8 | 15.1 | |
| Liquidity Ratio | To view Liquidity Ratio Colour Rating Guide click here ⓘ | |||||||||||
| CASA (%) | 41.3 | 42.6 | 44.6 | 44.5 | 44.6 | 44.2 | 45.4 | 44.5 | 42.7 | 39.9 | - | |
Return on Equity has increased versus last 3 years average to 17.60%
Total Income has increased 14.79 CAGR in last 3 years
Net Profit has increased 44.11 CAGR in last 3 years
Net NPA to Net Advances has declined versus last 3 years average
Total income growth is good in last 4 quarters
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 73.1 | 80.2 |
| TTM Sales (₹ Cr.) | 4,43,173 | 4,69,625 |
| BVPS (₹.) ⓘ | 439.2 | 488 |
| Reserves (₹ Cr.) ⓘ | 3,91,111 | 4,34,602 |
| P/BV ⓘ | 1.71 | 1.54 |
| PE ⓘ | 10.31 | 9.39 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 600.70 / 912.10 |
| All Time Low / High (₹) | 13.20 / 912.10 |
| Market Cap (₹ Cr.) | 6,72,247 |
| Equity (₹ Cr.) | 892.5 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 9.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
The country's largest bank reported its highest-ever annual profit of Rs 61,077 crore, marking a 22% improvement YoY. The net profit for Q4FY24 was particularly strong, standing at Rs 20,698 crore, a rise of 23.98% YoY. The Return on Assets (ROA) for FY24 was at 1.04%, up by 8 basis points YoY, and the Return on Equity (ROE) reached 20.32%, up by 89 basis points YoY.
Loan Growth
As of March, SBI’s overall advances grew by 15% YoY, reaching a balance sheet size of ?62 trillion. The growth was driven by a 14.7% increase in retail loans. Additionally, loans in the small business and agriculture sectors rose by 20.5% and 17.9% respectively. The corporate segment, which makes up 35% of the bank's domestic loan portfolio, also experienced strong growth, rising by 16% YoY. Consequently, the bank's overall loan book in India expanded by 16.3% YoY in FY24.
SBI Chairman Dinesh Kumar Khara expects FY24’s loan growth to sustain in FY25 and net interest margin maintained at the current level. In FY25, management guided a credit growth in the range of 13 -15% (15.24 % in FY24) and 12-13% rise in deposits (11.13 % in FY24).
Capital Adequacy
At the analyst meeting, Mr. Khara noted that the current capital adequacy ratio, which stood at 14.28% as of March 2024, is sufficient to support up to ?7 lakh crore of balance sheet growth. However, the bank is open to raising equity capital if necessary. The capital adequacy ratio measures a bank's capital against its risk-weighted assets and indicates how well the bank is capitalized both to absorb potential losses from bad assets and to support growth.
Deposit Growth
SBI is well-positioned relative to its peers, with a credit-to-deposit ratio (CD ratio) of 68% on its domestic book, which is significantly lower than the banking industry's average CD ratio. However, the CASA ratio for SBI has decreased from 43.80% to 41.11% in FY24.
SBI has observed an upward trend in its domestic cost of deposits over the past four quarters, a factor that directly influences the bank's net interest margin (NIM)—a critical measure of profitability. As of Q4, the cost of deposits stood at 4.81%, a slight increase from 4.75% in the previous quarter.
Management has indicated comfort with a credit-to-deposit (CD) ratio of up to 75%. Although SBI's domestic margin currently falls below those of larger private sector peers like ICICI Bank, there is potential to enhance margins by increasing the CD ratio in the future.
Asset Quality
SBI's asset quality has shown improvement, evidenced by a decline in both gross and net non-performing asset ratios (GNPA and NNPA). Furthermore, the slippage ratio—indicative of fresh accretion to NPAs—has not only moderated over the past few years but also reached a record low in FY24. As a result, the credit cost has further declined. A key consideration going forward is whether SBI can sustain these record-low levels of credit cost.
Operating Income
Operating expenses at SBI rose by 20% year-over-year in FY24, primarily driven by wage revisions and pension-related provisions. As a result, the cost-to-income ratio (C/I) reached approximately 56% for the fiscal year. Excluding the impact of wage revisions and a one-time item, the C/I ratio would have been around 49%.
|
Particulars |
Q1FY24 |
YoY Trend |
Comments |
|
Advances |
33,03,731 |
+14% |
Growth across segments, driven by retail personal and agri verticals |
|
Net Interest Income |
38,905 |
+25% |
|
|
PAT |
16,884 |
+178% |
PAT almost doubled largely due to treasury gains |
Company delivered strong performance with healthy PAT growth and 1.22% RoA (return on assets). Management guided ~15% YoY credit growth for FY24.
|
|
Q4FY23 |
% Change YoY |
Comments |
|
Advances |
31,99,269 |
17.0% |
|
|
Deposits |
44,23,777 |
9.2% |
|
|
Net Interest Income (NII) |
40,392.5 |
29.5% |
NIM at 3.84% |
|
Gross Non-Performing Asset (GNPA) |
2.78% |
-118 bps |
|
|
Profit after tax (PAT) |
16,694.5 |
83.2% |
|
Results were good on account of GNPA improvement.
State Bank of India Ltd
Market Cap 545,829Cr
CMP 612
P/B 1.84xFY23
|
Results |
(INR Cr) |
YoY Growth |
Comments |
|
Advances |
30,35,071 |
19.93% |
Healthy loan growth across all segments |
|
Net Interest Income |
35,183 |
12.83% |
NIM improved by 8bps to 3.32% on yearly basis |
|
Net Profit |
13,264.62 |
76% |
Provisions declined by 25.5% to 2,011 Cr |
Key Highlights
State Bank of India | Market Cap: Rs. 4,59,662 Cr
CMP 515 | P/B 1.7x FY23
|
Results |
(Rs. Cr) |
Y-o-Y Growth |
Comments |
|
Advance |
28,76,456 |
15.8% |
Healthy growth in retail segment (18.6%), led by robust growth in Home loans (14%) and Xpress Credit (32%). |
|
Net Interest Income |
31,196 |
13% |
Benefit from the re-pricing of floating rate loan portfolio |
|
Net Profit |
6,068 |
-7% |
Dragged down by MTM loss of Rs. 6,550 Cr on treasuries and a slight decline in margin |
Key highlights:
Management Outlook
Theme: Setting New Standards in Banking Excellence
Excerpts from the FY22 SBI Annual report-
"SBI is no stranger to embracing technology disruptions. In our desire to future-proof our businesses, we have adopted fintech as an opportunity to automate decision-making and improve efficiency. If the rising adoption of online and mobile banking in millennials is any indication, it is likely that the brick-and-mortar banking will have less relevance to the younger generation. The cashless economy is driving digital transformation faster than ever, with more banking organisations adopting digital banking. At SBI, we are highly cognisant of this trend, and we are leading the digital transformation drive to serve an increasingly digital India" SBI has been one of the earky adopters of technology in its business operations. It has leveraged its size and scale to reach a better position to survive and thrive in the digital age.
"Using technology, we have enhanced our ability to sense, think and act, and augment decision-making process. What’s more? We are using technology to capture deeper insights to address customer’s pain points at various points of contact. This is unifying all our systems for an enhanced customer experience. As a result, our customers can do more in lesser time."
YONO resembles the success that the bank has achieved and the same is visible in the numbers of YONO.
"Our flagship all-encompassing digital platform, YONO, is testimony to our prowess in delivering cutting-edge digital services to millions of customers. Customers are increasingly choosing to bank with us online and YONO is seamlessly connecting us with them.
As of 31st March 2022, YONO has set a record with 111.74 million downloads, 26K new digital Savings Bank accounts per day and 48.35 million registered users. These numbers are telling indicators of the potential digital banking holds for SBI. At SBI, we are using the power of analytics to help us lower the barriers to omni-channel digital banking adoption."
Stellar Business Performance in FY22
Total Income: Rs 406,973 Cr (6% growth)
Gross NPA: 3.97% (4.98% in FY21)
Net Profit: Rs 36,356 Cr (50% growth)
Total Customers: 46.77 Cr (added 85 lakh new customers)
Branches & ATMs: 22,266 & 65,030 respectively
SBI’s Advances stood at Rs. 27,94,076 Cr for the FY22, registering a growth of 11.7% on a YoY basis. Bank’s Net Interest Income was at Rs. 1,20,708 Cr for FY22, registering a growth of 9%.
Savings Account Deposits grew by 10.5% to Rs. 15,26,857 crore while Current Account Deposits declined 3.5% to Rs. 2,76,724 crore. Time Deposits stood at Rs. 22,47,953 crore, representing an increase of 11.8%. CASA Deposits accounted for 45.3% of Total Deposits, second highest in the industry after Kotak Mahindra Bank.
Diversified Revenue Mix from Core Business:
Healthy Loan Book breakup:
Highlights from the management
MoneyWorks4me Subscribers can click here for our latest opinion & recommendation on thiscompany
Future Prospects given by Management
Annual Reports is a very elaborate document and shares lot of information; at times doesn’t necessarily help to form opinion about a company or it’s potential. We carve out only important information about company’s strategy and future prospects for your benefit.
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 1,74,973 | 1,91,844 | 2,10,979 | 2,65,100 | 2,79,644 | 3,02,545 | 3,08,647 | 3,16,021 | 3,68,719 | 4,66,813 |
| Interest Income | 1,52,397 | 1,63,998 | 1,75,518 | 2,20,499 | 2,42,869 | 2,57,324 | 2,65,151 | 2,75,457 | 3,32,103 | 4,15,131 |
| Other Income ⓘ | 22,576 | 27,845 | 35,461 | 44,601 | 36,775 | 45,221 | 43,496 | 40,564 | 36,616 | 51,682 |
| Expenditure | 1,61,871 | 1,81,893 | 2,00,495 | 2,71,647 | 2,78,781 | 2,88,057 | 2,88,237 | 2,84,345 | 3,18,486 | 4,05,736 |
| Interest Expense | 97,382 | 1,06,803 | 1,13,659 | 1,45,646 | 1,54,520 | 1,59,239 | 1,54,441 | 1,54,750 | 1,87,263 | 2,55,255 |
| Operating Expenses | 38,054 | 41,782 | 46,473 | 59,943 | 69,688 | 75,174 | 82,652 | 93,398 | 97,743 | 1,24,861 |
| Provisions | 26,436 | 33,307 | 40,364 | 66,058 | 54,574 | 53,645 | 51,144 | 36,198 | 33,481 | 25,621 |
| Profit Before Tax | 19,314 | 13,774 | 14,855 | -15,528 | 2,307 | 24,802 | 27,541 | 43,422 | 67,206 | 81,783 |
| Taxes | 6,212 | 3,823 | 4,371 | -8,981 | 1,445 | 10,314 | 7,131 | 11,746 | 16,973 | 20,706 |
| Profit After Tax | 13,102 | 9,951 | 10,484 | -6,547 | 862 | 14,488 | 20,410 | 31,676 | 50,232 | 61,077 |
| Adjusted EPS (₹) | 17.55 | 12.82 | 13.15 | -7.34 | 0.97 | 16.23 | 22.87 | 35.49 | 56.29 | 68.44 |
| Dividend Payout Ratio (%) | 20% | 20% | 20% | 0% | 0% | 0% | 17% | 20% | 20% | 20% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Share Capital ⓘ | 747 | 776 | 797 | 892 | 892 | 892 | 892 | 892 | 892 | 892 |
| Total Reserves ⓘ | 1,27,692 | 1,43,498 | 1,87,489 | 2,18,236 | 2,20,021 | 2,31,115 | 2,52,983 | 2,79,196 | 3,26,716 | 3,76,354 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deposits | 15,76,793 | 17,30,722 | 20,44,751 | 27,06,343 | 29,11,386 | 32,41,621 | 36,81,277 | 40,51,534 | 44,23,778 | 49,16,077 |
| Borrowings ⓘ | 2,05,150 | 3,23,345 | 3,17,694 | 3,62,142 | 4,03,017 | 3,14,656 | 4,17,298 | 4,26,043 | 4,93,135 | 5,97,561 |
| Other Liabilities | 1,37,698 | 1,59,276 | 1,55,235 | 1,67,138 | 1,45,597 | 1,63,110 | 1,81,980 | 2,29,932 | 2,72,457 | 2,88,809 |
| Total Liabilities ⓘ | 20,48,080 | 23,57,617 | 27,05,966 | 34,54,752 | 36,80,914 | 39,51,394 | 45,34,430 | 49,87,597 | 55,16,979 | 61,79,694 |
Assets | ||||||||||
| Balance with RBI | 1,15,884 | 1,29,629 | 1,27,998 | 1,50,397 | 1,76,932 | 1,66,736 | 2,13,202 | 3,18,265 | 2,47,088 | 2,25,142 |
| Balance with Banks | 38,872 | 37,838 | 43,974 | 41,501 | 45,558 | 84,361 | 1,29,837 | 76,287 | 60,812 | 85,660 |
| Investments ⓘ | 4,81,759 | 5,75,652 | 7,65,990 | 10,60,987 | 9,67,022 | 10,46,954 | 13,51,705 | 14,81,445 | 15,70,366 | 16,71,340 |
| Advances | 13,00,026 | 14,63,700 | 15,71,078 | 19,34,880 | 21,85,877 | 23,25,290 | 24,49,498 | 27,33,967 | 31,99,269 | 37,03,971 |
| Net Block ⓘ | 9,042 | 9,819 | 42,345 | 39,201 | 38,509 | 38,023 | 38,067 | 37,467 | 42,101 | 42,126 |
| Other Assets | 1,02,210 | 1,40,408 | 1,54,008 | 2,26,994 | 2,66,328 | 2,89,614 | 3,51,769 | 3,39,925 | 3,97,062 | 4,50,964 |
| Total Assets ⓘ | 20,48,080 | 23,57,617 | 27,05,966 | 34,54,752 | 36,80,914 | 39,51,394 | 45,34,430 | 49,87,597 | 55,16,979 | 61,79,694 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 27,621 | 11,197 | 11,060 | -85,425 | 34,628 | 25,688 | 89,866 | 58,415 | -91,352 | 19,022 |
| Cash Flow From Investing Activity ⓘ | -3,258 | -3,748 | -3,148 | 879 | -3,959 | -2,977 | -3,354 | -2,613 | -3,297 | -3,053 |
| Cash Flow From Financing Activity ⓘ | -2,289 | 4,506 | -1,780 | 4,291 | -1,088 | 3,352 | 5,633 | -5,178 | 5,202 | -13,855 |
| Net Cash Flow ⓘ | 22,074 | 11,954 | 6,132 | -80,255 | 29,581 | 26,063 | 92,144 | 50,625 | -89,447 | 2,114 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 18 | 13 | 13 | -7 | 1 | 16 | 23 | 35 | 56 | 68 |
| DPS (₹) | 4 | 3 | 3 | 0 | 0 | 0 | 4 | 7 | 11 | 14 |
| BVPS (₹) | 172 | 186 | 197 | 218 | 220 | 233 | 258 | 288 | 336 | 392 |
Margin Ratios | ||||||||||
| Yield on Advances (%) | 11.7 | 11.2 | 11.2 | 11.4 | 11.1 | 11.1 | 10.8 | 10.1 | 10.4 | 11.2 |
| Yield on Investments (%) | 8.1 | 8.3 | 7.7 | 7.9 | 8.0 | 7.3 | 6.4 | 6.0 | 6.3 | 6.9 |
| Cost of Liabilities (%) | 5.5 | 5.2 | 4.8 | 4.8 | 4.7 | 4.5 | 3.8 | 3.5 | 3.8 | 4.6 |
| NIM (%) | 2.8 | 2.6 | 2.5 | 2.4 | 2.6 | 2.7 | 2.7 | 2.6 | 2.9 | 2.8 |
| Interest Spread (%) | 6.3 | 6.0 | 6.4 | 6.7 | 6.5 | 6.6 | 7.1 | 6.6 | 6.6 | 6.6 |
Performance Ratios | ||||||||||
| ROA (%) | 0.7 | 0.5 | 0.4 | -0.2 | 0.0 | 0.4 | 0.5 | 0.7 | 1.0 | 1.0 |
| ROE (%) | 10.6 | 7.3 | 7.0 | -3.7 | 0.4 | 7.2 | 9.3 | 13.0 | 18.1 | 18.8 |
| ROCE (%) | 8.7 | 5.4 | 4.7 | -1.0 | 2.8 | 6.3 | 6.5 | 8.3 | 12.1 | 12.9 |
Efficiency Ratios | ||||||||||
| Cost to Income Ratio (%) | 49.0 | 49.1 | 47.8 | 50.2 | 55.7 | 52.5 | 53.6 | 57.9 | 53.9 | 59.0 |
| Operating Costs to Assets (%) | 1.9 | 1.8 | 1.7 | 1.7 | 1.9 | 1.9 | 1.8 | 1.9 | 1.8 | 2.0 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 1.6 | 1.1 | 1.5 | 1.2 | 1.5 | 0.8 | 1.4 | 1.7 | 1.6 | 1.9 |
The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in 1806 in Calcutta. Three years later the bank received its charter and was re-designed as the Bank of Bengal (January 02, 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (April 15, 1840) and the Bank of Madras (July 01, 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on January 27, 1921. The presidency Banks of Bengal, Bombay and Madras with their 70 branches were merged in 1921 to form the Imperial Bank of India. The establishment of the Reserve Bank of India as the central bank of the country in 1935 ended the quasi-central banking role of the Imperial Bank.
In 1951, when the First Five Year Plan was launched, the development of rural India was given the highest priority. The commercial banks of the country including the Imperial Bank of India had till then confined their operations to the urban sector and were not equipped to respond to the emergent needs of economic regeneration of the rural areas. In order, therefore, to serve the economy in general and the rural sector in particular, the All India Rural Credit Survey Committee recommended the creation of a state-partnered and state-sponsored bank by taking over the Imperial Bank of India, and integrating with it, the former state-owned or state-associate banks. An act was accordingly passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955. The State Bank of India was thus born with a new sense of social purpose. The State Bank of India was destined to act as the pacesetter in this respect and lead the Indian banking system into the exciting field of national development.
State Bank of India is an Indian multinational, public sector banking and financial services statutory body. For SBI, the interests of the common man have always remained at the core of its business. The Bank has a strong portfolio of distinctive products & services, and leverages technology to deliver and manage them in a personalized and customer centric way. State Bank of India is actively involved since 1973 in non-profit activity called Community Services Banking. All its branches and administrative offices throughout the country sponsor and participate in large number of welfare activities and social causes. The bank’s business is more than banking because it touch the lives of people anywhere in many ways.
Business area of the company
SBI provides a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers through its various branches and outlets, joint ventures, subsidiaries, and associate companies. It has always been in the forefront to embrace changes without losing sight of its values such as Service, Transparency, Ethics, Politeness and Sustainability
Services
Business
Awards
Milestones
1806
1809
1921
1955
2011
2014
2015-16
2016-17
2017-18
2018-19
2019-20
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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