1. State Bank of India
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90% Buy

State Bank of India Share Price

SBIN

₹839.20-₹4.70 (-0.56%) TodayLast updated on 14 Jun, 2024 | 03:59 PM IST
₹835.10₹849.90
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Company overview

Financial performance

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Market cap

Market Cap Switch₹7,53,148 Crs

Open

₹845.00

Close

₹843.90

Circuit range

₹928.25 - ₹759.55

Day range

₹835.10 - ₹849.90

Year range

₹543.20 - ₹912.00

Volume

1,29,03,496

Avg. traded

₹841.89

Revenue (12m)

₹4,39,189 Crs

State Bank of India

State Bank of India (SBI) is the largest public sector bank in India. The Mumbai-headquartered public lender was incorporated 68 years ago on July 1, 1955. However, the origins of SBI date back to the early 1800s, linked to the establishment of the Bank of Calcutta (later renamed the Bank of Bengal) in June 1806. Together with the Bank of Bombay (founded in April 1840) and the Bank of Madras (founded in July 1843), the trio was known as the Presidency banks. The three banks later merged into one entity called the Imperial Bank of India in January 1921.

The Imperial Bank was later incorporated as the State Bank of India on July 1, 1955, with the Reserve Bank of India holding 60% stake in the company.

As of December 14, 2023, SBI's market capitalisation stood at over ₹5.57 lakh crore. SBI share price has surged over 127% in the last three years. The central government holds a 57.49% stake in the bank (as of September 30, 2023). This marks the government's smallest ownership percentage among PSU banks.

State Bank of India business operations

SBI has almost one-fourth of the market share and caters to over 48 crore customers. It operates through a vast network of more than 22,405 branches, 65,627 ATMs and 76,089 business correspondents. Through subsidiaries like SBI General Insurance, SBI Life Insurance, SBI Mutual Fund and SBI Card, the bank has diversified its business into a wide range of financial products and services. Its global presence spans 29 foreign countries with 235 overseas branches.

On SBI's YONO app, over 6 crore users are registered and the number of new digital savings accounts opened per day is around 23,000. The average daily cardless cash withdrawals stand at over 1.07 lakh.

SBI has been venturing into several new businesses and services through strategic partnerships. Some of these services include pension funds, general insurance, custodial services, private equity, mobile banking, point of sale merchant acquisition, advisory services, and structured products. The company's service portfolio also includes NRI services, personal banking, international banking, agriculture/rural, corporate banking, government business and domestic treasury.

State Bank of India also has many subsidiaries. Some of the leading subsidiaries are SBI Capital Markets Limited, SBI General Insurance Company Limited, SBI Funds Management Limited, SBI Global Factors Limited and SBI Pension Funds Private Limited.

SBI is also one of the largest employers in India. As per its annual report for FY23, the State Bank of India employs 2,35,858 people.

SBI Financial Highlights

Consolidated revenue of the bank for FY 2022-23 stood at ₹3,50,844 crore, a 20.9% year-on-year growth compared to ₹2,89,972 crore in FY22. The bank reported a profit of ₹56,609 crore in FY23 as against ₹36,395 crore in FY22. The total income in FY23 was ₹4,73,378 crore compared to ₹4,06,973 crore in FY22. Net interest income (NII) surged 19.99% year-on-year in FY23 to ₹1,44,841. Net interest margin surged by 25 bps YoY in FY23 to 3.37% from 3.12% in FY22. The profit before tax (PBT) stood at ₹75,449 crore in FY23 as against ₹36,394 crore in the previous fiscal. The lender made a total capital expenditure of ₹3,79,744 crore in FY23. Its earnings per share (EPS) increased to ₹62.35 in FY23 from ₹39.64 in the last financial year.

State Bank of India Key indicators

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52 week high

₹912.00

52 week low

₹543.20

P/E ratio

11.23

P/B ratio

1.92

ROE

18.81%

ROCE

12.87%

Dividend yield

1.63%

Debt/Equity ratio

1.71

EPS

68.44

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

90%

Hold

5%

Sell

5%

This analysis is based on the reviews of 40 experts in the last 7 days

Brands by State Bank of India

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SBI Capital Markets

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SBI Life Insurance

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SBI Mutual Funds

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State Bank of India

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YONO

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Net Interest Margin (NIM)

2.81%

ROA

1.04%

Credit Deposit

75.34%

ROE

18.81%

Net profit margin

14.71%

EPS

68.44

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State Bank of India Shareholder returns

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1 day

+0.57%

1 week

+3.30%

1 month

+4.34%

3 months

+12.93%

1 year

+46.41%

3 years

+96.44%

5 years

+143.55%

State Bank of India Share Price history

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DayOpenCloseDay’s change
Fri, Jun 14 2024
₹845.00
₹839.20
-0.56%
Thu, Jun 13 2024
₹845.00
₹843.90
+0.57%
Wed, Jun 12 2024
₹837.00
₹839.10
+0.42%
Tue, Jun 11 2024
₹836.00
₹835.55
+0.45%
Mon, Jun 10 2024
₹834.15
₹831.80
+0.22%
Fri, Jun 7 2024
₹819.90
₹829.95
+1.59%
Thu, Jun 6 2024
₹800.00
₹816.95
+3.44%
Wed, Jun 5 2024
₹790.75
₹789.75
+1.88%

Shareholding info

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Promoters (57.54%)

Mutual Funds (11.61%)

Retail and other (7.38%)

Foreign institutions-FII (11.09%)

Other domestic institutions (12.38%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹13.7/share

    Ex date 22 May 2024

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  • Dividend • ₹11.3/share

    Ex date 31 May 2023

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  • Dividend • ₹7.1/share

    Ex date 25 May 2022

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Frequently asked questions