State Bank of India stock | 2026 earnings growth & current analysis

State Bank of India

NSEI:SBIN

Rp 948,10

Rp-2,95 (-0,31%)

948,10 Rp

Rp-2,95 (-0,31%)

End-of-day quote: 12/05/2025

State Bank of India Stock Value

Analysts currently rate NSEI:SBIN as Buy.

Buy

State Bank of India Company Info

EPS Growth 5Y

45,46%

Market Cap

Rp8.778,78 B

Long-Term Debt

Rp6.108,57 B

Quarterly earnings

02/03/2026

Dividend

Rp15,93

Dividend Yield

1,68%

Founded

1806

Industry

Financials

Country

India

Website

State Bank of India

ISIN Number

INE062A01020

Website

http://www.sbi.co.in

Analyst Price Target

Rp1.100,00

16.02%

Last Update: 12/05/2025

Analysts: 40

Highest Price Target Rp1.170,00

Average Price Target Rp1.100,00

Lowest Price Target Rp720,00

In the last five quarters, State Bank of India’s Price Target has risen from Rp730,57 to Rp884,65 - a 21,09% increase. Thrity analysts predict that State Bank of India’s share price will increase in the coming year, reaching Rp1.100,00. This would represent an increase of 16,02%.

Top growth stocks in the financials sector (5Y.)

What does State Bank of India do?

State Bank of India (SBI) provides banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. Business Segments The business segments of the company signify its extensive operational capabilities and diverse financial service offerings, which cater to various customer bases across India and internationally. Primarily, the company classifies its operations into four main segments – Treasury, Corporat...

State Bank of India (SBI) provides banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally.

Business Segments

The business segments of the company signify its extensive operational capabilities and diverse financial service offerings, which cater to various customer bases across India and internationally. Primarily, the company classifies its operations into four main segments – Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The detailed breakdown of each segment is as follows:

Treasury

The Treasury segment plays a significant role in managing SBI’s investment activities and foreign exchange dealings. Revenue generated in this segment originates from trading operations and interest income derived from the bank's extensive investment portfolio. This area primarily focuses on the effective management of liquidity through trading in various financial instruments, optimizing the portfolio's return while managing associated risks.

Corporate/Wholesale Banking

This segment covers the bank's ambitious lending activities directed towards large-scale corporate and institutional clients. The Corporate Accounts Group and Commercial Clients Group are integral parts of this segment, facilitating financial services to top-tier organizations and the government. This unit is adept at managing complex financial requirements, providing customized loans, and offering advisory services, enabling client organizations to meet their financial targets with ease and efficiency.

Retail Banking

The Retail Banking segment is vital for maintaining an extensive relationship with the individual consumer base, offering a plethora of services through numerous branches. This involves providing personal banking goods and services such as loans, savings accounts, and digital banking solutions. The segment strives to enhance customer experience and convenience, ensuring a comprehensive range of banking services to meet every day financial needs.

Other Banking Operations: The Other Banking segment is a catch-all category that provides distinct banking services. This flexibility allows SBI to innovate and diversify its service offerings, optimizing its operational potential and adapting to the dynamic needs of the financial market.

Moreover, the organizational structure reflects an overarching corporate governance strategy which enables efficient resource allocation and transparency across its vast operational landscape. The allocation of expenses, assets, and liabilities is handled systematically to ensure precise reporting and accountability within each segment. Unallocated resources are carefully monitored to ascertain their contribution towards the overall operational framework, thus enhancing the accountability of financial dealings.

By employing a multi-faceted approach to its business segments, the company ensures enduring growth and relevance in a rapidly transforming financial landscape while delivering quality service to a wide array of demographic segments.

Business Strategy

The business strategy of the company is anchored in an integrated approach that focuses strategically on enhancing its service offerings and evolving in line with market dynamics. The fundamental aim of the strategy is to reinforce SBI's position as a leading banking institution, leveraging its extensive asset base to cater to an increasingly diverse customer profile.

One of the core elements of the company's strategic intent is the emphasis on digital transformation. The company is progressively investing in technology to modernize banking operations, thereby enhancing customer experiences through seamless access to banking services. This digital-first approach is designed to satisfy customer demands for convenience and to propel efficiency and cost-effectiveness in service delivery.

To bolster customer retention and acquisition, the company is focusing on relationship management by nurturing stronger bonds with its clients. By leveraging CRM systems and dedicated relationship managers, SBI aims to respond swiftly to client needs and offer tailored solutions that encourage long-term patronage. The organization recognizes the importance of understanding its customers' requirements better and continually seeks to offer comprehensive solutions alongside its core banking products.

The company is also strategically diversifying its product offerings to meet a broader set of financial needs in a changing economic landscape. This includes extending services into emerging sectors and enhancing existing products through value additions, all while closely monitoring market trends to capitalize on new opportunities. The agility to adapt products based on customer preferences is a cornerstone of the company’s business model, ensuring sustainable growth.

In terms of geographical strategy, SBI aims to expand its reach beyond domestic operations, reinforcing its presence in international markets. Such efforts include establishing branches overseas and enhancing overseas banking capabilities while ensuring compliance with international regulations. This internationalization strategy aims to reinforce SBI's competitive edge while fostering robust foreign exchanges linked to its overseas clients and operations.

Products and Services

The company offers a robust portfolio of products and services designed to address the diverse needs of its customers, which range from individual account holders to large corporations and government entities. The company has strategically segmented its offerings into various categories, ensuring a comprehensive approach to financial solutions. The following highlights the key products and services provided by SBI:

Retail Banking Products:

Savings Accounts: SBI provides various savings account options that offer attractive interest rates, making it easy for customers to manage their finances.

Personal Loans: Customized personal loan products help individuals meet their financial requirements for emergencies, education, or other personal expenses.

Home Loans: The bank offers home financing solutions with flexible repayment plans and competitive interest rates to facilitate property purchases.

Fixed Deposits: Customers can invest their savings in fixed deposits with varied tenures to earn higher interest rates.

Corporate Banking Services

Business Loans: SBI offers tailored business loan products that help businesses meet their capital needs, whether for expansion or working capital.

Cash Management Services: Advanced cash management solutions simplify the cash flow management process for businesses, enhancing liquidity and operational efficiency.

Trade Finance: The company provides trade finance products to facilitate international and domestic trade, including letters of credit and guarantees.

Merchant Banking: Comprehensive advisory services for capital market transactions, project financing, and corporate restructuring.

Investment and Treasury Services:

Wealth Management: SBI offers personalized wealth management solutions to high-net-worth individuals, providing tailored investment plans and advisory.

Mutual Funds: The bank provides access to a wide range of mutual fund schemes catering to different risk appetites and investment plans.

Insurance Products: SBI offers life and non-life insurance products to provide customers with risk coverage and investment options.

Digital Banking Services:

Mobile Banking: SBI’s mobile banking application offers a host of features, including fund transfers, bill payments, and account management, all accessible at customers' fingertips.

Internet Banking: Customers can enjoy seamless banking experiences through robust internet banking platforms that facilitate transactions, statements, and investments.

E-Wallet Services: The bank also offers digital wallets for quick and convenient payments.

Geographical Markets Served

The company serves an expansive geographical market that encompasses both domestic and international operations. In India, it operates an extensive network of branches, ATMs, and digital banking services, catering to clients from urban, semi-urban, and rural areas. Internationally, SBI has subsidiaries and branches in numerous countries, including the UK, Canada, and various nations across the Middle East and Asia.

Seasonality

The company's operations exhibit certain seasonal trends, which typically align with broader economic cycles and customer behavior patterns. For instance, demand for personal banking products such as home loans and education loans tend to peak during specific periods in the fiscal year, particularly around educational admissions, and end-of-year financial planning.

Additionally, retail banking activities often see heightened transactions during festive seasons, leading to an increase in savings and spending activities. The impact of monsoon seasons on agricultural financing is another prevailing seasonal factor affecting SBI's operations. With significant agricultural exposure, the bank's loan demand can fluctuate based on agricultural productivity, which is closely tied to seasonal climatic conditions.

Customers

The company serves a diverse portfolio of customers encompassing various categories, reflecting its extensive presence in the banking sector. The customer base includes individual consumers, small and medium-sized enterprises (SMEs), large corporations, government agencies, and Non-Resident Indians (NRIs).

Sales and Marketing

The mode of sales and marketing for the company encompasses an integrated approach that combines traditional and modern marketing techniques to reach its diverse customer base effectively. The company employs various marketing channels to promote its financial products and services.

Digital marketing strategies play a crucial role in SBI’s outreach, utilizing social media, email campaigns, and search engine optimization to engage with users online. Additionally, the company leverages physical branches and ATMs across India for direct customer engagement, ensuring that essential banking services are readily available.

SBI also participates in community engagement initiatives and organizes financial literacy programs which foster brand awareness and promote the importance of banking services among different demographics.

Government Regulations

The company operates within a framework of stringent government regulations and regulatory expectations as delineated by the Reserve Bank of India (RBI) and other relevant governmental bodies.

History

State Bank of India was founded in 1806.

State Bank of India Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Banking and Financial Services: 75% Insurance Services: 15% Asset Management: 10% TOP 3 Markets: India: 85% United States: 7% United Kingdom: 5% The State Bank of India generates the majority of its revenue from traditional banking and financial services, including lending and deposit management...

At which locations are the company’s products manufactured?

Headquarters: Mumbai, India The State Bank of India (SBI) is a bank and not a manufacturing company. Therefore, it does not produce physical products. Instead, it offers a variety of financial services, including banking services, loans, asset management, and investment banking. SBI mainly operates...

What strategy does State Bank of India pursue for future growth?

Strategic Focus: Digitalization and Technology Integration Expansion of the Credit Portfolio Sustainability and Green Financing The State Bank of India (SBI) is pursuing a strategy that heavily emphasizes digitalization and technology integration. The goal is to enhance customer experience and off...

Which raw materials are imported and from which countries?

I'm sorry, but I don't have specific information about the raw materials or materials that the State Bank of India imports, as banks in general do not import physical raw materials or materials. Banks like the State Bank of India are financial institutions that focus on services such as lending, dep...

How strong is the company’s competitive advantage?

Market share in the Indian banking sector: approx. 23% (2023) Return on Equity (ROE): 13.5% (2023) Cost-to-Income Ratio: 52% (2023) The State Bank of India (SBI) has a significant competitive advantage in the Indian banking sector, which is manifested by its large market share of about 23%. This m...

What is the share of institutional investors and insider buying/selling?

Institutional investor share: approx. 67% (2025, estimated) Insider purchases/sales: No significant transactions in the last year (2025, estimated) The institutional investor share in State Bank of India is traditionally high, as large financial institutions and investment funds often hold shares in...

What percentage market share does State Bank of India have?

Market share of the State Bank of India (SBI): approx. 23% (estimated for 2025) Top 5-10 banks by market share in India: State Bank of India (SBI): approx. 23% HDFC Bank: approx. 15% ICICI Bank: approx. 10% Punjab National Bank (PNB): approx. 7% Bank of Baroda: approx. 6% Axis Bank: approx. 5% Kota...

Is State Bank of India stock currently a good investment?

Net profit growth: 18% (2024) Return on equity (ROE): 14% (2024) Loan default rate: 1.2% (2024) The State Bank of India (SBI) recorded strong net profit growth of 18% in 2024, attributed to improved efficiency and solid lending practices. The 14% return on equity indicates the bank's ability to effe...

Does State Bank of India pay a dividend – and how reliable is the payout?

Dividend yield: 4.2% (2024) Dividend growth: 8% (last 3 years) Payout ratio: 25% (2024) The State Bank of India (SBI) regularly pays dividends to its shareholders. In 2024, the dividend yield was 4.2%, indicating an attractive payout compared to other banks. Over the last three years, the bank h...

State Bank of India Stock Value

State Bank of India Company Info

Analyst Price Target

Top growth stocks in the financials sector (5Y.)

What does State Bank of India do?

State Bank of India Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal