SBI Crosses $100 Billion Market Cap and ₹100 Trillion Business

The State Bank of India (SBI) has achieved a historic milestone by surpassing 100 billion dollars in market capitalization and a total business of 100 trillion rupees.

• The State Bank of India (SBI) has achieved a historic milestone by surpassing 100 billion dollars in market capitalization and a total business of 100 trillion rupees. The State Bank of India aims to be among the world’s top 10 most valuable banks by 2030.
• HDFC Bank has already entered the global top 10 ranking. This makes SBI not only the first Indian government bank to achieve this milestone.

Companies and banks that have crossed 100 billion dollars

• SBI has joined major companies such as HDFC Bank, TCS, Reliance Industries, Bharti Airtel, and ICICI Bank in surpassing the 100 billion dollar mark.
• In market capitalization ranking, Reliance Industries leads with a valuation of 228 billion dollars, followed by HDFC Bank at second place with 170 billion dollars.
• Bharti Airtel, Tata Consultancy Services (TCS), and ICICI Bank are other companies valued at over 100 billion dollars.

SBI’s business

• In its latest quarterly results, SBI recorded a 10% year-on-year increase in net profit for the September 2025 quarter, amounting to ₹20,160 crore.
• Following a strong quarterly earnings report and a notable rise in share price, SBI entered the exclusive club of companies with a market capitalization of 100 billion dollars.
• This surge in market capitalization reflects growing investor confidence and SBI’s expanding presence in retail, small and medium enterprise (SME), and corporate lending sectors.
• SBI recorded a 12.7% year-on-year loan growth, primarily driven by retail, small and medium enterprises (SME), and agricultural loans. Increased festive season demand and digital lending initiatives significantly contributed to loan disbursement.

History of SBI

• 1806: Bank of Calcutta was established.
• 1809: Reorganized as the Bank of Bengal and received its charter.
• 1840 and 1843: Bank of Bombay and Bank of Madras were established.
• 1921: These three Presidency Banks merged to form the Imperial Bank of India.
• 1955: Under the State Bank of India Act, 1955, the Imperial Bank of India was nationalized to form the State Bank of India (SBI).
• 1959: Following the State Bank of India (Subsidiary Banks) Act, SBI added eight former state-associated banks as its subsidiary banks.
• 2007: The Reserve Bank of India’s stake in SBI was also transferred to the Government.