SBI Balance sheet is larger than GDP of 174 countries in World

According to a report by Motilal Oswal Financial Services Ltd (MOFSL), the State Bank of India (SBI) has a balance sheet size of ₹62 lakh crore, which is equivalent to 21% of India’s GDP. This means that SBI’s balance sheet size has surpassed the GDP of 174 countries worldwide. In fact, there are only 22 countries, including the US, China, Germany, Japan, India, UK, France, Brazil, Italy, and Canada, whose GDP is greater than SBI’s balance sheet size of $742 billion.

As of June 2024 State Bank of India has a market cap of $89.23 Billion.

Download SBI Balance Sheet

• Q4FY24 Results
  • Press Release Q4FY24
• Q3FY24 Results
  • Press Release Q3FY24
• Q2FY24 Results
  • Press Release Q2FY24
• Q1FY24 Results
  • Press Release Q1FY24

MOFSL analysts believe that this gap will continue to widen as SBI, India’s largest bank, delivers steady growth. Despite its massive size, the bank has demonstrated high agility and superior execution. The analysts are confident that SBI is well-positioned to maintain its momentum and move up in the global rankings.

SBI’s remarkable ascent can be attributed to its best-in-class Return on Equity (RoE) and impressive Compounded Annual Growth Rate (CAGR) in loans over the past few years. The bank has consistently shown growth and profitability even in dynamic market conditions.

In FY24, SBI achieved an RoE of 18.8%, surpassing other global banks such as JP Morgan Chase & Co and China Merchants Bank. The bank also delivered the fastest loan growth among the top 14 global banks, with a CAGR of 16% in the last two years (FY22-FY24). Furthermore, SBI has performed well in terms of returns. Over the past year, it delivered a return of 44%, ranking second among the 14 large global banks studied by MOFSL.