Core Insights - State Bank of India (SBI) has seen its total business grow from ₹332 crore in 1955 to over ₹100 lakh crore, with expectations to double to ₹200 lakh crore by 2031, driven by 10% deposit growth and 12% loan growth [1][3] - SBI's assets currently represent 20% of the Indian economy, with a goal to increase this to 25% [2][9] - The bank's market capitalization is around $100 billion, ranking between 23rd and 29th globally among banks, with aspirations to enter the top 10 by 2030 [5][6][7] Business Growth Projections - SBI's current business consists of approximately ₹55-56 lakh crore in deposits and ₹44-45 lakh crore in loans, indicating strong deposit mobilization and lending capabilities [2][4] - The bank anticipates adding ₹10 to 11 lakh crore to its business annually, with a compounding effect expected to facilitate the doubling of business in 6 to 7 years [3][4] Market Capitalization and Ranking - SBI aims to achieve a top 10 global bank ranking by market capitalization by 2030, contingent on the performance of the Indian economy and capital markets [7][8] - The bank's current ranking in terms of assets is 46th globally, but it performs better in market capitalization due to favorable valuations for Indian financial services [6][9] Credit and Deposit Ratios - SBI's credit to deposit (CD) ratio is currently at 69.82%, with plans to increase it to 72-73% by March 2026, reflecting a strong deposit base and lending capacity [10][11] - The bank's large deposit float allows it to support significant credit growth without aggressively competing for bulk deposits [11] Capital Requirements and Financial Health - SBI does not anticipate needing to raise capital for the next 5-6 years, maintaining a target capital to risk-weighted assets ratio (CRAR) of 15% and a common equity tier-1 (CET1) ratio of 12% [12] - The bank's robust internal capital generation and expected credit growth support its financial stability and growth ambitions [12] Interest Rate Environment - The recent 25 basis points repo rate cut is not expected to lead to aggressive reductions in deposit rates, as credit growth remains strong and banks will continue to seek deposits [13] Strategic Investments - SBI is open to offloading its remaining 10.78% stake in YES Bank but prefers to wait for strategic investors to settle [14]