State Bank of India (SBI) has reached a historic milestone by entering the $100 billion (₹8.3 lakh crore) market capitalisation club, marking a new chapter in its growth journey. The achievement comes as the bank’s stock surged to record highs on strong investor sentiment, robust earnings, and improved asset quality. With this, SBI joins an elite league of global financial institutions that have crossed the $100 billion valuation mark, reaffirming its position as India’s largest and most valuable bank.
Key Highlights
- SBI becomes the first Indian bank to join the $100 billion market capitalization club, marking a historic milestone.
- Strong financial performance, rising investor confidence, and consistent growth drive SBI’s global banking valuation success.
This remarkable feat follows the bank’s consistent financial performance over recent quarters, driven by steady credit growth, expanding net interest margins (NIMs), and controlled non-performing assets (NPAs). SBI’s balance sheet strength, focus on digital transformation, and prudent risk management practices have helped sustain profitability despite macroeconomic challenges.
Chairman C.S. Setty highlighted that SBI now aims to become one of the top 10 banks globally by market capitalisation by 2030, a goal reflecting the bank’s long-term vision and strategic execution. Analysts attribute SBI’s rise to its strong retail and corporate loan portfolio, digital banking initiatives, and expanding rural outreach, which have significantly bolstered its market confidence.
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SBI’s entry into the $100 billion club not only underscores its leadership in India’s banking sector but also symbolizes the growing global recognition of Indian financial institutions on the world stage.