The number of domestic branches and overseas offices increased 49 times to 22,937
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SHASHI ASHIWAL
Even as India’s GDP has grown 3,000 times from ₹10,977 crore as at June-end 1955 to ₹330,68,145 crore as at March-end 2025, State Bank of India’s deposits and advances grew 25,000 times and 35,800 times, respectively during the same period, according to an analysis by SBI Research.
As at March-end 2025, deposits and advances of India’s largest bank, which has 52 crore plus customers, stood at Rs 53,82,190 crore (Rs 210.95 crore as at June-end 1955) and Rs 41,63,312 crore (Rs 116.24 crore), respectively.
During the aforementioned period, the bank’s profit surged 52,000 times to Rs 70,901 crore (Rs 1.36 crore) even as it continues its position as the most profitable Indian company for the third year on the trot, per a SBI Research report.
Employees surge
Tracing the bank’s progress over the last 70 years, the bank’s economic research team said profit per employee increased 33 times to Rs 29.91 Lakh (Rs 90,000) even as the number of employees rose 16.4 times to 2,36,226 (from 14,388). The number of women employees currently stands at 27.6 per cent.
The number of domestic branches and overseas offices increased 49 times to 22,937 (from 469) and 31 times to 244 (8), respectively. Dividend payout ratio has increased two times to 20 per cent (10.5 per cent).
The bank currently accounts for 22.5 per cent of all scheduled commercial banks’ (ASCBs) deposits and 19.4 per cent of ASCBs’ credit.
“At a global level, India contributed 6.7 per cent to incremental global GDP in FY25. SBI is adding 1.1 per cent/$44 billion to incremental global GDP and 16 per cent of India’s GDP. The bank’s balance sheet is bigger than the GDP of 175 countries,” according to the bank’s economists.
Published on July 1, 2025