What first name comes to your mind when somebody says the largest Indian bank? State Bank of India, right? With years of experience in the banking industry, serving millions, SBI holds a prominent position in the Indian banking industry. But have you ever wondered where it stands compared to its competitors? Well, let us find out the same details here.
About State Bank of India
State Bank of India (SBI) is the largest public sector bank in India, with a significant market presence and a wide array of services. As of January 2025, SBI has a market capitalization of approximately ₹ 6,15,620.29 cr.
The bank is known for its extensive branch network, with plans to open 500 new branches by the end of FY 2025. This would bring its total to around 23,000 branches. As of late 2024, SBI reported a deposit growth of 9.13% and a loan growth of 14.93%. This signifies a healthy balance sheet amidst competitive pressures in the banking sector.
Additionally, SBI recently launched two innovative deposit schemes aimed at boosting customer savings. One is “Har Ghar Lakhpati”, and the other is “SBI Patrons.”
The first scheme encourages regular savings by allowing customers to accumulate ₹1 lakh or more. The second one offers higher interest rates for senior citizens aged 80 and above. All these developments have a positive impact on SBI share price.
Comparison of SBI with Competitors
SBI stands out in the banking industry. It has been a pioneer for years now. Here are some of the factors that you must consider when comparing SBI with its competitors:
1. Market Capitalization
Market capitalization (market cap) reflects a company’s size and market valuation. It influences investment decisions and risk assessments. Below is the brief of the market capitalization of the top banks in India:
- HDFC Bank: ₹ 13,37,919.84 crore
- ICICI Bank: ₹ 8,93,378.50 crore
- SBI Bank: ₹ 7,08,168.60 crore
- Union Bank of India: ₹ 87,572.73 crore
Compared to its peers, SBI is growing at a modest pace but is showcasing resilience and stability.
2. Net Profit Growth
Knowing the net profit growth is essential to understand the overall performance of the banks. As per the end of Q3 FY2025, here are the details of the net profit for the top banks:
- HDFC Bank: ₹ 16,736 crore
- ICICI Bank: ₹ 11,792 crore
- SBI Bank: ₹ 16,891 crore
- Union Bank of India: ₹ 4,604 crore
This highlights SBI’s ability to capitalize on market opportunities and improve its financial performance significantly.
3. Net Interest Income (NII)
It is a key profitability metric for banks, calculated as the difference between the interest earned on assets and the interest paid on liabilities. Here are the details of the NII for the top banks for Q3 FY25:
- HDFC Bank: ₹ 30,690 crore
- ICICI Bank: ₹ 20,371 crore
- SBI Bank: ₹ 41,446 crore
- Union Bank of India: ₹ 9,240 crore
Overall, SBI is earning better in terms of the interest income, showcasing the stability.
4. Non-Performing Assets (NPA)
GNPA is the gross non-performing assets that measures total non-performing assets. While NNPA is the net non-performing assets, which is GNPA minus provisions for bad debts, reflecting actual risk exposure and credit quality more accurately. The details for the top banks for Q3 FY25 are as follows:
| Bank | GNPA (₹ Crore) | NNPA (₹ Crore) |
| HDFC | 36,019 | 11,588 |
| ICICI | 27,745.33 | 5,897.76 |
| SBI | 84,360.38 | 21,377.64 |
| Union Bank of India | 36,554 | 7,568 |
Overall, the NPA for the SBI is the highest as compared to its peers.
Conclusion
SBI is one of the most prominent stocks in FINNIFTY. But when it comes to investing, it is quite important to understand where it stands as compared to its peers. Based on various factors, it is quite clear that SBI is performing positively and is expected to give positive returns to its investors.
So, if you are an investor planning to invest in SBI, ensure to compare and contrast all the peers to arrive at the right investment decision.
