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SBI Eyes 25% GDP Share by 2030
21 Apr
Summary
- SBI plans to increase balance-sheet to 25% of India's GDP by 2030.
- The bank aims for a 1% market share increase in 800 districts by FY27.
- SBI targets a top 10 global ranking by market capitalization.
State Bank of India (SBI) has set a bold objective to expand its balance-sheet to represent 25% of India's GDP by 2030, up from its current 20%. This strategic expansion involves a targeted 1% market share growth in each of the country's 800 districts by FY27, with each district treated as a unique growth unit.
SBI is also aiming for a significant global standing, aspiring to be among the top 10 banks worldwide by market capitalization, a notable jump from its 27th position in November 2025. To achieve its balance-sheet goals, the bank is focusing on increasing deposits through various initiatives including activating unclaimed deposits and targeting younger demographics.
On the lending side, SBI will maintain a balanced approach, supporting both corporate clients and traditional segments like retail, agriculture, and MSMEs, with an emphasis on digital transactions. The bank is enhancing customer service by deploying 'Seva Sarathis' and removing the distinction between home and non-home branches for transactions.
Furthermore, SBI is leveraging its new YONO 2.0 mobile banking app, launched in 2025, with plans to serve over 200 million users. Currently, SBI serves approximately 530 million customers through its extensive network of domestic and international branches.
