2. SBI’s business may hit Rs 100 trillion in FY26, says Chairman CS Setty

State Bank of India (SBI) Aims to Reach ₹ 100 Trillion Business in Next Financial Year

• SBI Chairman CS Setty predicted that SBI will reach ₹ 100 trillion in total business in the next financial year, provided it maintains a 14-16% loan growth rate and 10% growth in deposits.
• The bank’s loan book was ₹ 39.2 trillion at the end of September, while deposits stood at ₹ 51.17 trillion.
• SBI aims for 10% growth in deposits and maintains an incremental credit deposit (CD) ratio of 100%.
• SBI is opening 65,000 savings accounts daily to facilitate deposit mobilisation.

State Bank of India (SBI)

• A multinational public sector bank headquartered in Mumbai, Maharashtra.
• 48th largest bank globally by total assets.
• Ranked 178th in the Fortune Global 500 list of 2024’s biggest corporations.
• Chairman: Challa Sreenivasulu Setty
• Founded in: 1 July 1955