SBI's total business may double to Rs 200 lakh cr by 75th foundation year in 2030: Chairman

SBI's Growth Trajectory Points to Doubling Business by 2030

State Bank of India's total business could potentially double to around ₹200 lakh crore by 2030, when the bank celebrates its platinum jubilee, given the current growth trajectory, Chairman C S Setty said in an interview with PTI.

SBI came into existence on July 1, 1955 through an Act of Parliament, which, among other things, provided for the transfer of the undertaking of the Imperial Bank of India. The country's biggest lender crossed the landmark of ₹100 lakh crore total business, which is an aggregate of total loans and advances, in the second quarter of the last financial year. This further increased to ₹110.01 lakh crore at the end of June 2026.

No Formal Milestone, but Growth Could Hit ₹200 Lakh Crore

While there is no formal target for the platinum jubilee year, Setty said the bank's growth trajectory could take its total business to ₹170-180 lakh crore and potentially as high as ₹200 lakh crore by 2030. "We don't have any milestone, but if you take the current growth rate, I think we should be around ₹170-180 lakh crore, or maybe reaching ₹200 lakh crore. That would be another important milestone," he told PTI.

The expansion of SBI's balance sheet is closely tied to the Indian economy's performance. Setty noted that if the economy continues to grow at 7-8 per cent, SBI's balance sheet has the potential to expand around 11-12 per cent annually. "For a bank of our size, scale is imminent, and it is fully intertwined with what is happening in the Indian economy," he said.

Highlighting his "favourite theme," Setty explained: "If the Indian economy grows at 7-8 per cent and our balance sheet has a potential to grow at 11-12 per cent, it means again coming to my favourite theme that every six years SBI's balance sheet gets doubled. So I think it's potentially possible by 2030 we may have ₹200 lakh crore overall business."

Vision 2030: Stakeholders and Stable Capital Ratios

Setty further said SBI has Vision 2030, which focuses on ensuring that all the bank's activities benefit or address the requirements of four key stakeholders — customers, employees, shareholders, and the government and regulators including the Reserve Bank of India. For customers, the bank is prioritising service and experience; for employees, it aims to simplify processes and improve productivity; for shareholders, it seeks to create value through efficiency and productivity; and for the government, SBI aims to continue as the country's premium bank, mobilising nearly one-fourth of the country's savings and supporting agriculture, MSMEs, and the rural economy.

The lender also intends to maintain its Common Equity Tier 1 (CET1) ratio at around 12% and capital to risk-weighted assets (CRAR) at around 15% through economic cycles. In addition, SBI is targeting a consistent reduction in its cost-to-income ratio by 2-3 percentage points, but not by cutting costs. "The focus is on building efficiencies and achieving productivity gains," Setty said.