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About SBI Bank-
The State Bank of India is a big bank in India. It is trying to give loans to people and companies. At the time the State Bank of India wants to make sure that the people and companies it lends money to can pay it back.
The State Bank of India is using something called the YONO platform to make things easier for its customers. The YONO platform is like a one stop shop where customers can do all their banking. This is helping the State Bank of India to make its customers happier and to sell them services.
The State Bank of India is also trying to make its finances stronger. It has a lot of money to fall on. The bank is also making sure that it does not lend money to people or companies that cannot pay it back. The State Bank of India is making money from lots of things and this is helping it to stay strong. It has operations in India and, in countries.
SBI Current Market Performance
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Financial Table for SBI Bank Ltd
| Metric | Value | Change |
|---|---|---|
| Net Profit (latest quarter) | ₹18,331 Cr | +9.5% YoY |
| Net Interest Income (latest quarter) | ₹42,688 Cr | +8.2% YoY |
| Gross NPA (latest) | 2.06% | -44 bps YoY |
| Net NPA (latest) | 0.50% | -12 bps YoY |
| CRAR (Capital Adequacy) | 14.28% | +34 bps |
| Total Deposits (latest) | ₹51,96,432 Cr | +8.1% YoY |
| Total Advances/Loans (latest) | ₹41,23,045 Cr | +12.4% YoY |
| Full-year Net Profit (FY25) | ₹70,234 Cr | +22.5% YoY |
| Stock Price (recent close) | ₹712 | -1.2% (1 Apr) |
| 52-Week High | ₹912 | – |
| 52-Week Low | ₹660 | – |
| Promoter Stake | 57.59% | Unchanged |
Data as of Q3 FY26 / FY25 annual results.
Youtube Video
19 Mar 2026
SBI Bank Share Price Target
State Bank of India or SBI is Indias public sector bank. It is expected to grow in 2026. This growth will be because of loans being given out and the banks assets being of better quality. The bank is also using its YONO platform to get more digital. The SBI stock price may be between ₹680 and ₹950 in 2026. The target stock price for the end of 2026 is likely to be, between ₹900 and ₹950. The State Bank of India will likely keep growing because of these factors. The YONO platform will help SBI to be more digital. SBI is making efforts to improve its asset quality. More people are borrowing money from the State Bank of India.
Long-Term Year Targets (2026 – 2050)
| Year | Bear Case (₹) | Base Case (₹) | Bull Case (₹) |
|---|---|---|---|
| 2026 | 850 – 900 | 900 – 950 | 950 – 1,050 |
| 2027 | 1,050 – 1,150 | 1,200 – 1,300 | 1,350 – 1,500 |
| 2028 | 1,350 – 1,450 | 1,550 – 1,650 | 1,700 – 1,900 |
| 2030 | 1,800 – 2,000 | 2,200 – 2,400 | 2,600 – 3,000 |
| 2040 | 3,500 – 4,000 | 4,500 – 5,000 | 5,500 – 6,500 |
| 2050 | 7,000 – 8,000 | 9,500 – 10,500 | 11,000 – 13,000 |
Historical Forecasting
SBI Share Price Target 2020, 2021, 2022, 2023, 2024, 2025, 2026.
Profit & Loss
Consolidated Financial Summary (₹ in Crores)
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 207,974 | 220,633 | 230,447 | 228,970 | 253,322 | 269,852 | 278,115 | 289,973 | 350,845 | 439,189 | 490,938 | 514,933 |
| Interest | 133,179 | 143,047 | 149,115 | 146,603 | 155,867 | 161,124 | 156,010 | 156,194 | 189,981 | 259,736 | 300,943 | 315,005 |
| Expenses + | 96,675 | 109,985 | 145,666 | 169,065 | 166,104 | 172,909 | 192,821 | 197,349 | 204,303 | 239,750 | 252,043 | 283,611 |
| Financing Profit | -21,879 | -32,399 | -64,334 | -86,697 | -68,649 | -64,181 | -70,715 | -63,570 | -43,439 | -60,297 | -62,049 | -83,683 |
| Financing Margin % | -11% | -15% | -28% | -38% | -27% | -24% | -25% | -22% | -12% | -14% | -13% | -16% |
| Other Income + | 49,315 | 52,828 | 68,193 | 77,557 | 77,365 | 98,159 | 107,222 | 117,000 | 122,534 | 155,386 | 172,406 | 197,711 |
| Depreciation | 1,581 | 2,252 | 2,915 | 3,105 | 3,496 | 3,662 | 3,711 | 3,691 | 3,696 | 3,849 | 3,991 | 0 |
| Profit before tax | 25,855 | 18,177 | 945 | -12,245 | 5,220 | 30,317 | 32,796 | 49,739 | 75,399 | 91,240 | 106,365 | 114,028 |
| Tax % | 32% | 30% | 141% | -66% | 41% | 40% | 26% | 27% | 25% | 25% | 26% | 25% |
| Net Profit + | 17,832 | 13,019 | -97 | -3,749 | 3,351 | 21,140 | 23,888 | 37,183 | 57,750 | 69,543 | 80,523 | 86,666 |
| EPS in Rs | 22.76 | 15.75 | 0.30 | -5.11 | 2.58 | 22.15 | 25.11 | 39.64 | 62.35 | 75.17 | 86.91 | 90.24 |
| Dividend Payout % | 15% | 17% | 859% | 0% | 0% | 0% | 16% | 18% | 18% | 18% | 18% | 19% |
Shareholding Pattern
Conclusion
SBI – P/E, Debt-to-Equity & ROE (2026–2050E)
| Metric | Current (2026) | 2027E | 2028E | 2030E | 2040E | 2050E |
|---|---|---|---|---|---|---|
| P/E Ratio (Valuation) | 11.2x | 10.5x | 9.8x | 9.2x | 8.5x | 8.0x |
| Debt-to-Equity (Risk) | 6.8x | 6.5x | 6.2x | 5.8x | 5.1x | 4.7x |
| ROE (Profitability) | 15.4% | 16.1% | 16.8% | 17.5% | 18.2% | 18.8% |
*E = Estimated. Projections based on loan growth, NIM expansion, asset quality improvement, and capital efficiency.
SBI represents a rare combination of safety and growth. For conservative investors seeking stability with upside, SBI offers a margin of safety through its low valuation and government ownership. For growth-oriented investors, SBI provides significant re-rating potential as its ROE improves and digital transformation scales.
FAQs
1. Is SBI a good long-term investment?
Answer: SBI is an investment if you are thinking about the long term. It is Indias bank and it has the best of both worlds. It is backed by the government so it is very stable and it also has modern digital services. The banks assets are getting better and better with loans at a low of 2.06 percent. It also makes a lot of money with a return on equity of 17 to 18 percent and the price is very reasonable at 1.3 times its book value. So SBI is a choice for people who want to be safe and also want their money to grow. If you hold on to SBI for a time like 10 to 20 years you can expect to get really good returns, around 10 percent or more every year because the Indian economy is getting bigger and stronger. SBI is an investment, for the long term.
2. What are the key risks of investing in SBI?
Answer: The key risks include:
| Risk Factor | Impact |
|---|---|
| Economic Slowdown | Slower GDP growth could reduce loan demand and increase NPAs |
| Margin Pressure | Intense competition from private banks (HDFC, ICICI) may compress NIM |
| Regulatory Changes | RBI norms on unsecured lending or provisioning could affect profitability |
| Government Ownership | PSU status may limit operational flexibility compared to private peers |
| Technology Disruption | Fintech competitors could challenge market share in payments and lending |
3. What is SBI’s dividend history?
Answer: SBI has a consistent dividend track record:
| Financial Year | Dividend per Share (₹) | Dividend Yield (%) |
|---|---|---|
| FY2025 | 12.00 | ~1.7% |
| FY2024 | 10.00 | ~1.4% |
| FY2023 | 8.00 | ~1.1% |
| FY2022 | 7.00 | ~1.0% |
| FY2021 | 4.00 | ~0.6% |
SBI offers a steady dividend yield of 1.5–2%, making it attractive for income-focused investors while still reinvesting profits for growth.
4. How does SBI compare to HDFC Bank and ICICI Bank?
Answer:
| Parameter | SBI | HDFC Bank | ICICI Bank |
|---|---|---|---|
| Market Cap | ₹6.5 Lakh Cr | ₹12 Lakh Cr | ₹8.5 Lakh Cr |
| ROE (Latest) | 17.5% | 15.8% | 16.5% |
| Gross NPA | 2.06% | 1.12% | 1.53% |
| CASA Ratio | 42% | 38% | 42% |
| P/B Valuation | 1.3x | 3.2x | 2.8x |
| Dividend Yield | 1.7% | 0.8% | 0.8% |
Verdict: HDFC Bank and ICICI Bank trade at premium valuations due to perceived efficiency and governance. SBI offers value at a discount with comparable ROE and superior dividend yield. For risk-averse investors seeking value, SBI is compelling; for those prioritizing growth momentum, private peers may be preferred.
5. What are the future growth drivers for SBI?
Answer: The key growth drivers for SBI are:
| Driver | Outlook |
|---|---|
| Retail Loan Growth | Home loans, auto loans, and personal loans expected to grow at 12–14% annually |
| YONO Digital Platform | 70M+ users driving customer acquisition, cross-sell, and fee income |
| Corporate Capex Revival | Home loans, auto loans, and personal loans are expected to grow at 12–14% annually |
| Asset Quality Improvement | Provisions declining as NPAs reduce; write-backs boosting profitability |
| Financialization of Savings | Shift from physical assets (gold, real estate) to financial products benefiting banking |
| India’s GDP Growth | Home loans, auto loans, and personal loans are expected to grow at 12–14% annually |
