SBI Annual Report Analysis: Focus On Productivity, Adaptability, Inclusivity, Sustainability: ICICI Securities


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From ‘Enterprising bank, enduring enterprise’ in FY20 to ‘Resilience, People, Technology’ (as pillars of future growth) in FY21, State Bank of India’s FY22 annual report is themed ‘Setting new standard in banking excellence’ focusing on productivity, adaptability, sustainability and inclusivity.

Approximately 468 million depositors, 142 million financial inclusion accounts (Business Correspondents channel), 14.2 million farmers served, 4.5 million home loan customers, 35%-plus market share (amongst banks) in home loans, 27.6% share in debit card spends, 15.2% market share in point-of-sale, 95.5% share of transactions in alternate channels, more than 48 million YONO registered users, Rs 55 trillion government business turnover, 17.9 million salary savings accounts, 9.8 million new regular savings account rolled out in FY22, etc.

SBI exited FY22 with 13.9% return on equity and 0.67% return on asset aided by growth build-up, gross non-performing assets at a decadal low, slippages at less than 1%, credit cost at 55 basis points and steady margin profile.

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