State Bank of India
NSE:SBIN
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State Bank of India
State Bank of India
Pre-Tax Income
State Bank of India
Pre-Tax Income Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Pre-Tax Income | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
State Bank of India
NSE:SBIN
|
Pre-Tax Income
₹924.6B
|
CAGR 3-Years
37%
|
CAGR 5-Years
41%
|
CAGR 10-Years
15%
|
|
|
ICICI Bank Ltd
NSE:ICICIBANK
|
Pre-Tax Income
₹665.5B
|
CAGR 3-Years
31%
|
CAGR 5-Years
36%
|
CAGR 10-Years
N/A
|
|
|
HDFC Bank Ltd
NSE:HDFCBANK
|
Pre-Tax Income
₹857B
|
CAGR 3-Years
23%
|
CAGR 5-Years
18%
|
CAGR 10-Years
N/A
|
|
|
Axis Bank Ltd
NSE:AXISBANK
|
Pre-Tax Income
₹364.9B
|
CAGR 3-Years
39%
|
CAGR 5-Years
30%
|
CAGR 10-Years
N/A
|
|
|
Kotak Mahindra Bank Ltd
NSE:KOTAKBANK
|
Pre-Tax Income
₹288.5B
|
CAGR 3-Years
30%
|
CAGR 5-Years
20%
|
CAGR 10-Years
22%
|
|
|
Bank of Baroda Ltd
NSE:BANKBARODA
|
Pre-Tax Income
₹273.3B
|
CAGR 3-Years
43%
|
CAGR 5-Years
74%
|
CAGR 10-Years
N/A
|
|
State Bank of India
Glance View
State Bank of India (SBI), the country's largest public sector bank, presents an intriguing opportunity for investors looking to tap into the Indian banking sector's robust growth potential. Established in 1955, SBI has evolved into a financial powerhouse with a vast network of over 22,000 branches and 58,000 ATMs spread across the country, as well as a growing international presence. The bank serves millions of customers, offering a wide range of financial products including personal banking, corporate banking, wealth management, and insurance. Its deep-rooted history, government backing, and extensive infrastructure position SBI as a strong contender to capitalize on India’s expanding economy and increasing financial inclusion efforts, presenting a promising narrative for long-term investors. In recent years, SBI has shown resilience and adaptability in navigating the challenges posed by economic fluctuations and the global pandemic. The bank has focused on digitization, improving customer experience through innovative banking solutions, and recovering asset quality by managing non-performing assets (NPAs). With a solid capital base and strong credit ratings, SBI is well-equipped to pursue growth opportunities in retail lending, government financing, and infrastructure projects. As India marches toward becoming a $5 trillion economy, SBI's strategic initiatives and commitment to leveraging technology make it an attractive investment choice for those looking to gain exposure to one of the most dynamic banking landscapes in the world.
See Also
What is State Bank of India's Pre-Tax Income?
Pre-Tax Income
924.6B
INR
Based on the financial report for Jun 30, 2024, State Bank of India's Pre-Tax Income amounts to 924.6B INR.
What is State Bank of India's Pre-Tax Income growth rate?
Pre-Tax Income CAGR 10Y
15%
Over the last year, the Pre-Tax Income growth was 2%. The average annual Pre-Tax Income growth rates for State Bank of India have been 37% over the past three years , 41% over the past five years , and 15% over the past ten years .
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