SBI's total business may double to ₹200 trillion by 2030: Chairman

SBI Chairman Challa Sreenivasulu Setty said the scale of SBI's operations is closely linked to the performance of the Indian economy (Photo: PTI)

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

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 trillion 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 trillion at the end of June 2026.

Whether the bank had set a specific target for its platinum jubilee year, Setty said there was no formal milestone, but the bank's growth trajectory could take its total business to ₹170-180 trillion and potentially as high as ₹200 trillion by 2030.

"We don't have any milestone, but if you take the current growth rate, I think we should be around ₹170-180 trillion, or maybe reaching ₹200 trillion. That would be another important milestone," he told PTI in an interview.

Setty said the scale of SBI's operations is closely linked to the performance of the Indian economy.

"For a bank of our size, scale is imminent, and it is fully intertwined with what is happening in the Indian economy," he said.

He noted that if the Indian economy continues to grow at 7-8 per cent, SBI's balance sheet has the potential to expand around 11-12 per cent annually.

"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 trillion overall business," he said.

Setty further said SBI has Vision 2030, which focuses on ensuring that all 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 (RBI).

"We are working on the requirements of all these four stakeholders. When we benchmark ourselves against the best globally, we should be able to measure up to the best standards in each of these areas," he said.

For customers, he said, the focus is on improving service and experience. For employees, SBI aims to simplify processes, improve productivity and create an environment where they feel satisfied and can deliver their best.

For shareholders, he said, the focus is on creating value through improved efficiency and productivity, and for the government, SBI aims to continue playing its role as the country's premium bank, including by mobilising nearly one-fourth of the country's savings and supporting economic growth through sectors such as agriculture, MSMEs, and the rural economy.