SBI’s Total Business May Double To ₹200 Lakh Cr By 2030: Chairman Setty

State Bank of India’s (SBI) total business could potentially double to around ₹200 lakh crore by 2030, when the country’s largest lender marks its 75th year, said Chairman CS Setty.

SBI’s total business, comprising loans and advances, crossed ₹100 lakh crore in the second quarter of the previous financial year and stood at ₹110.01 lakh crore at the end of June 2026.

SBI has not fixed a specific business target for its platinum jubilee year. However, based on its current growth trajectory, the lender could reach ₹170-180 lakh crore, with the possibility of touching ₹200 lakh crore by 2030, Setty said in an interview with news agency PTI.

"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 said.

Balance Sheet Growth Linked To Economy

SBI’s expansion would remain closely linked to the performance of the Indian economy. If economic growth remains at 7-8%, the bank’s balance sheet could expand by around 11-12% annually, Setty said.

"If the Indian economy grows at 7-8% and our balance sheet has a potential to grow at 11-12%, 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," he said.

He added that SBI’s Vision 2030 focuses on four key stakeholder groups — customers, employees, shareholders, and the government and regulators, including the Reserve Bank of India.

For customers, the bank is prioritising service and experience, while its employee focus includes simplifying processes and improving productivity. For shareholders, SBI aims to create value through greater efficiency and productivity, Setty told PTI.

SBI Targets Stable Capital Ratios

The Chairman further said that SBI also intends to maintain its Common Equity Tier 1 (CET1) ratio at around 12% and capital to risk-weighted assets ratio (CRAR) at around 15% through economic cycles.

The bank is also targeting a consistent 2-3 percentage point reduction in its cost-to-income ratio, although Setty said this would depend on efficiency and productivity gains rather than simply cutting expenses.

SBI’s broader strategic objectives could be revised annually, while continuing to guide the bank through different economic cycles, he added, as per PTI.