State Bank of India (SBI) has entered the $100 billion market capitalisation club following a strong September quarter (Q2 FY26) performance. The milestone comes as robust credit growth and festive retail demand helped the country\u2019s largest lender by assets surpass \u20b9100 trillion in total business.<\/p>\n
As of September 2025, SBI\u2019s total business stood at \u20b9100.12 trillion, comprising advances of \u20b944.20 lakh crore and deposits of \u20b955.92 lakh crore.<\/p>\n
With this achievement, SBI joins an elite group of Indian corporates with valuations above $100 billion. The list includes:<\/p>\n
Reliance Industries ($228 billion)<\/p>\n<\/li>\n
HDFC Bank ($170 billion)<\/p>\n<\/li>\n
Bharti Airtel<\/p>\n<\/li>\n
Tata Consultancy Services (TCS)<\/p>\n<\/li>\n
ICICI Bank<\/p>\n<\/li>\n<\/ul>\n
Out of these six companies, three are banks, highlighting the sector\u2019s increasing influence in India\u2019s rapidly expanding economy.<\/p>\n
Infosys, which crossed the $100 billion mark in 2021, currently holds a valuation of around $70 billion, weighed down by a weaker rupee and sluggish IT sector growth.<\/p>\n
For the September 2025 quarter, SBI reported:<\/p>\n
Net Interest Income (NII): \u20b942,985 crore, up 3% year-on-year (YoY), exceeding CNBC-TV18\u2019s estimate of \u20b940,766 crore.<\/p>\n<\/li>\n
Net Profit: \u20b920,160 crore, up 10% YoY, surpassing Street expectations of \u20b917,048 crore.<\/p>\n<\/li>\n<\/ul>\n
The results were boosted by a one-off gain of \u20b94,593 crore from the sale of its stake in Yes Bank during the quarter.<\/p>\n
Also Read<\/strong>: Ola Electric Q2 FY26 Results: Loss Narrows Despite Revenue Drop<\/a><\/em><\/p>\n SBI Chairman CS Setty highlighted that the consolidation of public sector banks (PSBs) has strengthened the industry. The number of PSBs has reduced from 26 to 12, improving scale advantages and enabling greater technology adoption.<\/p>\n \u201cScale is crucial, especially for technology investments. Without sufficient scale, it\u2019s difficult to justify or gain returns on such investments,\u201d Setty told CNBC-TV18.<\/p>\n He also indicated that further consolidation in the banking sector could be possible, though no timeline was specified.<\/p>\n Since the beginning of 2025, SBI shares have gained over 20%, outperforming both the Nifty50\u2019s 9% rise and the Nifty Bank index\u2019s 14% gain.<\/p>\n Following the rally, the stock now trades at 1.5x its 12-month forward book value, slightly above its five-year average of 1.4x.<\/p>\n According to Bloomberg data, of the 50 analysts tracking the stock:<\/p>\n 41 recommend \u2018Buy\u2019,<\/p>\n<\/li>\n 8 suggest \u2018Hold\u2019, and<\/p>\n<\/li>\n 1 has a \u2018Sell\u2019 rating.<\/p>\n Click here to explore:<\/strong> State Bank of India (SBI) has entered the $100 billion market capitalisation club following a strong September quarter (Q2 FY26) performance. The milestone comes as robust credit growth and festive retail demand helped the country\u2019s largest lender by assets surpass \u20b9100 trillion in total business. As of September 2025, SBI\u2019s total business stood at \u20b9100.12 […]<\/p>\n","protected":false},"author":2,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1370],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-16891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-economy-blog"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=16891"}],"version-history":[{"count":2,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16891\/revisions"}],"predecessor-version":[{"id":16927,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/16891\/revisions\/16927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/16837"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=16891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=16891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=16891"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=16891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Chairman\u2019s View: Consolidation Boosted Scale and Efficiency<\/h2>\n
SBI Stock Performance and Valuation<\/h3>\n
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\nGift Nifty<\/a>
\nFII DII Data<\/a>
\nIPO<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"