'₹200 lakh crore business possible by 2030', SBI chief predicts ahead of platinum jubilee

State Bank of India’s total business could double to around ₹200 lakh crore by 2030, when the country’s largest lender celebrates its platinum jubilee, Chairman C S Setty has said.

SBI crossed the Rs 100 lakh crore total business milestone in the second quarter of the previous financial year. Its total business increased further to Rs 110.01 lakh crore at the end of June 2026.

Growth Linked to Economy

SBI was established on July 1, 1955, through an Act of Parliament that provided for the transfer of the undertaking of the Imperial Bank of India. The bank will complete 75 years in 2030.

Speaking to PTI, Setty said SBI had not set any formal milestone for its platinum jubilee year. However, he said the bank’s current growth trajectory could take its total business to ₹170-180 lakh crore, with the possibility of reaching ₹200 lakh crore.

MUST READ | SBI to charge Rs 15 after 4 free transactions from October 1, 2026; check details

“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 Rs 200 lakh crore. That would be another important milestone,” Setty told PTI.

He said SBI’s growth would remain closely connected with the performance of the Indian economy. According to Setty, if India continues to grow at 7-8 per cent annually, the bank’s balance sheet could expand by around 11-12 per cent each year.

“If the Indian economy grows at 7-8 per cent and our balance sheet has the 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 Rs 200 lakh crore overall business," he said.

Focus on 4 stakeholders

Setty said SBI’s Vision 2030 focuses on addressing the requirements of four key stakeholders — customers, employees, shareholders, and the government and regulators, including the Reserve Bank of India.

DON'T MISS | SBI Chairman feels definition of affordable homes needs a review. Here's why

"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," Setty told PTI.

The bank aims to improve customer service, simplify processes for employees and boost productivity. For shareholders, SBI plans to create value through greater efficiency and productivity.

The lender also aims to continue supporting agriculture, MSMEs and the rural economy while mobilising nearly one-fourth of the country’s savings.

At the financial level, SBI plans to maintain its Common Equity Tier 1 capital ratio at around 12 per cent and its capital to risk-weighted assets ratio at approximately 15 per cent through economic cycles.

DO CHECKOUT | SBI FD rates vs Bank of Baroda vs Canara Bank: Which bank offers higher returns in 2026?

Setty added that the bank wants to reduce its cost-to-income ratio by 2-3 percentage points consistently through efficiency and productivity gains rather than merely cutting expenses.

"The focus is on building efficiencies and achieving productivity gains," Setty said.