STATE BANK OF INDIA

Lends and accepts deposits across retail, corporate and treasury segments, earning primarily through net interest income, treasury yields on government securities and digital banking fees. Other Retail Banking is the largest segment at Rs 1,71,862.28 crore (45.2% of segment revenue), covering branch-based retail loans, deposits and services to individuals and small businesses. Corporate/Wholesale Banking contributes Rs 1,07,353.87 crore (28.2% of segment revenue) from large-ticket lending and wholesale services to companies and institutions. Treasury operations bring in Rs 96,466.32 crore (25.4% of segment revenue) from investments in government bonds and trading income. The Digital Banking segment earns Rs 4,160.51 crore (1.1% of segment revenue) but is the most profitable per rupee earned, with the YONO 2.0 platform as the main digital channel and 66% of new savings accounts sourced digitally. Gold loans are a fast-growing retail product, with the portfolio crossing Rs 1 lakh crore at 100% YoY growth and average ticket size of Rs 2.5 lakh. Asset quality is at a two-decade low while domestic net interest margin is 3.03% and capital adequacy ratio stands at 15.4%. FY27 guidance targets credit growth of 13-15% with NIM above 3% and credit cost around 50 basis points.