As of FY25, SBI’s market share stood at 19.4% in advances and 22.5% in deposits, compared to 19.1% and 22.6%, respectively, in FY24. SBI maintains a leadership position across key product categories, holding a 27.3% market share in housing loans.
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
We have valued State Bank of India at 1.35x Mar-27E adjusted book value + subsidiary value per share of Rs 252.3, thus deriving a target price of Rs 1,013 (Rs 1,010 earlier).
We are positive on SBI for the long-term considering the bank’s leadership position in corporate and retail lending (which enables it to choose the best quality credit), ample liquidity on the balance sheet (which should provide stability to its margins), and pristine asset quality.
We maintain Buy on SBI.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
. Read more on Research Reports by NDTV Profit.