State Bank of India (SBI) has reported a record- setting net profit of approximately $9.2 billion for the fiscal year ending March 2025. This acheivement places SBI among the top 100 global companies by net profit making it only the third Indian entity to reach this status, alongside Reliance Industries and Oil and Natural Gas Corporation (ONGC). The impressive earnings were primarily driven by SBI’s digital initiatives,  especially YONO, which have significantly enhanced operational efficiency and customer reach. The bank's focus on digital transformation has not only streamlined services but also contributed to its substantial financial success.

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SBI: Future Aspirations

SBI aims to become the first Indian financial firm to cross a net profit milestone of Rs 1 lakh crore within the next 3-5 years. Chairman C.S Setty expressed confidence in achieving this target, emphasising the bank's potential and commitment to customer-centric operations.

Market Capitalisation Milestone

In addition to its profit achievements, SBI's market capitalisation has surpassed ₹8 lakh crore, reflecting strong investor confidence and the bank's robust financial health. This milestone was reached as shares rose over 9 per cent during a stock market rally, hitting an all-time high of ₹909.  SBI's remarkable financial performance and strategic focus on digital innovation underscore its position as a leader in India's banking sector.