In the current fiscal, the public sector lender has raised a total of ₹15,000 crore through the issuance of Tier-2 bonds in two equal tranches to meet regulatory requirements and support business growth. In September, it raised ₹7,500 crore via Basel III bonds, at a coupon rate of 7.33%, while it garnered another ₹7,500 crore through its first Basel III compliant Tier 2 bond issuance at a coupon rate of 7.42% in August 2024.

In June this year, the public sector bank announced that it would raise up to ₹20,000 crore in the current financial year by issuing long-term bonds through a public or private placement. The bank last raised equity capital of ₹15,000 crore from the market in FY18.

For the June quarter of FY25, SBI reported a net profit of ₹17,035 crore, up 0.89% YoY. The operating profit grew by 4.55% YoY to ₹26,449 crore. The net interest income (NII) surged 5.71% YoY, while the whole bank net interest margin (NIM) was 3.22% and domestic NIM was 3.35%.

In terms of the balance sheet, the SBI’s credit growth was up by 15.9% year-on-year (YoY) at ₹37.5 lakh crore as on June 30, 2024, from ₹32.4 lakh crore as on June 30, 2023. The increase was driven by the healthy credit offtake across segments such as retail personal, agriculture, small and medium enterprise (SME) and the corporate sector. SBI holds a dominant position in the home loan and auto loan segments with a market share of over 26% and 20%, respectively, as on June 30, 2024, and an overall market share of 22.6% in the advances of the Indian banking sector as on March 31, 2024.

As of June 30, 2024, SBI’s loan book was dominated by retail personal advances, which constituted 35.89% of its gross advances followed by corporate advances (excluding SME) at 29.88%, SME advances at 11.62% and agriculture advances at 8.11%. The international loan book constituted 14.51% of its gross advances as on June 30, 2024.

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