India’s biggest bank wants to grow even bigger. State Bank of India (SBI) plans to expand its balance-sheet to about 25 per cent of the country’s GDP by 2030 from about 20 per cent now.
The state-owned bank, which has been doubling its balance-sheet roughly every six years, is eyeing an improvement in its market share by one per cent in each of the 800 districts in the country in FY27 in the run-up to its balance-sheet expansion goal, per plans laid out by the bank.
Each district will be treated as a distinct growth unit with strategies tailored to local opportunities, said senior executives versed with the bank’s roadmap.
A bank’s balance-sheet comprises capital (including tier-I and tier-II capital and reserves and surplus) and liabilities (deposits, borrowings and other liabilities and provisions) which are used to create assets (including loans and advances, investments, cash and balances with the RBI, balances with banks and money at call and short-notice, fixed and other assets).
As at December 2025 end, SBI’s balance-sheet stood at ₹71.62 lakh crore.
The bank’s total business (deposits: ₹57.01 lakh crore plus advances: ₹46.28 lakh crore) stood at ₹103.29 lakh crore. Further, its market share in deposits and advances stood at about 22 per cent and 20 per cent, respectively.
Global ranking
The SBI’s ambitious goal to grow its balance-sheet to about 25 per cent of the country’s GDP comes even as it has already set its sights on moving up the ranking scale of global banks by market capitalisation.
In November 2025, Chairman Challa Sreenivasulu Setty said SBI aims to rank among the top 10 global banks on this metric against the then 27th position.
Push for deposits
To add heft to its business, on the liabilities front, SBI will pursue themes such as “ABCD” (all branches to contribute to deposits), activate at least 25 per cent of unclaimed deposits of ₹19,500 crore and tap Gen Z, young professionals and the emerging affluent segment, said the executives.
Balanced lending
On the assets front, the bank will take a balanced approach, combining expansion in corporate segment along with traditional segments such as RAM (retail, agriculture and MSME), with a strong push towards end-to-end digital journeys.
Also in the works is a move to deploy “Seva Sarathis” (service guides) in 10,000 high footfall branches and identifying white spaces to expand its branch footprint.
Further, the lender will remove the distinction between home and non-home branches, enabling customers to undertake transactions at any branch.
New Yono app
SBI is also setting much store by its new mobile banking app YONO 2.0, which was launched in 2025.
It expects to onboard and serve over 20 crore users (against about 10 crore now) in the next few years via YONO 2.0.
SBI currently serves about 53 crore customers, that is, every third Indian is its customer, via 23,125 domestic and 244 foreign branches/ offices.
Published on April 21, 2026