SBI Share Price in Focus After it Hits $100 Billion Market Cap

State Bank of India (SBI), the country’s largest lender by assets, has entered the elite $100 billion market capitalisation club after surpassing ₹100 trillion in total business. This remarkable feat is driven by strong quarterly earnings, festive season credit demand, and continued public sector bank consolidation.

Total Business Crosses ₹100 Trillion Amid Strong Quarter

As of September 2025, SBI's total business stood at ₹100.12 trillion, with advances of ₹44.20 lakh crore and deposits of ₹55.92 lakh crore. For the quarter ended September 2025, the bank posted a net profit of ₹20,160 crore, a 10% year-on-year increase. Net interest income rose 3% to ₹42,985 crore, exceeding expectations, fueled by robust credit momentum during the festive period.

$100 Billion Market Cap Joins India’s Top Tier

SBI’s entry into the $100 billion valuation club places it alongside major Indian corporates like Reliance Industries ($228 billion), HDFC Bank ($170 billion), and Tata Consultancy Services. This milestone underscores the increasing importance of banking institutions in India’s economic ascent as the world’s fourth-largest economy.

Public Sector Bank Consolidation Boosts Growth

SBI’s Chairman, CS Setty, acknowledged the benefits of the public sector bank consolidation that reduced PSBs from 26 to 12. He emphasised that achieving scale has enabled greater technology adoption, leading to improved returns on investment. This structural reform has positioned SBI favourably for sustainable growth in a digital future.

Read More: SBI Q2 FY26 Results: Net Profit Rises 9.97% YoY to ₹20,160 Crore!

SBI Share Price Details 

SBI’s shares have surged over 20% since January 2025, outpacing the Nifty50’s gain of under 9% and the Nifty Bank’s 14% rise. The stock now trades at 1.5 times its 12-month forward book value, compared to its 5-year average of 1.4 times, indicating strong investor sentiment backed by performance and strategic positioning.

State Bank of India Share Price Performance

On November 6, 2025, State Bank of India share price opened at ₹969.65 on NSE, above the previous close of ₹957.60. During the day, it surged to ₹971.40 and dipped to ₹955.45. The stock is trading at ₹956.00 as of 11:35 AM. The stock registered a marginal change of -0.17%.

Over the past week, it has moved up by 2.32%, over the past month, it has moved up by 10.56%, and over the past 3 months, it has moved up by 18.74%.

Conclusion

SBI’s crossing of both the ₹100 trillion business mark and $100 billion market cap reflects its solid fundamentals, strategic scale advantages from consolidation, and strong performance in a festive-led credit environment. It stands as a key pillar in India’s banking landscape, underscoring the sector’s significant role in national growth.

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