SBI Enters Global Top 100 in Net Profit, Becomes India's Third Firm to Reach the Mark.
International
Mumbai-based State Bank of India (SBI), the country’s largest Public Sector Bank (PSB), has achieved a major global milestone by securing a place among the top 100 most profitable companies in the world. This marks a significant achievement for India's banking sector on the global stage.
- In FY 2024-25, SBI recorded a net profit of USD 9.2 billion (Rs. 77,561 crore), earning it the 98th rank globally in terms of annual profits, as per Bloomberg data. This feat places SBI among the world’s financial heavyweights.
- SBI now becomes the third Indian company to break into the global top 100 profit-making firms. The first two were Oil and Natural Gas Corporation Limited (ONGC) in 2009 and Reliance Industries Limited (RIL) in 2021.
- This accomplishment is driven by SBI's impressive financial performance, with its net profit growing at a Compound Annual Growth Rate (CAGR) of 31% over the last five years, reflecting strong operational efficiency and robust earnings.
Main Point :- (i) The rise also follows SBI’s historic merger with its five associate banks nearly a decade ago, which significantly expanded its asset base and placed it among the world’s top 50 banks by assets.
(ii) With this ranking, SBI joins global corporate giants like Alphabet (Google’s parent company), Apple, NVIDIA, JPMorgan Chase, and Microsoft in terms of profitability. These firms dominate the global profit charts, especially in the tech and energy sectors.
(iii) The United States leads the list with 43 companies, followed by China with 19, and Germany with 5. India's presence through companies like SBI shows the growing strength and competitiveness of Indian enterprises on the world map.
About SBI
Chairman : Challa Sreenivasulu Setty
Established : 1955
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