Posted by team Moneyopedia
The State Bank of India (SBI) is one of the largest banks in India, playing a main role in the country’s financial system. This article will analyze SBI’s share price targets for the years 2025 and 2035, considering various factors affecting its growth.
Company Overview Founded in 1955, SBI has grown to become a leading player in the banking sector with a market capitalization of approximately ₹4 lakh crore. With over 22,000 branches nationwide, it serves millions of customers.
| Company Name | State Bank of India |
| Listed at | BSE & NSE |
| Head Office | 17 Local Head Offices and 101 Zonal Offices , Mumbai |
| Official Website | sbi.co.in/ |
| Sl.No | Name | Designation |
|---|---|---|
| 1. | Shri Challa Sreenivasulu Setty | Chairman |
| 2. | Shri Ashwini Kumar Tewari | Managing Director |
| 3. | Shri Vinay M Tonse | Managing Director |
| 4. | Shri Rana Ashutosh Kumar Singh | Managing Director |
| 5. | Shri Ajay Kumar | Director |
| 6. | Shri Nagaraju Maddirala | Director |
| 7. | Smt. Swati Gupta | Director |
| 8. | CA Prafulla P Chhajed | Director |
| 9. | Shri Rajesh Kumar Dubey | Director |
| 10. | CA Dharmendra Singh Shekhawat | Director |
| 11. | Shri Mrugank M Paranjape | Director |
| 12. | CA Ketan S Vikamsey | Director |
Before analyzing the future share prices, let’s assess SBI’s current performance. As of March 2024 Report , State Bank of India (SBI) demonstrates strong financial growth, with shareholders’ funds reaching ₹377,246.53 crore, supported by growing reserves and a surplus of ₹348,798.43 crore. Deposits surged to ₹4,916,076.77 crore, reflecting strong customer trust; meanwhile, borrowings grew to ₹597,560.91 crore. SBI’s investments increased to ₹1,671,339.66 crore, and its advances (loans) expanded significantly to ₹3,703,970.85 crore, indicating robust lending activities. Asset quality improved, with the Gross NPA reducing to 2.24%, down from 6.00% in 2020, showcasing effective risk management. These figures highlight SBI’s resilience and steady growth in the banking sector.
| Category | Mar 24 (₹ Cr.) | Mar 23 (₹ Cr.) | Mar 22 (₹ Cr.) | Mar 21 (₹ Cr.) | Mar 20 (₹ Cr.) |
|---|---|---|---|---|---|
| Equity Share Capital | 892.46 | 892.46 | 892.46 | 892.46 | 892.46 |
| Revaluation Reserve | 27,555.65 | 27,756.26 | 23,377.87 | 23,577.35 | 23,762.67 |
| Reserves and Surplus | 348,798.43 | 298,959.73 | 255,817.73 | 229,405.38 | 207,352.30 |
| Total Shareholder’s Funds | 377,246.53 | 327,608.45 | 280,088.06 | 253,875.19 | 232,007.43 |
| Deposits | 4,916,076.77 | 4,423,777.78 | 4,051,534.12 | 3,681,277.08 | 3,241,620.73 |
| Borrowings | 597,560.91 | 493,135.16 | 426,043.38 | 417,297.70 | 314,655.65 |
| Other Liabilities and Provisions | 288,809.73 | 272,457.15 | 229,931.84 | 181,979.66 | 163,110.10 |
| Total Liabilities | 6,179,693.95 | 5,516,978.53 | 4,987,597.41 | 4,534,429.63 | 3,951,393.92 |
| Cash and Balances (RBI) | 225,141.70 | 247,087.58 | 257,859.21 | 213,201.54 | 166,735.78 |
| Balances with Banks | 85,660.29 | 60,812.04 | 136,693.11 | 129,837.17 | 84,361.23 |
| Investments | 1,671,339.66 | 1,570,366.23 | 1,481,445.47 | 1,351,705.21 | 1,046,954.52 |
| Advances | 3,703,970.85 | 3,199,269.30 | 2,733,966.59 | 2,449,497.79 | 2,325,289.56 |
| Fixed Assets | 42,617.25 | 42,381.80 | 37,708.16 | 38,419.24 | 38,439.28 |
| Other Assets | 450,964.19 | 397,061.58 | 339,924.86 | 351,768.68 | 289,613.55 |
| Number of Branches | 22,542 | 22,405 | 22,266 | 22,219 | 22,141 |
| Capital Adequacy Ratio (%) | 14.28 | 14.68 | 13.85 | 13.74 | 13.13 |
| Gross NPA | 84,276.33 | 90,927.78 | 112,023.00 | 126,389.00 | 149,091.85 |
| Gross NPA (%) | 2.24 | 2.78 | 3.97 | 5.00 | 6.00 |
| Net NPA | 21,051.08 | 21,466.64 | 27,965.71 | 36,809.72 | 51,871.30 |
| Net NPA (%) | 0.57 | 0.67 | 1.02 | 1.50 | 2.23 |
State Bank of India (SBI) has shown significant profit growth over the past five years. As of March 2024, SBI’s net profit surged to ₹61,076.62 crore from ₹50,232.45 crore in March 2023, marking a consistent upward trend from ₹31,675.98 crore in March 2022. Interest income has risen steadily, particularly from advances and investments, reaching ₹466,812.82 crore as of March 2024. Operating expenses also grew, driven by rising interest expenditure and employee costs. Despite higher provisions in earlier years, SBI’s earnings per share and dividend payouts have seen substantial growth, reflecting its strong financial health and profitability.
| Year | Total Income | Total Spending funds | Net Profit | Earnings Per Share (EPS) |
|---|---|---|---|---|
| 2024 | 466,812.82 | 405,736.20 | 61,076.62 | ₹68.44 |
| 2023 | 368,718.66 | 318,486.20 | 50,232.45 | ₹56.29 |
| 2022 | 316,021.20 | 284,345.22 | 31,675.98 | ₹35.49 |
| 2021 | 308,647.01 | 288,236.54 | 20,410.47 | ₹22.87 |
| 2020 | 302,545.07 | 288,056.96 | 14,488.11 | ₹16.23 |
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹641 | ₹839 | ₹940 |
| 2025 | ₹950 | ₹1,100 | ₹1,200 |
| 2026 | ₹1,250 | ₹1,400 | ₹1,550 |
| 2027 | ₹1,600 | ₹1,750 | ₹1,900 |
| 2028 | ₹2,000 | ₹2,150 | ₹2,300 |
| 2029 | ₹2,400 | ₹2,600 | ₹2,800 |
| 2030 | ₹3,000 | ₹3,200 | ₹3,500 |
| 2035 | ₹4,000 | ₹4,500 | ₹5,000 |
In 2025, SBI’s share price is expected to see steady growth. Starting the year around ₹950, the share price could rise up to ₹1,200 by the year-end, driven by strong financial performance and growth in India’s banking sector. This year sets the stage for long-term investors looking for consistent returns.
| Month | Target Price (₹) |
|---|---|
| January | ₹950 |
| February | ₹960 |
| March | ₹980 |
| April | ₹1,000 |
| May | ₹1,020 |
| June | ₹1,050 |
| July | ₹1,080 |
| August | ₹1,100 |
| September | ₹1,120 |
| October | ₹1,150 |
| November | ₹1,180 |
| December | ₹1,200 |
The year 2026 anticipates further upward momentum, with SBI shares likely to touch ₹1,550 by December. As the Indian economy continues to expand, SBI’s strong market position should help it capitalize on increased banking and financial services demand, benefiting investors with steady returns.
| Month | Target Price (₹) |
|---|---|
| January | ₹1,250 |
| February | ₹1,260 |
| March | ₹1,280 |
| April | ₹1,300 |
| May | ₹1,320 |
| June | ₹1,350 |
| July | ₹1,380 |
| August | ₹1,400 |
| September | ₹1,420 |
| October | ₹1,450 |
| November | ₹1,500 |
| December | ₹1,550 |
SBI shares in 2027 are expected to reach ₹1,900 by year-end. This year will likely witness more robust financial growth, supported by digital banking services and SBI’s expanding presence in retail and corporate banking, offering long-term stability to investors.
| Month | Target Price (₹) |
|---|---|
| January | ₹1,600 |
| February | ₹1,620 |
| March | ₹1,640 |
| April | ₹1,660 |
| May | ₹1,680 |
| June | ₹1,700 |
| July | ₹1,720 |
| August | ₹1,750 |
| September | ₹1,770 |
| October | ₹1,800 |
| November | ₹1,850 |
| December | ₹1,900 |
2028 forecasts SBI share prices breaking into ₹2,000+ territory. This year represents a milestone, as the bank continues to innovate and capture a greater share of the financial services market. Investors may see substantial returns as the share price rises to ₹2,300 by year-end.
| Month | Target Price (₹) |
|---|---|
| January | ₹2,000 |
| February | ₹2,020 |
| March | ₹2,040 |
| April | ₹2,060 |
| May | ₹2,080 |
| June | ₹2,100 |
| July | ₹2,120 |
| August | ₹2,150 |
| September | ₹2,170 |
| October | ₹2,200 |
| November | ₹2,250 |
| December | ₹2,300 |
In 2029, SBI shares are expected to soar further, potentially reaching ₹2,800 by December. With the bank’s expanding digital footprint and focus on innovation, it is well-positioned to leverage the growing fintech space, making it an attractive option for growth-oriented investors.
| Month | Target Price (₹) |
|---|---|
| January | ₹2,400 |
| February | ₹2,420 |
| March | ₹2,440 |
| April | ₹2,460 |
| May | ₹2,480 |
| June | ₹2,500 |
| July | ₹2,550 |
| August | ₹2,600 |
| September | ₹2,650 |
| October | ₹2,700 |
| November | ₹2,750 |
| December | ₹2,800 |
By 2030, SBI is forecasted to surpass ₹3,500 by year-end. The bank’s increased investments in technology, coupled with India’s rapid economic growth, will likely drive share prices higher, offering significant returns to long-term investors focusing on the future of the Indian banking sector.
| Month | Target Price (₹) |
|---|---|
| January | ₹3,000 |
| February | ₹3,020 |
| March | ₹3,040 |
| April | ₹3,060 |
| May | ₹3,080 |
| June | ₹3,100 |
| July | ₹3,150 |
| August | ₹3,200 |
| September | ₹3,250 |
| October | ₹3,300 |
| November | ₹3,400 |
| December | ₹3,500 |
Looking ahead to 2035, SBI’s share price could reach as high as ₹5,000, showcasing immense growth potential over the next decade. With continued expansion, a strong focus on digital transformation, and its leadership in India’s banking industry, SBI is poised to deliver exponential returns for investors who hold long-term positions.
| Month | Target Price (₹) |
|---|---|
| January | ₹4,000 |
| February | ₹4,100 |
| March | ₹4,200 |
| April | ₹4,300 |
| May | ₹4,400 |
| June | ₹4,500 |
| July | ₹4,600 |
| August | ₹4,700 |
| September | ₹4,800 |
| October | ₹4,900 |
| November | ₹5,000 |
| December | ₹5,000 |
As of 11 October 2024 (IST) , the current share price of SBI is 797.00 INR.
SBI’s focus on sustainable finance and green banking initiatives is expected to attract eco-friendly investors, boosting the bank’s share price.
By 2035, SBI’s share price could reach between ₹4,000 and ₹5,000, driven by strong financial health and continued technological innovations.
Forecasts are based on historical data, financial trends, and market conditions. While these projections provide insight into potential price movements, they are subject to change based on economic conditions, regulatory changes, and unforeseen market factors.
To stay updated, follow trusted financial news sources, track stock market updates, and seek guidance from a financial advisor.
