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State Bank of India Chairman CS Shetty told the future growth plan. exclusive
SBI had also presented a record number of this method last year. But continuing to move towards that number and also if you look at it and the parameters, there was growth in margins here, which is above the guidance. Talking about bank deposit growth, it remains a challenge for many banks. Whereas State Bank has advanced by 9 percent. So now, in an exclusive interview with ET Now Swadesh, Chairman CS Shetty talked about how SBI’s quarterly results were and what is the bank’s future growth plan.
No immediate pressure on deposit growth: SBI management
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SBI Chairman said that at present there does not appear to be any major challenge regarding deposit growth. The most important aspect of the growth rate that the bank is showing is that the cost of resources is not increasing. This is the reason why the bank is avoiding going towards high-cost deposits and is focusing on retail deposits instead of bulk or wholesale deposits.
23,000 branch network becomes the strength of retail deposits
SBI has a strong network of around 23,000 branches across the country, which are being used to provide access to direct retail deposits. Its impact is clearly visible in the figures, where the bank has registered a retail deposit growth of 14.5%. This growth reflects the bank’s branch and customer franchise strength.
CASA ratio strong, 60 thousand savings accounts are being opened every day
The CASA ratio of the bank remains stable at around 39 percent. SBI is opening around 60,000 new savings bank accounts every day. According to the management, the impact of branch strength and further strengthening of customer base is directly visible in retail deposit growth and there is no concern regarding deposits at present.
Margin support due to reduction in cost of resources
SBI has managed the cost of resources effectively, which has had a direct impact on margins. The bank says that margin protection remains in place and the improvement is mainly due to keeping the cost of resources under control.
Positive environment due to US trade deal, confidence on credit growth
SC Shetty believes that the old tariff overhang related to trade with America has ended, due to which the deal environment has become very positive. Details of the trade deal indicate that many sectors will benefit from it. SBI is confident that efforts to maintain corporate credit growth in double digits will continue.
MSME portfolio crosses ₹6 lakh crore for the first time
SBI has achieved an important milestone in the MSME segment. For the first time, the entire MSME portfolio of the bank has reached ₹6 lakh crore. Management says that the benefits of the trade deal will not be limited to the corporate sector only, but the MSME sector will also contribute significantly to the growth.
State Bank recently released the financial results of the third quarter (October-December) of the current financial year, according to which the standalone net profit of the bank has reached a record level of Rs 21,028 crore.
According to the information given to the stock market, the net profit of this public sector bank on integrated basis increased by 13.06 percent to Rs 21,317 crore. The bank’s standalone net interest income (NII) grew 9.04 per cent year-on-year to Rs 45,190 crore from Rs 41,446 crore in the same quarter last year. This was supported by 15.14 per cent growth in credit, although domestic net interest margin (NIM) declined by 0.03 per cent to 3.12 per cent.
During the quarter under review, the bank’s non-interest income increased by 15.65 percent to Rs 8,404 crore. The bank’s total expenses stood at Rs 1,08,052 crore, compared to Rs 1,04,917 crore in the year-ago quarter. On the deposit front, the bank registered a growth of 9.02 percent during the quarter. The latest slippage of the bank stood at Rs 4,458 crore, which was Rs 3,823 crore in the same quarter last year.
The asset quality of the bank has improved and the gross non-performing assets (GNPA) ratio as of December 31, 2025, has improved to 1.57 per cent from 1.73 per cent in the September quarter. Total provisions stood at Rs 4,507 crore. SBI Chairman C S Shetty said in a press conference that special dividend of Rs 2,200 crore from SBI Mutual Fund, increase in fee income and recovery from written off accounts played a major role in the profit increase.
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