ANALYSIS OF

FINANCIAL
STATEMENTS OF
STATE BANK OF
INDIA

Name- Aditya Agarwal

Roll no- 2415106
Course- BA (Hons) Economics
BALANCE SHEET OF STATE BANK OF INDIA AS AT MARCH 2021 TO MARCH 2025:
Balance Sheet of State Bank of India as at March 2021 to March 2025 (000s omitted)
Particulars Mar-21 Mar-22 Mar-23 Mar-24 Mar-25
CAPITAL AND LIABILITIES
Capital ₹ 89,24,612 ₹ 89,24,612 ₹ 89,24,612 ₹ 89,24,612 ₹ 89,24,620
Reserves and Surplus ₹ 2,52,98,27,285 ₹ 2,79,19,55,989 ₹ 3,26,71,59,877 ₹ 3,76,35,40,725 ₹ 4,40,26,96,581
Deposits ₹ 36,81,27,70,796 ₹ 40,51,53,41,227 ₹ 44,23,77,77,763 ₹ 49,16,07,67,693 ₹ 53,82,18,95,283
Borrowings ₹ 4,17,29,76,988 ₹ 4,26,04,33,798 ₹ 4,93,13,51,562 ₹ 5,97,56,09,078 ₹ 5,63,57,25,236
Other Liabilities and Provisions ₹ 1,81,97,96,631 ₹ 2,29,93,18,428 ₹ 2,72,45,71,451 ₹ 2,88,80,97,342 ₹ 2,89,12,90,967
TOTAL ₹ 45,34,42,96,312 ₹ 49,87,59,74,054 ₹ 55,16,97,85,265 ₹ 61,79,69,39,450 ₹ 66,76,05,32,687

ASSETS
Cash and Balances with Reserve Bank of India ₹ 2,13,20,15,363 ₹ 3,18,26,52,071 ₹ 2,47,08,75,752 ₹ 2,25,14,16,961 ₹ 2,27,21,74,940
Balances with banks and money at call and short notice ₹ 1,29,83,71,731 ₹ 76,28,71,140 ₹ 60,81,20,428 ₹ 85,66,02,919 ₹ 1,13,01,21,931
Investments ₹ 13,51,70,52,051 ₹ 14,81,44,54,698 ₹ 15,70,36,62,257 ₹ 16,71,33,96,561 ₹ 16,90,57,27,465
Advances ₹ 24,49,49,77,911 ₹ 27,33,96,65,929 ₹ 31,99,26,92,968 ₹ 37,03,97,08,540 ₹ 41,63,31,21,016
Fixed Assets ₹ 38,41,92,419 ₹ 37,70,81,583 ₹ 42,38,18,031 ₹ 42,61,72,525 ₹ 44,10,75,526
Other Assets ₹ 3,51,76,86,837 ₹ 3,39,92,48,633 ₹ 3,97,06,15,829 ₹ 4,50,96,41,944 ₹ 4,37,83,11,809
TOTAL ₹ 45,34,42,96,312 ₹ 49,87,59,74,054 ₹ 55,16,97,85,265 ₹ 61,79,69,39,450 ₹ 66,76,05,32,687

COMPARATIVE BALANCE SHEET OF STATE BANK OF INDIA AS AT MARCH 2021

TO MARCH 2025:
Comparative Balance Sheet of State Bank of India as at March 2021 to March 2025 (Absolute Changes Only)
Particulars Mar-21 (Base Year) Mar-22 Mar-23 Mar-24 Mar-25
CAPITAL AND LIABILITIES
Capital ₹ 89,24,612 ₹ - ₹ - ₹ - ₹ 8
Reserves and Surplus ₹ 2,52,98,27,285 ₹ 26,21,28,704 ₹ 73,73,32,592 ₹ 1,23,37,13,440 ₹ 1,87,28,69,296
Deposits ₹ 36,81,27,70,796 ₹ 3,70,25,70,431 ₹ 7,42,50,06,967 ₹ 12,34,79,96,897 ₹ 17,00,91,24,487
Borrowings ₹ 4,17,29,76,988 ₹ 8,74,56,810 ₹ 75,83,74,574 ₹ 1,80,26,32,090 ₹ 1,46,27,48,248
Other Liabilities and Provisions ₹ 1,81,97,96,631 ₹ 47,95,21,797 ₹ 90,47,74,820 ₹ 1,06,83,00,711 ₹ 1,07,14,94,336
TOTAL ₹ 45,34,42,96,312 ₹ 4,53,16,77,742 ₹ 9,82,54,88,953 ₹ 16,45,26,43,138 ₹ 21,41,62,36,375

ASSETS
Cash and Balances with Reserve Bank of India ₹ 2,13,20,15,363 ₹ 1,05,06,36,708 ₹ 33,88,60,389 ₹ 11,94,01,598 ₹ 14,01,59,577
Balances with banks and money at call and short notice ₹ 1,29,83,71,731 ₹ -53,55,00,591 ₹ -69,02,51,303 ₹ -44,17,68,812 ₹ -16,82,49,800
Investments ₹ 13,51,70,52,051 ₹ 1,29,74,02,647 ₹ 2,18,66,10,206 ₹ 3,19,63,44,510 ₹ 3,38,86,75,414
Advances ₹ 24,49,49,77,911 ₹ 2,84,46,88,018 ₹ 7,49,77,15,057 ₹ 12,54,47,30,629 ₹ 17,13,81,43,105
Fixed Assets ₹ 38,41,92,419 ₹ -71,10,836 ₹ 3,96,25,612 ₹ 4,19,80,106 ₹ 5,68,83,107
Other Assets ₹ 3,51,76,86,837 ₹ -11,84,38,204 ₹ 45,29,28,992 ₹ 99,19,55,107 ₹ 86,06,24,972
TOTAL ₹ 45,34,42,96,312 ₹ 4,53,16,77,742 ₹ 9,82,54,88,953 ₹ 16,45,26,43,138 ₹ 21,41,62,36,375

Comparative Balance Sheet of State Bank of India as at March 2021 to March 2025 (Percentage Changes Only)
Particulars Mar-21 (Base Year) Mar-22 Mar-23 Mar-24 Mar-25
CAPITAL AND LIABILITIES
Capital ₹ 89,24,612 0.00% 0.00% 0.00% 0.00009%
Reserves and Surplus ₹ 2,52,98,27,285 10.36% 29.15% 48.77% 74.03%
Deposits ₹ 36,81,27,70,796 10.06% 20.17% 33.54% 46.20%
Borrowings ₹ 4,17,29,76,988 2.10% 18.17% 43.20% 35.05%
Other Liabilities and Provisions ₹ 1,81,97,96,631 26.35% 49.72% 58.70% 58.88%
TOTAL ₹ 45,34,42,96,312 9.99% 21.67% 36.28% 47.23%

ASSETS
Cash and Balances with Reserve Bank of India ₹ 2,13,20,15,363 49.28% 15.89% 5.60% 6.57%
Balances with banks and money at call and short notice ₹ 1,29,83,71,731 -41.24% -53.16% -34.02% -12.96%
Investments ₹ 13,51,70,52,051 9.60% 16.18% 23.65% 25.07%
Advances ₹ 24,49,49,77,911 11.61% 30.61% 51.21% 69.97%
Fixed Assets ₹ 38,41,92,419 -1.85% 10.31% 10.93% 14.81%
Other Assets ₹ 3,51,76,86,837 -3.37% 12.88% 28.20% 24.47%
TOTAL ₹ 45,34,42,96,312 9.99% 21.67% 36.28% 47.23%
COMMON SIZE BALANCE SHEET OF STATE BANK OF INDIA AS AT MARCH 2021
TO MARCH 2025:
Common Size Balance Sheet of State Bank of India as at March 2021 to March 2025
Particulars Mar-21 Mar-22 Mar-23 Mar-24 Mar-25
CAPITAL AND LIABILITIES
Capital 0.020% 0.018% 0.016% 0.014% 0.013%
Reserves and Surplus 5.58% 5.60% 5.92% 6.09% 6.59%
Deposits 81.19% 81.23% 80.18% 79.55% 80.62%
Borrowings 9.20% 8.54% 8.94% 9.67% 8.44%
Other Liabilities and Provisions 4.01% 4.61% 4.94% 4.67% 4.33%
TOTAL 100.00% 100.00% 100.00% 100.00% 100.00%

ASSETS
Cash and Balances with Reserve Bank of India 4.70% 6.38% 4.48% 3.64% 3.40%
Balances with banks and money at call and short notice 2.86% 1.53% 1.10% 1.39% 1.69%
Investments 29.81% 29.70% 28.46% 27.05% 25.32%
Advances 54.02% 54.82% 57.99% 59.94% 62.36%
Fixed Assets 0.85% 0.76% 0.77% 0.69% 0.66%
Other Assets 7.76% 6.82% 7.20% 7.30% 6.56%
TOTAL 100.00% 100.00% 100.00% 100.00% 100.00%

Some Key Observations:

1. Advances increased considerably from March 2021 to March 2025, which is evident from the common size
balance sheet by an increase from 54% to 62%. This indicates a strategic focus on lending and credit
expansion.

2. Remarkably, investments have also increased by a quarter of the original amount from March 2021 to March
2025. Still, their proportion among the assets has declined from ~30% to 25%, indicating a greater emphasis
on advances as a major asset component among others.

3. Cash and balances with RBI saw an increase from March 2021 to March 2025 in absolute numbers, but again
their composition among the overall assets declined from 4.7% to 3.4%. This indicates that a significant
portion of the cash is being invested by SBI in other assets rather than being held with the RBI.

4. Deposits have increased in absolute terms from March 2021 to March 2025, and their relative proportion in the
assets has been stable over the five years. This indicates a growing customer trust in the operations of SBI.
 STATEMENT OF PROFIT AND LOSS OF STATE BANK OF INDIA FOR THE YEARS
ENDED MARCH 2021 TO MARCH 2025:
Profit and Loss Account of State Bank of India for the years ended March 2021 to March 2025 (000s omitted)
Particulars Mar-21 Mar-22 Mar-23 Mar-24 Mar-25
I. INCOME
Interest earned ₹ 2,65,15,06,338 ₹ 2,75,45,72,904 ₹ 3,32,10,30,602 ₹ 4,15,13,06,555 ₹ 4,62,48,93,535
Other income ₹ 43,49,63,747 ₹ 40,56,39,140 ₹ 36,61,55,976 ₹ 51,68,21,637 ₹ 61,68,30,592
TOTAL ₹ 3,08,64,70,085 ₹ 3,16,02,12,044 ₹ 3,68,71,86,578 ₹ 4,66,81,28,192 ₹ 5,24,17,24,127

II. EXPENDITURE
Interest expended ₹ 1,54,44,06,333 ₹ 1,54,74,97,043 ₹ 1,87,26,25,556 ₹ 2,55,25,48,288 ₹ 2,95,52,42,252
Operating expenses ₹ 82,65,22,235 ₹ 93,39,75,152 ₹ 97,74,31,361 ₹ 1,24,86,08,135 ₹ 1,18,06,90,222
Provisions and contingencies ₹ 51,14,36,823 ₹ 36,19,80,044 ₹ 33,48,05,125 ₹ 25,62,05,567 ₹ 39,67,85,372
TOTAL ₹ 2,88,23,65,391 ₹ 2,84,34,52,239 ₹ 3,18,48,62,042 ₹ 4,05,73,61,990 ₹ 4,53,27,17,846

III. PROFIT
Net Profit for the year ₹ 20,41,04,694 ₹ 31,67,59,805 ₹ 50,23,24,536 ₹ 61,07,66,202 ₹ 70,90,06,281
Add: Profit/(Loss) brought forward ₹ -10,49,83,021 ₹ -3,60,08,446 ₹ 5,88,14,049 ₹ 24,09,87,182 ₹ 50,12,79,106
TOTAL ₹ 9,91,21,673 ₹ 28,07,51,359 ₹ 56,11,38,585 ₹ 85,17,53,384 ₹ 1,21,02,85,387

IV. APPROPRIATIONS
Transfer to Statutory Reserve ₹ 6,12,31,408 ₹ 9,50,27,942 ₹ 15,06,97,361 ₹ 18,32,29,860 ₹ 21,27,01,884
Transfer to Capital Reserve ₹ 1,46,51,242 ₹ 53,81,524 ₹ 23,28,084 ₹ 32,62,104 ₹ 2,17,15,683
Transfer to Investment Fluctuation Reserve ₹ 1,92,81,963 ₹ 4,64,78,702 ₹ 4,57,54,343 ₹ -74,90,805 ₹ -
Transfer to Revenue and other Reserves ₹ 42,67,060 ₹ 1,16,84,400 ₹ 2,05,23,500 ₹ 4,92,05,936 ₹ 1,53,72,700
Dividend for the current year ₹ 3,56,98,446 ₹ 6,33,64,742 ₹ 10,08,48,115 ₹ 12,22,67,183 ₹ 14,19,01,459
Balance carried over to Balance Sheet ₹ -3,60,08,446 ₹ 5,88,14,049 ₹ 24,09,87,182 ₹ 50,12,79,106 ₹ 81,85,93,661
TOTAL ₹ 9,91,21,673 ₹ 28,07,51,359 ₹ 56,11,38,585 ₹ 85,17,53,384 ₹ 1,21,02,85,387

V. EARNINGS PER EQUITY SHARE (Face

value ₹1 per share)
Basic (in ₹) ₹ 22.87 ₹ 35.49 ₹ 56.29 ₹ 68.44 ₹ 79.44
Diluted (in ₹) ₹ 22.87 ₹ 35.49 ₹ 56.29 ₹ 68.44 ₹ 79.44
 COMPARATIVE STATEMENT OF PROFIT AND LOSS OF STATE BANK OF INDIA
FOR THE YEARS ENDED MARCH 2021 TO MARCH 2025:
Comparative Statement of Profit and Loss of State Bank of India for the years ended March 2021 to March 2025 (Absolute Changes Only)
Particulars Mar-21 (Base Year) Mar-22 Mar-23 Mar-24 Mar-25
I. INCOME
Interest earned ₹ 2,65,15,06,338 ₹ 10,30,66,566 ₹ 66,95,24,264 ₹ 1,49,98,00,217 ₹ 1,97,33,87,197
Other income ₹ 43,49,63,747 ₹ -2,93,24,607 ₹ -6,88,07,771 ₹ 8,18,57,890 ₹ 18,18,66,845
TOTAL ₹ 3,08,64,70,085 ₹ 7,37,41,959 ₹ 60,07,16,493 ₹ 1,58,16,58,107 ₹ 2,15,52,54,042

II. EXPENDITURE
Interest expended ₹ 1,54,44,06,333 ₹ 30,90,710 ₹ 32,82,19,223 ₹ 1,00,81,41,955 ₹ 1,41,08,35,919
Operating expenses ₹ 82,65,22,235 ₹ 10,74,52,917 ₹ 15,09,09,126 ₹ 42,20,85,900 ₹ 35,41,67,987
Provisions and contingencies ₹ 51,14,36,823 ₹ -14,94,56,779 ₹ -17,66,31,698 ₹ -25,52,31,256 ₹ -11,46,51,451
TOTAL ₹ 2,88,23,65,391 ₹ -3,89,13,152 ₹ 30,24,96,651 ₹ 1,17,49,96,599 ₹ 1,65,03,52,455

III. PROFIT
Net Profit for the year ₹ 20,41,04,694 ₹ 11,26,55,111 ₹ 29,82,19,842 ₹ 40,66,61,508 ₹ 50,49,01,587
Add: Profit/(Loss) brought forward ₹ -10,49,83,021 ₹ 6,89,74,575 ₹ 16,37,97,070 ₹ 34,59,70,203 ₹ 60,62,62,127
TOTAL ₹ 9,91,21,673 ₹ 18,16,29,686 ₹ 46,20,16,912 ₹ 75,26,31,711 ₹ 1,11,11,63,714

IV. APPROPRIATIONS
Transfer to Statutory Reserve ₹ 6,12,31,408 ₹ 3,37,96,534 ₹ 8,94,65,953 ₹ 12,19,98,452 ₹ 15,14,70,476
Transfer to Capital Reserve ₹ 1,46,51,242 ₹ -92,69,718 ₹ -1,23,23,158 ₹ -1,13,89,138 ₹ 70,64,441
Transfer to Investment Fluctuation Reserve ₹ 1,92,81,963 ₹ 2,71,96,739 ₹ 2,64,72,380 ₹ -2,67,72,768 ₹ -1,92,81,963
Transfer to Revenue and other Reserves ₹ 42,67,060 ₹ 74,17,340 ₹ 1,62,56,440 ₹ 4,49,38,876 ₹ 1,11,05,640
Dividend for the current year ₹ 3,56,98,446 ₹ 2,76,66,296 ₹ 6,51,49,669 ₹ 8,65,68,737 ₹ 10,62,03,013
Balance carried over to Balance Sheet ₹ -3,60,08,446 ₹ 9,48,22,495 ₹ 27,69,95,628 ₹ 53,72,87,552 ₹ 85,46,02,107
TOTAL ₹ 9,91,21,673 ₹ 18,16,29,686 ₹ 46,20,16,912 ₹ 75,26,31,711 ₹ 1,11,11,63,714

V. EARNINGS PER EQUITY SHARE (Face

value ₹1 per share)
Basic (in ₹) ₹ 22.87 ₹ 12.62 ₹ 33.42 ₹ 45.57 ₹ 56.57
Diluted (in ₹) ₹ 22.87 ₹ 12.62 ₹ 33.42 ₹ 45.57 ₹ 56.57
 Comparative Statement of Profit and Loss of State Bank of India for the years ended March 2021 to March 2025 (Percentage Changes Only)
Particulars Mar-21 (Base Year) Mar-22 Mar-23 Mar-24 Mar-25
I. INCOME
Interest earned ₹ 2,65,15,06,338 3.89% 25.25% 56.56% 74.43%
Other income ₹ 43,49,63,747 -6.74% -15.82% 18.82% 41.81%
TOTAL ₹ 3,08,64,70,085 2.39% 19.46% 51.24% 69.83%

II. EXPENDITURE
Interest expended ₹ 1,54,44,06,333 0.20% 21.25% 65.28% 91.35%
Operating expenses ₹ 82,65,22,235 13.00% 18.26% 51.07% 42.85%
Provisions and contingencies ₹ 51,14,36,823 -29.22% -34.54% -49.90% -22.42%
TOTAL ₹ 2,88,23,65,391 -1.35% 10.49% 40.77% 57.26%

III. PROFIT
Net Profit for the year ₹ 20,41,04,694 55.19% 146.11% 199.24% 247.37%
Add: Profit/(Loss) brought forward ₹ -10,49,83,021 -65.70% -156.02% -329.55% -577.49%
TOTAL ₹ 9,91,21,673 183.24% 466.11% 759.30% 1121.01%

IV. APPROPRIATIONS
Transfer to Statutory Reserve ₹ 6,12,31,408 55.19% 146.11% 199.24% 247.37%
Transfer to Capital Reserve ₹ 1,46,51,242 -63.27% -84.11% -77.73% 48.22%
Transfer to Investment Fluctuation Reserve ₹ 1,92,81,963 141.05% 137.29% -138.85% -100.00%
Transfer to Revenue and other Reserves ₹ 42,67,060 173.83% 380.98% 1053.16% 260.26%
Dividend for the current year ₹ 3,56,98,446 77.50% 182.50% 242.50% 297.50%
Balance carried over to Balance Sheet ₹ -3,60,08,446 -263.33% -769.25% -1492.12% -2373.34%
TOTAL ₹ 9,91,21,673 183.24% 466.11% 759.30% 1121.01%

V. EARNINGS PER EQUITY SHARE (Face

value ₹1 per share)
Basic (in ₹) ₹ 22.87 55.18% 146.13% 199.26% 247.35%
Diluted (in ₹) ₹ 22.87 55.18% 146.13% 199.26% 247.35%
 COMMON SIZE STATEMENT OF PROFIT AND LOSS OF STATE BANK OF INDIA
FOR THE YEARS ENDED MARCH 2021 TO MARCH 2025:
Common Size Statement of Profit and Loss of State Bank of India for the years ended March 2021 to March 2025
Particulars Mar-21 Mar-22 Mar-23 Mar-24 Mar-25
I. INCOME
Interest earned 100.00% 100.00% 100.00% 100.00% 100.00%
Other income 16.40% 14.73% 11.03% 12.45% 13.34%
TOTAL 116.40% 114.73% 111.03% 112.45% 113.34%

II. EXPENDITURE
Interest expended 58.25% 56.18% 56.39% 61.49% 63.90%
Operating expenses 31.17% 33.91% 29.43% 30.08% 25.53%
Provisions and contingencies 19.29% 13.14% 10.08% 6.17% 8.58%
TOTAL 108.71% 103.23% 95.90% 97.74% 98.01%

III. PROFIT
Net Profit for the year 7.70% 11.50% 15.13% 14.71% 15.33%
Add: Profit/(Loss) brought forward -3.96% -1.31% 1.77% 5.81% 10.84%
TOTAL 3.74% 10.19% 16.90% 20.52% 26.17%

IV. APPROPRIATIONS
Transfer to Statutory Reserve 2.31% 3.45% 4.54% 4.41% 4.60%
Transfer to Capital Reserve 0.55% 0.20% 0.07% 0.08% 0.47%
Transfer to Investment Fluctuation Reserve 0.73% 1.69% 1.38% -0.18% 0.00%
Transfer to Revenue and other Reserves 0.16% 0.42% 0.62% 1.19% 0.33%
Dividend for the current year 1.35% 2.30% 3.04% 2.95% 3.07%
Balance carried over to Balance Sheet -1.36% 2.14% 7.26% 12.08% 17.70%
TOTAL 3.74% 10.19% 16.90% 20.52% 26.17%

V. EARNINGS PER EQUITY SHARE (Face

value ₹1 per share)
Basic (in ₹) 0.000001% 0.000001% 0.000002% 0.000002% 0.000002%
Diluted (in ₹) 0.000001% 0.000001% 0.000002% 0.000002% 0.000002%

Some Key Observations:

1. Total Income grew substantially from March 2021 to March 2025, as a result of growth in both Interest
Earned and Other Income. This indicates healthy expansion in both lending and non-lending activities by SBI.

2. Provisions and Contingencies for bad loans and risks declined from March 2021 to March 2025. This signals
an improved asset quality.

3. Net Profit (i.e., Balance carried over to Balance Sheet) rose from negative to positive during the five years,
showing SBI’s improved operations and profitability.

4. A rising EPS (both basic and diluted) indicates better net profit available to SBI, indicating that it has become
more profitable for its shareholders.
 CASH FLOW STATEMENT OF STATE BANK OF INDIA FOR THE YEARS ENDED
MARCH 2021 TO MARCH 2025:
Cash Flow Statement of State Bank of India for the years ended March 2021 to March 2025 (000s omitted)
Particulars Mar-21 Mar-22 Mar-23 Mar-24 Mar-25
CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit / (Loss) before Taxes ₹ 27,54,11,161 ₹ 43,42,18,536 ₹ 67,20,56,325 ₹ 81,78,29,636 ₹ 95,27,12,685
Adjustments for:
Depreciation on Fixed Assets ₹ 3,31,75,525 ₹ 3,24,85,858 ₹ 3,29,72,704 ₹ 3,35,19,161 ₹ 3,52,89,073
(Profit)/Loss on sale of Fixed Assets (Net) ₹ 2,85,817 ₹ 1,68,660 ₹ 2,97,885 ₹ 3,32,020 ₹ 2,03,707
(Profit)/Loss on revaluation of Investments (Net) ₹ - ₹ 26,32,788 ₹ 4,64,44,356 ₹ -4,93,91,735 ₹ -5,45,31,566
(Profit) on sale of Investments in Subsidiaries / Joint Ventures / Associates ₹ -1,53,97,330 ₹ 1,29,261 ₹ - ₹ - ₹ -11,18,000
Provision for Non Performing Assets ₹ 27,24,43,502 ₹ 14,08,68,454 ₹ 9,14,39,259 ₹ 9,51,76,267 ₹ 14,41,83,300
Provision on Standard Assets ₹ 3,78,97,838 ₹ 4,67,70,392 ₹ 5,61,85,485 ₹ -1,34,08,663 ₹ 30,27,627
Provision on non-performing Investments ₹ 3,01,44,966 ₹ 3,44,00,987 ₹ 1,51,38,435 ₹ -59,31,823 ₹ 51,42,803
Other provisions including provision for contingencies ₹ 9,96,44,051 ₹ 2,24,81,481 ₹ 23,10,157 ₹ -2,66,93,648 ₹ 7,25,238
Income from investment in Subsidiaries / Joint Ventures / Associates ₹ -64,28,622 ₹ -71,83,749 ₹ -85,51,080 ₹ -1,96,16,163 ₹ -1,93,89,283
Interest charged on Capital Instruments ₹ 5,78,25,198 ₹ 5,45,19,800 ₹ 6,38,71,564 ₹ 9,55,04,611 ₹ 11,67,23,398
₹ 78,50,02,106 ₹ 76,14,92,468 ₹ 97,21,65,090 ₹ 92,73,19,663 ₹ 1,18,29,68,982
Adjustments for:
Increase/(Decrease) in Deposits ₹ 4,39,65,63,453 ₹ 3,70,25,70,431 ₹ 3,72,24,36,537 ₹ 4,92,29,89,929 ₹ 4,66,11,27,590
Increase/ (Decrease) in Borrowings other than Capital Instruments ₹ 92,13,55,347 ₹ 5,06,49,809 ₹ 49,95,87,764 ₹ 99,75,79,517 ₹ -40,02,69,843
(Increase)/ Decrease in Investments other than investments in Subsidiaries /
₹ -3,05,56,44,158 ₹ -1,32,64,61,469 ₹ -94,34,94,125 ₹ -93,93,15,571 ₹ -8,60,92,692
Joint Ventures / Associates
(Increase)/ Decrease in Advances ₹ -1,51,45,25,806 ₹ -2,98,55,56,472 ₹ -4,74,44,66,298 ₹ -5,14,21,91,839 ₹ -4,73,75,95,776
Increase/ (Decrease) in Other Liabilities ₹ 16,51,63,543 ₹ 40,37,52,717 ₹ 31,32,05,551 ₹ 15,97,11,115 ₹ -4,10,58,859
(Increase)/ Decrease in Other Assets ₹ -77,53,13,847 ₹ 5,58,30,680 ₹ -57,94,25,127 ₹ -44,81,12,824 ₹ 18,70,54,158
₹ 92,26,00,638 ₹ 66,22,78,164 ₹ -75,99,90,608 ₹ 47,79,79,990 ₹ 76,61,33,560
Tax refund/ (Taxes paid ) ₹ -2,39,45,246 ₹ -7,81,23,634 ₹ -15,35,27,544 ₹ -28,77,61,067 ₹ -30,75,34,908
NET CASH GENERATED FROM/ (USED IN) OPERATING ACTIVITIES (A) ₹ 89,86,55,392 ₹ 58,41,54,530 ₹ -91,35,18,152 ₹ 19,02,18,923 ₹ 45,85,98,652

CASH FLOW FROM INVESTING ACTIVITIES:

(Purchase)/Sale of Investments in Subsidiaries / Joint Ventures / Associates ₹ -2,20,07,684 ₹ -79,74,953 ₹ -72,96,226 ₹ -1,50,95,175 ₹ 1,01,10,000
Profit on sale of Investments in Subsidiaries / Joint Ventures / Associates ₹ 1,53,97,330 ₹ -1,29,261 ₹ - ₹ - ₹ 11,18,000
Income received on investment in Subsidiaries / Joint Ventures / Associates ₹ 64,28,623 ₹ 71,83,749 ₹ 85,51,080 ₹ 1,96,16,163 ₹ 1,97,72,864
(Increase)/Decrease in Fixed Assets ₹ -3,33,60,865 ₹ -2,52,06,712 ₹ -3,42,25,221 ₹ -3,50,50,166 ₹ -5,11,23,374
NET CASH GENERATED FROM/ (USED IN) INVESTING ACTIVITIES (B) ₹ -3,35,42,596 ₹ -2,61,27,177 ₹ -3,29,70,367 ₹ -3,05,29,178 ₹ -2,01,22,510

CASH FLOW FROM FINANCING ACTIVITIES:

Proceeds from issue of equity shares including share premium ₹ - ₹ - ₹ 64 ₹ - ₹ 1,288
Issue of Capital Instruments ₹ 27,43,10,000 ₹ 13,97,40,000 ₹ 19,13,30,000 ₹ 18,10,10,000 ₹ 20,00,00,000
Redemption of Capital Instruments ₹ -16,84,78,380 ₹ -10,29,33,000 ₹ -2,00,00,000 ₹ -13,43,32,000 ₹ -13,96,14,000
Interest paid on Capital Instruments ₹ -4,95,05,299 ₹ -5,28,83,702 ₹ -5,59,45,273 ₹ -8,43,83,577 ₹ -10,13,86,286
Dividend paid ₹ - ₹ -3,56,98,446 ₹ -6,33,67,216 ₹ -10,08,48,115 ₹ -12,22,67,183
NET CASH GENERATED FROM/ (USED IN) FINANCING ACTIVITIES (C) ₹ 5,63,26,321 ₹ -5,17,75,148 ₹ 5,20,17,575 ₹ -13,85,53,692 ₹ -16,32,66,181
EFFECT OF EXCHANGE FLUCTUATION ON TRANSLATION RESERVE (D) ₹ -20,22,077 ₹ 88,83,912 ₹ 2,79,43,913 ₹ 78,87,647 ₹ 1,90,67,030
NET INCREASE/(DECREASE) IN CASH & CASH EQUIVALENTS (A+B+C+D) ₹ 91,94,17,040 ₹ 51,51,36,117 ₹ -86,65,27,031 ₹ 2,90,23,700 ₹ 29,42,76,991

CASH AND CASH EQUIVALENTS AS AT 1ST APRIL ₹ 2,51,09,70,054 ₹ 3,43,03,87,094 ₹ 3,94,55,23,211 ₹ 3,07,89,96,180 ₹ 3,10,80,19,880
CASH AND CASH EQUIVALENTS AS AT 31ST MARCH ₹ 3,43,03,87,094 ₹ 3,94,55,23,211 ₹ 3,07,89,96,180 ₹ 3,10,80,19,880 ₹ 3,40,22,96,871
 COMPARATIVE CASH FLOW STATEMENT OF STATE BANK OF INDIA FOR THE
YEARS ENDED MARCH 2021 TO MARCH 2025:
Comparative Cash Flow Statement of State Bank of India for the years ended March 2021 to March 2025 (Absolute Changes Only)
Particulars Mar-21 (Base Year) Mar-22 Mar-23 Mar-24 Mar-25
CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit / (Loss) before Taxes ₹ 27,54,11,161 ₹ 15,88,07,375 ₹ 39,66,45,164 ₹ 54,24,18,475 ₹ 67,73,01,524
Adjustments for:
Depreciation on Fixed Assets ₹ 3,31,75,525 ₹ -6,89,667 ₹ -2,02,821 ₹ 3,43,636 ₹ 21,13,548
(Profit)/Loss on sale of Fixed Assets (Net) ₹ 2,85,817 ₹ -1,17,157 ₹ 12,068 ₹ 46,203 ₹ -82,110
(Profit)/Loss on revaluation of Investments (Net) ₹ - ₹ 26,32,788 ₹ 4,64,44,356 ₹ -4,93,91,735 ₹ -5,45,31,566
(Profit) on sale of Investments in Subsidiaries / Joint Ventures / Associates ₹ -1,53,97,330 ₹ 1,55,26,591 ₹ 1,53,97,330 ₹ 1,53,97,330 ₹ 1,42,79,330
Provision for Non Performing Assets ₹ 27,24,43,502 ₹ -13,15,75,048 ₹ -18,10,04,243 ₹ -17,72,67,235 ₹ -12,82,60,202
Provision on Standard Assets ₹ 3,78,97,838 ₹ 88,72,554 ₹ 1,82,87,647 ₹ -5,13,06,501 ₹ -3,48,70,211
Provision on non-performing Investments ₹ 3,01,44,966 ₹ 42,56,021 ₹ -1,50,06,531 ₹ -3,60,76,789 ₹ -2,50,02,163
Other provisions including provision for contingencies ₹ 9,96,44,051 ₹ -7,71,62,570 ₹ -9,73,33,894 ₹ -12,63,37,699 ₹ -9,89,18,813
Income from investment in Subsidiaries / Joint Ventures / Associates ₹ -64,28,622 ₹ -7,55,127 ₹ -21,22,458 ₹ -1,31,87,541 ₹ -1,29,60,661
Interest charged on Capital Instruments ₹ 5,78,25,198 ₹ -33,05,398 ₹ 60,46,366 ₹ 3,76,79,413 ₹ 5,88,98,200
₹ 78,50,02,106 ₹ -2,35,09,638 ₹ 18,71,62,984 ₹ 14,23,17,557 ₹ 39,79,66,876
Adjustments for:
Increase/(Decrease) in Deposits ₹ 4,39,65,63,453 ₹ -69,39,93,022 ₹ -67,41,26,916 ₹ 52,64,26,476 ₹ 26,45,64,137
Increase/ (Decrease) in Borrowings other than Capital Instruments ₹ 92,13,55,347 ₹ -87,07,05,538 ₹ -42,17,67,583 ₹ 7,62,24,170 ₹ -1,32,16,25,190
(Increase)/ Decrease in Investments other than investments in Subsidiaries /
Joint Ventures / Associates ₹ -3,05,56,44,158 ₹ 1,72,91,82,689 ₹ 2,11,21,50,033 ₹ 2,11,63,28,587 ₹ 2,96,95,51,466
(Increase)/ Decrease in Advances ₹ -1,51,45,25,806 ₹ -1,47,10,30,666 ₹ -3,22,99,40,492 ₹ -3,62,76,66,033 ₹ -3,22,30,69,970
Increase/ (Decrease) in Other Liabilities ₹ 16,51,63,543 ₹ 23,85,89,174 ₹ 14,80,42,008 ₹ -54,52,428 ₹ -20,62,22,402
(Increase)/ Decrease in Other Assets ₹ -77,53,13,847 ₹ 83,11,44,527 ₹ 19,58,88,720 ₹ 32,72,01,023 ₹ 96,23,68,005
₹ 92,26,00,638 ₹ -26,03,22,474 ₹ -1,68,25,91,246 ₹ -44,46,20,648 ₹ -15,64,67,078
Tax refund/ (Taxes paid ) ₹ -2,39,45,246 ₹ -5,41,78,388 ₹ -12,95,82,298 ₹ -26,38,15,821 ₹ -28,35,89,662
NET CASH GENERATED FROM/ (USED IN) OPERATING ACTIVITIES (A) ₹ 89,86,55,392 ₹ -31,45,00,862 ₹ -1,81,21,73,544 ₹ -70,84,36,469 ₹ -44,00,56,740

CASH FLOW FROM INVESTING ACTIVITIES:

(Purchase)/Sale of Investments in Subsidiaries / Joint Ventures / Associates ₹ -2,20,07,684 ₹ 1,40,32,731 ₹ 1,47,11,458 ₹ 69,12,509 ₹ 3,21,17,684
Profit on sale of Investments in Subsidiaries / Joint Ventures / Associates ₹ 1,53,97,330 ₹ -1,55,26,591 ₹ -1,53,97,330 ₹ -1,53,97,330 ₹ -1,42,79,330
Income received on investment in Subsidiaries / Joint Ventures / Associates ₹ 64,28,623 ₹ 7,55,126 ₹ 21,22,457 ₹ 1,31,87,540 ₹ 1,33,44,241
(Increase)/Decrease in Fixed Assets ₹ -3,33,60,865 ₹ 81,54,153 ₹ -8,64,356 ₹ -16,89,301 ₹ -1,77,62,509
NET CASH GENERATED FROM/ (USED IN) INVESTING ACTIVITIES (B) ₹ -3,35,42,596 ₹ 74,15,419 ₹ 5,72,229 ₹ 30,13,418 ₹ 1,34,20,086

CASH FLOW FROM FINANCING ACTIVITIES:

Proceeds from issue of equity shares including share premium ₹ - ₹ - ₹ 64 ₹ - ₹ 1,288
Issue of Capital Instruments ₹ 27,43,10,000 ₹ -13,45,70,000 ₹ -8,29,80,000 ₹ -9,33,00,000 ₹ -7,43,10,000
Redemption of Capital Instruments ₹ -16,84,78,380 ₹ 6,55,45,380 ₹ 14,84,78,380 ₹ 3,41,46,380 ₹ 2,88,64,380
Interest paid on Capital Instruments ₹ -4,95,05,299 ₹ -33,78,403 ₹ -64,39,974 ₹ -3,48,78,278 ₹ -5,18,80,987
Dividend paid ₹ - ₹ -3,56,98,446 ₹ -6,33,67,216 ₹ -10,08,48,115 ₹ -12,22,67,183
NET CASH GENERATED FROM/ (USED IN) FINANCING ACTIVITIES (C) ₹ 5,63,26,321 ₹ -10,81,01,469 ₹ -43,08,746 ₹ -19,48,80,013 ₹ -21,95,92,502
EFFECT OF EXCHANGE FLUCTUATION ON TRANSLATION RESERVE (D) ₹ -20,22,077 ₹ 1,09,05,989 ₹ 2,99,65,990 ₹ 99,09,724 ₹ 2,10,89,107
NET INCREASE/(DECREASE) IN CASH & CASH EQUIVALENTS (A+B+C+D) ₹ 91,94,17,040 ₹ -40,42,80,923 ₹ -1,78,59,44,071 ₹ -89,03,93,340 ₹ -62,51,40,049

CASH AND CASH EQUIVALENTS AS AT 1ST APRIL ₹ 2,51,09,70,054 ₹ 91,94,17,040 ₹ 1,43,45,53,157 ₹ 56,80,26,126 ₹ 59,70,49,826
CASH AND CASH EQUIVALENTS AS AT 31ST MARCH ₹ 3,43,03,87,094 ₹ 51,51,36,117 ₹ -35,13,90,914 ₹ -32,23,67,214 ₹ -2,80,90,223
 Comparative Cash Flow Statement of State Bank of India for the years ended March 2021 to March 2025 (Percentage Changes Only)
Particulars Mar-21 (Base Year) Mar-22 Mar-23 Mar-24 Mar-25
CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit / (Loss) before Taxes ₹ 27,54,11,161 57.66% 144.02% 196.95% 245.92%
Adjustments for:
Depreciation on Fixed Assets ₹ 3,31,75,525 -2.08% -0.61% 1.04% 6.37%
(Profit)/Loss on sale of Fixed Assets (Net) ₹ 2,85,817 -40.99% 4.22% 16.17% -28.73%
(Profit)/Loss on revaluation of Investments (Net) ₹ - - - - -
(Profit) on sale of Investments in Subsidiaries / Joint Ventures / Associates ₹ -1,53,97,330 -100.84% -100.00% -100.00% -92.74%
Provision for Non Performing Assets ₹ 27,24,43,502 -48.29% -66.44% -65.07% -47.08%
Provision on Standard Assets ₹ 3,78,97,838 23.41% 48.26% -135.38% -92.01%
Provision on non-performing Investments ₹ 3,01,44,966 14.12% -49.78% -119.68% -82.94%
Other provisions including provision for contingencies ₹ 9,96,44,051 -77.44% -97.68% -126.79% -99.27%
Income from investment in Subsidiaries / Joint Ventures / Associates ₹ -64,28,622 11.75% 33.02% 205.14% 201.61%
Interest charged on Capital Instruments ₹ 5,78,25,198 -5.72% 10.46% 65.16% 101.86%
₹ 78,50,02,106 -2.99% 23.84% 18.13% 50.70%
Adjustments for:
Increase/(Decrease) in Deposits ₹ 4,39,65,63,453 -15.78% -15.33% 11.97% 6.02%
Increase/ (Decrease) in Borrowings other than Capital Instruments ₹ 92,13,55,347 -94.50% -45.78% 8.27% -143.44%
(Increase)/ Decrease in Investments other than investments in Subsidiaries /
Joint Ventures / Associates ₹ -3,05,56,44,158 -56.59% -69.12% -69.26% -97.18%
(Increase)/ Decrease in Advances ₹ -1,51,45,25,806 97.13% 213.26% 239.52% 212.81%
Increase/ (Decrease) in Other Liabilities ₹ 16,51,63,543 144.46% 89.63% -3.30% -124.86%
(Increase)/ Decrease in Other Assets ₹ -77,53,13,847 -107.20% -25.27% -42.20% -124.13%
₹ 92,26,00,638 -28.22% -182.37% -48.19% -16.96%
Tax refund/ (Taxes paid ) ₹ -2,39,45,246 226.26% 541.16% 1101.75% 1184.33%
NET CASH GENERATED FROM/ (USED IN) OPERATING ACTIVITIES (A) ₹ 89,86,55,392 -35.00% -201.65% -78.83% -48.97%

CASH FLOW FROM INVESTING ACTIVITIES:

(Purchase)/Sale of Investments in Subsidiaries / Joint Ventures / Associates ₹ -2,20,07,684 -63.76% -66.85% -31.41% -145.94%
Profit on sale of Investments in Subsidiaries / Joint Ventures / Associates ₹ 1,53,97,330 -100.84% -100.00% -100.00% -92.74%
Income received on investment in Subsidiaries / Joint Ventures / Associates ₹ 64,28,623 11.75% 33.02% 205.14% 207.58%
(Increase)/Decrease in Fixed Assets ₹ -3,33,60,865 -24.44% 2.59% 5.06% 53.24%
NET CASH GENERATED FROM/ (USED IN) INVESTING ACTIVITIES (B) ₹ -3,35,42,596 -22.11% -1.71% -8.98% -40.01%

CASH FLOW FROM FINANCING ACTIVITIES:

Proceeds from issue of equity shares including share premium ₹ - - - - -
Issue of Capital Instruments ₹ 27,43,10,000 -49.06% -30.25% -34.01% -27.09%
Redemption of Capital Instruments ₹ -16,84,78,380 -38.90% -88.13% -20.27% -17.13%
Interest paid on Capital Instruments ₹ -4,95,05,299 6.82% 13.01% 70.45% 104.80%
Dividend paid ₹ - - - - -
NET CASH GENERATED FROM/ (USED IN) FINANCING ACTIVITIES (C) ₹ 5,63,26,321 -191.92% -7.65% -345.98% -389.86%
EFFECT OF EXCHANGE FLUCTUATION ON TRANSLATION RESERVE (D) ₹ -20,22,077 -539.35% -1481.94% -490.08% -1042.94%
NET INCREASE/(DECREASE) IN CASH & CASH EQUIVALENTS (A+B+C+D) ₹ 91,94,17,040 -43.97% -194.25% -96.84% -67.99%

CASH AND CASH EQUIVALENTS AS AT 1ST APRIL ₹ 2,51,09,70,054 36.62% 57.13% 22.62% 23.78%
CASH AND CASH EQUIVALENTS AS AT 31ST MARCH ₹ 3,43,03,87,094 15.02% -10.24% -9.40% -0.82%
COMMON SIZE CASH FLOW STATEMENT OF STATE BANK OF INDIA FOR THE
YEARS ENDED MARCH 2021 TO MARCH 2025:
Common Size Cash Flow Statement of State Bank of India for the years ended March 2021 to March 2025
Particulars Mar-21 Mar-22 Mar-23 Mar-24 Mar-25
CASH FLOW FROM OPERATING ACTIVITIES:
Net Profit / (Loss) before Taxes 30.65% 74.33% -73.57% 429.94% 207.74%
Adjustments for:
Depreciation on Fixed Assets 3.69% 5.56% -3.61% 17.62% 7.69%
(Profit)/Loss on sale of Fixed Assets (Net) 0.03% 0.03% -0.03% 0.17% 0.04%
(Profit)/Loss on revaluation of Investments (Net) 0.00% 0.45% -5.08% -25.97% -11.89%
(Profit) on sale of Investments in Subsidiaries / Joint Ventures / Associates -1.71% 0.02% 0.00% 0.00% -0.24%
Provision for Non Performing Assets 30.32% 24.11% -10.01% 50.04% 31.44%
Provision on Standard Assets 4.22% 8.01% -6.15% -7.05% 0.66%
Provision on non-performing Investments 3.35% 5.89% -1.66% -3.12% 1.12%
Other provisions including provision for contingencies 11.09% 3.85% -0.25% -14.03% 0.16%
Income from investment in Subsidiaries / Joint Ventures / Associates -0.72% -1.23% 0.94% -10.31% -4.23%
Interest charged on Capital Instruments 6.43% 9.33% -6.99% 50.21% 25.45%
87.35% 130.36% -106.42% 487.50% 257.95%
Adjustments for:
Increase/(Decrease) in Deposits 489.24% 633.83% -407.48% 2588.07% 1016.38%
Increase/ (Decrease) in Borrowings other than Capital Instruments 102.53% 8.67% -54.69% 524.44% -87.28%
(Increase)/ Decrease in Investments other than investments in Subsidiaries /
-340.02% -227.07% 103.28% -493.81% -18.77%
Joint Ventures / Associates
(Increase)/ Decrease in Advances -168.53% -511.09% 519.36% -2703.30% -1033.06%
Increase/ (Decrease) in Other Liabilities 18.38% 69.12% -34.29% 83.96% -8.95%
(Increase)/ Decrease in Other Assets -86.27% 9.56% 63.43% -235.58% 40.79%
102.66% 113.37% 83.19% 251.28% 167.06%
Tax refund/ (Taxes paid ) -2.66% -13.37% 16.81% -151.28% -67.06%
NET CASH GENERATED FROM/ (USED IN) OPERATING ACTIVITIES (A) 100.00% 100.00% 100.00% 100.00% 100.00%

CASH FLOW FROM INVESTING ACTIVITIES:

(Purchase)/Sale of Investments in Subsidiaries / Joint Ventures / Associates -2.45% -1.37% 0.80% -7.94% 2.20%
Profit on sale of Investments in Subsidiaries / Joint Ventures / Associates 1.71% -0.02% 0.00% 0.00% 0.24%
Income received on investment in Subsidiaries / Joint Ventures / Associates 0.72% 1.23% -0.94% 10.31% 4.31%
(Increase)/Decrease in Fixed Assets -3.71% -4.32% 3.75% -18.43% -11.15%
NET CASH GENERATED FROM/ (USED IN) INVESTING ACTIVITIES (B) -3.73% -4.47% 3.61% -16.05% -4.39%

CASH FLOW FROM FINANCING ACTIVITIES:

Proceeds from issue of equity shares including share premium 0.00% 0.00% -0.00001% 0.00% 0.00028%
Issue of Capital Instruments 30.52% 23.92% -20.94% 95.16% 43.61%
Redemption of Capital Instruments -18.75% -17.62% 2.19% -70.62% -30.44%
Interest paid on Capital Instruments -5.51% -9.05% 6.12% -44.36% -22.11%
Dividend paid 0.00% -6.11% 6.94% -53.02% -26.66%
NET CASH GENERATED FROM/ (USED IN) FINANCING ACTIVITIES (C) 6.27% -8.86% -5.69% -72.84% -35.60%
EFFECT OF EXCHANGE FLUCTUATION ON TRANSLATION RESERVE (D) -0.23% 1.52% -3.06% 4.15% 4.16%
NET INCREASE/(DECREASE) IN CASH & CASH EQUIVALENTS (A+B+C+D) 102.31% 88.18% 94.86% 15.26% 64.17%

CASH AND CASH EQUIVALENTS AS AT 1ST APRIL 279.41% 587.24% -431.90% 1618.66% 677.72%
CASH AND CASH EQUIVALENTS AS AT 31ST MARCH 381.72% 675.42% -337.05% 1633.92% 741.89%

Some Key Observations:

1. SBI generated positive operating cash flows in most years, except for the year ended March 2023, where it
went largely negative. This was primarily due to robust investment and asset expansion, as well as increased
lending activity.

2. Net cash from investing activities is negative each year, as SBI regularly invests in its subsidiaries, purchases
fixed assets and occasionally sells investments. But a negative net cash from investing activities is generally
expected from any growing firm.

3. Net cash from financing activities has been fluctuating over the years due to regular dividend payments and
repayments of capital instruments, as well as raising new capital occasionally.
KEY FINANCIAL RATIOS OF SBI:

Key Financial Ratios of SBI Mar-25 Mar-24 Mar-23 Mar-22 Mar-21

Management Efficiency Ratios
Interest Income / Total Funds 7.23 7.13 6.35 5.81 6.28
Non Interest Income / Total Funds 2.61 2.75 2.77 2.55 2.62
Interest Expended / Total Funds 4.62 4.39 3.58 3.27 3.66
Operating Expense / Total Funds 2.03 2.17 2.12 2.42 2.92
Profit Before Provisions / Total Funds 1.49 1.41 1.29 0.92 0.65
Net Profit / Total Funds 0.87 0.96 0.65 0.15 -0.56
Loans Turnover 0.12 0.12 0.11 0.11 0.11
Total Income / Capital Employed (%) 8.19 8.02 7.05 6.67 7.32
Interest Expended / Capital Employed (%) 4.62 4.39 3.58 3.27 3.66
Total Assets Turnover Ratios 0.07 0.07 0.06 0.06 0.06
Profit and Loss Account Ratios
Interest Expended / Interest Earned 63.9 61.49 56.39 56.18 58.25
Other Income / Total Income 11.77 11.07 9.93 12.84 14.09
Operating Expense / Total Income 24.77 27.08 30.09 36.26 39.96
Balance Sheet Ratios
Capital Adequacy Ratio 14.25 14.28 14.68 13.85 13.74
Advances / Loans Funds (%) 72.66 71.02 68.11 63.76 64
Debt Coverage Ratios
Cash Deposit Ratio 4.39 5.06 5.96 6.09 5.49
Credit Deposit Ratio 76.39 73.91 70.01 67.03 68.97
Total Debt to Owners Fund 14.37 15.77 16.4 17.44 17.8
Leverage Ratios
Current Ratio 0.08 0.09 0.08 0.08 0.09
Quick Ratio 16.7 15.17 14.11 14.49 16.56

Some calculations:

1. Profit before provisions = Total Income – Interest Expended – Operating Expenses

2. Loans Turnover = Loans Disbursed / Average Loans Outstanding
3. Capital Employed = Total Assets – Current Liabilities
4. Total Assets Turnover Ratio = Total Income / Total Assets
5. Capital Adequacy Ratio = (Total Capital / Risk Weighted Assets) * 100
(Risk Weighted Assets are contingent assets of SBI, like those Advances, which may default.)
6. Current Ratio = Current Assets / Current Liabilities
7. Quick Ratio = (Current Assets – Inventories) / Liabilities
Key Observations:

1. Profitability:

Profitability Chart
2
1.5
1
0.5
0
-0.5
-1
Mar-21 Mar-22 Mar-23 Mar-24 Mar-25

Net Profit / Total Funds

Profit Before Provisions / Total Funds
Total Income / Capital Employed (Scaled down by 100 times)

SBI has become substantially more profitable over the years, with both gross (profit before provisions) and
net profit metrics showing upward trends. This suggests improvement in efficiency, better asset allocation,
and strengthening income generation capability.

2. Income and Expense:

Income and Expense Chart

8
7
6
5
4
3
2
1
0
Mar-21 Mar-22 Mar-23 Mar-24 Mar-25

Interest Income / Total Funds Non Interest Income / Total Funds

Interest Expended / Total Funds Operating Expense / Total Funds

SBI’s income sources are steady and diversifying, even as funding costs have risen since March 2021, as
evident by the blue and yellow lines. Despite these costs, income is rising faster, thus protecting margins.
3. Efficiency and Leverage:

Efficiency and Leverage Chart

100

80

60

40

20

0
Mar-21 Mar-22 Mar-23 Mar-24 Mar-25

Credit Deposit Ratio

Advances / Loans Funds (Scaled up by 100 times)
Total Debt to Owners Fund

SBI is becoming more efficient in deploying funds as a greater share of its deposits is being lent out (as
evident by the red and blue lines), with fewer idle resources and better leverage management. Moreover, the
constant decline in the total debt to owners' fund metric shows that SBI is deleveraging and relying more on
internal funds.

4. Liquidity Graph:

Liquidity Chart
18
16
14
12
10
8
6
4
2
0
Mar-21 Mar-22 Mar-23 Mar-24 Mar-25

Current Ratio (Scaled up by 100 times) Quick Ratio Cash Deposit Ratio

SBI’s liquidity position remains stable and strong, without excessive idle cash (as evident from a declining
cash deposit ratio), thereby supporting its day-to-day needs while maximising earning potential.
TREND ANALYSIS OF TOTAL REVENUE, NET PROFIT, EXPENDITURE AND
COST OF GOODS SOLD:

Trend Analysis of various KPIs of SBI

₹ 5,58,00,00,000

₹ 5,08,00,00,000

₹ 4,58,00,00,000

₹ 4,08,00,00,000

₹ 3,58,00,00,000

₹ 3,08,00,00,000

₹ 2,58,00,00,000

₹ 2,08,00,00,000

₹ 1,58,00,00,000

₹ 1,08,00,00,000

₹ 58,00,00,000

₹ 8,00,00,000
Mar-21 Mar-22 Mar-23 Mar-24 Mar-25

Total Revenue Net Profit Expenditure COGS

1. Total Revenue- Sum of interest income and other incomes. A rising total revenue shows that the bank is
growing its business, attracting more lending and fee-generating activities from the market.

2. Net Profit- Profit remaining after all expenses, provisions, and taxes. An increasing trend in net profit
over the years reflects fundamental improvements in SBI’s operational efficiency, cost management, and
risk handling.

3. Expenditure- All costs incurred in running the bank. A comparative analysis of expenditure with
revenue indicates that a moderate and steady growth in expenditure means SBI is managing its scale-up
well without letting costs overshadow margins.

4. Cost of Goods Sold- Sum of interest expended and operating expenses. It should ideally be lower than
revenue growth; otherwise, it can reduce profits. A steady increase in COGS was seen over the years,
along with a steady increase in revenue. This is indicative of nothing but sustained growth over these
years.
SUGGESTIONS TO THE COMPANY:

1. SBI can diversify its funding sources to avoid over-reliance on expensive bulk deposits. It can leverage
digital channels and partnerships to attract stable, low-cost deposits.

2. It can boost its non-interest income by investing in insurance, mutual funds, etc. It can also do so by
increasing fee-based transaction banking, though it might not appeal to its customers.

3. It can monitor its operating cash flow discipline by tightening loan disbursement. It should also monitor
its post-disbursement cash flow to minimise mishaps. Loan recovery is something that should also be
focused on.

4. It can maintain a minimum cash-to-deposit or liquidity ratio to ensure resilience in volatile markets. It
should continue to manage its excessive funds through greater lending and investments.

5. It can set benchmark operating expense ratios against other banks in the industry and also set short-term
targets for greater operational efficiency. This will ensure perpetual growth with maximum cost
efficiency.