State Bank of India (SBI) is aiming to be the first Indian company to achieve a net profit of Rs 1 trillion in the medium term, according to Chairman CS Setty.
Setty highlighted SBI’s optimistic outlook, with plans to reach Rs 1 trillion in operating profit this year, supported by a 15% growth target for its domestic loan book, now valued at Rs 39 lakh crore. Credit demand has surged across sectors like petrochemicals, roads, and renewable energy, helping the bank mobilize deposits while keeping deposit costs manageable.