SBI Share Price Target Tomorrow 2024 To 2030- Marker Overview, Income Statement

State Bank of India (SBI) is the largest bank in India, established in 1955. It provides a wide range of banking and financial services to individuals, businesses, and government entities. SBI offers services such as savings and current accounts, loans, credit cards, insurance, and investment products.

With thousands of branches and ATMs across the country and a growing presence in international markets, SBI aims to make banking accessible to everyone. SBI Share Price on NSE as of 10 October 2024 is 797.00 INR. Here will provide you more details on SBI Share Price Target 2024, 2025, 2026 to 2030.

State Bank of India: Market Overview

• Open Price: ₹799.00
• High Price: ₹804.45
• Low Price: ₹795.00
• Previous Close: ₹797.40
• Volume: 10,241,015
• Value (Lacs): ₹81,631.13
• VWAP: 799.18
• UC Limit: ₹877.10
• LC Limit: ₹717.70
• P/E ratio: 10.48
• Div yield: 1.72%
• 52-wk high: ₹912.00
• 52-wk low: ₹543.20
• Mkt cap: ₹7.10LCr
• Face Value: ₹1

State Bank of India Competitors

Here are five competitors of State Bank of India along with their approximate market capitalizations:

1. HDFC Bank Ltd
   Market Capital: ₹12,00,000 Crores
2. ICICI Bank Ltd
   Market Capital: ₹7,00,000 Crores
3. Kotak Mahindra Bank Ltd
   Market Capital: ₹3,50,000 Crores
4. Axis Bank Ltd
   Market Capital: ₹3,10,000 Crores

5. Bank of Baroda
   Market Capital: ₹1,00,000 Crores

SBI Share Price Chart

SBI Share Price Target Tomorrow 2024 To 2030

SBI Share Price Target 2024

SBI share price target 2024 Expected target could be ₹915. Here are three key factors that could affect State Bank of India’s (SBI) share price target in 2024:

1. Economic Recovery and Growth:
   • The overall health of the Indian economy, particularly post-pandemic recovery, will significantly influence SBI’s growth. Increased economic activity can lead to higher demand for loans and financial services, boosting the bank’s revenues and, consequently, its share price.
2. Asset Quality and Non-Performing Assets (NPAs):
   • SBI’s ability to manage its asset quality is crucial. A reduction in non-performing assets (NPAs) through effective recovery processes and improved lending practices can enhance profitability. A decline in NPAs is generally viewed positively by investors, potentially driving the share price higher.

3. Digital Banking Initiatives:

   • SBI’s continued investment in digital banking and technology can significantly impact its growth. Enhanced digital services can attract more customers, improve efficiency, and reduce operational costs. Successful implementation of digital initiatives can boost customer satisfaction and expand the bank’s market share, positively affecting the share price in 2024.

SBI Share Price Target 2025

SBI share price target 2025 Expected target could be ₹1570. Here are three risks and challenges that could affect State Bank of India’s (SBI) share price target in 2025:

1. Economic Slowdown:
   • Any slowdown in the Indian economy could adversely affect SBI’s financial performance. Reduced economic activity can lead to lower demand for loans and financial services, impacting the bank’s profitability and ultimately its share price.
2. Regulatory Changes:
   • Changes in banking regulations or government policies can pose risks for SBI. New rules regarding capital requirements, lending practices, or interest rates could affect the bank’s operations and profitability. Unfavorable regulatory changes may lead to increased compliance costs or limit growth opportunities.

3. Competition and Market Dynamics:

   • The banking sector is highly competitive, with both traditional banks and fintech companies vying for market share. Increased competition can lead to pressure on interest margins and pricing strategies. If SBI fails to adapt to changing market dynamics or enhance its offerings, it could lose customers, negatively impacting its share price.

SBI Share Price Target 2030

SBI share price target 2030 Expected target could be ₹5760. Here are three risks and challenges that could affect State Bank of India’s (SBI) share price target in 2030:

1. Technological Disruption:
   • Rapid advancements in financial technology (fintech) could disrupt traditional banking services. If SBI fails to keep pace with innovations such as digital payment systems, blockchain, or AI-driven financial services, it may lose market share to more tech-savvy competitors, impacting its long-term growth and share price.
2. Global Economic Volatility:
   • Global economic challenges, such as recessionary trends, trade tensions, or geopolitical risks, could affect India’s economy and banking sector. As a large, globally connected bank, SBI may face difficulties in navigating these uncertainties, which could lead to decreased investor confidence and lower share prices.

3. Rising Non-Performing Assets (NPAs):

   • If economic growth slows or sectors like real estate and infrastructure face downturns, SBI may experience a rise in non-performing assets (NPAs). High NPAs can reduce profitability and increase provisioning requirements, posing a significant risk to its financial health and share price in the long term.

State Bank of India Shareholding Pattern

• Promoters: 57.54%
• Domestic Institutions: 23.61%
• Foreign Institutions: 11.16%
• Retail And Others: 7.70%

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State Bank of India Financials

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