SBI targets balance sheet equal to 25% of GDP by 2030
Why in the news
State Bank of India set a long-range goal: to make its balance sheet as large as one quarter of the country’s GDP by the year 2030.
Key facts
- Target: balance sheet equal to 25% of GDP by 2030.
- Present size: Rs 71.62 lakh crore.
- Approach: customised, district-level growth strategies.
- Position: strong market share in deposits and advances.
Exam angle
- Bank in the news: State Bank of India.
- Target year: 2030; share of GDP: 25%.
- Balance sheet size figure: Rs 71.62 lakh crore.