The State Bank of India (SBI), India’s largest public sector lender, has entered the prestigious USD 100 billion market-cap club after a strong surge in its share price. With this milestone, SBI has become the sixth Indian company to reach the mark, reaffirming its dominant role in the country’s financial sector.
SBI Joins USD 100 Billion Market-Cap Club: India’s Sixth Company to Reach the Milestone
Record Market Performance
SBI’s stock rose over 1%, closing at ₹959.85 per share on the National Stock Exchange (NSE). This pushed its total market capitalisation to ₹8.87 lakh crore (approximately USD 100 billion).
The bank now ranks behind Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), and ICICI Bank in terms of valuation.
Over the last six months, SBI’s shares jumped by 23%, showing strong investor confidence and continued growth in the banking sector.
Strong Q2FY26 Results Boost Confidence
SBI’s Q2FY26 results played a key role in its market rally.
- Net profit increased by 10% year-on-year to ₹20,159.67 crore.
- The growth was supported by a one-time gain of ₹4,593 crore from the sale of a 13.18% stake in Yes Bank.
- The bank’s total business crossed ₹100 lakh crore, marking another historic achievement.
These results showcase SBI’s financial strength, efficient management, and strategic decision-making in a competitive market.
Key Financial Indicators
- Net Interest Income (NII): ₹42,985 crore (up 3.28%)
- Pre-Provision Operating Profit (PPOP): ₹27,310.92 crore (down 6.8% YoY)
- Net Interest Margin (NIM): 2.97% overall; 3.09% domestic
Despite slight pressure on profits, SBI’s steady margins and strong business growth demonstrate its ability to perform well even in a challenging economic environment.
Market Significance and Future Outlook
Experts see SBI’s milestone as proof of the Indian banking sector’s resilience and growing global recognition. The achievement also reflects the increasing investor trust in public sector enterprises and India’s expanding financial ecosystem.
With stable asset quality, consistent earnings, and strong retail growth, SBI continues to play a crucial role in India’s economic development.
Exam-Oriented Notes
- State Bank of India (SBI) crossed the USD 100 billion market cap in November 2025.
- It became the sixth Indian company to reach this level.
- Q2FY26 net profit: ₹20,159.67 crore (up 10% YoY).
- One-time gain: ₹4,593 crore from Yes Bank stake sale.
- Total business: Crossed ₹100 lakh crore.
- Other $100B companies: Reliance, HDFC Bank, Airtel, TCS, ICICI Bank.
Question & Answer
Q1. Which Indian bank recently joined the USD 100 billion market-cap club?
(a) Axis Bank
(b) HDFC Bank
(c) State Bank of India
(d) ICICI Bank
Answer: State Bank of India
Q2. SBI became the ____ Indian company to cross the USD 100 billion market cap mark.
(a) Fifth
(b) Sixth
(c) Fourth
(d) Seventh
Answer: Sixth
Q3. SBI’s total business crossed which milestone for the first time?
(a) ₹75 lakh crore
(b) ₹80 lakh crore
(c) ₹90 lakh crore
(d) ₹100 lakh crore
Answer: ₹100 lakh crore
Q4. How much stake did SBI sell in Yes Bank to earn ₹4,593 crore?
(a) 5.5%
(b) 10%
(c) 13.18%
(d) 15%
Answer: 13.18%
Q5. Which of the following companies is not part of India’s USD 100 billion market-cap club?
(a) Reliance Industries
(b) Bharti Airtel
(c) Infosys
(d) HDFC Bank
Answer: Infosys
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