State Bank of India's (SBI) rating reflects its dominant market position and importance in all segments of India's banking system. While SBI's business profile benefits from majority ownership by the Reserve Bank of India (RBI), no direct rating benefit has been assigned purely on ownership. The bank's financial profile continues to be moderated by growing nonperforming loans and diminishing capital. With assets totaling Indian rupee (InR) 2.6 trillion (about US$58 billion) at March 31, 2000, SBI is India's largest commercial bank, with a market share near 21% of both domestic deposits and advances. The government of India, through the RBI, with a holding of 59.7% of issued capital, is the principal shareholder. Given SBI's size and dominant position in the
