Largest bank in India that is well diversified across India Above-average funding and liquidity metrics Stressed asset quality Below industry average capitalization and earnings The stable outlook reflects our expectation that State Bank of India (SBI) will maintain its creditworthiness over the next 12-18 months. We expect the bank to remain the undisputed market leader, and it is likely to receive growth capital from the government's proposed recapitalization of public sector banks. High customer confidence is likely to keep SBI's funding and liquidity strong. Under our current assessment of the bank's risk profile, SBI could absorb an incremental deterioration in asset quality stemming from ongoing stress in corporate sector lending, given its asset quality is currently better than public sector
