Largest bank in India, with good diversity across the country. Above-average funding and liquidity. Stressed asset quality. Modest capitalization and earnings. The stable outlook over the next 12-24 months reflects our expectation that State Bank of India (SBI) will remain the undisputed market leader in India's banking sector and will receive capital from the government, if needed. High customer confidence is likely to keep the bank's funding and liquidity strong. We expect SBI's asset quality to improve gradually over the period, with gains hinging on successful resolution of weak assets. We are unlikely to raise the rating on SBI over the next 12-24 months because we do not rate Indian banks above the sovereign credit rating on India. That's because
