The ratings on State Bank of India (SBI) takes into consideration the bank's improved financial profile, in particular its loan quality, satisfactory profitability, and capitalization. It is the largest bank in India in terms of assets, loans, and deposits. SBI continues to have a close link with the sovereign, given that its operations are predominantly domiciled in India, it accounts for 20% of the banking sector's assets and is 59.7%-owned by the Reserve Bank of India (RBI), the country's central bank. In addition, 37% of its balance sheet is invested in government securities. SBI has demonstrated consistent improvement in its loan quality over the past five years. Gross nonperforming assets (NPAs, including nonperforming loans, or NPLs, restructured loans, and foreclosed
