The counterparty credit ratings on State Bank of India (SBI) reflects its strong business franchise, which is underpinned by its dominant market position and importance in all segments of India's banking system. Additionally, the bank benefits from its majority ownership by the Reserve Bank of India (RBI), although no direct rating benefit has been assigned purely because of this. The bank's financial profile is moderated by weak asset quality and profitability pressures. SBI's strategy and corporate vision to be the leading financial services group in India is soundly based. The bank aims to leverage off its position as India's largest commercial bank, with assets totaling Indian rupee (InR) 3,156.4 billion (about US$68 billion) at March 31, 2001, and a market
