The ratings on State Bank of India (SBI) reflect the bank's satisfactory financial profile, in particular its loan quality, profitability, and capitalization. It is the largest bank in India in terms of assets, loans, and deposits. The bank's wide product suite, large client base, and extensive branch network are expected to help maintain its leadership position despite the growing competition. SBI continues to have a close link with the sovereign and is systemically important, as it is the largest bank, accounting for 24% of the banking sector's deposits. It plays a key role in tax collection and payment systems, and is 59.7%-owned by government of India. In addition, 26% of its balance sheet is invested in government securities. Although Standard
