State Bank of India (SBI) has achieved a significant milestone by securing the 98th position on Bloomberg’s global list of the top 100 companies by net profit for the fiscal year 2024-25 (FY25). The bank reported a record net profit of $9.2 billion (₹77,561 crore), marking a substantial growth and placing it among the world’s most profitable corporations.
SBI’s Remarkable Financial Performance in FY25
SBI’s impressive net profit of $9.2 billion in FY25 reflects a robust financial performance, driven by consistent growth and strategic initiatives. The bank’s strong earnings have propelled it into the elite group of global companies with the highest net profits.
Global Standing: Joining the Ranks of Corporate Giants
By ranking 98th on Bloomberg’s list, SBI stands alongside renowned global corporations such as Apple, Alphabet, Microsoft, NVIDIA, and JPMorgan Chase. This achievement highlights SBI’s significant presence in the global financial landscape.
SBI’s Growth Trajectory Over the Past Five Years
Over the last five years, SBI has demonstrated a remarkable 31% compound annual growth in net profit. This consistent upward trajectory underscores the bank’s effective strategies and resilience in a dynamic economic environment. NewsBytes
SBI’s Legacy and Historical Context
Established in 1955, SBI has evolved into India’s largest public sector bank, with a vast network of branches and a significant customer base. Its inclusion in the global top 100 most profitable companies marks a historic moment, reflecting decades of growth and service to the nation.
Conclusion
SBI’s entry into Bloomberg’s global list of top 100 companies by net profit is a testament to its robust financial health and strategic acumen. This accomplishment not only elevates SBI’s stature on the world stage but also signifies the growing influence of Indian financial institutions in the global economy.
