SBI’s remarkable ascent: MOFSL analysts foresee continued growth; tops global banks with Best-in-Class RoE
K Ram Kumar | June 11, 2024 2:18 PM CST
The bank’s balance sheet has soared to ₹62 lakh crore in FY24, showcasing consistent growth and profitability, outshining its global peers. SBI topped the charts among the top 14 global banks with a remarkable Return on Equity (RoE) of 18.8% in FY24, and delivered the fastest loan growth among these banks at about 16% CAGR in the last two years. With 44% returns over the past year, SBI remains a strong contender in the global banking sector.
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