File photo: State Bank of India Chairman CS Setty (Picture credit: ANI)

State Bank of India (SBI) is targeting a place among the world’s top 10 most valued banks by 2030, a day after crossing the Rs 100 lakh crore business mark. Chairman CS Setty said the country’s largest lender by market capitalisation now aims to enhance its overall valuation further.While HDFC Bank has previously entered the global top 10 ranking, Setty noted that SBI and ICICI Bank could soon join that list. Speaking to reporters after the 12th Banking and Economic Conclave organised by SBI, he said the bank’s focus is on strengthening capital buffers to support future growth.“Our internal target is to have a capital adequacy ratio (CAR) of 15% and a core equity tier (CET-1) ratio of 12%,” Setty said. At the end of September 2025, the bank’s CAR stood at 14.62% and CET-1 at 11.47%, placing it close to these goals. “While we have ploughed back a lot of profit in the last few years, our capital ratios were still lower than many banks. Capital has never been a constraint for growth,” he added.According to ET, the chairman explained that SBI has maintained growth-supporting capital of Rs 6–7 trillion through profit augmentation over the past four to five years. Strengthening capital ratios, he said, will ensure the bank retains a strong buffer against potential challenges.The Rs 100-lakh-crore milestone includes both advances and deposit liabilities, reflecting SBI’s scale as India’s largest bank by branch network and lending share. The lender also crossed $100 billion in market capitalisation on Thursday, joining major firms like HDFC Bank, TCS, Reliance Industries, Bharti Airtel and ICICI Bank.In its latest quarterly results, SBI reported a 10% year-on-year rise in net profit to Rs 20,160 crore for the September 2025 quarter, supported by growth in retail, agriculture, and MSME (RAM) segments, and gains from its partial stake sale in Yes Bank.