How India's Oldest Commercial Banking Institution Is Turning AI Into a Rs22,000 Cr Business Engine
India, Aug. 15 -- Indian banks are positioning artificial intelligence not only as a back-office efficiency tool but also as a revenue lever. Instead of just growing branch networks, lenders are turning to analytics to increase business from current clientele as credit growth slows to nominal GDP-linked levels.
SBI's market capitalisation stands at approximately Rs.9,85,829.96 crore, with the stock trading around Rs.1,068, down roughly 1.04% from its previous close of Rs.1,079.20. At this price, the stock trades at a trailing P/E of approximately 12.02 times.
Record Profit, Steady Margins
SBI's consolidated net profit increased significantly from Rs.19,643 crore in the March quarter, a 22.8% sequential increase, to Rs.24,113 crore in th...
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