State Bank of India (SBI), the country’s largest lender, has set its sights on its next big landmark — building a ₹200 lakh crore business franchise. Having already crossed the ₹100 lakh crore in combined deposits and advances in the second quarter of FY26 and expanded its business size beyond ₹110 lakh crore currently, the bank believes the next milestone is within the next 3-4 years.But for Chairman CS Setty, it’s not merely about scale. “The scale is available to us. Our focus is to ensure that this scale is profitable, meaningful and qualitative. We do not want to compromise on any of these,” he said in an interaction with businessline.Growth trajectorySetty’s confidence stems from SBI’s growth trajectory. The bank has delivered a deposit CAGR of around 10 per cent and loan growth of 14-15 per cent over the last five years. With guidance remaining in the same range, the management sees a clear pathway towards the ₹ 200 lakh crore target.The growth outlook is also being supported by SBI’s FCNR(B) mobilisation drive. Despite the RBI advancing the deadline to August 31, Setty said the bank remains confident of mobilising around $10 billion in FCNR(B) deposits, largely from Asian markets. “We have a strong retail franchise and limited dependence on bulk deposits. These inflows will further reduce that dependence while providing sustainable long-term liquidity,” Setty said who has already mobilised $1.5 billion through FCNR (B) deposits.Meanwhile, a critical part of this strategy is SBI’s relentless pursuit of market share, despite already occupying the top position in Indian banking. For Setty, market share is less about dominance and more about staying relevant in a rapidly evolving financial landscape.“Market share is not merely a number. It demonstrates whether you are remaining relevant as times change. New depositors are entering the system and younger people are joining the community of earners. If we are not acquiring these customers, we are effectively losing a part of growing market share,” the SBI chief said.Next-gen customersSBI’s strategy is rooted in capturing the next generation of customers entering the financial system. The bank gained market share in more than 400 districts last year and commands market shares exceeding 60 per cent in certain regions of the country. For SBI, therefore, growth is as much about acquiring first-time earners and digitally connected customers as it is about expanding balances.Driving much of the bank’s loan growth is the RAM segment (retail, agriculture and MSME), which has become one of SBI’s fastest-growing businesses.Focus on MSMEsThe bank is currently growing its MSME portfolio at 19-20 per cent, significantly ahead of overall industry growth. According to Setty, this momentum has been driven by a comprehensive digitisation of credit delivery, ranging from automated underwriting and business-rule engines to faster approvals and simplified customer journeys.“Today our MSME delivery process has improved so much that we are now the most preferred bank for MSMEs to come and bank with us,” Setty said. The importance of MSMEs extends beyond growth numbers. As India’s manufacturing, services and entrepreneurship ecosystems expand, the segment offers SBI an opportunity to deepen relationships, improve cross-selling and strengthen its position in local economies.Meanwhile the bank’s domestic loan portfolio is currently split roughly 67 per cent RAM and 33 per cent corporate, a mix that Setty believes is broadly sustainable. Around one-third of SBI’s loan book continues to be corporate lending, reflecting its position as India’s largest corporate financier. The bank remains active in infrastructure financing while pursuing opportunities in emerging sectors such as data centres and semiconductors.Setty expects the current portfolio mix to remain largely unchanged, with only marginal fluctuations. Corporate lending, he believes, is unlikely to fall below 30 per cent of the overall loan book, as SBI continues to build deep ecosystem relationships encompassing corporates, their employees, suppliers and customers.The journey is not about size alone, but about profitable growth, market relevance and making SBI India’s preferred bank for MSMECS SettyChairman, SBIPublished on August 23, 2026