State Bank of India, Bangladesh Operations

SBI Bangladesh continues to focus on trade finance, corporate banking, and managing Indian Visa Application Centres while navigating sector-wide challenges regarding non-performing loans.

All financial data sourced from the FY2024 audited financial statements of State Bank of India, Bangladesh Operations (year ended 31 December 2024), audited by Anil Salam Idris & Co., Chartered Accountants, Dhaka, signed 26 February 2025. Document URL: https://bd.statebank/documents/796677/797150/Audited+Financial+as+on+31.12.2024+%28Updated+and+Final%29.pdf. All figures are Bangladesh-branch-only (solo entity, combined DBU + OBU per BRPD Circular No. 02), not consolidated global SBI Group. Balance Sheet (31 December 2024): - total_assets_bdt: 42,505,568,762 (total of all balance sheet items, from the audited balance sheet) - total_deposits_bdt: 19,068,379,479 (line 'Deposit and other accounts' from balance sheet liabilities) - total_loans_bdt: 12,532,440,848 (line 'Loans, advances and leases' from balance sheet assets; includes both DBU and OBU portfolios) - paid_up_capital_bdt: 6,314,419,178 — 'Fund deposited with Bangladesh Bank', the statutory capital equivalent for FCB branches under Section 13(3) of the Bank Companies Act 1991 Profit and Loss (year ended 31 December 2024): - net_profit_bdt: 2,308,472,989 (profit after taxation = profit before tax BDT 3,817,454,391 minus current tax BDT 1,493,909,322 minus deferred tax BDT 15,072,080) - Total operating income: BDT 4,452,141,559 - Total provision: negative BDT 3,404,726 (net release of provisions — asset quality improved) NPL Classification (Note 8.8): - Sub-standard: BDT 55,578 - Doubtful: BDT 23,526,978 - Bad/Loss: BDT 4,739,330 - Total classified (npl_bdt): BDT 28,321,886 - npl_pct: 28,321,886 / 12,532,440,848 × 100 = 0.226%, rounded to 0.23%; extremely low NPL ratio consistent with SBI Bangladesh's conservative credit book dominated by investment-grade corporates and trade finance Capital Adequacy (Note 15.1, Basel III): - Tier 1 (Core Capital): BDT 20,340,399,075 - Tier 2 (Supplementary Capital): BDT 647,465,693 - Total Regulatory Capital: BDT 20,987,864,768 - Total RWA: BDT 30,357,851,076 - CRAR: 20,987,864,768 / 30,357,851,076 = 69.13% (confirmed by note) - cet1_ratio_pct: null — CET1 specifically is not separately disclosed in the note; the Tier 1 ratio is 20,340,399,075 / 30,357,851,076 = 67.00%, but the audited statements do not separately label a CET1 sub-component, so null is used per integrity rules - The 69.13% CRAR appears extraordinarily high because SBI Bangladesh's equity base (accumulated retained earnings BDT 14.03 billion + deposited fund BDT 6.31 billion = BDT 20.34 billion Tier 1) is large relative to its on-balance-sheet loan book (BDT 12.53 billion); RWA is dominated by off-balance-sheet credit risk (trade guarantees, letters of credit) Computed ratios: - return_on_assets_pct: 2,308,472,989 / 42,505,568,762 = 5.43% (computed, not from financial highlights row) - return_on_equity_pct: 2,308,472,989 / 20,427,815,383 = 11.30% (computed using year-end equity; average equity would give a slightly different figure but average equity is not separately stated) Branch network (Note 1.2): - Dhaka Branch (Motijheel, main): commenced 5 May 1975 - Gulshan Branch, Dhaka: additional branch - Chittagong Branch: confirmed - Sub-branch: 1 (per website network page) - Khulna Branch: referenced in some sources but not confirmed in audited financials as of FY2024; branch_count=3 per most recent confirmed sources - OBU: 2 Offshore Banking Units (Dhaka, Chittagong) - atm_count: 2 per Note 3.22.6 in the audited financial statements md_ceo: Amit Kumar — listed as Country Head of SBI Bangladesh on the SBI Bangladesh website 'About Us' page (https://bd.statebank/web/guest/about-us). md_ceo_since: null — appointment date not found in public sources as of 2026-05-20. Note: SBI Bangladesh's senior leadership role is 'Country Head', not 'MD & CEO'; this is standard for FCB branches which are not separately incorporated entities. rating_long_term: AAA — ALPHA Credit Rating Ltd. (one of Bangladesh's domestic ECAIs). Per Note 3.22.12 of the FY2024 audited statements, the most recent rating row available is Jan–Dec 2023 (AAA / ST-1). The FY2024 rating renewal (validity Jan–Dec 2024 or 2024–2025) is not confirmed in the published audited statements or in web sources retrieved as of 2026-05-20. rating_as_of set to 2023-12-31 (end of last confirmed rating period). Rating is consistent across 2021–2023 (AAA in all years). employee_count: null — not disclosed in the FY2024 audited financial statements or in web sources retrieved. authorized_capital_bdt: null — not applicable for FCB branch structure. agent_banking_outlets: null — SBI Bangladesh does not operate agent banking per its network page. verification_status: 'verified' — Primary audited financial statements (FY2024, signed 2025-02-26, Anil Salam Idris & Co.) provide all key financial metrics directly. Two independent primary sources cross-checked (audited PDF + SBI Bangladesh website for network/leadership).