State Bank is changing its business model, quietly

Going beyond corporate loans, SBI is getting into vendor financing as well as supply chain and cluster financing, the buzzwords of banking these days

India’s banking sector outperformed the broader market by a wide margin last year. While Sensex and Nifty rose by 4.44 per cent and 4.33 per cent, respectively, the rise of BSE Bankex and Nifty Bank in 2022 was at least 21 per cent each. And, hold your breath, the Nifty PSU Bank index rose 70.67 per cent.

Stocks of four public sector banks (PSBs) have risen at least 100 per cent. Where does the State Bank of India (SBI) stand in the pack of PSB stocks? At the bottom – rising “just” 33.17 per cent!

Is something wrong with the