SBI’s senior unsecured debt and deposit ratings could be upgraded, if the India sovereign rating (Baa3, positive) is upgraded.
The bank’s final Baa3 rating incorporates a one-notch uplift due to Moody’s assumption of the bank’s very high level of support from the Indian government in a stressed situation.
SBI is headquartered in Mumbai. As of September 30, 2016, SBI reported standalone assets of Rs. 23,855 bn (approximately USD357.4 billion).