State Bank Of India (SBI) SWOT Analysis, Competitors & USP

Posted in Banking & Financial Services, Total Reads: 29086

SWOT analysis of State Bank Of India (SBI) analyses the brand/company with its strengths, weaknesses, opportunities & threats. State Bank Of India (SBI) is one of the leading brands in the banking & financial services sector. The table below also lists the top State Bank Of India (SBI) competitors and elaborates State Bank Of India (SBI) segmentation, targeting, positioning & USP.

State Bank Of India (SBI) SWOT, Competitors, Marketing STP & Brand analysis Table
State Bank Of India (SBI) Brand Analysis
Parent Company

Public Sector

CategoryBanking Services/Loans
Sector

Banking & Financial Services

Tagline/ Slogan

Banker to Every Indian

USP

State Bank Of India (SBI) is bank which every India can trust

State Bank Of India (SBI) STP
Segment

People who want to use their money for banking

Target Group

People in India from both urban and rural areas

Positioning

State Bank Of India (SBI) bank for every Indian

State Bank Of India (SBI) SWOT Analysis
Strengths

Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of State Bank Of India (SBI). Strengths are:

1.  SBI is the biggest bank in India with more than 14000 branches

2.  State Bank Of India (SBI) has a separate act for itself. Thus, a special privilege for the bank

3.  Biggest branch network in the country means good reach

4.  First public sector to move to CBS

5. SBI has close to 300,000 people employed with it

6. Backing of the Govt of India gives a huge boost to the bank

7. State Bank Of India offers services like consumer banking, enterprise banking, insurance etc

8. It has a good brand visibility and awareness due to extensive marketing

9. SBI has its presence in more than 35 countries with close to 200 offices

Weaknesses

Here are the weaknesses in the State Bank Of India (SBI) SWOT Analysis:

1. Immense competition means limited market share growth for SBI

2. International presence is less as compared to global banks

Opportunities

Following are the Opportunities in State Bank Of India (SBI) SWOT Analysis:

1.  Pool in talent to replace the going top management to serve the next generation

2.  State Bank Of India (SBI) can make better use of CRM, technology and online space

3.  Expansion into rural areas too boost its business

4. With focus on India going cashless, the bank can dominate the market with its extensive reach

Threats

The threats in the SWOT Analysis of State Bank Of India (SBI) are as mentioned:

1. Consolidation among private banks can reduce market share for SBI

2. New bank licenses by RBI can affect operations

3. Foreign banks that have sophisticated products

4. SBI operations are often disrupted by slow government decisions and red tapism

State Bank Of India (SBI) Competition
Competitors

Below are the top 6 State Bank Of India (SBI) competitors:

1. ICICI Bank

2. Andhra Bank

3. Allahabad bank

4. HDFC

5. Axis Bank

6. Bank of Baroda

The brandguide table above concludes the State Bank Of India (SBI) SWOT analysis along with its marketing and brand parameters.

Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to State Bank Of India (SBI). The BrandGuide section covers SWOT Analysis, USP, STP & Competition of more than 6000 brands from over 20 categories.

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