SBI plans to offer innovative deposit products combining fixed, recurring deposits & SIPs for Gen Z, with a target net profit of ₹1 lakh cr in 3-5 years.

State Bank of India (SBI) plans to attract customers by introducing innovative deposit products that combine fixed and recurring deposits with Systematic Investment Plans (SIPs). Chairman C.S. Setty emphasized the bank's focus on meeting the evolving financial needs of a more financially aware public, especially Gen Z. SBI aims to achieve a net profit of ₹1 lakh crore in the next 3-5 years, building on a recent profit of ₹61,077 crore.

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