How the journey of SBI in the last 70 years has epitomized the very idea of a country rapidly transcending myriad boundaries.....
FinTech BizNews Service
Mumbai, July 1, 2025: The State Bank of India’s Economic Research Department has come out with a special Research Report, which has been authored by Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India.
Tracing Its Legacy To The Tumultuous Days Of The Raj In Early 1800s
How the Banking behemoth, with a glorious history brought in an economic renaissance, proliferating trade & commerce across the latitude through the annals of Pre-independent India which reverberates today across myriad products and services strengthening the socio-economic-cultural fabric of the great nation of ours with a Digital First Mentality under a Viksit Bharat Roadmap...
Few institutions, in the annals of corporate history, would embody the very idea of the nation, and her people, becoming a kaleidoscopic mirror of her long journey as that of the State Bank of India, an institution unlike any other, tracing its legacy to the tumultuous days of the Raj in early 1800s, where the three Presidency Banks seeded the roots of formal banking throughout the latitude in an undivided India, from Dhaka to Delhi to Rangoon to Madras to Kolkata to Lahore to Varanasi, while the post-merger entity Imperial Bank of India (1921) guaranteed rapid transmission of India centric trade and commerce, eventually standing out as the force du jour of an economic renaissance sweeping across the nation... even as Domestic banking came full circle, becoming mainstream...the formation of SBI in 1955, on the solid foundations, high edifices and prudent practices became the center of gravity of rapid economic turnaround for a nuvo independent nation, proliferating highest form/class of banking to unbanked areas and people... as a vector of sustainable and equitable economic resurgence that keeps on strengthening the socio-economic-cultural fabric of the nation 24*7
Harbinger of an Economic Renaissance
How the journey of SBI in the last 70 years has epitomized the very idea of a country rapidly transcending myriad boundaries.....
SBI Marching Ahead in Social Security Schemes
❑ In all the Government sponsored social security schemes implementation, SBI holds more than 25% share. In
PMJDY, SBI has opened 15 crore accounts, enrolled 14.6 crore people under PMSBY, 6.7 crore under PMJJBY and 1.73 crore in APY
Numbers that foretell the narrative...
The Bank has steadfastly been contributing to myriad tenets of nation building, financing massive infra building to prudently meeting credit needs of MSMEs/agripreneurs to shouldering colossal social security enablers for the value addition aimed at the bottom of the pyramid.....
SBI has been a leading contributor to the growth of all vital sectors....
At a global level, India contributed 6.7% to incremental global GDP in FY25.......SBI is adding 1.1% / $44 billion to incremental global GDP.
SBI contributed 8.7% to Gross Value Added (GVA) of Financial Services in FY25
SBI is Ranked at 44 in Top 1000 Global Banks as per The Banker.....Largest International presence across
all time zones in 29 countries!
The numbers speak...but for SBI, they are just another milestone!
Highest placed Indian Bank in Global 500 list- 2024.
52 Crore-Plus Customers...That Makes SBI Larger than the population of the United States of America & THIRD most populous country on Planet Earth!
STATE BANK OF INDIA....THE BANKER TO EACH & EVERY INDIAN!
SBI has a well laid out policy to achieve net zero and sustainability goals.
