India is a country defined by soaring aspirations, especially of the post-Independence generation. These aspirations are propelling India forward. We are already the world's 3rd largest economy in purchasing power parity (PPP) terms. India's unparalleled demographic dividend augurs well for the future too, with growth and a better life being at the heart of all we do as a nation.
The sheer size of India – 1.25 billion people, with half of
them below 25 years of age – coupled with the diversity
of its populace and plurality of cultural moorings, makes
realising these aspirations a daunting task.
State Bank of India (SBI)'s relationship with India and its
growth is umbilical. Which is why, as a new, aspirational
India emerges, backed by a strengthening economy, more
opportunities and increasing penetration of financial
services, SBI is at the forefront of this transformation.
SBI makes a profound contribution in driving all sectors of
the Indian economy – primary, secondary and tertiary, in
equal measure. It is one of India's most familiar institutions
of trust stretching from the remotest villages to the global
financial hubs.
And we are constantly re-engineering ourselves and our
role to keep step with the changing dynamics of the needs
of our customers and our operating environment. We
have recognised technology-driven, on-the-go banking
as the new normal. We are leveraging customer-connect
platforms on social media to further our reach. We are
expanding our physical branch and network presence, and
constantly evolving our products and services portfolio to
remain a preferred contemporary choice in banking.
At the same time, our commitment to financial inclusion
continues unabated, in line with the national agenda of
inclusive growth. We focus on helping translate national
aspirations into on-ground realities, and ensuring value
creation for all and ensuring a better quality of life for large
parts of our yet unbanked population.
What started off with a few hundred branches and a few
hundred crores of business, is today a Bank that has
surpassed ` 26 trillion in business size. SBI has over
100,000 touch points (branches, ATMs, CSPs) that directly
serve our customers everywhere. But this is not just
the story of a commercial Bank. It is the story of how an
aspirational India has embraced growth over the years,
and how it continues to look ahead with confidence. SBI
is a proxy for the aspirational nation of India. And we are
proud of our ability to give wings to those aspirations.
As on 01.07.1955 (Formation of SBI)
As on 31.03.2014