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News Destination For The Global Indian Community

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SBI at 70: Driving India’s Digital and Inclusive Growth Journey

SBI at 70: Driving India’s Digital and Inclusive Growth Journey

 
As the State Bank of India (SBI) marks 70 years of dedicated service, it stands tall as a cornerstone of India’s financial system, touching the lives of over 52 crore people. With the largest banking network in the country—over 23,000 branches, 64,000 ATMs, and 78,000 Customer Service Points—SBI has cemented its role as the “Banker to every Indian.”

Finance Minister Nirmala Sitharaman lauded SBI’s remarkable digital transformation over the last decade, calling it “immensely beneficial” to customers across the country. From household savings to strategic infrastructure and startup ecosystems, the Bank continues to power every aspect of India’s growth story.

SBI’s social impact is equally impressive. It supports over 1.5 crore farmers, 1.3 crore women-led Self-Help Groups, 32 lakh street vendors through PM SVANidhi, and 23 lakh MSMEs. Additionally, its outreach through government schemes includes 15 crore Jan Dhan Accounts, 14.65 crore PM Suraksha Bima Yojana, and 7 crore PM Jeevan Jyoti Bima Yojana beneficiaries.

Looking ahead, SBI has pledged to “solarise” 4 million homes by FY27, reinforcing its commitment to India’s renewable energy transition. With a balance sheet of ?66 lakh crore, SBI enters its eighth decade focusing on sustainability, digital innovation, and inclusive growth.

Chairman C.S. Setty emphasized the Bank’s renewed mission: “Our vision is not just to lead in scale, but to lead with purpose—powering India’s journey toward a more equitable and resilient future.”

As part of its customer-first approach, SBI is also modernising its Trade Finance operations via a new digitalised centre in Kolkata, streamlining services across the country. As India marches toward a 'Viksit Bharat' by 2047, SBI continues to evolve—empowering, enabling, and innovating for a billion aspirations.

SBI at 70: Driving India’s Digital and Inclusive Growth Journey

SBI at 70: Driving India’s Digital and Inclusive Growth Journey
 
As the State Bank of India (SBI) marks 70 years of dedicated service, it stands tall as a cornerstone of India’s financial system, touching the lives of over 52 crore people. With the largest banking network in the country—over 23,000 branches, 64,000 ATMs, and 78,000 Customer Service Points—SBI has cemented its role as the “Banker to every Indian.”

Finance Minister Nirmala Sitharaman lauded SBI’s remarkable digital transformation over the last decade, calling it “immensely beneficial” to customers across the country. From household savings to strategic infrastructure and startup ecosystems, the Bank continues to power every aspect of India’s growth story.

SBI’s social impact is equally impressive. It supports over 1.5 crore farmers, 1.3 crore women-led Self-Help Groups, 32 lakh street vendors through PM SVANidhi, and 23 lakh MSMEs. Additionally, its outreach through government schemes includes 15 crore Jan Dhan Accounts, 14.65 crore PM Suraksha Bima Yojana, and 7 crore PM Jeevan Jyoti Bima Yojana beneficiaries.

Looking ahead, SBI has pledged to “solarise” 4 million homes by FY27, reinforcing its commitment to India’s renewable energy transition. With a balance sheet of ?66 lakh crore, SBI enters its eighth decade focusing on sustainability, digital innovation, and inclusive growth.

Chairman C.S. Setty emphasized the Bank’s renewed mission: “Our vision is not just to lead in scale, but to lead with purpose—powering India’s journey toward a more equitable and resilient future.”

As part of its customer-first approach, SBI is also modernising its Trade Finance operations via a new digitalised centre in Kolkata, streamlining services across the country. As India marches toward a 'Viksit Bharat' by 2047, SBI continues to evolve—empowering, enabling, and innovating for a billion aspirations.

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