SBI Launches Its Coffee Table Book – The Banker To Every Indian

Mumbai: The State Bank of India (SBI), the country’s largest financial institution, is thrilled to announce the launch of its coffee table book ‘ The Banker to Every Indian’ which celebrates 75 years of Indian independence and SBI’s glorious 200-year history.

Speaking on the occasion, Dinesh Khara, Chairman, SBI, said, “It gives me immense pleasure to launch the coffee table book, which chronicles the Bank’s journey since independence. The book is a tribute to the spirit of India’s independence and the Bank’s contribution to nation-building. It showcases our ethics, technological advancements, and transformation with the important initiatives undertaken by the Bank. The book is not just a celebration of our past but a testament to our commitment to the future. I hope this book will inspire the future generation to strive for excellence and contribute to the growth of our great nation.”

State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country which has so far fulfilled the home buying dreams of over 30 lakh Indian families. The home loan portfolio of the bank has crossed Rs. 6.00 lakh crore. As on December 31, 2022, the bank has a deposit base of over Rs. 42.13 lakh crore with CASA ratio of 44.48% and advances of more than Rs. 31 lakh crore.

SBI commands a market share of 33.3% and 19.4% in home loans and auto loans respectively. SBI has the largest network of 22,381 branches and 65,650 ATMs / ADWMs in India with 70,258 BC outlets. The number of customers using internet banking and mobile banking stand at 111 million and 58 million respectively. With SBI’s digital strategy right on track – the bank witnessed 64% of new savings accounts opened through the integrated digital and lifestyle platform YONO in FY22.

SBI observed 22,120 new digital savings bank accounts being opened per day via YONO in the quarter ended December 2022. YONO, which has more than 5.75 crore registered users, witnessed more than 1 crore average daily logins in Q3 FY23. In terms of digital lending, the bank disbursed pre-approved personal loans worth Rs. 5,050 crore through YONO in the same period. SBI also has the highest number of followers on Facebook and Twitter amongst all banks worldwide.