State Bank Of India

State Bank of India (SBI) is planning to open 400 branches across the country in FY25. The Bank has opened 137 branches last fiscal. Of the total, 59 new rural branches were launched.  SBI has a network of 22,542 branches across the country as of March 2024.

During the year ended March 2024, the bank infused additional capital of Rs 489.67 crore in SBI General Insurance Company. The company has also allotted ESOP to employees. Consequently, the bank's stake has decreased from 69.95 per cent to 69.11 per cent.

State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.