About State Bank of India (SBI)

State Bank of India (SBI) is a diversified banking group offering retail, corporate/wholesale, treasury and international banking services, with “Digital Banking” identified as a sub‑segment under Retail Banking for statutory disclosure purposes. The Bank operates across India and overseas, supported by 22,937 domestic branches, 63,791 ATMs (including ADWMs) and 244 overseas offices, illustrating a broad physical footprint alongside its digital channels. SBI functions under the governance architecture provided by the State Bank of India Act, 1955, with Board committees constituted as per the Act and regulatory guidelines. The consolidated group includes 27 subsidiaries, 8 joint ventures and 18 associates (including 14 Regional Rural Banks) considered for consolidation as of March 31, 2025. Internationally, the Bank augments its presence through overseas banking subsidiaries in the UK, Canada, California (USA), Mauritius, Indonesia, Russia, Nepal and Brazil, among others, and non‑banking subsidiaries supporting asset management and services.

State Bank of India (SBI) business Segments:

• Corporate Banking: Portfolio of Rs 12.41 lakh crore, operating through 56 branches of the Corporate Accounts Group and Commercial Clients Group.

• SME Banking: Portfolio of Rs 5.06 lakh crore, with 16.86% year‑on‑year growth; 2,155 Relationship Managers and 868 SME‑Intensive Branches.

• Rural Banking: Lending in agriculture and allied activities surpassed Rs 3.48 lakh crore as of March 2025; market leadership in Self‑Help Group loans.

• Government Business: Accredited banker for 26 major Central Government ministries and departments; ~62% market share of turnover in the Central Government sector.

• International Banking Group: Five central treasuries for ALM and fund management; YONO digital banking rolled out in all 14 retail hubs; 223 correspondent banks across 55 countries plus fintech partnerships.

State Bank of India (SBI) Key Management

• Shri Challa Sreenivasulu Setty – Chairman

• Shri Ashwini Kumar Tewari – Managing Director (Corporate Banking & Subsidiaries)

• Shri Vinay M. Tonse – Managing Director (Retail Business & Operations)

• Shri Rana Ashutosh Kumar Singh – Managing Director (Risk, Compliance & SARG)

• Shri Rama Mohan Rao Amara – Managing Director (International Banking, Global Markets & Technology)

Latest Updates on State Bank of India (SBI)

• Treasury and markets: SBI became the first Indian bank to sell credit default swaps under revised norms, executed the first term repo deal on India’s tri‑party bond repo platform, and enabled a UPI P2M transaction in the QAR‑INR pair for NPCI; it also began offering Non‑Deliverable Options to eligible corporates from November 2024.

• Awards and recognition: Ranked Best Bank in India 2024 by Global Finance Magazine; recognised among the World’s Best Trade Finance Providers 2025 by Global Finance; awarded Best Bank in Retail Finance by FADA; multiple marketing honours at FINIXX 2024.

• Payments acquiring: SBI Payments launched the unified merchant device “SBI Payments‑Saathi”, expanded transit and government partnerships, and reached 37.12 lakh merchant acceptance points (including 16.06 lakh PoS) as on March 31, 2025.

• International network: YONO made available in all 14 retail hubs overseas; correspondent bank network at 223 across 55 countries, supporting trade and cross‑border business.