1. What is SBI? How Big Is It?
State Bank of India (SBI) is India’s largest and one of the world’s biggest banks.
Heritage: Founded in 1806 (as Bank of Calcutta), became SBI in 1955.
Scale:
Over 480 million customers
22,000+ branches
60,000+ ATMs
Largest by assets, deposits, branches, and customers in India
Impact: Powers banking for nearly 1 in 2 Indians.
Metaphor: If SBI was a country, it’d be bigger (by customers) than the entire population of the USA!
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State Bank of India, commonly known as SBI, is India's largest bank and one of the world's biggest financial institutions. As the nation's premier bank, SBI plays a crucial role in India's banking sector and serves as the backbone of the country's financial system.
SBI has a remarkable heritage spanning over two centuries. It began as the Bank of Calcutta in 1806, making it one of the oldest banks in India. Through various mergers and transformations over 149 years, it evolved into the State Bank of India in 1955. This long journey represents more than 200 years of banking excellence and continuous service to the nation.
SBI operates on a truly massive scale. The bank serves over 480 million customers, making it one of the largest customer bases in the world. Its infrastructure includes more than 22,000 branches spread across India and over 60,000 ATMs, providing extensive accessibility to banking services nationwide.
SBI holds the number one position across all major banking metrics in India. It leads in total assets, customer deposits, branch network, and customer base. This comprehensive market leadership across every key parameter demonstrates SBI's dominant position in India's banking sector and establishes it as the undisputed leader in the industry.
SBI's impact on India is truly remarkable - it serves nearly 1 in every 2 Indians, making it an integral part of the nation's financial ecosystem. To put this in global perspective, if SBI were a country, its customer base of over 480 million would be larger than the entire population of the United States, which stands at approximately 330 million people. This comparison highlights the truly massive scale of SBI's operations.