Finance Minister Nirmala Sitharaman congratulated the State Bank of India (SBI) on completing 70 years of service, highlighting its digital transformation and nation-building contributions.
“SBI’s digital transformation over the past decade has immensely benefited its customers. It is truly the banker to every Indian,” she posted on X (formerly Twitter).
Massive Reach:
23,000+ branches
78,000 Customer Service Points (CSPs)
64,000 ATMs
Social Empowerment:
1.5 crore farmers supported
1.3 crore women-led SHGs
32 lakh street vendors under PM SVANidhi
23 lakh MSMEs, plus lakhs of artisans aided
Flagship Scheme Participation:
15 crore Jan Dhan accounts
14.65 crore PM Suraksha Bima Yojana beneficiaries
1.73 crore Atal Pension Yojana subscribers
7 crore under PM Jeevan Jyoti Bima Yojana
To mark its 70th anniversary, SBI announced its plan to solarise 4 million homes by FY27, contributing to India’s clean energy goals.
Chairman C. S. Setty stated:
“We are investing in our people, tech, and infrastructure to serve a billion aspirations. We aim to lead with purpose, not just scale.”
SBI is also:
Modernising Trade Finance through digitalisation, centralisation, and standardisation
Launching a dedicated centre in Kolkata to streamline operations for faster service nationwide
Balance Sheet: ₹66 lakh crore
Customers: Over 52 crore
Legacy: Founded on July 1, 1955, now entering its 8th decade
Focused on digital innovation, sustainability, and inclusive growth
