State Bank of India

What State Bank of India does

State Bank of India (SBI) is India's largest public sector commercial bank, majority-owned by the Government of India and headquartered at State Bank Bhavan, Mumbai. The bank traces its origin to the Bank of Calcutta (1806), evolving through the Presidency Banks system and Imperial Bank of India before being nationalized as SBI in 1955. SBI serves more than 520 million customers across five core segments — Retail, Corporate, MSME/SME, Agriculture/Rural, and NRI Banking — through a hybrid distribution model combining 22,500+ branches and 63,580 ATMs with the YONO digital banking platform (100+ million registered users, 27 million daily logins). The bank also operates specialized units including SBI Chakra (Centre of Excellence for renewables, green hydrogen, semiconductors, e-mobility, and data centers), SBI InCube (startup banking), and SBI Wealth for high-net-worth customers.

SBI's product platform is anchored on YONO, a cloud-native microservices-based super-app built after a three-year digital transformation completed in late 2025, supporting loans, deposits, payments (UPI/YONO Pay), investments, insurance, and lifestyle services across 12 languages. Underlying technology includes AI-powered personalization, an NLP-driven chatbot (SIA), recommendation engines for cross-selling, anomaly detection for fraud and cybersecurity (SBI leads an industry working group on AI cybersecurity frameworks), and process automation including video KYC and digital lending. The broader ecosystem encompasses subsidiaries SBI Funds Management (Rs 12.5 lakh crore AUM, 15.3% mutual fund market share, IPO'd July 2026), SBI Life Insurance, SBI General Insurance, SBI Cards, and SBI Securities.

SBI's revenue model is anchored in interest income from a diversified loan book (home, personal, auto, education, gold, agriculture, MSME, corporate), supplemented by fee and commission income (insurance and mutual fund distribution, forex, transaction banking), treasury operations (government securities and FX trading, including a $750M GIFT City term loan and ~$3B FCNR mobilization), and asset management fees from SBI Funds Management. The bank's pricing is segment-specific — e.g., home loans from 7.25% p.a., personal loans from 10.00%, gold loans from 9.15%, education loans from 6.90%, fixed deposits up to 7.05% for senior citizens — distributed primarily through the branch network and YONO self-serve channels.

Name

State Bank of India

Legal name

State Bank of India

Website

https://sbi.bank.in

Company type

Public

Founded year

1806

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

State Bank of India is India's largest government-owned public sector bank, serving 520+ million customers across retail, corporate, MSME, agriculture, and NRI segments through 22,500+ branches, 63,580 ATMs, and the YONO digital platform with 100+ million users.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

Public Sector Retail Banks (State-Owned Commercial Banks) (FSABAKAL)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), General SME & Middle-Market Commercial Banking (FSABABAA), Policy Banks (Government-Directed Lending Banks) (FSABAKAM)

Keywords

• Retail banking services
• Corporate banking
• Agricultural lending
• Digital banking platform
• Wealth management

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Core banking revenue from interest earned on loans including home loans, personal loans, auto loans, education loans, gold loans, and agricultural loans. The bank also earns interest on investments in government securities and corporate bonds.
2. Fee and Commission Income: Income from insurance distribution, mutual fund distribution, foreign exchange services, and other banking services. Banks collectively earned over Rs 20,000 crore from insurance sales in FY26.
3. Treasury Operations: Revenue from trading in foreign exchange, government securities, and other financial instruments. SBI raised USD 750 million through a term loan from its GIFT City branch.
4. Asset Management Fees: SBI Funds Management generates management fees from managing mutual fund assets under management of Rs 12.5 lakh crore. Post-IPO, SBI retains 55.46% stake in the listed entity.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

State Bank of India is India's largest public sector bank delivering universal banking and financial services across retail, corporate, agricultural, MSME, and NRI segments. The bank offers deposit products, home/personal/auto/education/gold/agriculture loans, credit and debit cards, insurance, mutual funds, trade finance, treasury services, and cash management through 22,500+ branches, 63,580 ATMs, and the YONO digital platform serving over 520 million customers.

Product overview

State Bank of India operates a comprehensive universal banking platform delivering products across retail, corporate, NRI, and digital channels through a multi-channel architecture. The core platform is YONO, a digital super-app offering mobile and internet banking, payments, loans, investments, and insurance. Retail banking encompasses deposit products (savings, fixed, recurring deposits), credit facilities (home, personal, auto, education, gold, agriculture, MSME, and pension loans), and cards (debit, credit, forex, prepaid). Investment and wealth services include mutual funds via SBI Funds Management, insurance through SBI Life and SBI General Insurance, demat services, NPS, and PPF. Corporate banking provides trade finance, treasury, cash management, and supply chain solutions. The bank serves 500+ million customers through 22,500+ branches, 63,580 ATMs, YONO digital platform (100+ million users), and a network of business correspondents. The SBI ecosystem extends to subsidiaries including SBI Cards, SBI Life Insurance, SBI General Insurance, SBI Funds Management, SBI Capital Securities, and SBI Foundation, collectively offering a full spectrum of financial services. Recent digital initiatives include YONO v2.0 with AI-powered personalization, digital lending platforms, CBDC pilots, and green finance products through SBI Green.

Differentiator

Problem solved

Functional benefit

Brands

• YONO: Digital banking platform offering comprehensive financial services including savings accounts, loans, investments, and payments
• YONO Lite
• SBI Funds Management
• SBI Foundation
• SBI Wealth
• SBI Green
• SBI Chakra (Centre of Excellence)
• SBI InCube
• SBI Startup

Products and services

• YONO Digital Banking Platform Flagship digital banking super-app offering internet banking, mobile banking, personal finance management, investment services, insurance, payments, and lifestyle offerings through a unified mobile and web application for retail and SME customers.
• Home Loans Housing finance product offering loans for purchase, construction, and renovation of residential properties with interest rates starting from 7.25% p.a. for individual retail borrowers.
• Personal Loans Unsecured personal finance loans for diverse needs including medical emergencies, weddings, and travel with interest rates starting from 10.00% p.a. for individual retail borrowers.
• Auto Loans Vehicle financing for new and pre-owned cars and two-wheelers with interest rates starting from 8.70% p.a. for individual retail borrowers.
• Education Loans Loans for higher education in India and abroad covering tuition, living expenses, and equipment with interest rates starting from 6.90% p.a. for eligible students and parents.
• Gold Loans Collateral-backed loans using gold ornaments as security with interest rates starting from 9.15% p.a. effective from 15.06.2025 and quick disbursement for retail and small business borrowers.
• MSME Loans Credit facilities for micro, small, and medium enterprises including working capital, term loans, and government scheme-linked financing like MUDRA, PMEGP, and CGTMSE for MSME borrowers.
• Agriculture Loans Specialized credit products for farmers and agricultural activities including Kisan Credit Card, crop loans, and farm equipment financing for the agriculture and rural banking segment.
• Savings Account Basic and premium savings deposit accounts with interest rates of 2.50% p.a. for regular accounts, offering digital banking access and overdraft facilities for individual customers.
• Fixed Deposits Term deposit products with interest rates up to 7.05% p.a. for 5-year tenors, including tax-saving variants and senior citizen benefits for retail depositors.
• Current Account Business deposit accounts with multiple variants (Silver, Gold, Platinum, Diamond, Palladium, Rhodium) based on transaction volumes and service requirements for business customers.
• Credit Cards Co-branded and proprietary credit cards offered through SBI Card subsidiary with various reward programs and lifestyle benefits for individual retail customers.
• Debit Cards ATM and Point of Sale cards with variants including World Debit Card, Nari Shakti Debit Card for women, Pragati Debit Card, and One Touch contactless cards with insurance covers.
• Corporate Banking Institutional banking services including working capital finance, project finance, trade finance, and cash management for large corporations and institutional clients.
• Trade Finance Import/export financing, letters of credit, bank guarantees, and documentary credits for international trade transactions for corporate clients.
• Treasury Services Foreign exchange, money market operations, and investment services for corporate clients through the Global Markets division.
• Cash Management Services Collection, payment, and liquidity management solutions for businesses including pooled accounts and virtual account solutions for corporate clients.
• Supply Chain Finance Vendor financing and dealer financing solutions enabling working capital optimization across supply chains for corporate and MSME clients.
• SBI Life Insurance Life insurance products offered through SBI Life Insurance subsidiary including term plans, endowment policies, and unit-linked insurance plans for individual and group customers.
• SBI General Insurance Non-life insurance products including health, motor, home, and travel insurance offered through SBI General Insurance subsidiary for retail and corporate customers.
• SBI Funds Management (Mutual Funds) Asset management services managing mutual fund assets under management of Rs 12.5 lakh crore through SBI Funds Management Limited, India's largest mutual fund house with 15.3% market share.
• NRI Banking Services Specialized banking services for Non-Resident Indians including NRE/NRO accounts, FCNR deposits, and overseas remittance facilities.
• SBI Wealth Management Premium wealth management service for high-net-worth individuals offering personalized banking, investment advisory, and exclusive privileges.
• SBI Green Finance Products Environmental and sustainability-focused products including Green Car Loans for electric vehicles, solar financing, and SBI Green Rupee Term Deposits under the SBI Green sub-brand.
• SBI Startup Banking Specialized banking services and credit facilities for startups including customized loans, current accounts, and business advisory through SBI Startup and SBI InCube programs.

Quantifiable outcome

• 520+ million customers served through extensive branch and digital network
• +2 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

Two partnerships are on record, tiered minor.

• Shri Ram Janmabhoomi Teerth Kshetra TrustminorOthersTrust assigned exclusive donation counting responsibilities to SBI regular employees following alleged theft and removal of private agency staff. Trust is reviewing banking relationship amid ongoing SIT probe.
• Bihar PoliceminorStrategic or Co-development PartnerJointly launched 'Cyber Secure Bihar' statewide initiative to raise awareness about cybercrime and promote safe online practices. Campaign includes workshops, training programmes, and community outreach.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• HDFC Bank: India's largest private-sector bank and SBI's principal private-sector competitor across retail, corporate, and digital banking. Directly comparable in product breadth (deposits, home loans, credit cards), customer segmentation, and digital channel investment (PayZapp vs YONO).
• ICICI Bank: Large Indian private-sector bank competing with SBI in retail deposits, MSME/SME lending, corporate banking, and digital (iMobile). Highly comparable on customer base scale, product offering, and GTM motion across retail and corporate segments.
• Punjab National Bank: Another Government of India-owned public-sector bank serving a comparable customer base with similar PSL/government-scheme obligations, rural/agricultural lending focus, and extensive branch distribution. Closest public-sector peer to SBI in operating model.
• Bank of Baroda: Indian public-sector bank with similar universal banking model, large branch presence, and exposure to retail/agriculture/MSME segments. Directly comparable on government ownership structure, deposit franchise, and corporate banking services.
• Axis Bank: Indian private-sector universal bank with similar retail and corporate lending footprint, and significant digital channel capability (Open by Axis, mobile app). Comparable to SBI on product breadth and customer segment coverage.
• Canara Bank: Indian public-sector bank with similar government ownership, large branch network, and universal banking product set including retail, MSME, and agriculture lending. Closely comparable to SBI on operating model and PSL obligations.
• Kotak Mahindra Bank: Indian private-sector bank with strong digital focus (Kotak 811), competing in deposits, payments, and retail credit. Comparable to SBI on universal banking products and customer segmentation while differentiated by digital-first positioning.
• Union Bank of India: Indian public-sector bank with Government of India majority ownership and similar PSL/government-scheme franchise, retail branch operations, and rural/agriculture lending profile. Direct peer in the public-sector competitive set.

Others

• SBI Funds Management: Asset management subsidiary of SBI with 15.3% market share in Indian mutual funds. Listed on Indian exchanges in 2026 and an integral part of SBI's ecosystem, comparable to ICICI Prudential, HDFC AMC, and Nippon India AMC.

Broad incumbents

• HSBC India: Global universal bank with a significant Indian franchise in NRI banking, foreign currency deposits, trade finance, and corporate banking. Broader incumbent versus SBI for NRI/international and cross-border banking services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TheOfficialSBI
• YouTubeyoutube.com/user/TheOfficialSBI
• Facebookfacebook.com/StateBankOfIndia
• LinkedInlinkedin.com/company/state-bank-of-india
• Instagraminstagram.com/theofficialsbi
• Pinterestin.pinterest.com/TheOfficialSBI

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds16 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments81 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about State Bank of India