State Bank of India

Sector: Banks

Core Business Activity

SBI offers a wide range of banking products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers. Its core operations span Personal Banking, Corporate Banking, International Banking, Treasury operations, SME, Rural, and Government business.

Sub Brands

YONO

Market Reach

India Presence

Largest bank in India with a vast network covering all states and union territories, including significant presence in rural and semi-urban areas.

Kerala(Global NRI Centre)Maharashtra(Headquarters)Punjab(Global NRI Centre)

Expansion Plans:

Continues to expand physical presence (branches/ATMs) and digital reach (YONO) across India, focusing on untapped regions and enhancing accessibility.

Global Presence

Pioneer of International Banking among Indian banks with presence across all time zones.

Australia(Branch/Office)Bahrain(Branch/Office)Bangladesh(Branch/Office)Belgium(Branch/Office)Bhutan(Joint Venture)

Global Expansion Plans:

Aims to enhance presence in international markets, consistently supporting the Indian diaspora and Indian corporates globally. Plans to open a Wealth Hub serving Middle East and GIFT City. YONO Global app rollout continuing in more countries.

Products & Services by Segment

People & Operations

Key Personnel

Shri Dinesh Kumar Khara - Chairman
Shri Challa Sreenivasulu Setty - Managing Director (International Banking, Global Markets & Technology)
Shri Ashwini Kumar Tewari - Managing Director (Corporate Banking & Subsidiaries)
Shri Alok Kumar Choudhary - Managing Director (Risk, Compliance & SARG)
Shri Vinay M. Tonse - Managing Director (Retail Business & Operations)

Workforce

Approx. Employee Count:2,32,296 (standalone employees as of March 31, 2024)

Key Dependencies

Performance is highly dependent on Indian economic growth, RBI's monetary policy (interest rates, liquidity), regulatory changes, and global economic conditions impacting international operations and forex.

Competitive Advantage

Unmatched brand trust and legacy, extensive physical and digital distribution network (phygital presence), strong government backing, diverse product portfolio catering to all segments, and a large, established customer base.

SWOT Analysis

Strengths

Largest bank in India with unparalleled reach (Phygital presence).
Strong brand equity and customer trust built over centuries.
Diversified portfolio across various banking segments.
Significant digital transformation through YONO platform.
Strong financial performance and robust capital adequacy.

Weaknesses

Potential for bureaucratic processes inherent in large public sector organizations.
Asset quality concerns, although improving significantly.
Competition from agile private sector banks and fintechs.

Opportunities

Robust Indian economic growth driving credit demand.
Increasing digital adoption across the population.
Focus on SME, Agri, and infrastructure financing.
Leadership role in sustainable and green finance.
Untapped potential in rural and semi-urban markets.

Threats

Geopolitical tensions and global economic slowdown impacting international business.
Intensifying competition from private banks and fintechs.
Evolving regulatory landscape (including climate risk).
Cybersecurity threats.
Interest rate volatility impacting margins.