SBI: A Comprehensive Factsheet

Key Highlights

• India's largest commercial bank with over 430 million customers
• Total assets of over $630 billion
• Over 24,000 branches and 60,000 ATMs in India
• Offers a wide range of financial products and services, including banking, insurance, and wealth management

Overview

State Bank of India (SBI) is the largest commercial bank in India and one of the largest in the world. It has a vast network of branches and ATMs across the country, and offers a wide range of financial products and services.

SBI was founded in 1806 as the Bank of Calcutta. It became the State Bank of India in 1955, when it was nationalized along with several other major banks. Today, SBI is a listed company on the Bombay Stock Exchange and the National Stock Exchange.

Financial Performance

SBI's financial performance has been strong in recent years. In the fiscal year 2021-22, the bank reported a net profit of $3.3 billion, up 12% from the previous year. The bank's total assets grew by 7% to $630 billion.

Products and Services

SBI offers a wide range of financial products and services, including:

• Banking: SBI offers a full range of banking services, including checking and savings accounts, loans, and credit cards.
• Insurance: SBI offers a variety of insurance products, including life insurance, health insurance, and property insurance.
• Wealth management: SBI offers a range of wealth management services, including investment advisory, portfolio management, and estate planning.

Branch Network

SBI has a vast branch network in India, with over 24,000 branches and 60,000 ATMs. The bank has branches in all major cities and towns, as well as in rural areas.

Customer Base

SBI has a large and loyal customer base, with over 430 million customers. The bank's customers include individuals, businesses, and governments.

Challenges

SBI faces a number of challenges, including:

• Competition from other banks, both domestic and international
• Rising operating costs
• Bad loans
• Cyber threats

Opportunities

SBI has a number of opportunities for growth, including:

• Expanding its branch network in rural areas
• Offering new financial products and services
• Growing its digital banking business
• Expanding its international operations

Conclusion

SBI is a well-established and financially sound bank with a large and loyal customer base. The bank is well-positioned to continue to grow in the future.

Key Statistics

• Total assets: $630 billion
• Net profit: $3.3 billion
• Number of customers: 430 million
• Number of branches: 24,000
• Number of ATMs: 60,000

Useful Tables

Table 1: SBI's Financial Performance

Table 2: SBI's Branch Network

Table 3: SBI's Customer Base

Table 4: SBI's Challenges and Opportunities