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Awards

SBI honoured as India’s Financial Powerhouse of the Year (PSU)

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SBI has been honoured as India’s Financial Powerhouse of the Year (PSU) at the NDTV Profit Leadership Awards 2026.

The award was presented to SBI Chairman, Shri Challa Sreenivasulu Setty, by the Hon’ble Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman.

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State Bank of India (SBI), the country’s largest lender, has been named Financial Powerhouse of the Year (PSU) at the NDTV Profit Business Leadership Awards 2026, held at Mumbai’s iconic Taj Mahal Palace Hotel.

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The award recognises a public sector financial institution that has demonstrated sustained scale, financial strength and leadership in India’s banking ecosystem. SBI emerged ahead of a strong field of nominees that included Punjab National Bank, Indian Bank, Union Bank of India, Power Finance Corporation, Canara Bank and Bank of Baroda.

SBI serves more than 50 crore customers through a network of over 23,000 branches, 63,000-plus ATMs and ADWMs, and nearly 83,000 banking correspondents, while also maintaining operations in 29 countries.

The Financial Powerhouse of the Year (PSU) category recognises banks, NBFCs, insurers, asset managers and other financial institutions that have demonstrated leadership in growth, governance, capital strength, innovation and trust while contributing to India’s economic expansion.

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Hellobanker Team

Hellobanker.in is India's leading banking and finance news portal. Our expert team covers banking policies, RBI updates, financial markets, and investment insights.
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