State Bank of India (SBI) received the title of “Best Bank in India” for 2024 from Global Finance Magazine. This prestigious award was presented at the 31st Annual Best Bank Awards event, held alongside the 2024 International Monetary Fund (IMF) and World Bank (WB) Annual Meetings in Washington, D.C., United States. The recognition highlights SBI’s strength, stability, and significant contributions to India’s financial sector, positioning it as a leader among banks in India.
SBI is the largest banking and financial services organization in India, with an asset base of over Rs. 61 trillion. SBI serves over 50 crore customers through vast network of over 22,500 branches, 63,580 ATMs/ADWMs, 82,900 BC outlets. It has spread its presence globally and operates across time zones through 241 offices in 29 foreign countries.
Which is the Best Bank in the World?
JPMorgan Chase was named Global Finance’s “World’s Best Bank” for 2024, also earning top titles as the “World’s Best Investment Bank” and “World’s Best Private Bank.” This recognition highlights the bank’s broad services, strong finances, and leadership role in preventing further U.S. bank issues by acquiring First Republic Bank. Notable achievements in 2023 included providing $2.3 trillion in credit and capital for clients, processing $10 trillion across 120+ currencies daily, and expanding digital payment options for its 6.4 million small-business clients.
Also Read: Which is the Best Bank in the World in 2024? Check List of Best Banks
| World’s Best Banks – Global Winners | |
|---|---|
| World’s Best Bank | JPMorgan Chase |
| World’s Best Corporate Bank | BBVA |
| World’s Best Consumer Bank | Standard Chartered |
| World’s Best Emerging Markets Bank | QNB |
| World’s Best Frontier Markets Bank | UBA |
| World’s Best Sub-custodian Bank | CIBC Mellon |
| World’s Best Transaction Bank | Bank of America |
| World’s Best Bank for Sustainable Finance | Societe Generale |
| World’s Best Islamic Financial Institution | Kuwait Finance House |
| World’s Best Investment Bank | J.P. Morgan |
| World’s Best Cash Management Bank | Citi |
| World’s Beast Trade Finance Provider | BNY Mellon |
| World’s Best Supply Chain Finance Provider | Citi |
| World’s Best Foreign Exchange Provider | UBS |
| World’s Best Private Bank | J.P. Morgan Private Bank |
| World’s Best SME Bank | BTG Pactual Empresas |
