Today, the Union Finance Minister Nirmala Sitharaman met with the board members of State Bank of India (SBI). She addressed the board members at the launch of Platinum Jubilee celebrations of Foundation Day of State Bank of India (SBI). She also inaugurated 70 new branches along with 501 Women CSPs.
The Finance Minister said that State Bank of India (SBI) was established through an Act of Parliament on July 1, 1955. Over the past seven decades, it has expanded its customer base to over 51 crore. The bank’s total business has grown to ₹87 lakh crore, supported by a workforce of more than 2.37 lakh employees. SBI serves approximately 5.6% of the global population, making it one of the largest financial institutions in the world.
Sitharaman said SBI, the largest bank in the Indian subcontinent, is now ideally positioned to deliver superior value creation through sustainable growth.SBI aims to achieve this by enhancing its operational excellence across lending performance, asset quality, profitability and capital generation, thereby driving wealth creation, she said. Watch video what she said 👇
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