The State Bank of India (SBI) is India’s oldest and largest public sector banking institution, tracing its roots back to the early 19th century when it operated as the Bank of Bengal, one of the three Presidency Banks established under British rule. On 1 July 1955, it was reconstituted as the State Bank of India after nationalization of Imperial Bank of India, and over the decades it assimilated several associate banks such as State Bank of Mysore, Patiala, Hyderabad, and Bikaner & Jaipur to become the nation's financial backbone PitchBookWikipedia+2Wikipedia+2LinkedIn+2.
Headquartered in Mumbai, SBI today manages an extensive network that includes over 22,500 branches and 63,580 ATMs, servicing more than 50 crore (500 million) customers across India and overseas SBI US+2SBI+2Wikipedia+2. With a workforce of ~232,296 employees as of March 2024 and assets surpassing ₹61 trillion, SBI holds a 23% market share in India’s loan and deposit space and is India's largest bank by assets and customer base CSRBox+8Wikipedia+8SBI+8.
SBI’s recent financial performance remains robust. In Q3 FY 2024‑25, it posted a net profit of ₹1,68,910 crore (~$1.93 billion)—driven by strong loan growth: domestic loans up 14.06%, corporate loans up 14.86%, and retail lending growth of 11.65%, while deposit growth reached 9.76%. Gross non-performing assets declined to 2.07%, down from 2.13% a year earlier Reuters. For the full year FY 2024‑25, loans grew 12.03%, deposits grew 9.48%, though net interest margins compressed to ~3.15% Reuters+1Reuters+1.
Beyond its financial operations, SBI is deeply invested in social impact initiatives through its CSR arm, the SBI Foundation, established in 2015. Its CSR strategy focuses on inclusive access to banking, community development, and environmental resilience. Key initiatives include SBI Gram Seva (rural village improvement and digital literacy), Centre of Excellence for Persons with Disabilities (CoE‑PwDs), Youth for India Fellowship Program, health outreach programs, and disaster relief efforts including COVID-19 response support such as ₹0.25% of profits and PPE kit donations The CSR Journal.
SBI Foundation also launched "Innovators for Bharat" in collaboration with IIT-Kanpur to incubate startups addressing challenges in healthcare, clean-tech, and AgriTech—supporting 30 early- and growth-stage social enterprises through mentorship and impact-driven technical assistance The Times of India.
SBI’s CSR reach extends to urban India and includes partnerships with NGOs and local stakeholders. In Gurugram, the bank has supported:
District administration via provision of ambulances during the pandemic
Healthcare and skill-development for frontline workers
Financial literacy & women empowerment programs through SBI Foundation SBI Card.
The bank’s guiding values—Service, Transparency, Ethics, Politeness, and Sustainability—reflect its commitment to customer-centric operations and social responsibility. It has progressively woven ESG goals into organizational performance and governance frameworks, including digital inclusion, climate-aligned lending, and diversity & inclusion policies The CSR Journal+2SBI+2SBI+2.
On a global scale, SBI ranks among the largest in the Fortune Global 500 and commands a presence across 36 countries with 241 overseas offices, positioning it as a major global financial institution Wikipedia+1SBI+1.
In summary, SBI is more than a banking corporation—it is a citizen-centric institution shaping India’s financial inclusion landscape, urban development priorities, and social progress. Its deep community roots, broad outreach, and governance-first lens make it a pivotal partner in Gurugram’s civic ecosystem.