From its rich legacy to global leadership, the State Bank of India marks 70 historic years as the cornerstone of Indian banking and a powerful symbol of the nation’s economic transformation
1 July 2025, New Delhi
India’s largest and most trusted bank, the State Bank of India (SBI), celebrates a major milestone today — completing 70 years of dedicated service to the nation. Established on July 1, 1955, after the nationalization of the Imperial Bank of India, SBI has grown from a traditional bank into a global financial leader. With over 47 crore customers, it has played a key role in shaping India’s economy and supporting its development journey.
Behind every small business, every farmer’s dream, and every young Indian’s first savings account, SBI has been a silent yet strong presence. Whether supporting government welfare schemes, funding infrastructure, or enabling rural credit in the remotest corners, SBI has consistently played a defining role in India’s development journey — and often, led the way.
What makes this moment even more significant is the 219-year-old legacy the institution carries. Tracing its roots to the Bank of Calcutta in 1806, SBI’s evolution mirrors India’s own — rising from colonial institutions to a modern, digitally enabled, and globally integrated financial giant. Today, it operates across 35+ countries, maintaining India’s financial presence across borders.
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SBI’s growth story is also one of digital transformation and inclusion. With platforms like YONO, paperless banking, and AI-driven services, the bank has seamlessly bridged tradition and technology. Simultaneously, it has continued its legacy of social impact by expanding access to credit, especially in underserved rural and semi-urban regions — long before financial inclusion became a government mandate.
Speaking on the occasion, SBI Chairman Dinesh Kumar Khara called the anniversary “not just a celebration, but a reminder of the enormous responsibility we carry.” He added, “We are proud to have been the financial partner in India’s growth story — and we are just getting started.”
As the nation looks ahead to a new era of innovation and inclusive growth, SBI remains more than a bank — it is a national institution, one that has empowered millions, instilled trust for generations, and held firm through every economic tide. At 70, it doesn’t just celebrate the past — it reaffirms its role in shaping India’s future.
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