Mumbai: India’s largest lender, State Bank of India (SBI), has signed a strategic partnership with the Financial Planning Standards Board (FPSB) India to incorporate the globally respected Certified Financial Planner (CFP) certification into its employee learning and development framework. The initiative will cover SBI’s entire workforce of approximately 2.36 lakh employees.
The agreement was formally signed in Mumbai in the presence of senior officials — Sandeep Sharma, Country Head of Wealth Management at SBI, and Krishan Mishra, CEO of FPSB India.
Raising the Bar in Financial Planning for Premium Customers
This landmark initiative is aimed at elevating the quality and consistency of financial planning services, particularly for SBI’s high-value client base — including Non-Resident Indians (NRIs), High Net-Worth Individuals (HNIs), and Ultra High Net-Worth Individuals (UHNIs).
Through CFP training, SBI employees will be equipped to offer expert guidance in areas such as investment planning, retirement readiness, insurance advisory, and estate planning, aligning with international standards.
Standardizing Professional Excellence Across SBI’s Network
The collaboration represents a major step toward standardizing financial advisory services throughout SBI’s extensive national network of 22,937 branches and 63,791 ATMs. SBI also serves a vast customer base via its flagship digital banking platform YONO, which has over 8.77 crore registered users.
Integrating the CFP certification into employee training is expected to boost service quality, strengthen trust, and support SBI’s commitment to financial literacy and inclusion.
Aligning with India’s Broader Financial Literacy Goals
SBI’s collaboration with FPSB India aligns with the Government of India’s broader mission to promote financial literacy and improve advisory standards in the financial services sector. By enabling its workforce to become CFP-certified, SBI is not only investing in professional development but also ensuring the delivery of responsible, ethical, and high-quality financial advice to a diverse customer base.
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About FPSB India
FPSB India is the leading body for CFP certification in the country, supporting over 3,215 CFP professionals domestically. It is part of the global FPSB network, which represents more than 230,648 CFP professionals across the world.
About SBI
State Bank of India (SBI) is India’s largest commercial bank and a public sector undertaking, with a history spanning over 200 years. It provides a wide array of banking and financial services to individuals, businesses, and institutions through its extensive network of branches, subsidiaries, and associate companies. SBI is known for its strong presence in both urban and rural areas, its vast customer base, and its role in supporting the Indian economy.
