Mumbai: The State Bank of India (SBI) has added another feather to its cap by bagging two prestigious international awards — ‘World’s Best Consumer Bank 2025’ and ‘Best Bank in India 2025’ — from Global Finance, New York, during the World Bank/IMF Annual Meetings 2025.
Dual Recognition for Global Leadership
According to SBI’s official statement, the twin honours reaffirm the bank’s position as a global banking leader committed to innovation, financial inclusion, and customer excellence.
The awards recognize SBI’s continued success in providing world-class banking experiences to its vast and diverse customer base while expanding technological leadership and service reach across India’s extensive geography.
Chairman Hails the Recognition
Challa Sreenivasulu Setty, Group Chairman, State Bank of India, expressed gratitude for the recognition, stating:
“We are deeply honoured by Global Finance’s recognition of SBI’s daily commitment to excellence. Serving 520 million customers and adding 65,000 new customers daily requires significant investment in technology and digitalisation. As a ‘Digital First, Consumer First’ bank, our flagship mobile application serves over 100 million customers, with 10 million daily active users.”
Mr. Setty highlighted that the awards validate SBI’s focus on combining digital transformation with customer-centric innovation, ensuring that the bank remains at the forefront of global banking standards.
India’s Largest Bank with a Global Impact
SBI continues to hold its position as India’s largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also one of the largest mortgage lenders in the country, having fulfilled the home-buying dreams of over 30 lakh families.
As of June 2025, SBI’s home loan portfolio surpassed ₹8.5 lakh crore, supported by a deposit base of ₹54.73 lakh crore, a CASA ratio of 39.36%, and advances exceeding ₹42.54 lakh crore.
Digital Transformation and Customer Growth
SBI’s strong digital transformation strategy has been pivotal in its recent growth. The bank’s integrated digital platform, YONO (You Only Need One), continues to drive customer acquisition and engagement.
- 66% of new savings accounts were opened through YONO in Q1 FY26.
- YONO has over 9.04 crore registered users and added 27.4 lakh new users in Q1 FY26.
The bank disbursed ₹1,791 crore in pre-approved personal loans through YONO during Q1 FY26.
With 14.2 crore internet banking users, 22,980 branches, 62,200 ATMs/ADWMs, and over 76,800 BC outlets, SBI’s reach and digital readiness continue to make it a model of inclusive, technology-driven banking.
Global Trust and Recognition
SBI’s global reputation has been further bolstered by its ranking as the 4th most trustworthy bank in the world by Newsweek. The bank commands a market share of 27.7% in home loans and 19.03% in auto loans, demonstrating its leadership in India’s retail banking sector.
The Global Finance awards underscore SBI’s success in blending scale, technology, and customer focus, positioning it among the world’s most respected banking institutions.
About SBI
State Bank of India (SBI) is a prominent Indian multinational public sector banking and financial services company. It is the largest commercial bank in India, boasting a vast network of branches and a large customer base. SBI has a rich history, tracing its origins back to the Bank of Calcutta in 1806, and is known for its commitment to serving the needs of the common man.
