SBI honoured as the ‘Best Bank in India’ for 2024 by Global Finance Magazine

State Bank of India (SBI) named the ‘Best Bank in India’ for 2024 by Global Finance Magazine

The State Bank of India (SBI) has been named the ‘Best Bank in India’ for 2024 by Global Finance Magazine, a distinction awarded at the 31st Annual Best Bank Awards in Washington, DC, alongside the IMF and World Bank meetings. SBI Chairman Shri C.S. Setty accepted the award,

Global Finance’s Best Bank Awards, esteemed for their credibility and integrity, spotlight top banks worldwide and hold significant value in the corporate finance sector. The award recognized the bank's outstanding customer service and dedication to advancing financial inclusion across India.

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SBI, which boasts an extensive network of over 22,500 branches and 62,000 ATMs, has been strengthening its growth in the Indian banking sector through its YONO digital platform. 63% of new savings accounts opened digitally in Q1 FY25 and pre-approved personal loan disbursements totaling Rs 1,399 crore were made through YONO.