On July 1, 2025, Mumbai(Maharashtra) based State Bank of India (SBI), India’s largest bank, commemorated its 70th anniversary with a special event held at the Dr. Ambedkar International Centre, Janpath, New Delhi, Delhi.
- During the event, SBI announced the “Solar Rooftop Programme”to support India’s Renewable Energy(RE) transition. This initiative aligns with India’s commitment to achieving Net Zero emissions by 2070.
Key Highlights:
i.SBI’s Solar Rooftop Programme aims to solarise 4 million (mn) homes by the Financial Year 2026-27 (FY27), promoting clean energy adoption at the household level.
- It has undertaken a mission to plant 9 lakh trees in the Cauvery basin while also supporting underprivileged students and persons with disabilities.
ii.The bank also plans to establish a Centre of Excellence (CoE) focused on project finance for emerging sectors such as RE, e-mobility, data centres, semiconductors, green hydrogen, decarbonisation, and smart infrastructure.
iii.In FY25, the SBI recorded the highest agricultural lending in India, exceeding Rs. 3.5 lakh crores, with a strong focus on supporting farm infrastructure, agri-enterprises, Farmer Producer Organisation(FPOs), and cooperatives to promote sustainable rural development.
iv.It has spent Rs.610.8 crores on Corporate Social Responsibility (CSR) initiatives, impacting around 94 aspirational districts across the country.
- The CSR initiatives focused on areas such as healthcare, education, rural development, and environmental sustainability.
Note: CSR refers to a company’s commitment to contribute to social, environmental, and economic development while operating in an ethical and sustainable manner.
SBI Opens Specialized Trade Finance Centres in Kolkata and Hyderabad
On July 1, 2025, SBI inaugurated specialized Global Trade Finance Centres in Kolkata(West Bengal, WB) and Hyderabad(Telangana).
- These centres aim to enhance the bank’s trade finance capabilities by streamlining domestic and international trade transactions, thereby improving processing efficiency and turnaround times.
- This move aligns with SBI’s broader strategy to bolster its global operations, including plans to expand its presence through the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City(GIFT City), Gujarat.
About State Bank of India(SBI):
The State Bank of India (SBI) traces its origins to the Bank of Calcutta, established in 1806. In 1921, The Bank of Calcutta (1806), Bank of Bombay (1840), and Bank of Madras (1843) were merged to form the Imperial Bank of India. Later, on 1st July 1955, the Imperial Bank was nationalized and renamed the State Bank of India(SBI).
- As of October 2024, SBI holds an asset base exceeding Rs.61 trillion and serves over 500 million customers through more than 22,500 branches, 63,580 ATMs/ADWMs (Automated Teller Machines/Advanced Deposit Withdrawal Machines), and 82,900 business correspondent outlets, showcasing its unparalleled presence across India.
- Globally, SBI supports Indian businesses and the diaspora with 241 offices across 29 countries.
Chairman – Challa Sreenivasulu Setty
Headquarters – Mumbai, Maharashtra
Tagline – Pure Banking, Nothing Else
Established – 1st July 1955
