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State Bank of India
3.8
based on 3.8k Reviews
Video summary
Company Overview
Associated Companies
Company Locations
Working at State Bank of India
Company Summary
SBI, a financial powerhouse, provides banking services like saving account, fixed deposits, personal loans, education loan, SME loans, agricultural banking, etc. to meet all your banking needs..
Overall Rating
3.8/5
based on 3.8k reviews
On-Par
with industry average
Highly rated for
Job security, Salary
Work Policy
Work from office
82% employees reported
Monday to Saturday
45% employees reported
Strict timing
65% employees reported
Within city
42% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
277 employees reported
Health insurance
182 employees reported
Professional degree assistance
118 employees reported
Office cab/shuttle
103 employees reported
View all benefits
About State Bank of India
Founded in1806 (219 yrs old)
India Employee Count1 Lakh+
Global Employee Count1 Lakh+
India HeadquartersMumbai, Maharashtra, India
Office Locations
--
Websitesbi.co.in
Primary Industry
Other Industries
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State Bank of India (SBI) is the nation's largest and oldest bank. Tracing its roots back some 200 years to the British East India Company (and initially established as the Bank of Calcutta in 1806), the bank operates more than 13,500 branches within India. It also owns majority stakes in five associate banks. SBI also has more than 155 branches in about 30 foreign countries, including multiple locations in the US, Canada, and Nigeria. The bank has other units devoted to capital markets, fund management, factoring and commercial services, credit cards, insurance, and brokerage services. The Reserve Bank of India owns about 60% of State Bank of India.
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State Bank of India Ratings
based on 3.8k reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
2k
4
771
3
479
2
232
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403
Category Ratings
4.1
Job security
3.8
Salary
3.7
Skill development
3.5
Company culture
3.5
Promotions
3.4
Work-life balance
3.4
Work satisfaction
State Bank of India is rated 3.8 out of 5 stars on AmbitionBox, based on 3.8k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at State Bank of India
based on 3.5k reviews
3.8
Rated by 815 Women
Rated 4.1 for Job security and 3.7 for Salary
3.8
Rated by 2.7k Men
Rated 4.0 for Job security and 3.8 for Salary
Work Policy at State Bank of India
based on 416 reviews in last 6 months
Work from office
82%
Permanent work from home
9%
Hybrid
9%
State Bank of India Reviews
Top mentions in State Bank of India Reviews
+ 5 more
Compare State Bank of India with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 3.8k reviews | 4.0/5 based on 38k reviews | 3.9/5 based on 39.3k reviews | 3.8/5 based on 25.3k reviews |
Highly Rated for | Job security Salary | Job security Skill development Company culture | Job security Skill development | No highly rated category |
Critically Rated for | No critically rated category | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 82% employees reported | Work from office 92% employees reported | Work from office 84% employees reported | Work from office 80% employees reported |
Rating by Women Employees | 3.8 Good rated by 815 women | 3.9 Good rated by 10k women | 3.7 Good rated by 8.2k women | 3.6 Good rated by 5.4k women |
Rating by Men Employees | 3.8 Good rated by 2.7k men | 4.0 Good rated by 26.2k men | 3.9 Good rated by 29.1k men | 3.8 Good rated by 18.7k men |
Job security | 4.1 Good | 4.1 Good | 4.0 Good | 3.7 Good |
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State Bank of India Salaries
State Bank of India salaries have received with an average score of 3.8 out of 5 by 3.8k employees.
Deputy Manager
(524 salaries)
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₹7.2 L/yr - ₹28 L/yr
Chief Manager
(364 salaries)
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₹15 L/yr - ₹50 L/yr
Branch Manager
(288 salaries)
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₹9 L/yr - ₹33.5 L/yr
Assistant General Manager
(204 salaries)
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₹15 L/yr - ₹55 L/yr
Assistant Vice President
(199 salaries)
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₹5.7 L/yr - ₹16 L/yr
Relationship Manager
(173 salaries)
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₹5 L/yr - ₹20 L/yr
Sales Executive
(170 salaries)
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₹1 L/yr - ₹4 L/yr
Probationary Officer
(147 salaries)
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₹5.2 L/yr - ₹18.7 L/yr
Relationship Manager Wealth Management
(124 salaries)
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₹4.3 L/yr - ₹13.5 L/yr
Branch Relationship Executive
(115 salaries)
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₹1.2 L/yr - ₹4 L/yr
State Bank of India Interview Questions
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State Bank of India Jobs
Popular Designations State Bank of India Hires for
Assistant Vice President
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Assistant Manager
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Deputy Manager
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Operations
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Deputy Vice President
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Electrical Engineer
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Researcher
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Relationship Manager
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General Manager
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Technology
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State Bank of India News
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IRDAI Forms Committee To Review Insurance Reforms
- The Insurance Regulatory and Development Authority of India (IRDAI) has formed a committee to review insurance reforms under former SBI Chairman Dinesh Khara.
- The committee, which has already held its first meeting, will recommend amendments to the Insurance Act.
- It is expected to submit its report in three months.
- The last such committee to suggest amendments was in 2022.
Bloomberg Quint | 19 Feb, 2025
NDTV Profit Conclave Highlights: Top Industry Leaders Guide On Viksit Bharat 2047
- Union Minister of Commerce and Industry Piyush Goyal says India has an opportunity to double trade with the US and expand India's competitiveness.
- Challa Sreenivasulu Setty, Chairman of State Bank of India, highlights capital as a critical element in the development of Viksit Bharat.
- Kotak Mahindra Bank MD and CEO Ashok Vaswani expects significant changes in the banking sector as India moves towards becoming a developed nation.
- Various industry leaders emphasize the importance of mutual funds, technology, manufacturing, and the private sector's role in Viksit Bharat.
Bloomberg Quint | 19 Feb, 2025
Concerns Over Unsecured Personal Loans Bottomed Out: SBI Chairman
- The concerns on the growth in unsecured personal loans has bottomed out, according to SBI Chairman CS Setty.
- The deceleration in the segment is due to various factors, including the increase in risk weights by the Reserve Bank of India and changes in lenders' models of underwriting.
- There has been a build-up of leverage in small-value loans, particularly for new-to-credit customers.
- The banking system's credit growth was over 12% on year, while personal loan growth was 15% as of December 2024.
Bloomberg Quint | 18 Feb, 2025
Salila Pande Appointed as New Managing Director & CEO of SBI Cards
- Salila Pande has been appointed as the new Managing Director and Chief Executive Officer of SBI Cards and Payment Services.
- Pande's tenure will last for two years, starting from April 1, 2025.
- She has been with SBI since 1995 and currently serves as the Chief General Manager.
- Pande holds a postgraduate degree in physics and is a Certified Financial Risk Manager.
All Things Talent | 18 Feb, 2025
SBI Chairman CS Setty Highlights Irreversible Shift In Banking Patterns And Capital Needs For Viksit Bharat
- Recapitalization and reforms have helped public sector banks improve their balance sheets.
- Changing perception of public sector banks is driven by greater trust and improved loan underwriting.
- PSU banks have diversified their loan portfolio and adopted a balanced mix of retail, agriculture, MSME, and corporate loans.
- There is a need to deepen the bond market and leverage capital from mutual funds, insurance, and pension funds for India's economic growth.
Bloomberg Quint | 18 Feb, 2025
Rs 250 SIP To Help Rural, Semi-Urban Population To Invest Daily, Says SBI Chair CS Setty
- State Bank of India (SBI) Chairperson CS Setty has introduced the 'Chota SIP' or micro systematic investment plan of Rs 250 to help people from rural and semi-urban areas increase their savings potential.
- This daily SIP plan aims to foster financial inclusion and is completely digital, enabling more participation in mutual fund investments by first-time investors and low-income individuals.
- SBI Mutual Fund, in collaboration with SBI, launched the Rs 250 investment plan under the 'JanNivesh SIP' scheme, and the state-run lender will not charge any transaction fee for the scheme.
- The Securities and Exchange Board of India (SEBI) has proposed small-ticket SIPs of Rs 250 to encourage more people to invest, especially those from remote areas, with reduced costs and easier accessibility.
Bloomberg Quint | 18 Feb, 2025
How To Check SBI PPF Balance Online: Do It In Seconds, Here is Step By Step Guide
- If you have an SBI PPF account, you can find out your balance online in multiple ways including Net Banking, YONO App, Missed Call, and SMS.
- Public Provident Fund (PPF) is a long-term savings scheme that allows individuals to save taxes and earn interest over a period of 15 years.
- Here is a step-by-step guide to checking your SBI PPF balance online: 1. Online via SBI Net Banking. 2. Through the YONO App. 3. Offline Methods. 4. Missed Call/SMS.
- These simple methods make it quick and hassle-free to track your PPF savings.
Bloomberg Quint | 18 Feb, 2025
Floating rate retail loans get cheaper
- Banks including State Bank of India, Punjab National Bank, Bank of Baroda, Union Bank of India, and Bank of India have reduced their external benchmark lending rates (EBLRs) by the same percentage as the repo rate cut.
- This reduction in lending rates could lead to a decrease in equated monthly installment (EMI) for borrowers and is expected to incite fierce competition among banks to attract business.
- For example, SBI has lowered its EBLR and its Repo Linked Lending Rate (RLLR) from their previous values to new, lower rates.
- While transmission of the repo rate cut to lending rates is smooth, deposit rates are not expected to change due to liquidity constraints and increased yields on corporate bonds.
HinduBusinessLine | 17 Feb, 2025
SBI Cards Appoints Salila Pande As CEO For Two Years
- SBI Cards and Payment Services Ltd. has appointed Salila Pande as the managing director and chief executive officer.
- Pande will assume the role from April 1 for a two-year term, subject to necessary approvals.
- This appointment follows the retirement of the current CEO, Abhijit Chakravorty, from the services of parent company State Bank of India.
- Pande is currently a chief general manager at SBI and has extensive banking experience in various roles.
Bloomberg Quint | 17 Feb, 2025
Developer Arrested In Rs 122 Crore New India Co-Operative Bank Scam
- The developer Dharmesh Poun has been arrested in connection with the Rs 122 crore New India Co-Operative Bank scam.
- Investigations revealed that Poun received Rs 70 crore of the embezzled funds in installments from the main accused, General Manager Hitesh Mehta.
- Last week, the Reserve Bank of India (RBI) superseded the bank's board due to concerns about poor governance and imposed restrictions on the bank.
- The RBI has appointed a former chief general manager of State Bank of India (SBI) as the administrator to oversee the bank's operations.
Bloomberg Quint | 16 Feb, 2025
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State Bank of India Subsidiaries
SBI Capital Markets
3.8
• 264 reviews
SBI Global Factors
3.1
• 33 reviews
SBI DFHI
4.5
• 5 reviews
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State Bank of India Offices
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State Bank of India FAQs
When was State Bank of India founded?
State Bank of India was founded in 1806. The company has been operating for 219 years primarily in the Banking sector.
Where is the State Bank of India headquarters located?
State Bank of India is headquartered in Mumbai, Maharashtra.
How many employees does State Bank of India have in India?
State Bank of India currently has more than 2.3 Lakh+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in State Bank of India based on the number of reviews submitted on AmbitionBox.
Does State Bank of India have good work-life balance?
State Bank of India has a work-life balance rating of 3.4 out of 5 based on 3,800+ employee reviews on AmbitionBox. 29% employees rated State Bank of India 3 or below, while 71% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read State Bank of India work-life balance reviews for more details
Is State Bank of India good for career growth?
Career growth at State Bank of India is rated fairly well, with a promotions and appraisal rating of 3.5. 71% employees rated State Bank of India 4 or above, while 29% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading State Bank of India promotions/appraisals reviews for more detailed insights.
What are the pros of working in State Bank of India?
Working at State Bank of India offers several advantages that make it an appealing place for employees. The company is highly rated for job security and salary & benefits, based on 3,800+ employee reviews on AmbitionBox.
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