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State Bank of India
3.8
based on 3.7k Reviews
Company Overview
Associated Companies
Company Locations
About State Bank of India
Founded in1806 (218 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 Subsidiaries
SBI Capital Markets
3.7
• 248 reviews
SBI Global Factors
3.3
• 30 reviews
SBI DFHI
4.5
• 5 reviews
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State Bank of India Ratings
based on 3.7k reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
1.9k
4
738
3
459
2
223
1
379
Category Ratings
4.1
Job Security
3.8
Salary & Benefits
3.7
Skill Development
3.5
Promotions/Appraisal
3.4
Company Culture
3.4
Work Satisfaction
3.4
Work-Life Balance
State Bank of India is rated 3.8 out of 5 stars on AmbitionBox, based on 3.7k 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 3.3k reviews
3.8
Rated by 763 Women
Rated 4.1 for Job Security and 3.7 for Skill Development
3.8
Rated by 2.5k Men
Rated 4.1 for Job Security and 3.8 for Salary & Benefits
Work Policy at State Bank of India
based on 316 reviews in last 6 months
Work from office
86%
Hybrid
8%
Permanent work from home
6%
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 3.7k reviews | 4.0/5 based on 36.6k reviews | 3.9/5 based on 37.4k reviews | 3.8/5 based on 24.1k reviews |
Highly Rated for | Job Security Salary & Benefits | Job Security Skill development Company culture | Job Security Skill development | No highly rated category |
Critically Rated for | Work-Life balance | No critically rated category | Promotion/Appraisals | Promotion/Appraisals |
Primary Work Policy | Work from office 86% employees reported | Work from office 92% employees reported | Work from office 85% employees reported | Work from office 82% employees reported |
Rating by Women Employees | 3.8 Good rated by 763 women | 3.9 Good rated by 9.6k women | 3.7 Good rated by 7.6k women | 3.7 Good rated by 5.2k women |
Rating by Men Employees | 3.8 Good rated by 2.5k men | 4.0 Good rated by 25.2k men | 3.9 Good rated by 27.7k men | 3.8 Good rated by 17.8k men |
Job Security | 4.1 Good | 4.1 Good | 4.0 Good | 3.7 Good |
View more
State Bank of India Salaries
3.8
rated by 3.7k employees for salariesDeputy Manager
(670 salaries)
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₹7.2 L/yr - ₹28 L/yr
Chief Manager
(472 salaries)
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₹14.6 L/yr - ₹50 L/yr
Relationship Manager
(311 salaries)
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₹4.4 L/yr - ₹18.4 L/yr
Branch Manager
(310 salaries)
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₹7.5 L/yr - ₹30 L/yr
Assistant Vice President
(207 salaries)
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₹5.8 L/yr - ₹16 L/yr
Assistant General Manager
(196 salaries)
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₹34.1 L/yr - ₹65 L/yr
Probationary Officer
(187 salaries)
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₹4.9 L/yr - ₹17.5 L/yr
Sales Executive
(171 salaries)
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₹0.9 L/yr - ₹4 L/yr
Relationship Manager Wealth Management
(132 salaries)
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₹4.3 L/yr - ₹14.4 L/yr
Credit Analyst
(104 salaries)
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₹6 L/yr - ₹30 L/yr
State Bank of India Interview Questions
Interview questions by designation
Top interview questions and answers
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Interview Process at State Bank of India
based on 73 interviews in last 1 year
Interview Experience
4.1
Good
Difficulty level
Easy
46%
Moderate
45%
Hard
9%
People are getting interviews through
based on 155 State Bank of India interviews
Job Portal
31%
Company Website
28%
Walkin
13%
Referral
4%
*24% candidates got the interview through other sources
High confidence
State Bank of India Jobs
State Bank of India News
View all
Public sector banks step up hiring
- The recruitment data of public sector banks shows a significant increase in hiring for probationary officers and clerks compared to last year.
- In 2024, there were 10,979 vacancies for probationary officers, specialist officers, and clerks as compared to 8,996 vacancies in 2023.
- State Bank of India (SBI) has also witnessed an increase in hiring, with the number of clerks hired rising from 7,820 in 2020 to 8,283 in 2023.
- The banking sector is experiencing a new round of expansion after COVID-19, with a focus on financial inclusion, branch network expansion, and career opportunities in fintech and private banking sectors.
HinduBusinessLine | 17 Dec, 2024
PC Jeweller plans on debt conversion, board resolutions
- PC Jeweller Limited plans to issue 5.17 crore equity shares to its consortium lenders through a preferential allotment.
- The issuance, priced at ₹292 per share, is part of a settlement agreement with lenders, aimed at converting outstanding debt into equity.
- Lenders like State Bank of India and Union Bank of India are among the key recipients of these shares, classified as non-promoter public category.
- The company has also proposed the reappointment of Ramesh Kumar Sharma as Whole-Time Director for another three years.
HinduBusinessLine | 16 Dec, 2024
ICICI Bank, HDFC Bank, SBI Better Placed To Face Deposit Crunch, Says Nuvama
- ICICI Bank, HDFC Bank, SBI are better placed to face deposit crunch, says Nuvama.
- Indian banks vulnerable to margin pressure due to deposit shortage, says Nuvama.
- Demand deposits under pressure, further affecting Current Account Savings Account ratio.
- Slowdown in loan growth due to various factors, rate cuts unlikely to have immediate impact.
Bloomberg Quint | 16 Dec, 2024
Indian firms see revenue surge in FY24, but employee wage growth slows: SBI Report
- Indian firms witness revenue surge in FY24, with moderate growth but robust increase in EBIDTA and PAT of 28% and 32% respectively.
- Employee wage growth slows down with a growth rate of only 13% in FY24 compared to 17% in FY23, indicating a focus on optimizing wage bills while maintaining profitability.
- Indian companies have consistently maintained an average EBIDTA margin of 22% over the past four years, with an average annual growth in wage bills of around 12%, emphasizing careful modulation of employee expenses and cost components.
- Weighted average contribution model reveals improved cost management as the negative contribution of employee expenses to EBIDTA growth declined to 7% in FY24 from 8.6% in FY23.
HinduBusinessLine | 16 Dec, 2024
Fresh Buys To Complete Exits: Stocks That Mutual Funds Bought And Sold In November
- Mutual funds invested as much as Rs 35,632.5 crore into equities during the month of November.
- Swiggy Ltd. emerged as a preferred choice for mutual funds after its IPO, with 80 actively managed funds adding the stock to their portfolio.
- NTPC Green Energy Ltd. and State Bank of India Ltd., Trent Ltd., and Zomato Ltd. were among the top new entrants in mutual fund portfolios.
- HDFC Bank Ltd., Cummins India Ltd., and Coforge Ltd. saw complete exits from multiple schemes.
Bloomberg Quint | 16 Dec, 2024
Public sector banks eye common online platform for giving loans to start-ups
- The Finance Ministry has proposed the establishment of a common start-up hub portal for State-owned banks.
- The portal will allow start-ups to upload loan applications, track their status, and choose the best lender.
- State Bank of India, Bank of Baroda, Canara Bank, and Union Bank of India are among the banks examining the digital lending platform.
- The government aims to support entrepreneurship and create a robust start-up ecosystem in India.
HinduBusinessLine | 15 Dec, 2024
SBI chief to head panel to recommend fresh list of accounts for NARCL: DFS
- The Department of Financial Services (DFS) has formed a committee under the chairmanship of SBI Chairman C S Setty to recommend a fresh list of accounts for transfer to NARCL.
- NARCL has acquired 22 accounts with an exposure of ₹95,711 crore till date.
- The Finance Ministry aims to transfer stressed assets worth ₹1 lakh crore to NARCL by March 2025.
- DFS Secretary advised banks to closely monitor cases in NCLT, minimize procedural delays, and avoid seeking adjournments.
HinduBusinessLine | 13 Dec, 2024
SBI Adds To Record Samurai Loan Boom With 30 Billion Yen Debt Plan
- State Bank of India (SBI) is seeking a 30 billion yen ($197 million) facility from Mitsubishi UFJ Financial Group Inc., adding to the record volume of yen loans raised in Asia excluding Japan.
- The loan has a five-year tenor and will pay an interest margin of 60 basis points over the Tokyo overnight average rate.
- Samurai loans, where foreign companies raise yen debt, have been on the rise in Asia as borrowers seek to lower funding costs and diversify away from the dollar.
- SBI plans to use the proceeds from the yen loan for foreign currency lending.
Bloomberg Quint | 12 Dec, 2024
SBI chief urges pension funds, insurers, MFs to boost corporate bond market liquidity
- The chairman of the State Bank of India (SBI), Dinesh Kumar Khara, has urged pension funds, insurers, and mutual funds (MFs) to actively participate in the corporate bond markets to boost liquidity.
- Khara highlighted the importance of active participation from these financial institutions, stating that their current investments are primarily in AAA bonds, which does not deepen the corporate bond markets.
- SBI is the largest issuer of corporate bonds, and Khara emphasized the need to deepen the corporate bond markets as commercial banks face limitations in supporting infrastructure financing due to asset liability mismatch issues.
- The SBI chairman also mentioned that they are in talks with the Reserve Bank of India (RBI) on revising the held to maturity (HTM) norms for corporate bonds.
HinduBusinessLine | 11 Dec, 2024
MobiKwik IPO: Fintech Major Raises INR 257 Cr From Anchor Investors
- Fintech company MobiKwik has raised INR 257.40 Cr from anchor investors.
- A total of 92.25 Lakh shares were allotted at INR 279 apiece to 21 anchor investors.
- SBI and Quant Mutual Fund received the biggest pieces of the anchor investment round.
- MobiKwik's IPO will open on December 11 and close on December 13.
Inc42 | 10 Dec, 2024
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