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State Bank of India
3.8
based on 3.9k Reviews
Video summary
Company Overview
Associated Companies
Company Locations
Working at State Bank of India
Company Summary
0
Overall Rating
3.8/5
based on 3.9k 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 3.9k reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
2k
4
773
3
484
2
236
1
407
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 3.9k 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 823 Women
Rated 4.1 for Job security and 3.7 for Salary
3.8
Rated by 2.7k Men
Rated 4.1 for Job security and 3.8 for Salary
Work Policy at State Bank of India
based on 439 reviews in last 6 months
Work from office
82%
Permanent work from home
10%
Hybrid
8%
State Bank of India Reviews
Top mentions in State Bank of India Reviews
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Compare State Bank of India with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 3.9k reviews | 4.0/5 based on 38.2k reviews  | 3.9/5 based on 39.6k reviews | 3.8/5 based on 25.5k 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 91% employees reported | Work from office 84% employees reported | Work from office 80% employees reported |
Rating by Women Employees | 3.8 Good rated by 823 women | 3.9 Good rated by 10.1k women | 3.7 Good rated by 8.3k women | 3.6 Good rated by 5.5k women |
Rating by Men Employees | 3.8 Good rated by 2.7k men | 4.0 Good rated by 26.4k men | 3.9 Good rated by 29.4k men | 3.8 Good rated by 18.9k 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 3.9k employees.
Deputy Manager
(575 salaries)
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₹7.2 L/yr - ₹28 L/yr
Chief Manager
(366 salaries)
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₹15 L/yr - ₹50 L/yr
Branch Manager
(290 salaries)
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₹9 L/yr - ₹33.4 L/yr
Assistant General Manager
(201 salaries)
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₹15 L/yr - ₹52.4 L/yr
Assistant Vice President
(198 salaries)
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₹5.7 L/yr - ₹16 L/yr
Sales Executive
(180 salaries)
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₹1 L/yr - ₹4 L/yr
Relationship Manager
(174 salaries)
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₹5 L/yr - ₹20 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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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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Popular Skills State Bank of India Hires for
State Bank of India News
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- A break above $2.27 could push XRP to $2.30, with support at $2.25.
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- XRP is maintaining its position near resistance, with a potential for further gains if buyers push through.
TheNewsCrypto | 2 Mar, 2025
SBI report projects India’s per capita GDP to reach ₹2.35 lakh by FY25
- India's per capita GDP at current prices is projected to reach ₹2.35 lakh by FY25.
- Private consumption has contributed to economic growth, specifically in areas like healthcare, education, and hotel services.
- Capital formation is expected to grow at a slower pace, while the weakening rupee has boosted export growth.
- India's economic growth in Q3 of FY25 improved to 6.2% and the full-year GDP growth estimate for FY25 has been revised to 6.5%.
HinduBusinessLine | 1 Mar, 2025
RINL sets course for financial turnaround with ₹7,000 crore Phase 1 funding; banks agree to interest rate cuts
- RINL has utilized the first tranche of nearly ₹6,800-7,000 crore to meet payment obligations and prevent working capital loan defaults.
- The steelmaker has reported a gross margin of ₹55 crore in January 2025 compared to an EBITDA loss of ₹300 crore in the same period last year.
- RINL has requested a reduction in interest rates from SBI and aims to align them with industry peers at 7-7.75%.
- The second tranche of funds, around ₹1,400 crore, is expected in April 2025, with additional tranches in July and October.
HinduBusinessLine | 28 Feb, 2025
Stock Market Highlights 28 February 2025: Bloodbath on D-Street; Sensex plunges 1.9% to 73,198, Nifty settles below 22,150
- Stock market witnessed a bloodbath, with Sensex plunging 1.9% to 73,198 and Nifty settling below 22,150 amid US tariff uncertainty affecting forex traders.
- Nifty Bank and Nifty 50 opened lower, indicating a bearish bias with supports at 48,600 and 22,200 respectively.
- Real estate sector outlook remains positive due to large-scale projects, redevelopment boom, and RBI rate cuts, enhancing market stability.
- Credit card spending declined 2% MoM but grew 14% YoY, while credit card transactions fell 1% MoM with a slowdown in issuance.
- Key insights on credit card market show HDFC Bank and SBI maintaining dominant positions, while Yes Bank's market share stagnated.
- Companies like Kotak Mahindra Bank, HDFC AMC, and Crompton discussed recent developments, expansions, and strategic initiatives in their respective sectors.
- Stock movements for companies like Tata Power, Angel One, Tata Chemicals, Jindal Steel, and Granules India were analyzed, reflecting market dynamics and updates.
- Notable announcements include Coal India's levy introduction, Crompton's new product launches, and Bajaj Auto's growth strategies shared by various analysts.
- Market trends indicate caution in aggressive positioning, focus on non-lending BFSI businesses, and potential rate cut expectations.
- Overall, the article discusses market fluctuations, sector-specific insights, key analyst recommendations, regulatory developments, and company-specific updates.
HinduBusinessLine | 28 Feb, 2025
Buy, Sell Or Hold: Jio Financial, Paytm, BSE, SBI — Ask Profit
- Market analysts shared insights on whether to buy, sell, or hold various stocks, including Jio Financial, Paytm, BSE, SBI, Yes Bank, Angel One, and Vishal Mega Mart.
- Jio Financial Services: Hold for long-term investors, as it is still in early stages of growth.
- Yes Bank: Sell due to potential stake sale of SBI's holding and better prospects in mid-cap banks like Federal Bank Ltd.
- Vishal Mega Mart: Hold for long-term, with an entry level at Rs 95 and a target of Rs 125-140 in 6-8 months.
Bloomberg Quint | 27 Feb, 2025
Today Startup News 27 February 2025 From The Indian Startup Ecosystem
- Sonu Saini, an ex-SBI deputy manager, turned entrepreneur by starting Little Indian Spice.
- FanTV secured $3 million in funding to transform AI-powered content creation.
- Home decor brand Ritualistic received $1 million in funding.
- Paytm partnered with AI startup Perplexity to integrate AI-powered search in its app.
VIE Stories | 27 Feb, 2025
India’s GDP Advance Estimates 2025 Live: ‘We estimate the GDP growth for Q3 FY25 should come around 6.2%-6.3%’: SBI Research
- The National Statistics Office (NSO) will release the annual GDP numbers for FY2024-25 along with the quarterly estimates for the October-December quarter.
- The data will be released on 28 February 2025.
- The expectations around the GDP numbers for the third quarter are high, as it might give a clearer picture of the country's growth.
- The annual growth projection for FY2024-25 is currently at 6.4%, a 4-year low, and a weaker GDP growth in the third quarter could impact this projection.
HinduBusinessLine | 27 Feb, 2025
New India Cooperative Bank Fiasco: Depositors Move To PSU Banks
- Depositors of New India Cooperative Bank in Mumbai are moving their accounts to public sector banks like SBI due to lack of confidence in urban cooperative banks.
- RBI placed restrictions on New India Cooperative Bank, prompting customers to shift to safer options like SBI for services such as paying bills.
- RBI's actions against the bank included superseding the board, imposing loan bans, and halting deposit withdrawals, leading to customer dissatisfaction.
- Arrests related to embezzlement of funds were made, showcasing the challenges faced by urban cooperative banks like New India Cooperative Bank.
- With a history of financial troubles in cooperative banks, depositors are wary and transitioning their accounts to more stable institutions.
- The scenario highlights a lack of faith in urban cooperative banks, with past instances like PMC Bank's downfall adding to the concerns.
- RBI's regulatory powers under Section 35A have been utilized to protect depositors from bank failures and ensure banking stability.
- Consolidation efforts have been ongoing in the cooperative banking sector to address issues and strengthen the financial system.
- The decline in the number of urban cooperative banks over the years reflects challenges in the sector and the need for reforms to enhance stability.
- Depositors' reactions to risk events like the New India Cooperative Bank fiasco indicate a healthy vigilance towards banking operations.
Bloomberg Quint | 25 Feb, 2025
SBI Life Appoints Dorababu Daparti As Deputy CEO
- SBI Life Insurance appoints Dorababu Daparti as Deputy CEO.
- Daparti has three decades of experience in the financial industry and started his career with the State Bank of India in 1995.
- He has previously served as the country head and CEO of State Bank of India Maldives operations.
- Shares of SBI Life closed 0.6% lower at Rs 1,486.50 apiece.
Bloomberg Quint | 24 Feb, 2025
Stock Recommendations Today: SBI, IndiGo, Federal Bank And M&M On Brokerages' Radar
- Stock recommendations for SBI, IndiGo, Federal Bank, and M&M were highlighted by various brokerages.
- Analysts from Nomura, Morgan Stanley, and Jefferies provided insights on India GDP, Federal Bank, NBFCs, and market strategy.
- Notable recommendations include Morgan Stanley maintaining 'underweight' rating on Federal Bank with a target price of Rs 170.
- Nomura predicts GDP growth of 5.8% in the third fiscal quarter and expects RBI to cut rates by 75 basis points.
- Morgan Stanley highlighted RBI's proposal on foreclosure charges for loans, potentially impacting industry profitability.
- Jefferies suggested a short-term bounce in Nifty 50 and recommended stocks like Adani Ports, Mahindra & Mahindra, and others for growth.
- Citi maintained a 'buy' rating for IndiGo, anticipating improved demand and raised target price to Rs 5,200.
- Incred downgraded SBI to 'hold' from 'add' with a reduced target price, citing lower return ratios and impact of repo rate cuts.
- Jefferies maintained a 'buy' rating on M&M, foreseeing limited impact from Tesla's entry and encouraging electric vehicle orders.
- The market outlook is optimistic on certain stocks despite challenges, emphasizing growth potential and varying industry impacts.
Bloomberg Quint | 24 Feb, 2025
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State Bank of India Subsidiaries
SBI Capital Markets
3.8
• 268 reviews
SBI Global Factors
3.2
• 34 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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