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State Bank of India
3.8
based on 4k 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 4k 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
278 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 4k reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
2k
4
800
3
501
2
241
1
415
Category Ratings
4.1
Job security
3.8
Salary
3.7
Skill development
3.5
Company culture
3.5
Promotions
3.5
Work satisfaction
3.4
Work-life balance
State Bank of India is rated 3.8 out of 5 stars on AmbitionBox, based on 4k 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 3.6k reviews
3.8
Rated by 856 Women
Rated 4.1 for Job security and 3.8 for Skill development
3.8
Rated by 2.8k Men
Rated 4.1 for Job security and 3.8 for Salary
Work Policy at State Bank of India
based on 478 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
+ 5 more
Compare State Bank of India with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 4k reviews | 4.0/5 based on 39.2k reviews | 3.9/5 based on 41k reviews | 3.7/5 based on 26.4k 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 856 women | 3.9 Good rated by 10.4k women | 3.7 Good rated by 8.7k women | 3.6 Good rated by 5.7k women |
Rating by Men Employees | 3.8 Good rated by 2.8k men | 4.0 Good rated by 27k men | 3.9 Good rated by 30.3k men | 3.8 Good rated by 19.6k 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 4k employees.
Deputy Manager
(614 salaries)
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₹7.2 L/yr - ₹28 L/yr
Chief Manager
(370 salaries)
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₹15 L/yr - ₹50 L/yr
Branch Manager
(314 salaries)
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₹9 L/yr - ₹30.4 L/yr
Assistant General Manager
(201 salaries)
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₹15 L/yr - ₹55 L/yr
Assistant Vice President
(197 salaries)
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₹5.7 L/yr - ₹16 L/yr
Relationship Manager
(186 salaries)
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₹2.5 L/yr - ₹13 L/yr
Sales Executive
(167 salaries)
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₹1 L/yr - ₹4.7 L/yr
Probationary Officer
(156 salaries)
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₹5 L/yr - ₹18.7 L/yr
FOS Executive
(118 salaries)
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₹1.9 L/yr - ₹3.6 L/yr
Branch Relationship Executive
(112 salaries)
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₹1 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 Manager
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Data Scientist
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Deputy Manager
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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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Deputy General Manager
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State Bank of India News
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Top gainers & losers today, April 8: Bajaj Finance, SBI, Bajaj Finserv, Power Grid, Titan
- The Indian stock market rebounded sharply, with Sensex gaining over 1,000 points amid a global relief rally.
- Top gainers for the day were Bajaj Finance, SBI, Bajaj Finserv, Larsen & Toubro, and Titan Company.
- Bajaj Finance led the rally, jumping 3.29%, followed by SBI, which rose 3.21%.
- Power Grid Corporation of India was the only notable laggard among Nifty constituents, slipping 0.14%.
HinduBusinessLine | 8 Apr, 2025
Nifty bank prediction today – April 8, 2025: Stuck within two key levels
- Nifty Bank stocks, except HDFC Bank, show positive movement.
- SBI and Axis Bank are the top gainers in the index, with 1.7% and 1.3% growth respectively.
- Nifty Bank futures are currently trading at around 50,450, up 0.7%.
- The Nifty Bank futures contract is stuck between the support level at 50,300 and the resistance level at 51,000, pointing towards an uncertain trend.
HinduBusinessLine | 8 Apr, 2025
SBI economists expect 75-100 bps cumulative policy rate reduction by March 2026
- SBI economists expect 75-100 bps cumulative policy rate reduction by March 2026.
- Retail inflation is expected to come down to 3.8% in Q4 FY25 and average at 4.6% in FY25.
- A 100 bps cut in repo rate is expected from February 2025 to March 2026, with the possibility of a 25 bps cut in February 2025 and an additional 75 bps cut in the rest of FY26.
- Deposit mobilization and benchmarking stable bulk deposits with alternate reference rates are identified as challenges.
HinduBusinessLine | 8 Apr, 2025
RBI Monetary Policy Meeting April 2025: Date, Time, Expectations And Live Streaming Details
- Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will hold its first meeting of FY 2025-26 between April 7 and April 9, with the decision on the repo rate to be announced on April 9.
- In the previous meeting, the MPC reduced the repo rate by 25 basis points (bps) from 6.5% to 6.25%.
- There are expectations for a further rate cut of 25 bps in the April meeting, as mentioned in a report by the State Bank of India (SBI).
- The RBI Governor Sanjay Malhotra's speech will be live-streamed on the RBI's social media accounts, including Facebook, and on RBI's YouTube channel.
Bloomberg Quint | 7 Apr, 2025
Stablecoin adoption grows with new US bills, Japan’s open approach
- Stablecoins like FDUSD, USD1, and USDT are making headlines with issues like depegging and regulatory concerns.
- In the US, the STABLE Act and GENIUS Act are significant stablecoin regulatory proposals under consideration.
- First Digital's FDUSD stablecoin briefly depegged due to claims of insolvency by Justin Sun, refuted by the issuer.
- Trump's WLFI project launched a US dollar-pegged stablecoin, drawing criticism and concerns from political opponents.
- Coinbase CEO Brian Armstrong's proposal to offer interest on stablecoin holdings faces resistance in Congress.
- European exchanges like Binance are delisting stablecoins to comply with the EU's MiCA regulatory package passed in 2023.
- Stablecoins are seeing significant capital inflows as they are viewed as safe havens amid market uncertainties.
- Firms in Japan are exploring stablecoin launches as the government becomes more open to stablecoin transactions.
- Japanese companies like SBI and Sumitomo Mitsui Financial Group are planning to issue dollar and yen-backed stablecoins.
- Stablecoin adoption and regulations are evolving rapidly globally, impacting the crypto market landscape.
Coin Telegraph | 4 Apr, 2025
Stablecoin adoption grows with new US bills, Japan’s open approach
- Stablecoins like FDUSD, USD1, and Tether are making headlines with various developments in the US, Europe, and Japan.
- The US House of Representatives is set to vote on the STABLE Act, a bill focusing on stablecoin regulations and transparency.
- First Digital's FDUSD stablecoin briefly depegged due to claims of insolvency by Tron network founder Justin Sun.
- Trump's WLFI project has launched a US dollar-pegged stablecoin, facing criticism from political opponents.
- Coinbase CEO Brian Armstrong aims to offer interest on stablecoin holdings, but faces resistance in Congress.
- Binance and other exchanges in Europe are delisting certain stablecoins to comply with EU regulations like MiCA.
- Stablecoins are seeing increased capital inflows, regarded as safe havens amid market uncertainties.
- Japan is witnessing a rise in stablecoin adoption as firms like SBI and Sumitomo Mitsui Financial Group show interest.
- The development of strategies for issuing dollar and yen-backed stablecoins in Japan has gained traction among financial firms.
- Overall, stablecoin adoption and regulatory developments are shaping the future of cryptocurrency markets globally.
Coin Telegraph | 4 Apr, 2025
SBI Gets UBS Upgrade, Target Price Hike On Multiple Positive Triggers
- State Bank of India (SBI) stock receives rating upgrade and price target hike by UBS
- UBS expects improved liquidity, income tax rebates, and 8th pay commission recommendations to boost SBI's loan and deposit growth
- SBI's cost of deposits expected to decrease slightly due to surplus liquidity
- SBI's loan growth estimates raised, credit cost estimate reduced by UBS
Bloomberg Quint | 4 Apr, 2025
SBI PO Prelims Result 2025 Expected Soon, Steps To Check Scorecard
- The SBI PO Prelims examinations 2025 were conducted on Mar. 8, 16 and 24.
- The SBI PO prelims exam results 2025 will be announced soon and will be available on the official website.
- To check the SBI PO Prelims Exam Results 2025, candidates need to log in to the official website and enter their registration/roll number and other required details.
- Candidates who clear the SBI PO prelims exam will be eligible to appear in the mains examination of the recruitment process.
Bloomberg Quint | 4 Apr, 2025
Stock Recommendations Today: Tata Motors, SBI, Vodafone Idea On Brokerages' Radar
- Top companies like Tata Motors, SBI, and Vodafone Idea are under brokerages' focus for stock recommendations.
- JPMorgan is cautious about Indian IT, suggesting potential buying opportunities in tier 1 names earlier and being cautious on midcaps amid a weak outlook for financial year 2026.
- BofA prefers domestic rate-sensitive sectors like financials and autos over global cyclicals, maintaining a cautious stance due to additional market risks.
- Jefferies anticipates no major adverse impact from reciprocal tariff announcements on sectors like IT services, pharma, and autos, hinting towards opportunities in pharma despite the weakening US economic outlook.
- Brokerages give insights on various companies like HDFC Bank, Tata Motors, Vodafone Idea, and Bajaj Finance, providing ratings, target prices, and growth expectations.
- UBS upgrades SBI to 'neutral', lowers the target price for Tata Motors, and predicts a challenging year for IndusInd Bank.
- Macquarie maintains 'underperform' ratings for companies like Vodafone Idea and Avenue Supermarts, highlighting concerns around the businesses' performance and competition.
- HSBC initiates coverage on Ventive Hospitality with a 'buy' rating, emphasizing its recent recovery and strengths in balance sheet and cash flows.
- Morgan Stanley provides ratings and target prices for companies like RBL Bank, Aditya Birla Fashion, and L&T Finance, reflecting on market share, growth prospects, and strategic shifts.
- Overall, the article covers a range of stock recommendations and insights from various brokerages on key companies and sectors, providing a comprehensive view of the current market trends and recommendations.
Bloomberg Quint | 4 Apr, 2025
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SBI Likely To Review Exposures To US Tariff-Affected Sectors
- State Bank of India (SBI) is planning to review its exposures on sectors affected by the new 26% tariff on Indian imports imposed by the US government.
- The bank will assess the impact of these tariffs on information technology services, textiles, steel, cement, and the automobile sector.
- SBI has limited exposure to these sectors, with home loans having the largest share in the bank's total advances.
- The review will be conducted in the April-June quarter to evaluate the profitability of companies in these sectors.
Bloomberg Quint | 3 Apr, 2025
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State Bank of India Subsidiaries
SBI Capital Markets
3.8
• 284 reviews
SBI Global Factors
3.0
• 35 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 4,000+ 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 4,000+ employee reviews on AmbitionBox.
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