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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
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 3.9k 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
Sopra Steria
Rated 
4 for Job Security by our employees on AmbitionBox
4 for Job Security by our employees on AmbitionBoxSecure your future with a company that values your job stability.
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
775
3
485
2
237
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 829 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 446 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
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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 38.3k reviews  | 3.9/5 based on 39.8k reviews | 3.8/5 based on 25.6k 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 829 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 29.5k men | 3.8 Good rated by 18.9k men |
Job security | 4.1 Good | 4.1 Good | 4.0 Good | 3.7 Good |
View more
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
(524 salaries)
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₹7.2 L/yr - ₹28 L/yr
Chief Manager
(365 salaries)
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₹15 L/yr - ₹50 L/yr
Branch Manager
(289 salaries)
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₹8 L/yr - ₹33.4 L/yr
Assistant General Manager
(202 salaries)
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₹15 L/yr - ₹52.3 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
(172 salaries)
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₹5 L/yr - ₹20 L/yr
Probationary Officer
(152 salaries)
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₹5 L/yr - ₹18.7 L/yr
Relationship Manager Wealth Management
(124 salaries)
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₹4.3 L/yr - ₹13.5 L/yr
FOS Executive
(113 salaries)
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₹1.9 L/yr - ₹3.5 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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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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Buy, Sell Or Hold: RIL, CDSL, Wipro, SBI, IRFC, LIC Housing Finance — Ask Profit
- Analysts shared insights on the share prices of Bajaj Housing Finance, Wipro, MOIL, LIC Housing Finance, Indian Railway Finance Corp (IRFC), State Bank Of India (SBI), Reliance Industries (RIL), Central Depository Services (CDSL), Jio Financial Services.
- Reliance Industries (CMP: Rs 1,175.60) - Sharma: Hold. Stock has come down to crucial support levels. Expecting recovery with levels rising to Rs 1,320 in the next couple of weeks.
- Central Depository Services (CMP: Rs 1,139) - Chowdhury: Hold. CDSL's stock has been impacted by falling markets. Growing trends like return on equity and return on capital employed have been fantastic.
- MOIL (CMP: Rs 322.80) - Sharma: Buy. Stock is trading close to its support levels. See the stock heading towards Rs 375 and beyond in the near-term.
- Jio Financial Services (CMP: Rs 217.10) - Chowdhury: Hold. Sees numbers coming in from a one to two-year perspective. Does not see capital as an issue for Jio Financial Services in terms of expansion. May buy more shares at the current market price.
- Wipro (CMP: Rs 730.35) - Sharma: Buy. See stock outperforming its peers. Expect share price to rise up to Rs 400 by the end of the year.
- State Bank Of India (CMP: Rs 730.35) - Chowdhury: Buy. May expect returns of 20% to 25% per annum in the next two years. Trading at a good valuation with deep value in its subsidiaries.
- LIC Housing Finance (CMP: Rs 520.55) - Sharma: Hold. Sees the stock rising up to Rs 600 in the coming weeks. Chowdhury: Hold. Valuation of the stock is attractive. Housing finance companies are expected to benefit from the expected rate cuts.
- Bajaj Housing (CMP: Rs 112.24) - Chowdhury: Sell. Stock is on the expensive side for its price-to-book multiple. Better players in terms of valuation available in the housing space.
- Indian Railway Finance Corp (CMP: Rs 117.73) - Chowdhury: Sell. Valuation is on the expensive side, advisable to book profits. Earnings have consistently been flat, and the price to book ratio is trading at four times.
Bloomberg Quint | 6 Mar, 2025
USDC Booms As Circle Gets Approval To Operate In Japan And UAE
- USDC, the global dollar stablecoin, has received approval for use in Japan and Dubai.
- Circle, the issuer of USDC, has partnered with SBI to offer USDC to Japanese investors.
- USDC and EURC, another stablecoin, have been recognized by the Dubai Financial Services Authority.
- The regulatory approval of USDC in Japan and Dubai boosts Circle's global stablecoin adoption and poses a challenge to Tether's USDT.
99Bitcoins | 5 Mar, 2025
SBI, HDFC Bank, Bank Of Baroda, ICICI Bank: Check Latest Interest Rates From These Top Banks
- The latest personal loan interest rates from SBI, HDFC Bank, Bank of Baroda, and ICICI Bank are as follows:
- HDFC Bank: 10.85% to 24% (processing fee of Rs 6,500)
- ICICI Bank: 10.85% to 16.65% per annum (processing fee of up to 2% + tax)
- Bank of Baroda: 12.15% to 18.50% (for private sector employees)
Bloomberg Quint | 5 Mar, 2025
Bifrost Expands BTCFi in Japan With FAJ Membership
- Bifrost Network joins FAJ to expand BTCFi in Japan, collaborating with major fintech players like SBI, PayPal, and Sumitomo Mitsui.
- The entrance of Bifrost into the FAJ strengthens ties with fintech leaders and opens doors for improved infrastructure and general acceptability of BTCFi in Japan.
- Nansen joins as a validator node for Bifrost Network, enhancing the network's reliability, transparency, and security.
- Japan holds potential for BTCFi innovation and is showing flexibility in supporting the growth of stablecoins and other cryptocurrencies, making it a promising market for Bifrost.
Crypto-News-Flash | 5 Mar, 2025
SBI’s crypto arm to support USDC as Japan softens stablecoin rules
- The cryptocurrency subsidiary of Japanese financial conglomerate, SBI, is preparing to support Circle's USDC stablecoin.
- SBI VC Trade has completed the first registration related to stablecoin transactions, allowing the firm to process USDC transactions.
- SBI VC Trade is expected to become one of the pioneering financial platforms in Japan to offer cryptocurrency trading in USDC.
- SBI VC Trade plans to launch a USDC trading trial for selected users on March 12, with a full-scale rollout expected in the near future.
Coin Telegraph | 4 Mar, 2025
Ripple Partner SBI Backs USDC as Japan Eases Stablecoin Rules—Will RLUSD Be Next?
- SBI VC Trade, the crypto services arm of SBI Group, Ripple’s partner, is set to include support for Circle’s USDC stablecoin.
- SBI VC Trade will become the first Japanese financial platform to offer crypto trading in USDC.
- SBI’s support for USDC ensures customers access to a regulated digital asset and promotes an efficient means of electronic payments.
- There are speculations about whether SBI will consider supporting Ripple’s stablecoin, RLUSD, in the future.
Crypto-News-Flash | 4 Mar, 2025
SBI’s crypto arm to support USDC as Japan softens stablecoin rules
- SBI VC Trade, a cryptocurrency subsidiary of Japanese financial conglomerate SBI, plans to support Circle's USDC stablecoin as local regulators ease stablecoin rules.
- After completing its first registration related to stablecoin transactions, SBI VC Trade expects to be among the first platforms in Japan to offer USDC trading.
- The platform will launch a USDC trading trial for selected users on March 12 and aims for a full-scale USDC rollout in the near future.
- SBI VC Trade's move comes as Japan recently lifted the ban on foreign stablecoins, and the Financial Services Agency expressed support for stablecoin transactions in the country.
Coin Telegraph | 4 Mar, 2025
Jio Financial to acquire SBI’s stake in payments bank joint venture
- Jio Financial Services Ltd has approved the acquisition of SBI's stake in their payments bank joint venture.
- The acquisition is for 7,90,80,000 equity shares and the value is approximately $12.5 million.
- The transaction is pending regulatory approval from the Reserve Bank of India and is expected to be completed within 45 days.
- Jio Financial Services aims to expand its presence in India's digital financial services market.
HinduBusinessLine | 4 Mar, 2025
Jio Financial Services To Buy SBI’s Stake In Jio Payments Bank For INR 105 Cr
- Jio Financial Services (JFS) is acquiring SBI's stake in Jio Payments Bank for INR 105 Cr.
- JFS, currently owning 82.17% of Jio Payments Bank, will buy SBI's stake.
- The acquisition is subject to regulatory approval from the Reserve Bank of India.
- JFS expects the acquisition to be completed within 45 days of RBI's approval.
Inc42 | 4 Mar, 2025
SBI To Exit Jio Payments Bank After Selling Stake To Jio Financial
- Jio Financial Services Ltd. has acquired 7.9 crore shares of Jio Payments Bank from State Bank of India for Rs 104 crore.
- After the acquisition, Jio Payments Bank will become a wholly-owned subsidiary of Jio Financial Services.
- SBI approved the divestment of its entire stake in Jio Payments Bank to Jio Financial Services.
- SBI's decision to exit Jio Payments Bank is due to conflict-of-interest issues.
Bloomberg Quint | 4 Mar, 2025
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State Bank of India Subsidiaries
SBI Capital Markets
3.8
• 270 reviews
SBI Global Factors
3.1
• 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 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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