Sat Mar 08 15:52:50 UTC 2025: ## SBI Celebrates Platinum Jubilee Amidst Calls for Continued Innovation

**New Delhi, [Date]** – Finance Minister Nirmala Sitharaman today lauded State Bank of India (SBI) for its seven decades of service and urged the banking sector to remain at the forefront of innovation in a rapidly changing global environment. Speaking at SBI’s Platinum Jubilee celebrations, Sitharaman expressed confidence in SBI’s ability to leverage technology, sustainability, and inclusivity to maintain its market leadership.

Sitharaman highlighted SBI’s remarkable growth, noting its evolution to meet changing regulatory landscapes and its current position as the largest commercial bank in the world’s most populous nation, serving approximately 5.6% of the global population. She emphasized SBI’s ongoing efforts to reinvent its distribution channels to better serve evolving customer needs and its commitment to superior value creation through sustainable growth.

The Minister cited SBI’s strategic focus on enhancing operational excellence across lending, asset quality, profitability, and capital generation, underpinned by investments in infrastructure, a robust monitoring framework, and a strong talent pool. SBI’s impressive growth trajectory was underscored by its current customer base of over 510 million, total business exceeding ₹87 lakh crore, and a workforce exceeding 237,000 employees. The Minister concluded by reiterating her belief in SBI’s continued success driven by its adaptation and commitment to innovation.

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