SBI to expand with 600 branches
ECONOMY & POLICY

SBI to expand with 600 branches

The State Bank of India (SBI) plans to add 600 new branches to its vast network during the financial year 2024-2025 (FY25), as announced by Chairman Dinesh Khara. This move is part of the bank's ongoing strategy to expand its presence and strengthen its customer service network across the country. The new branches aim to cater to the growing banking needs of both urban and rural areas, ensuring greater financial inclusion and accessibility for more people.

SBI’s decision to expand comes at a time when the Indian banking sector is experiencing significant digital transformation. However, the bank believes that physical branches still play a crucial role, especially in semi-urban and rural regions where personal interactions and branch banking services remain essential. By increasing its physical presence, SBI intends to bridge the gap between digital and traditional banking, offering a blend of technology-driven and personalized banking experiences.

This expansion plan is aligned with SBI’s broader vision of improving financial accessibility, expanding its product offerings, and staying competitive in the market. The addition of these branches will also contribute to job creation, providing employment opportunities in the banking sector.

Furthermore, this initiative is expected to enhance SBI’s customer base, offering services such as savings accounts, loans, and other financial products to a larger audience. With the continued focus on branch expansion, SBI aims to reinforce its position as India’s largest public-sector bank and maintain its leadership in the financial services industry.

The State Bank of India (SBI) plans to add 600 new branches to its vast network during the financial year 2024-2025 (FY25), as announced by Chairman Dinesh Khara. This move is part of the bank's ongoing strategy to expand its presence and strengthen its customer service network across the country. The new branches aim to cater to the growing banking needs of both urban and rural areas, ensuring greater financial inclusion and accessibility for more people. SBI’s decision to expand comes at a time when the Indian banking sector is experiencing significant digital transformation. However, the bank believes that physical branches still play a crucial role, especially in semi-urban and rural regions where personal interactions and branch banking services remain essential. By increasing its physical presence, SBI intends to bridge the gap between digital and traditional banking, offering a blend of technology-driven and personalized banking experiences. This expansion plan is aligned with SBI’s broader vision of improving financial accessibility, expanding its product offerings, and staying competitive in the market. The addition of these branches will also contribute to job creation, providing employment opportunities in the banking sector. Furthermore, this initiative is expected to enhance SBI’s customer base, offering services such as savings accounts, loans, and other financial products to a larger audience. With the continued focus on branch expansion, SBI aims to reinforce its position as India’s largest public-sector bank and maintain its leadership in the financial services industry.

Next Story
Infrastructure Transport

Nine Years on Operations from Bathinda Airport Yet to Take Off

Nearly nine years after its inauguration, Bathinda airport in Punjab’s southwest continues to face limited air connectivity and low utilisation of its routes. Situated in Virk Kalan village, around 30 kilometres from Bathinda city, the airport currently operates only two routes—Delhi and Hindon in Noida.While the Delhi route has shown relatively better passenger numbers, the Hindon route records low occupancy, according to official data. Alliance Air runs the Delhi service with a 48-seater aircraft and occasionally deploys a 72-seater when demand increases. Flybig, which operates a 19-seat..

Next Story
Infrastructure Transport

User Traffic Surges on Chennai Airport's Free Wi-Fi Service

The newly introduced free Wi-Fi service at Chennai airport has seen a steady increase in user engagement, with logins rising from 421 on the launch day, June 26, to 636 by the following Saturday. Passengers are allowed up to 500 MB of data or 45 minutes of free internet usage, whichever limit is reached first.Indian travellers can access the service through OTP verification, while foreign nationals are required to scan their passports and tickets at designated kiosks to gain access. With approximately 18,000 international passengers passing through the airport daily, the facility caters to a l..

Next Story
Building Material

Steel Ministry Issues Clarification on Quality Control Order

The Ministry of Steel has issued a clarificatory order dated 13th June 2025 regarding the enforcement of existing Quality Control Orders (QCOs) under the Bureau of Indian Standards (BIS). Although 151 BIS Standards have already been brought under QCOs, with the last such order issued in August 2024, no new QCO has been released since then. The recent order aims to clarify that intermediate materials used in the manufacture of final steel products must also comply with the relevant BIS Standards.This clarification was deemed necessary to ensure parity between domestic and imported steel product..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?