Finance Minister Nirmala Sitharaman congratulated the State Bank of India (SBI) on completing 70 years of service since its establishment in 1955. She lauded the bank’s nationwide presence, digital innovation, and inclusive role in empowering farmers, MSMEs, women, and underprivileged communities.

Key Points:

1. SBI marked its 70th anniversary on July 1, 2025, completing seven decades of banking services since its formation in 1955.
2. FM Sitharaman praised SBI’s vast network of over 23,000 branches, 78,000 Customer Service Points, and 64,000 ATMs across India.
3. The Finance Minister highlighted SBI’s digital transformation, which has significantly enhanced accessibility and customer convenience over the last decade.
4. SBI supports key sections of society, including 1.5 crore farmers, 1.3 crore women-led SHGs, 23 lakh MSMEs, and 32 lakh street vendors through various schemes.
5. FM expressed confidence that SBI will continue driving financial inclusion and innovation in pursuit of a developed India (Viksit Bharat) by 2047.