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State Bank of India

India’s largest public sector lender, the State Bank of India on Thursday announced over social media that it crossed about 50 crore customers, making it a monumental milestone for the bank.

“The Banker to Every Indian celebrates a monumental milestone: 50 crores+ customers and still counting,” SBI wrote in a social post on the LinkedIn platform.

“We extend our heartfelt gratitude to our Customers, Employees and all other Stakeholders. Your unwavering trust and commitment have propelled us to new heights. Wishing many more milestones together,” it added.

Further, the bank’s Chairman, Dinesh Khara upon achieving this milestone thanked the bank’s customers.

“We’re dedicated to providing exceptional banking solutions and extend our heartfelt gratitude to all who have contributed to our continued growth and success,” Khara stated.

Additionally, the bank surpassed IT major Infosys to become the country’s fifth most valued firm by market valuation on Wednesday.

At the end of trading session of Wednesday, the market capitalisation of SBI stood at Rs 6,88,578.43 crore, which is Rs 1,228.48 crore more than Infosys’ Rs 6,87,349.95 crore valuation.

In the ranking of top 10 most valued firms, Reliance Industries continued to rule the chart followed by Tata Consultancy Services, HDFC Bank, ICICI Bank, SBI, Infosys, Life Insurance Corporation of India, Bharti Airtel, Hindustan Unilever and ITC.

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  • Published On Feb 22, 2024 at 11:10 AM IST

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