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State Bank of India
3.9
based on 4.3k Reviews
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
3.9/5
based on 4.3k reviews
3% above
industry average
Highly rated for
Job security, Salary, Skill development
Work Policy
Work from office
81% employees reported
Monday to Saturday
45% employees reported
Strict timing
65% employees reported
Within city
43% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
278 employees reported
Health insurance
182 employees reported
Professional degree assistance
118 employees reported
Office cab/shuttle
104 employees reported
View all benefits
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 4.3k reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
2.2k
4
856
3
540
2
258
1
454
Category Ratings
4.0
Job security
3.8
Salary
3.8
Skill development
3.6
Company culture
3.5
Work-life balance
3.5
Promotions
3.5
Work satisfaction
State Bank of India is rated 3.9 out of 5 stars on AmbitionBox, based on 4.3k 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 3.9k reviews
3.9
Rated by 948 Women
Rated 4.1 for Job security and 3.8 for Salary
3.8
Rated by 3k Men
Rated 4.0 for Job security and 3.8 for Salary
Work Policy at State Bank of India
based on 576 reviews in last 6 months
Work from office
81%
Permanent work from home
11%
Hybrid
8%
State Bank of India Reviews
Top mentions in State Bank of India Reviews
+ 5 more
Compare State Bank of India with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 4.3k reviews | 4.0/5 based on 42.4k reviews | 3.8/5 based on 44.1k reviews | 3.7/5 based on 28.6k reviews  |
Highly Rated for | Job security Skill development Salary | Job security Skill development Work-life balance | 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 81% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 3.9 Good rated by 948 women | 3.9 Good rated by 11.2k women | 3.7 Good rated by 9.5k women | 3.6 Good rated by 6.2k women |
Rating by Men Employees | 3.8 Good rated by 3k men | 4.0 Good rated by 29.3k men | 3.9 Good rated by 32.6k men | 3.7 Good rated by 21.3k men |
Job security | 4.0 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 4.3k employees.
Deputy Manager
(565 salaries)
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₹13.4 L/yr - ₹21 L/yr
Chief Manager
(378 salaries)
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₹25.5 L/yr - ₹46.5 L/yr
Branch Manager
(299 salaries)
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₹15.2 L/yr - ₹25.5 L/yr
Relationship Manager
(208 salaries)
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₹3.2 L/yr - ₹12.7 L/yr
Assistant General Manager
(202 salaries)
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₹27.5 L/yr - ₹45.3 L/yr
Assistant Vice President
(192 salaries)
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₹7.8 L/yr - ₹14.9 L/yr
Probationary Officer
(139 salaries)
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₹11.4 L/yr - ₹20.4 L/yr
FOS Executive
(130 salaries)
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₹1.9 L/yr - ₹3.6 L/yr
Branch Relationship Executive
(111 salaries)
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₹1.5 L/yr - ₹4 L/yr
Sales Executive
(104 salaries)
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₹1.3 L/yr - ₹4 L/yr
State Bank of India Interview Questions
State Bank of India Jobs
Popular Designations State Bank of India Hires for
Data Scientist
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Officer
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Chief Officer
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Popular Skills State Bank of India Hires for
Current Openings
State Bank of India News
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MTNL Defaults on Rs 8585 Crore Payment to PSU Banks
- Mahanagar Telephone Nigam Limited (MTNL) has defaulted on a payment of Rs 8,584.93 crore to seven PSU banks, including Union Bank of India, Bank of India, and State Bank of India.
- The highest amount of Rs 3,733.22 crore is due to Union Bank of India, followed by Rs 1,121 crore to Bank of India. Total financial debt of MTNL amounts to Rs 34,484 crore.
- Out of the total debt, Rs 8,585 crore is owed to the banks, Rs 24,071 crore in sovereign guaranteed bonds, and Rs 1,828 crore to the Department of Telecommunications for servicing bond interests.
- MTNL's market share is declining, and customers are disconnecting services, raising concerns about the banks' ability to recover the due amount. MTNL's shares dropped by 4.80% following the default announcement.
Telecomtalk | 16 Jul, 2025
More risk, more reward? Fund houses line up long-short equity products for HNIs
- Mutual funds in India can now offer long-short equity funds under a new category called 'Specialised Investment Fund' with a minimum investment size of ₹10 lakhs.
- ICICI Prudential, Quant, SBI, and ITI Mutual Fund are approved to launch long-short equity products, while Edelweiss and Mirae Asset are awaiting approval for their respective funds.
- Asset managers in India are exploring SIFs to diversify offerings and attract sophisticated investors, potentially increasing institutional participation in derivatives markets.
- Despite the potential for reduced speculation, institutional participation in derivatives remains low in India, with proprietary traders dominating the market.
HinduBusinessLine | 16 Jul, 2025
Best Shopping Credit Cards For July 2025: Check Features, Charges And More
- Shopping credit cards can offer significant rewards and savings tailored to your spending habits.
- Top shopping credit cards for July 2025 include Amazon Pay ICICI Bank Credit Card, HDFC Bank Millennia Credit Card, SBI Cashback Credit Card, Tata Neu Infinity HDFC Bank Credit Card, and HDFC Regalia Gold Credit Card.
- Features of these cards include cashback offers on online and offline transactions, rewards points on specific purchases, and discounts on select platforms.
- Choosing the right credit card involves evaluating your spending patterns, comparing fees, and ensuring the rewards align with your shopping needs.
Bloomberg Quint | 16 Jul, 2025
Five Stocks To Buy: SBI, Suzlon, Wipro Among Others
- Market experts have recommended top stock picks on Wednesday spanning across banking, energy, IT, and healthcare sectors.
- Shrikant Chouhan suggests buying State Bank of India (SBI) with a target price range of Rs 835 to Rs 845, and Suzlon Energy Ltd. with a target price of Rs 71.
- Osho Krishan recommends Petronet LNG Ltd. with a target price range of Rs 310 to Rs 312, Max Healthcare Ltd. with a target price of Rs 1,295, and Central Depository Services India Ltd. with a target price of Rs 1,755.
- The eligible stocks mentioned are SBI, Suzlon Energy, Petronet LNG, and Max Healthcare; however, Central Depository Services India shows a downside potential according to the recommendations.
Bloomberg Quint | 16 Jul, 2025
Ripple’s XRP Is ‘Generational Wealth,’ Says Top SBI Executive
- SBI CEO, Tomoya Asakura, believes XRP adoption will increase as global banks integrate Ripple-based payment solutions.
- As XRP's market cap nears $170 billion, its value surges, trading close to $3, outperforming the broader crypto market recently.
- Ripple's partnership with BNY Mellon for RLUSD stablecoin and US banking license bid indicate a focus on global payment systems and increased XRP adoption.
- SBI's significant ties with Ripple and upcoming ETF decisions in July signal growing institutional demand for XRP exposure.
Cryptopotato | 14 Jul, 2025
Stocks To Watch Today: Wockhardt, RVNL, SBI, Tata Motors, HUL, Religare Enterprises, VIP Industries
- Stocks to watch today include Wockhardt, RVNL, SBI, Tata Motors, HUL, Religare Enterprises, VIP Industries, Sula Vineyards, and Akzo Nobel India.
- Notable corporate announcements after Friday's market hours cover various sectors like pharmaceuticals, automotive, real estate, and more.
- Key updates include strategic realignment by Wockhardt, recall by Jaguar Land Rover, stake sale by VIP Industries, and order receipt by RVNL.
- The news article contains updates on other companies like IRB Infrastructure Developers, HUL, Castrol India, Sula Vineyards, and Religare Enterprises.
Bloomberg Quint | 14 Jul, 2025
As XRP Rallies, SBI Chief Hails It as Defining Asset of This Generation
- SBI CEO hails XRP as defining asset of this generation, emphasizing its global adoption and utility.
- XRP's market surge near $3 and increasing market cap to nearly $170 billion attributed to rising interest from banks and institutions.
- Ripple's strategic role in cross-border finance expected to strengthen with deepening ecosystem integrations.
- Ripple's collaboration with BNY Mellon for RLUSD stablecoin custody and application for U.S. banking license seen as steps towards global payment infrastructure and institutional adoption of XRP.
Coindoo | 13 Jul, 2025
How To Get Maximum Benefit Of Repo-Rate Change: Should You Refinance Your Home Loan?
- The recent repo rate cut by the Reserve Bank of India has led to reductions in home loan EMIs for existing borrowers, as banks adjust their lending rates.
- Banks like Bank of Baroda, Punjab National Bank, Bank of India, Indian Bank, UCO Bank, and SBI have already decreased their lending rates benefiting borrowers with floating-rate home loans.
- Repo rate adjustments impact EMIs directly for floating-rate home loans, with changes in repo rates leading to adjustments in lending rates and subsequent changes in monthly EMIs.
- Existing borrowers are advised to monitor their loan terms, assess lender responses to repo rate changes, and consider refinancing options to maximize savings amidst the shifting lending landscape.
Bloomberg Quint | 13 Jul, 2025
Five Stocks To Buy Today: SBI, Prestige, Paytm, Container Corp. Among Others
- Stocks recommended for buying today include SBI, Prestige Estate Projects Ltd., Paytm's operator One97 Communications, Container Corp. of India, and Glenmark Pharmaceuticals Ltd.
- Experts like Nilesh Jain, Aditya Agarwala, Shrikant Chouhan, and Ajit Mishra provided their 'buy' recommendations on these stocks based on market data.
- Specific recommendations include buying Concor, One97 Communications, Prestige Estate Projects, SBI, and Glenmark at their current market prices with respective stop loss and target prices.
- It's important to note that the views expressed are of the individual experts, and viewers are advised to consult with their own financial advisors before making investment decisions.
Bloomberg Quint | 11 Jul, 2025
Micro SIPs make a steady start though transaction costs are a concern
- SEBI's initiative to halve the minimum SIP investment to ₹250 has led to the success of micro SIPs, benefiting new and underserved investors.
- Leading fund houses like SBI MF, ICICI MF, HDFC MF, and others have introduced micro SIPs to tap into this market segment.
- While the potential for micro SIPs is significant, concerns remain about high transaction costs for fund houses until they reach a certain economic scale.
- SEBI has permitted MFs to use the Investor Education and Awareness Fund to offset some costs, with an expectation for AMCs to break even on small-ticket SIPs in two years.
HinduBusinessLine | 8 Jul, 2025
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State Bank of India Subsidiaries
SBI Capital Markets
3.7
• 330 reviews
SBI Global Factors
2.8
• 36 reviews
SBI DFHI
4.3
• 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 3.5 out of 5 based on 4,300+ employee reviews on AmbitionBox. 71% employees rated State Bank of India 4 or above, while 29% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the 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 and cons of working in State Bank of India?
Working at State Bank of India comes with several advantages and disadvantages. It is highly rated for job security, salary & benefits and skill development. However, it is poorly rated for work satisfaction, work life balance and promotions / appraisal, based on 4,300+ employee reviews on AmbitionBox.
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