Current Affairs - Banking - Discussion

The State Bank of India (SBI) achieved a landmark milestone by surpassing $100 billion in market capitalisation and ₹100 trillion in total business, marking a historic first in India’s banking history. This achievement highlights SBI’s dominant position in retail, SME, and corporate lending, backed by strong Q2 FY26 financial performance and 12.7% year-on-year credit growth. With total deposits around ₹55.9 lakh crore and advances of ₹44.2 lakh crore, SBI’s robust digital transformation, improving asset quality, and investor confidence have propelled it into the elite global banking league. Headquartered in Mumbai, SBI continues to be the backbone of India’s financial ecosystem.