Bank Index
State Bank of India
Universal bank · Mumbai, India
State Bank of India is the state-owned largest bank in India with a 23% share of banking assets, 23,270 branches and about 245,000 employees. It runs 245 overseas offices in 29 countries, including licensed subsidiaries SBI UK Ltd, SBI Canada Bank, SBI Mauritius and Nepal SBI Bank, plus branches in Bahrain, Bangladesh and the US. Business current accounts start at a INR 5,000 monthly average balance for the Regular variant and rise to INR 50 lakh for Rhodium. Trade finance through foreign offices covers letters of credit, guarantees, buyer's credit, factoring and UPAS. Digital services run on YONO, which had 87.7 million users in FY25 and takes planned downtime at annual closing.
- Legal name
- State Bank of India
- Regulated by
- Reserve Bank of India, PRA/FCA (UK, SBI UK Ltd), OSFI (Canada, SBI Canada Bank)
- Licence confirmed
- yes, on a regulator's own list
- Established
- 1955
- Website
- sbi.bank.in
Scores, 0 to 10
8.5Latin America, Africa & South Asia
SBI holds 23% of Indian banking assets, 23,270 branches and UPI, NEFT, RTGS and IMPS rails, plus subsidiaries in Nepal, Mauritius and Sri Lanka. · source
7.0Trade, manufacturing & import-export
Foreign offices issue LCs, standby LCs, guarantees, buyer's credit, factoring, UPAS and ECA-backed finance across 29 countries. · source
7.0Financial strength & stability
Investment grade Baa3 from Moody's and BBB- from S&P and Fitch, state ownership and D-SIB status, but ratings sit one notch above junk. · source
6.0United Kingdom
SBI UK Ltd is PRA and FCA authorised (FRN 757156) with 11 locations, Faster Payments, BACS and CHAPS, but pays 0.00% interest and needs GBP 10,000 average balance to waive the GBP 80 fee. · source
6.0Cross-border payments, FX and multi-currency accounts
245 overseas offices in 29 countries and SWIFT reach, but rupee outward remittances need LRS or FEMA paperwork and margins are unpublished. Corporate internet banking and foreign offices in 29 countries support cash management, but multi-currency pooling is not published. · source
5.5Lowest fees
Regular current account needs INR 5,000 monthly balance; NEFT up to INR 10,000 costs INR 1 online and RTGS INR 2 to 5 lakh costs INR 5. · source
5.5Business cards (Visa, Mastercard)
Corporate cards come from the separately listed SBI Card on Visa, including Corporate Purchase Cards and Corporate Virtual Cards with Visa IntelliLink spend analysis; fees and FX markup are not on the page. · source
5.0Canada
SBI Canada Bank is a Schedule II bank under the Bank Act and a CDIC member, serving mainly Indian diaspora businesses. · source
5.0Customer satisfaction
YONO SBI holds 4.0 stars from 3.06 million Google Play reviews with over 100 million downloads. · source
4.5Online businesses: e-commerce and SaaS
UPI, IMPS and merchant acquiring through SBI Payments serve Indian online sellers; no multi-currency collection accounts are offered. eTrade and eForex digitise trade and forex transactions and inward remittances can be credited to an EEFC account, but there is no API, Stripe integration or startup product. · source
4.0Asia-Pacific (SG, HK, AU, JP, KR)
SBI's 245 overseas offices in 29 countries include Asian branches such as 20 in Bangladesh, but no SME onboarding in Singapore or Hong Kong hubs is published. · source
4.0On-ramp: buy crypto with fiat
A March 2026 guide says SBI customers fund FIU-registered exchanges by UPI, IMPS, NEFT or RTGS, but SBI blocked crypto exchanges from receiving funds on its UPI platform in September 2021 and publishes no policy for business accounts, so the evidence is retail and mixed. · source
3.5United States
State Bank of India (California) has about ten branches in California and Washington DC, serving a narrow Indian corporate and diaspora base. · source
3.5Middle East & Gulf
SBI Bahrain runs two offices serving Indian corporates and remittances, with no GCC free-zone company onboarding published. · source
3.5Fast digital onboarding
Current accounts are opened at branches with KYC documents; SBI UK applicants submit a paper form and extra documents by business type. · source
3.5Startups & VC-backed companies
SBI accepts startups as regular SME clients with INR 5,000 minimum balance; no venture debt or startup unit is published. · source
3.5High-risk verticals (iGaming, cannabis, adult, forex)
No prohibited-industries policy for business accounts is published on the business pages; scored conservatively. · source
3.0Fintech companies that need a partner bank
No safeguarding or sponsor bank programme is published; SBI serves payment firms as ordinary corporate clients under RBI rules. · source
3.0Foreign-owned & non-resident companies
Business current accounts such as the Import Export Traders account (Rs 5 lakh average balance) are aimed at Indian SMEs and the page gives no route for a foreign-incorporated company. · source
2.5Best interest on business balances
Indian current accounts pay no interest and SBI UK business accounts pay 0.00% AER on balances up to GBP 5 million. · source
1.5Crypto-friendly bank
No crypto or digital asset service is published for business clients, and India taxes virtual digital asset gains at 30 percent with 1 percent TDS. · source
1.0Crypto wallet and custody for a business
SBI offers no crypto custody or wallet; a March 2026 guide confirms bitcoin cannot be bought inside YONO or OnlineSBI and that SBI serves only as the payment rail to outside platforms, checked September 2026. · source
1.0Accept crypto payments
SBI's merchant acquiring, run through its joint venture SBI Payments Services, covers POS terminals, payment gateway and the YONO SBI Merchant app with Bharat QR, with no crypto or stablecoin acceptance, checked September 2026. · source
1.0Bitcoin
SBI sells no bitcoin, custody or bitcoin products to any client, checked September 2026. · source
1.0Ethereum
SBI sells no ether, custody or staking to any client, checked September 2026. · source
1.0Stablecoins (USDC, USDT and others)
SBI offers no stablecoin holding, payouts or conversion to any client, checked September 2026. · source
Sources
- State Bank of India, Wikipedia
- SBI Bank Ratings, investor relations
- SBI UK Business Current Account
- SBI compare current accounts
- SBI Global Trade Services
- RBI imposes INR 1.72 crore penalty on SBI, Finclusion
- RBI imposes penalties on SBI and two other banks, Yahoo Finance
- SBI YONO app down at annual closing, Bridge Chronicle
- SBI blocks UPI payments to crypto exchanges, Bitcoin.com
Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.