SBI offers a variety of banking products with its huge network and overseas branches
which includes products targeted at Non-resident Indians. The bank is a public sector banking behemoth with the biggest branch network in India. The major competitors of SBI are private banks like ICICI Bank, HDFC Bank and Axis Bank.
SBI has entered various new businesses such as General Insurance, Pension Funds, Private Equity, Custodial Services, Point of Sale Merchant Acquisition, Mobile Banking, Online banking, Advisory Services, structured products and is giving the private banks a run for their money. The bank has come to the fore with state-of-the-art technology and innovative financial solutions.
SBI currently has over 10,000 branches and more than 8,500 ATMs. The bank has also launched electronic channels like debit cards, Internet banking and mobile banking to enhance its reach among the customers. The associate banks of SBI have set up more than 5,100 branches. SBI is globally present with 82 overseas offices in 32 nations.