New Delhi, Oct 23 (NationPress) The State Bank of India (SBI), recognized as the largest public sector lender in the nation, announced on Thursday that it has been honored with two esteemed awards: World’s Best Consumer Bank 2025 and Best Bank in India 2025 from the New York-based Global Finance. This remarkable achievement was celebrated by Commerce and Industry Minister Piyush Goyal.

In a post on X, Goyal expressed his pride, stating, “I am thrilled to witness our very own State Bank of India being recognized with two prestigious titles by Global Finance, New York, during the 2025 Best Bank Awards Ceremony for its exceptional service and global customer trust.”

He added, “Warmest congratulations to the entire SBI family on this well-earned recognition. The bank's unwavering commitment to financial inclusion and its relentless efforts to cater to all segments of society highlight its crucial role in driving India's growth narrative.”

The awards were presented by the New York-based publication at the Global Finance Award Ceremony held in conjunction with the World Bank and IMF Annual Meetings 2025.

“We are profoundly honored by Global Finance’s acknowledgment of SBI’s daily dedication to excellence. Catering to 520 million customers and welcoming 65,000 new clients each day necessitates substantial investment in technology and digitalization,” remarked Challa Sreenivasulu Setty, Group Chairman of SBI.

As a ‘Digital First, Consumer First’ institution, our flagship mobile app serves over 100 million users, with 10 million active daily users, he noted.

This dual recognition solidifies SBI’s stature as a global banking frontrunner dedicated to innovation, financial inclusion, and customer excellence.

The awards commend the bank’s success in providing world-class banking experiences to its vast clientele, all while maintaining technological supremacy and broadening services across India’s varied geographical landscape, as stated by SBI.

Earlier this month, SBI reported that it has facilitated 2.25 lakh SME digital loans until August 2025, totaling credit limits of Rs 74,434 crore since the initiation of the ‘SME Digital Business Loans’ scheme in FY24. This includes the processing of 67,299 MSME Mudra loans amounting to Rs 3,242 crore.