Episode 67: State Bank of India: Elephants Can Dance!

18 Apr

About State Bank of India:

It is hard to imagine an elephant dancing, but if that elephant is the State Bank of India, SBI, as popularly known, you are in for a surprise/ delight. SBI is India's biggest bank, with 450M+ customers. As an Indian, you may be able to rattle 100s of challenges and inefficiencies of SBI, but its contribution towards India's growth is second to none. SBI has groomed the finest talents and established financial services and products that has paved the path for other Indian banks.

Though established in 1955, but its creation dates back to the Mughals and the East India Company. There are several case studies about SBI cards, insurance and other financial products, but a less talked about aspect is its talent. There are innumerable examples of SBI chairmen who, in an unassuming manner, have led the bank through its ups and downs to where it stands today.

Now in the 21st century, with the advent of Neo Banks, SBI has brought YONO (You Only Need One), its digital app play, to the arena and reason I looked into SBI's fascinating history and YONO is because I read about YONO in Weekly Olio, an online weekly newsletter written by Mohit & Peeyush. So, I invited them to co-host this conversation with me. We kick this off with Mohit & Peeyush introducing themselves and talking about the exceptional growth they have witnessed with the newsletter.