State Bank of India now has more than 10,000 branches

State Bank of India now has more than 10,000 branches

State Bank of India has now become only the second bank in the world to have 10,000 branches.

SBI opened their 10,000th branch in Puduvayal district of Tamil Nadu.

The only other bank to have this distinction is the China’s ICBC Bank.

Union Finance Minister P Chidambaram spoke at the launch ceremony: “It is not an easy milestone though the SBI was the bank of the government and Indian people even before other banks were nationalized.”

He added: “Chairman of the 202-year old bank Omprakash Bhatt was indeed a more powerful man than me because he handled Rs nine lakh crore (business) whereas my budget is only for Rs eight lakh crore.”