SBI Named Global Finance's World's Best Consumer Bank 2026 for the Second Consecutive Year

19 October 2026National

State Bank of India was named World's Best Consumer Bank 2026 by Global Finance magazine for the second year in a row, and also won Best Bank in India 2026. Chairman Challa Sreenivasulu Setty received the awards at the World's Best Bank Awards ceremony held alongside the IMF Annual Meetings 2026 in Bangkok, Thailand. The recognition cited SBI's revamped YONO platform, which has crossed 10 crore registered users. Other winners included Banco Santander of Spain as World's Best Bank, DBS Bank of Singapore as World's Best Corporate Bank, BBVA as Best Emerging Markets Bank and Ecobank of Togo as Best Frontier Markets Bank.

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SBI is headquartered at Mumbai; it traces its origin to the Bank of Calcutta (1806), became the Imperial Bank of India in 1921 and was constituted as SBI on 1 July 1955 | SBI, HDFC Bank and ICICI Bank are India's Domestic Systemically Important Banks (D-SIBs) | YONO, short for 'You Only Need One', was launched by SBI in 2017 as its integrated digital banking platform

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