Sbi
“Can India's largest state-owned bank successfully digitise its full financial services stack — from SME lending to payments — to remain the default banking infrastructure for India's growing formal economy?”
Founded in 1955 as a government-owned successor to the Imperial Bank of India, SBI has evolved from a traditional branch-based bank into India's largest multi-product financial institution with a global presence across 30+ countries. Over the past decade, SBI has aggressively digitised its core banking operations—launching UPI-based payment services, a contactless SME lending platform, and a dedicated payment services subsidiary (SBI Payments). The bank operates its own embedded finance infrastructure (payment acquiring, supply chain finance, SME lending) rather than relying on third-party fintech vendors, positioning itself as the banking backbone for large segments of India's economy.