4200 student participates in nation-wide SBI Scholar Quiz

• The Bank distributed Rs. 50 Lakh prize and certificate to all participants
• Further on the 70^th anniversary, SBI launched multiple future-ready digital initiatives

Bhubaneswar: The State Bank of India, the country’s largest bank, concluded its SBI Scholar Quiz with encouraging participation by 4200 students across 16 cities in the country. The objective of the competition was to showcase students’ academic talents and demonstrate SBI’s strong social commitment to education. This event marked a key milestone in the bank’s 70-year legacy of trust and transformation which was celebrated with recognition to all the participants with ₹50 lakhs prize money and certificates.

SBI Chairman, Shri C.S. Setty, presented the awards to the winners from Delhi Public School, Kolkata; Army Public School, Hyderabad and DAV Public School, Bhubaneswar.  The winners securing first place received a total amount of ₹5 lakhs. Second and third-place winners were awarded ₹3 lakhs and ₹2.5 lakhs, respectively.

Shri C.S. Setty, Chairman, SBI, stated, “Investing in educational initiatives like the SBI Scholar Quiz goes beyond nurturing bright minds, it’s about laying the foundation for an informed and empowered future. By combining academic excellence with financial literacy, and creating awareness about SBI’s rich seven-decade legacy, this initiative celebrates the intellectual potential of our youth while reinforcing the values that have shaped India’s financial journey.”

“We are streamlining operations, enhancing customer experience, and strengthening our people to build a future-ready organisation. By embracing digital tools, strategic partnerships, and data-driven growth, we aim to sustain market leadership and deliver scalable, profitable, and inclusive banking for a dynamic India,” Shri C.S. Setty added.

Celebrating this milestone, the bank has unveiled a suite of future digital-first initiatives designed to enhance convenience and customer experience across segments. This next phase of innovation marks a significant step forward in digital banking, with the expansion of YONO to Singapore, while revamping YONO Business.

SBI has also launched initiatives for Individuals and Entrepreneurs by enabling faster paperless on-boarding through tab-based account opening, while making digital credit access easier for small businesses. Further the Bank has enabled Digital Document Execution (DDE) for PM Vishwakarma & Agriculture Loans loan applications and documentation for farmers and artisans, improving turnaround time and reach.

To strengthen last-mile financial inclusion, SBI has enabled instant savings and minor account openings at service points using secure e-KYC. Additionally, the Bank introduced UPI (QR) based cash withdrawal machines for safer access to funds in remote areas. Flexible loan solutions further empower property owners to meet evolving financial needs.

Together, these initiatives reflect SBI’s commitment to building a more accessible, efficient, and inclusive banking ecosystem—blending technology with trust to support India’s growth story and enrich everyday banking for all.