Mumbai, Nov. 7 -- The State Bank of India (SBI) has transformed from being in loss in 2018 to now becoming a USD 100 billion company due to the regulatory and structural reforms implemented over the past decade by Reserve Bank of India (RBI), stated Governor Sanjay Malhotra.

Addressing the SBI Banking and Economics Conclave 2025 in Mumbai, Governor Malhotra said that the transformation of India's banking sector was made possible by a strong regulatory framework and key policy measures introduced by the RBI and the government.

"The SBI Chairperson was just now mentioning, as we entered, that in 2018, they were in a loss. And today they are a USD 100 billion company," he noted.

He emphasized that the introduction of the Insolvency and Ba...