In the vibrant tapestry of Odisha’s financial landscape, the State Bank of India’s Bhubaneswar Circle stands as a beacon of unwavering commitment and historic accomplishments. From its humble inception in 1921 in Berhampur to evolving into a dynamic force shaping the state’s economic destiny, SBI has been a stalwart partner in the journey of Odisha’s growth.
Unfolding the SBI Saga
SBI’s journey in Bhubaneswar is a tale of resilience and adaptability. Established in 1979, the Bhubaneswar Circle has grown into a financial powerhouse with an extensive network of 48,106 touchpoints, encompassing 895 branches, 6331 Customer Service Points (CSPs), and 3380 ATMs. Holding the lion’s share with a remarkable 33.67% Market Share in total business, SBI is a financial juggernaut in the heart of Odisha.

Championing Development: CS Sharma’s Vision
At the helm of this financial juggernaut is Chief General Manager Shri Chander Shekhar Sharma, whose tenure since June 10, 2022, has been marked by transformative leadership. Instrumental in forging strong ties with government departments, Shri Sharma has propelled SBI into new heights of success. His strategic initiatives have not only aligned with governmental policies but have also fostered schemes like the Odisha Ama Bank, Mission Shakti Scooter Yojana, and Mo Ghara Scheme, empowering countless lives.
Empowering Odisha: A Success Odyssey
Under Shri Sharma’s adept guidance, SBI Bhubaneswar Circle has achieved commendable milestones. With 101% achievement of the Annual Credit Plan under Priority Sector for FY 2022-23 and a robust 58% achieved as of September 30, 2023, the bank is not just meeting expectations but surpassing them. Additionally, the bank’s commitment to Corporate Social Responsibility is evident through a recent donation of Rs. 1 Cr for Cybersecurity Awareness.

Fostering Growth: Future Endeavors
Looking to the future, SBI Bhubaneswar Circle has outlined ambitious plans to support SMEs and Agriculture. Collaborating with “Start-up Odisha” for credit linkage, financing tourism-related infrastructure, supporting mining units, and introducing innovative products like Kisan Samriddhi Rin, the bank is positioned to catalyze growth across diverse sectors.
Redefining Success: Social Security and Beyond
Beyond banking, SBI’s commitment extends to the welfare of Odisha’s citizens. With the Social Security Scheme covering 20% of the state’s population, SBI is not just a financial institution; it is a catalyst for social change, ensuring the well-being of millions.
In the ever-evolving landscape of Odisha’s financial realm, SBI Bhubaneswar Circle stands tall as a symbol of progress, innovation, and unwavering commitment. From historical milestones to visionary leadership, SBI continues to script a saga of success, fostering prosperity in every corner of Odisha.