Home / Industry / Banking /  At 14,500 feet, this SBI branch is India's highest altitude branch

With an aim to expand its network, country's largest lender State Bank of India (SBI) has opened its fourteenth branch in Ladakh. The new branch is located in Diskit, Nubra Valley (District Leh). SBI said the branch is about 100 kilometres from Leh. SBI Tangsay Ladakh branch is located at an altitude of 14,500 feet above sea level, and is considered to be India’s highest altitude branch. "The SBI Staff working at this branch extend warm smiles and services, even at temperatures as low as -40 degrees," SBI said in a tweet.

SBI chairman Rajnish Kumar had inaugurated the new branch on 14th September.

On 5th August, the government had announced that the entire region will cease to be a single state but would become two Union territories of Jammu and Kashmir (J&K) and Ladakh, wherein J&K will have a state Assembly under lieutenant governor, while Ladakh will have no legislature.

According to a report in PTI, Rajnish Kumar said the branch in Diskit was planned over three months ago, much before the Centre decided to bifurcate the state into two UTs.

Kumar also affirmed SBIs commitment to help the people of both the UTs with credit needs once the demand comes. SBI has 185 branches in Jammu & Kashmir and Ladakh, and personal lending segment is the most active, he said.

SBI has the largest network of 22,088 branches in India.
View Full Image
SBI has the largest network of 22,088 branches in India. (@TheOfficialSBI)

State Bank of India (SBI) the largest commercial bank in terms of assets, deposits, branches, customers and employees; is also the largest mortgage lender in the country. As on June 30, 2019, the bank has a deposit base of over 28 lakh crore with CASA ratio of 45.1% and advances of over 19 lakh crore. SBI commands around 35% and 36% of market share in home loans and auto loans respectively. The bank has the largest network of 22,088 branches in India and an ATM / CDM network of over 58,495. The number of customers using internet banking facility are more than 66 million and mobile banking services stand at 14.8 million. On social media platforms, SBI has the highest number of followers on Facebook, YouTube, LinkedIn and Pinterest. The bank tops the list of followers on Facebook and YouTube across all banks worldwide.

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Recommended For You

Trending Stocks

Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout