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SBI, Jio have more customers than US population

SBI and Jio claimed in their recent tweets that their respective customer base has trumped entire American population as of 2020

Mehak Agarwal | January 5, 2021 | Updated 14:25 IST
SBI, Jio have more customers than US population
SBI and Jio's customer base trumps entire American population as of 2020

The State Bank of India (SBI) has said that it has a customer base of 44.89 crore at 22,141 branches across the country, is higher than the entire US population. America's population stands at 33.2 crore.

While the country's largest lender was exuberant about its customer base overtaking the total American population as of 2020, Twitter users did not spare this chance to share their two cents about their experience.

The pet lunch time dialogue

Please talk about NPAs also

You can crack better jokes for sure

This tweet by SBI comes on the back of the country's largest lender clearing the 'positive pay system ' for cheques which requires confirmation of key information for payments exceeding the Rs 50,000 threshold.

State Bank of India was not the only one to celebrate its expanding customer base. Reliance Jio claimed in its recent tweet that its subscriber base is more than the entire US population at 40 crore.

How has SBI fared across segments in 2019-20?

According to its 2019-20 annual report, SBI's loan segments like home, auto and other personal loans have improved between March 2019-20. Home loans portfolio surged to Rs 4.56 lakh crore, auto loans reached Rs 72,662 crore and other personal loans stood at Rs 2.19 lakh crore on a year-on-year basis.  

SBI not only saw an uptick in its loan segments. Downloads of its online banking app, YONO reached over 46 million while registrations rose to more than 21 million.

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