SBI Logo, State Bank of India is an Indian multinational, public sector banking and financial service. The headquarters is in Mumbai, Maharashtra. SBI is the largest bank of India with 23% of the market shared by assets and a 25% share of the loan and deposits market. In the Fortune Global 500 list, SBI holds a rank of 236.
State Bank of India is a descendant of the Imperial Bank of India that makes it the oldest commercial bank in the Indian subcontinent. On July 1st, 1955, the reserve bank of India took control over the Imperial Bank of India, and that is how the State Bank of India was born. Later, in 2008, the government of India took over RBI’s stakes too.
SBI is often in trolls for its complicated banking process, long queues, dense crowd, and filling up long forms for everything. The largest bank in the country we are talking about. But people only discuss what they like, and SBI is well-liked, so is its simple blue and white logo. Let’s take a glance at the story behind the logo.
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History:
The first logo of the State Bank of India in 1955 was a Banyan tree. The Banyan tree is very common in India and is known for its strong roots and branches that propagate in every direction. It symbolized SBI has strong roots and many branches that spread out all over the country. It depicted growth, success, and stability.
However, the logo brought criticism because the Banyan tree is the kind of three that does not let any other plant grow within its territory. So the logo was abandoned later.
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Present logo:
The present logo with a blue circle and a white keyhole-shaped cut is adopted on October 1st, 1971, on the day of the inauguration of the central office building SBI in Backbay Reclamation, Bombay. Shekhar Kamat, the alumni of the National Institute of Design, Ahmadabad, designed the logo.
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Meaning of the logo:
The current logo of SBI is known to every Indian. It’s simple, sleek, and open to many interpretations:
- One of the popular concepts behind the logo is, the blue circle represents unity and completeness, and the white cut represents the common man. It is showing that despite the vast size of the bank, common man is a vital part of it. The bank is incomplete without the common man’s support.
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- Another interpretation is that the white cut in the bottom with the white circle in the center represents a keyhole, which is a symbol of safety, security, and strength.
- Other than the mentioned interpretation, there is another popular meaning of the logo. The white circle in the center represents a branch of SBI, and the white line is a connecting lane or road to the branch. Emphasizing the vastness of the bank and highlighting that wherever you go, State Bank of India will be there to serve you.
Interesting fact:
it is said that the SBI logo is an inspiration from the Kankaria Lake, in Ahmadabad, Gujarat. This is the top view of Kankaria Lake. You can also zoom into Google Maps to find the SBI logo.
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Google map : Location
Source: Scoop Whoop
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