SBI Partners with FPSB India to Upskill 2.36 Lakh Employees with CFP® Certification

2025-07-09 02:11:43 Education

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Mumbai, June 23rd, 2025 – State Bank of India, the country’s largest bank with strong presence across NRI, HNI and UHNI customer segments and a workforce of 2.36 lakh employees, has partnered with FPSB India, the Indian subsidiary of Financial Planning Standards Board Ltd., to integrate CERTIFIED FINANCIAL PLANNER® certification into its employee learning and development framework. This strategic initiative aims to enhance the depth, quality, and consistency of financial planning provided across SBI’s extensive branch and digital network. It focuses particularly on key areas such as investment planning, retirement readiness, insurance advisory, and estate planning—aligned with global standards of professional excellence. The Memorandum of Understanding was signed in Mumbai in the presence of senior officials, including Shri Sandeep Sharma, Country Head – Wealth Management, SBI, and Mr. Krishan Mishra, CEO, FPSB India.

Speaking on the occasion, Shri. Sandeep Sharma, Country Head – Wealth Management, SBI, said, “At SBI, we recognize that comprehensive financial planning plays a pivotal role in enabling the aspirations of individuals and families across the country. This strategic partnership with FPSB India reflects our commitment to elevating planning excellence by embedding globally recognized standards into our learning ecosystem. By integrating the CFP® certification into our talent development framework, we aim to build a future-ready workforce that delivers objective, holistic, and customer-centric financial guidance at scale.”

“This is a landmark moment for India’s financial ecosystem,” said Krishan Mishra, CEO of FPSB India. “By aligning with SBI, we are not only taking the gold standard of financial planning to the grassroots but also transforming how financial planning is taught and valued and delivered across the country. FPSB India is committed to empower the bank’s teams with the CFP® certification to guide millions of Indians toward long-term financial security and wellbeing.”

This collaboration reinforces SBI’s position as a forward-looking financial institution that invests in its people to create greater value for customers. It also aligns with the national vision of expanding financial literacy and responsible financial planning across India.

About State Bank of India:

State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also one of the largest mortgage lender in the country which has so far fulfilled the home buying dreams of around 30 lakh Indian families. The home loan portfolio of the bank has crossed ₹ 8.3 lakh crore. As of March 2025, the bank has a deposit base of over ₹ 53.82 lakh crore with CASA ratio of 39.97% and advances of more than ₹ 42.20 lakh crore. Ranked as the 4th most trustworthy bank in the world by Newsweek, SBI commands a market share of 27.3% and 20.2% in home loans and auto loans respectively. SBI has the largest network of 22,937 branches and 63,791 ATMs/ADWMs in India with more than 77,000 BC outlets. The number of customers using internet banking stand at 13.9 crores. With SBI’s digital strategy right on track, the bank witnessed 64% of new savings accounts being opened through the integrated digital and lifestyle platform YONO in FY25. YONO, which has more than 8.77 crore registered users, witnessed 24.1 lakh new YONO registrations in Q4FY25. In terms of digital lending, the bank disbursed pre-approved personal loans worth ₹ 6,375 crores through YONO during FY25. As on 31st March 2025, SBI has 19 million followers on Facebook, 3 million followers on Instagram, 4.8 million followers on X and 5.71 million subscribers on YouTube. State Bank of India is the most followed bank globally on Facebook, Instagram & X.

About FPSB India:

FPSB India is the leading financial planning body in India and is dedicated to establishing, upholding, and promoting professional standards in financial planning throughout India.

FPSB India offers the globally recognized CFP® certification, which represents excellence in financial planning through rigorous competency and ethical standards. It is home to over 3,215 CFP professionals in India and part of a global network of organizations representing more than 230,648 CFP professionals worldwide.

FPSB India is the Indian subsidiary of Financial Planning Standards Board Ltd. (FPSB Ltd.), the global standards-setting body for the financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER certification program.

FPSB Ltd. owns the CFP, CERTIFIED FINANCIAL PLANNER and the outside the United States. FPSB Ltd. licenses these marks to FPSB Institute India Pvt. Ltd to administer CFP certification in India. For more information, visit india.fpsb.org.