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State Bank India (SBI) and Tata Steel enter into a partnership for promoting football in the country through Jamshedpur Football Club (JFC)

  • Bank takes a giant step in endorsing the game of football in India
  • Bank becomes one of the principal sponsors of the JFC

Mumbai, November 16, 2021: With an aim to support and promote Indian football, the country’s largest lender, SBI, has entered into a strategic partnership with JFC, the football club owned by Tata Steel. The bank signed a landmark agreement with the JFC – making this a first major endeavour by SBI in the game of football. With this partnership, SBI will be one of the principal sponsors of the JFC.

The partnership was announced in the presence of Ashwani Bhatia, MD, SBI, TV Narendran, CEO & MD, Tata Steel, B. Raghavendra Rao, DMD, SBI, Chanakya Chaudhary, Chairman, JFC and Vice President Corporate Services, Tata Steel along with other senior officers from SBI, Tata Steel and JFC.

Ashwani Bhatia, MD, SBI said, “India has a rich football history and it is a matter of time that India enters the big stage of football. There have been rapid strides in Indian football over the past decade, especially with the advent of the Indian Super League. Tata Steel has been at the forefront of promoting football and has continuously produced champion players over the past three decades via the Tata Football Academy. JFC is a step ahead in the same direction and the packed stands, every year, at the JRD Tata Sports complex speak volumes of the popularity of football amongst its legion of fans. Not just that, but, JFC has done incredible work in the grassroots, youth football and coach education, all the while engaging with these fans. We also have a long-standing relationship with Tata Steel and the Tata Group and this partnership will help us to promote sports and more specifically football. These reasons made our decision very simple to partner with JFC, one of the top professional football clubs of India.”

“We look forward to work with them and wish Coach Owen Coyle and the players all the very best for the current season. The steps have been in the right direction over the past few years and JFC has the potential to become one of the top clubs in Asia and the world,” he added.

Commenting further on the partnership, Mr TV Narendran, CEO & Managing Director, Tata Steel, remarked: “We are pleased to have SBI as one of the principal sponsors of the Jamshedpur Football Club. We believe working with SBI will be a mutually rewarding association, in the years to come. I am sure that this partnership will help create great value for JFC including their senior team, youth and Grassroots programs, the clubs passionate fan base and set higher benchmarks for the sport overall”

Koushik Chatterjee, ED & CFO, Tata Steel said, “Tata Steel and SBI have a pioneering banking relationship and we are happy to welcome SBI as our partner to promote the growth of football in the country. Over the years, SBI has been at the forefront in providing financial assistance along with an array of banking services to meet the capital needs of the company. We are confident that this partnership will augur well towards greater diversity of background, experiences and understanding of the sport. With the sponsorship of JFC, SBI has reiterated its commitment to promoting sports in the country and to further develop its relationship with Tata Steel”.

Chanakya Chaudhary, JFC Chairman and Vice President Corporate Services, Tata Steel said, “Over the years, JFC has put in massive efforts and strides in community engagement. Our matches at the JRD Tata Sports Complex achieves the highest average attendance in the ISL. Our grassroots programme has engaged thousands of kids in Jharkhand coupled with Tata Steel’s rich history with youth development in football via the Tata Football Academy. Our association with SBI is very encouraging as we aim to achieve success on and off the pitch. We welcome SBI as our sponsor and look forward to our long association.”

The iconic JFC match jersey will now feature the SBI logo. The two brands will also actively engage with fans via the first team and also during the broadcast of Indian Super League (ISL). The interaction with fans will continue on the digital platforms of SBI and JFC as well.

About State Bank of India (SBI)

SBI is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country which has so far fulfilled the home buying dreams of 30 lakh Indian families. The home loan portfolio of the bank has crossed the milestone of Rs. 5 lakh crore. As on September 30, 2021, the bank has a deposit base of over Rs. 38 lakh crore with CASA ratio of 46.24% and advances of more than Rs. 27 lakh crore. SBI commands a market share of nearly 35% and about 28% in home loans and auto loans segment respectively. SBI has the largest network of 22,230 branches and 64,122 ATMs / CDMs in India with 70,786 BC outlets. The number of customers using internet banking and mobile banking stand at 94.4 million and close to 21 million respectively. The integrated digital and lifestyle platform – YONO SBI, has around 43 million registered users, which witnesses 12 million logins per day. Accelerating the digital agenda, in excess of 27,000 new digital savings bank accounts were opened per day in the quarter ended September 2021. In terms of digital lending, the bank disbursed personal loans worth Rs. 43,000 crore through the YONO mobile app till Q2 of FY22. SBI also has the highest number of followers on Facebook and Twitter amongst all banks worldwide.

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