State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 236th in the Fortune Global 500 list of the world’s biggest corporations of 2019.[8] A nationalised bank, it is the largest in India with a 23% market share by assets and a 25% share of the total loan and deposits market.[9]
State Bank of India
SBI Logo
The Banker to Every Indian
SBI Headquarters
State Bank Bhavan, Nariman Point, Mumbai
Formerly
Imperial Bank of India
Type
Public Sector Undertaking
Traded as
NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
NSE NIFTY 50 Constituent
ISIN
INE062A01020
Industry
Banking, financial services
Predecessor
Imperial Bank of India
(1921 – 1955)
Bank of Calcutta
(1806 – 1921)
Bank of Bombay
(1840 – 1921)
Bank of Madras
(1843 – 1921)
Founded
2 June 1806
Bank of Calcutta
15 April 1840
Bank of Bombay
1 July 1843
Bank of Madras
27 January 1921
Imperial Bank of India
1 July 1955; 65 years ago
State Bank of India
Headquarters
State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
Number of locations
22,141 Branches, 58,555 ATMs
Area served
Worldwide
Key people
Dinesh Kumar Khara
(Chairman)[1]
Products
Retail banking
Corporate banking
Investment banking
Mortgage loans
Private banking
Wealth management
Credit cards
Finance and Insurance
Revenue
Increase ₹368,010.6492 crore (US$52 billion) [2] (2020)
Operating income
Increase ₹75,105.2876 crore (US$11 billion) [2] (2020)
Net income
Increase ₹11,439.4023 crore (US$1.6 billion) [2] (2020)
Total assets
Increase ₹4,197,492.3443 crore (US$590 billion) [2] (2020)
Total equity
Increase ₹250,167.6630 crore (US$35 billion) [2] (2020)
Number of employees
249,448 (March 2020)
Parent
Government of India (56.92%)
Subsidiaries
SBI Life Insurance Ltd
SBI Cards and Payment Services Ltd
SBI General Insurance (70%)
Jio Payments Bank (30%)
Yes Bank (30%)
Andhra Pradesh Grameena Vikas Bank (35%)
Kaveri Grameena Bank (35%)
Rating
Baa-2 Moody’s[3]
BBB-F3 Fitch
BBB-A3 S&P
Website
bank.sbi
The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged into the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955.[10] The Government of India took control of the Imperial Bank of India in 1955, with Reserve Bank of India (India’s central bank) taking a 60% stake, renaming it State Bank of India.
SBI 