Journalism of Courage
State Bank Of India
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State Bank of India (SBI): A Colossus of Indian Banking SBI, headquartered in Mumbai, stands as India's largest bank, commanding a significant 23% market share by assets and a substantial 25% share of the loan and deposit market. This multinational public sector behemoth employs nearly 250,000 peopl...
- Company type Public
- Industry Banking, financial services
- Founded 27 January 192115 April 1840
- Headquarters State Bank Bhavan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
- Area served India
- Key people Challa Sreenivasulu Setty
- Services Retail banking, Corporate banking, Investment banking, Mortgage loans, Private banking, Wealth management, Asset management, Investment management, Credit cards, Insurance
- Revenue ₹4.39 lakh crore (US$50 billion) (2024)
- Net income ₹69,543 crore (US$8.0 billion) (2024)
- Number of employees 232,296 (31 March 2024)
- Parent Government of India (57.54%)
- Subsidiaries SBI Life Insurance Ltd, SBI Mutual Fund (63%), SBI Cards and Payment Services Ltd (68.63%), SBI General Insurance (69.11%)
- Website www.sbi.co.in, bank.sbi, onlinesbi.sbi
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State Bank Of India history
Last Updated : 06/03/25, 03:30 PM
State Bank of India: A Legacy of Expansion The State Bank of India's (SBI) history traces back to the Bank of Calcutta, established in 1806. It evolved through the amalgamation of three Presidency banks—Bank of Bengal, Bombay, and Madras—in 1921, forming the Imperial Bank of India. The R...
STATE BANK OF INDIA NEWS
35 years at SBI, promotion denied: Delhi High Court rejects clerk’s challenge
September 03, 2026 11:39 am
The man claimed that the bank wrongly denied him promotion despite his more than 35 years of unblemished service with SBI, the Delhi High Court noted.
SBI PO Prelims result 2026 declared for 1,500 posts: What next, Mains exam pattern, selection process
August 30, 2026 9:42 am
SBI PO Prelims 2026 Result Out: Candidates should note that the marks obtained in the preliminary examination will not be added to the final merit list. The Main Examination and the subsequent Phase III scores will determine the final selection.
Widow gets Rs 49.98 lakh after SBI Life ‘rejects’ Rs 50 lakh claim over one premium
August 12, 2026 9:40 pm
The bench was hearing SBI Life’s appeal against the August 22, 2024 Chamba District Commission order directing payment of the Rs 50 lakh claim.
Delhi man’s SBI account ‘debited’ with Rs 1.3 lakh in 2018, wins Rs 1.4 lakh refund
August 12, 2026 5:36 pm
The Delhi State Consumer Commission was hearing SBI’s appeal against an order of a district commission directing it to pay Rs 1.30 lakh with interest and compensation.
IIT Madras, SBI Foundation launch phase 2 Para-Athlete Sports Scholarship programme
August 04, 2026 8:27 pm
The application process for the Phase 2 scholarship programme has started in online mode through the official portal. Candidates can visit sbif-ace-pass.sbifoundation.info to submit their applications before the deadline, i.e. August 9.
Bank ‘deducts’ money from man’s ‘inactive’ credit card, ordered to refund Rs 1.26 lakh
July 24, 2026 6:03 pm
The commission observed that, as financial institutions of the country, the opponents were required to maintain proper records of every customer who availed a credit card facility. However, they failed to do so in the present case.
No locker theft in public sector banks in FY26, 40 cases in last five years
July 21, 2026 10:13 pm
Uttar Pradesh reported the highest number of confirmed locker theft cases over the last five years, with 18 cases, followed by Jharkhand with 12 cases
SBI Funds Management IPO subscribed 2.77 times; NII category drives demand
July 15, 2026 9:24 pm
Strong bidding by non-institutional investors, whose category was subscribed 6.58 times, along with healthy institutional participation indicates confidence in the company's business model and growth prospects
Senior citizen man clicks fake bank KYC link, loses Rs 45,000, wins Rs 55,000 compensation
July 14, 2026 5:32 pm
Delhi State Consumer Commission was hearing SBI's appeal against a December 5, 2023 order directing it to refund the fraudulently withdrawn amount and pay compensation.
Court calls it 'lifeline' unblocks bank account frozen for Rs 560 'suspicious' transaction
July 06, 2026 1:40 pm
The Rajasthan High Court was hearing a writ petition filed by 35-year-old woman against SBI and the cyber crime department, Rajasthan seeking directions to defreeze her savings account.
Shriya Pilgaonkar on Swara Bhaskar’s jauhar remark: Easy to judge context of another time
Entertainment43 min ago
Swara Bhaskar’s comments on the climactic jauhar sequence of Sanjay Leela Bhansali’s 2018 blockbuster period war drama Padmaavat has reentered the discourse after the actor justified her objection to the archaic practice. Swara had claimed that as a woman, she felt “reduced to her vagina” while watching the climax, when Deepika Padukone’s character of Rani Padmini leads women into self-immolation.
STATE BANK OF INDIA PHOTOS
SBI Recruitment 2022: How to apply for Probationary Officers posts; salary, exam date, application
September 22, 2022 7:26 pm
SBI Recruitment 2022: Interested candidates can apply online at the official website- sbi.co.in. The application window has opened from today, i.e., September 22 and will close on October 12.
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