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
Mukesh Ambani's Reliance Industries climbs 8 spots to 45th rank on Forbes' Global 2000 list
June 13, 2023 1:38 pm
Reliance was ranked ahead of well-known names like Germany's BMW Group, Switzerland's Nestle, China's Alibaba Group, US-based Procter & Gamble and Japan's Sony.
SBI to raise upto Rs 50,000 cr through debt instruments in FY24
June 09, 2023 4:05 pm
The State Bank of India on Friday said it will raise up to Rs 50,000 crore by issuance of debt instruments to Indian and overseas investors in the current financial year.
SBI shares slump as stock trades ex-dividend today
May 31, 2023 11:38 am
The State Bank of India in the January-March quarter reported 83 per cent rise in its net profit to Rs 16,694.5 crore, from Rs 9,113.5 crore in the same quarter the previous year.
Sensex gains 123 pts, Nifty closes at 18,634; ITC shines, broader markets outperform
May 30, 2023 3:54 pm
ITC was the top gainer in today's trade, as the stock gained 2.35 per cent, after the company's shares turned ex-date for dividend today.
SBI raises $750 mn via bonds on India INX under its 10 billion MTN programme
May 29, 2023 4:26 pm
The bonds were issued through SBI's London Branch to fund offshore business growth and were priced competitively.
Exchanging Rs 2000 notes? No ID proof or form required, says SBI
May 22, 2023 9:58 am
Rs 2000 notes withdrawn: RBI on Friday, in a surprise move, announced the withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks
SBI Q4 profit zooms 83% to Rs 16,695 cr; bank declares dividend of Rs 11.30 per share
May 18, 2023 2:28 pm
SBI Q4 Results: The bank's board has recommended a dividend of Rs 11.30 per equity share 1130 per cent for FY23. SBI said the date of dividend payment is fixed on June 14, 2023.
Sensex gains 179 pts, Nifty closes at 18,315 amid volatility; IndusInd Bank, PowerGrid, TaMo gain
May 10, 2023 3:54 pm
Tata Motors today hit a 52-week high of Rs 513 on BSE ahead of its Q4 results due on Friday.
SBI raises $750 mn via 5-yr Reg S bonds
April 27, 2023 10:42 pm
The bonds are benchmarked against 5-year US treasury bonds and priced at a spread of 145 basis points (bps) over the benchmark, the bank said in a release. This is the largest US dollar 5-year Reg S bond issuance by an Asian issuer in 2023.
SBI PO 2022: Final exam result declared; how to check
April 20, 2023 9:23 am
SBI PO Final result 2022: SBI PO Main exam result was announced on March 10 post which selected students were invited to appear for the Group Exercise and Interview round p
