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
Bank of Baroda, Canara Bank hike MCLR on select tenors despite RBI’s pause
April 16, 2023 5:16 am
However, the country’s largest lender State Bank of India (SBI), whose actions push other industry players to follow suit, has kept its MCLR unchanged, giving its borrowers some respite.
Hundi collections: FCRA on hold, Tirupati trust sits on Rs 26 crore forex, seeks way out
March 28, 2023 12:24 pm
The State Bank of India (SBI) has forbidden the Trust from depositing any foreign contributions — described as “hundi’’ donations — into its designated account.
SBI raises Rs 3,717 crore via additional tier-1 bonds
March 08, 2023 11:48 pm
The bonds offered a coupon of 8.25 per cent, representing a spread of 66 basis points (bps) over the corresponding Financial Benchmarks India Pvt Ltd (FBIL) government security par curve on March 8, 2023, the bank said in a statement.
What it takes to buy an electoral bond
March 05, 2023 7:52 pm
The SBI’s New Delhi main branch is one of the 29 branches of the bank across the country authorised to sell EBs — five years ago, the sale window for the first tranche opened in March 2018.
SBI, Union Bank, Bank of Baroda raise MCLR by up to 25 bps
February 16, 2023 12:46 am
SBI hikes rates on certain retail term deposit below Rs 2 cr
Govt breaks its silence on Adani: SBI, LIC exposure within ‘limits’
February 04, 2023 1:10 pm
On nervousness in the market, Finance Minister Nirmala Sitharaman says it will hold high post Budget
Have strong reason to appeal before SC: Yes Bank CEO
January 22, 2023 6:50 am
“The judgment itself is not questioning the regulatory guidelines in term of writing down (AT1) bonds. I think there are questions in terms of the process,” the bank’s Managing Director and CEO Prashant Kumar told reporters.
Electoral bonds worth Rs 232.10 crore sold in December, 83% redeemed in Delhi
January 07, 2023 10:27 am
The entire amount was redeemed at three SBI branches -- Delhi, Hyderabad and Kolkata.
SBI Clerk Prelims Result 2022 declared: How to check at sbi.co.in
January 03, 2023 8:28 pm
SBI Clerk Prelims Result 2022: Candidates who appeared for the clerk prelims exam can check their results at the official website of SBI — sbi.co.in.
SBI plans to raise up to Rs 10,000 cr via AT1 bonds
December 15, 2022 12:02 am
In an exchange filing, SBI said the central board of the bank at its meeting on Wednesday okayed the fundraise via the Basel III-compliant debt instrument in rupee or any other convertible currency up to FY24.
