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
Indian banks raise $2 billion via infrastructure bonds in two weeks
December 09, 2022 6:10 pm
Two private lenders and one state-run bank have tapped the market to raise funds using these bonds in this period. Last week, the nation's largest lender State Bank of India raised 100 billion Indian rupees ($1.22 billion) in the largest such issue.
SBI's personal loan portfolio crosses Rs 5 lakh cr mark
December 06, 2022 12:31 am
“A series of tactical measures and digital initiatives undertaken over the past few years played a crucial role in our journey to the Rs 5 lakh crore under personal banking advances (other than housing),” said Dinesh Khara, chairman, SBI.
SBI PO Recruitment 2022: Hall tickets released; here's how to download
December 05, 2022 9:05 pm
SBI PO Recruitment 2022: The candidates can download the admit card from the official websites — sbi.co.in or ibps.in.
SBI raises Rs 10,000 cr via maiden infra bonds
December 03, 2022 7:08 am
The amount raised through these bonds, having 10-year maturity, will be utilized in enhancing long term resources for funding infrastructure and affordable housing segments, the bank said in a release.
Electoral Bonds: Govt pays Rs 9.53 crore as SBI commission, printing costs
December 07, 2022 2:56 pm
The total amount collected by parties through EBs has gone up to Rs 10,791 crore from various anonymous donors in 22 phases since 2018 when the Electoral Bond Scheme was introduced. As many as 93.67 per cent of EBs are in Rs 1 crore denomination.
Nothing can be safe when fence starts eating the crop: Punjab and Haryana HC
November 27, 2022 7:55 am
The High court junked bail plea of bank cashier who ‘withdrew’ `46.30 lakh from account of deceased woman
SBI Recruitment: Applications invited for 65 specialist cadre officer posts
November 25, 2022 6:33 am
SBI Specialist Cadre Officer Recruitment: SBI has invited applications for a total of 65 posts. Interested and eligible candidates can apply at sbi.co.in.
SBI hikes MCLR by up to 15 bps across tenors
November 16, 2022 1:28 am
The lending rates for some shorter-term maturities have been increased by 15 bps and are in the range of 7.60-8.05 per cent, while the rates for loans maturing in two and three years are 8.25 per cent and 8.35 per cent, according to information on its website.
Credit growth of 14-16% expected in FY23: SBI chief
November 05, 2022 10:51 pm
This was the highest-ever quarterly net profit posted by the lender, on the back of healthy net interest income (NII) growth and fall in bad loan provisioning.
SBI Clerk Admit Card released; here's how to download
November 01, 2022 7:37 am
SBI Clerk admit card 2022 released, candidates can check the admit card at ibpsonline.ibps.in/sbijajul22. The admit card is available for download till November 25.
