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
SBI shares fall over 3% after Q1 earnings
August 08, 2022 12:33 pm
The stock declined 3.13 per cent to Rs 514 on the BSE. At the NSE, it went lower by 3.23 per cent to Rs 513.85.
SBI Q1 net profit falls 6.7% to Rs 6,068 crore
August 08, 2022 11:03 am
SBI’s net interest income (NII), or the difference between interest earned and expended, rose 13 per cent y-o-y to Rs 31,196 crore. The domestic net interest margin (NIM) fell 17 basis points (bps) sequentially to 3.23 per cent.
Electoral bonds: Parties mop up over Rs 10,000 crore since 2018
August 01, 2022 8:33 am
Electoral bonds are purchased anonymously by donors and are valid for 15 days from the date of issue. A debt instrument, these can be bought by donors from a bank, and the political party can then encash them.
India seems to be doing well compared to others; fuel price a challenge: Chairman, SBI
July 25, 2022 3:17 pm
Dinesh Kumar Khara added artificial intervention for rupee does not have any long-term impact.
SBI receives board's approval to raise up to Rs 11,000 crore
July 21, 2022 12:50 pm
The country's largest lender in terms of asset size and customer base plans to raise fresh Additional Tier 1 (AT1) capital up to Rs 7,000 crore, subject to the government's concurrence. Also, it plans to raise fresh Tier 2 capital of up to Rs 4,000 crore.
SBI chairman: Artificial intervention doesn’t work
July 20, 2022 9:02 am
Speaking to The Indian Express, Khara said, “I think that it (intervention by central bank) really doesn’t work.... Artificial intervention does not really have any long-term impact, it can only have a temporary impact.”
Privatise all PSBs except SBI for now, says report
July 13, 2022 5:03 am
The report says that the government should start privatisation exercises with two strong banks.
CBI books two firms for duping SBI of Rs 2149 cr
July 12, 2022 7:47 am
The accused have been identified as Ushdev International Limited and its directors-guarantors Suman Vijay Gupta and Prateek Vijay Gupta, among others.
SBI signs pact with Karnataka to open India's first branch for startups
July 10, 2022 6:51 am
The collaboration between SBI and the Karnataka Digital Economy Mission will enable startups across the state to access banking facilities, funding, credit facilities.
To scale up efficiency, SBI, subsidiaries reshuffle top deck
June 16, 2022 11:59 am
SC Setty, who had been looking after the area of retail business & digital banking until now, has been made MD (International Banking, Global Markets & Technology).
