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 report: Costly oil may hit govt with up to Rs 1 lakh crore in revenue loss
February 26, 2022 12:46 am
The average price of Indian basket of crude oil has risen to $84.67 per barrel in January 2022 from $63.4 in April 2021, a 33.5 per cent increase. According to SBI calculations, every $10 per barrel increase in Brent crude price will lead to increase in inflation by 20- 25 bps.
No effort to delay ABG Shipyard case: SBI
February 14, 2022 12:08 am
Account has been declared a fraud involving Rs 22,842 crore; first complaint with CBI filed in November 2019, second in December 2020, says bank
Bengaluru: Engineer robs bank after loss in stock market, arrested
January 22, 2022 4:42 pm
The 28-year-old mechanical engineer robbed Rs 3.76 lakh cash and 1.80 kg gold ornaments from an SBI branch at Madiwala.
Google search for SBI customer care number leads elderly man to fraudster, loses over Rs 4 lakh
January 11, 2022 12:15 pm
After the septuagenarian called on the number, the fraudster, who introduced himself as Manish Gupta from SBI, guided him to download and install the Anydesk application to get remote access to his phone.
SBI not to levy service charge on IMPS transactions done through digital banking channels
January 05, 2022 12:56 pm
Informing its customers, State Bank of India (SBI) said that it has increased the IMPS transaction limit to Rs 5 lakh with NIL charges for transactions done through digital channels.
Robbers kill SBI bank peon, loot Rs 2.5 lakh in Dahisar
December 30, 2021 9:15 am
As the robbers barged in, Sandesh Gomane, who worked as a peon on a contractual basis, got up and was shot within seconds by one of the accused who was hiding a pistol behind his bag.
SBI hikes base rate by 0.1%
December 17, 2021 11:37 am
With the increase the revised base rate is 7.55 per cent, as per the information posted on SBI's website.
CBI books Surat firm for causing loss of over Rs 200 cr to SBI
December 07, 2021 3:02 am
According to CBI officials, a case was lodged against Siddhi Vinayak Logistics Limited and its directors Roopchand Baid, Rajkumar Baid, Laxmi Devi Baid, Deepak Kumar Baid and other unknown public servants for allegedly causing a loss of Rs 214.11 crore to SBI, Ahmedabad.
Explained: Why SBI projects India’s GDP to grow by 8.1% in Q2 this year
November 22, 2021 12:56 pm
SBI has also revised its GDP growth projection for the year to 9.3-9.6 per cent.
Understanding why the informal sector really shrank during the pandemic
November 19, 2021 8:10 am
R Nagaraj, Radhicka Kapoor write: It was not because of micro and small informal firms’ transition to formality, but because they were squeezed out by large formal enterprises
