Journalism of Courage
State Bank Of India
Follow on:
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
Related Other Pages:
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 posts ‘record’ quarterly net as asset quality improves
November 04, 2021 4:37 am
September quarter net profit jumps 67% to `7,626 crore.
SBI Q2 consolidated profit surges 69% to Rs 8,890 crore
November 03, 2021 2:44 pm
The total income of the SBI group rose to Rs 1,01,143.26 crore in the quarter under review, compared to Rs 95,373.50 crore in the year-ago period.
Explained: The case against former SBI chief Chaudhuri, and the bank's defence
November 02, 2021 12:59 pm
According to police, the allegation against Pratip Chaudhuri was that SBI had sold properties that were worth Rs 200 crore to Alchemist ARC for only Rs 25 crore after seizing them for default on a Rs 24-crore loan.
Pune: Fraudster dupes 77-year-old man of Rs 59,200 at ATM
October 19, 2021 9:01 am
Police said the complainant had gone to an ATM run by State Bank of India where the fraudster approached him and offered to help in getting a mini statement from the machine.
Home loan: Competition heats up as banks go on interest rate cutting spree
September 19, 2021 7:45 am
Although the Reserve Bank of India (RBI) has kept the policy rates unchanged at four per cent in the last seven review meetings, many banks last week slashed the home loan rates.
Account Aggregators: New framework to access, share financial data
September 08, 2021 11:11 am
An Account Aggregator is a non-banking financial company engaged in the business of providing, under a contract, the service of retrieving or collecting financial information pertaining to its customer.
Mumbai: Bank staffers among seven convicted for loan fraud
August 31, 2021 8:59 am
The court sentenced the accused -- most of whom are now senior citizens --- to punishments ranging from five years to one year and fine up to Rs 23 lakh.
Ahead of festive season, SBI cuts gold loan rates
August 17, 2021 12:27 am
The bank has announced a 100 per cent waiver on processing fees for its car loan customers across all channels.
SBI net profit in Q1 surges 55% to Rs 6,504 crore
August 04, 2021 3:17 pm
State Bank of India's (SBI) standalone total income increased to Rs 77,347.17 crore in the first quarter of 2021-22 as against Rs 74,457.86 crore in the same period a year ago, according to regulatory filing.
Parties get Rs 150.51 crore via electoral bonds in July; over half from SBI Kolkata branch
August 02, 2021 11:57 pm
As much as Rs 126 crore bonds were of the face value of Rs 1 crore each and Rs 23.60 crore bonds were of the face value of Rs 10 lakh each, SBI said.
