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 Foundation announces Asha Scholarship programme 2024
September 07, 2024 10:36 am
The Asha Scholarship programme is dedicated to identifying and supporting meritorious students from the most underserved backgrounds.
We’re not getting into rate war, competition for deposits to continue: SBI Chairman
August 31, 2024 12:54 am
Banks have been witnessing a bigger growth in credit offtake and a sluggish growth in deposits of late.
Banks woo depositors with special schemes amid contest with markets
August 18, 2024 7:17 am
According to bank officials, current and savings bank (CASA) deposits declined during the quarter. SBI’s CASA deposits fell to Rs 19.41 lakh crore from Rs 19.14 lakh crore in March 2024.
Cabinet clears Setty for SBI Chairman post
August 07, 2024 12:47 am
Three managing directors (MDs) of the SBI -- C.S. Setty, Ashwini Kumar Tewari and Vinay M. Tonse – appeared for the Chairman’s interview on June 29.
SBI’s net profit rises marginally in first quarter
August 04, 2024 12:20 am
In absolute terms, gross NPAs were Rs 84,226.04 crore as of June 30, down from Rs 84,276.33 crore as of March 2024 and Rs 91,327.84 crore in June 2023.
SBI, BoB raise MCLR by 5-10 bps
July 16, 2024 12:47 am
At the end of March 2024, the share of EBLR linked loans in total outstanding floating rate rupee loans of banks was 57.5 per cent while that of MCLR linked loans was 38.3 per cent.
SBI raises Rs 10,000 crore through long-term infrastructure bonds
July 11, 2024 8:46 am
The issue received bids in excess of Rs 18,145 crore and was oversubscribed by around 3.6 times against the base issue size of Rs 5,000 crore, the bank said.
FSIB recommends Setty for SBI Chairman post
July 01, 2024 9:54 am
SBI’s current Chairman Dinesh Kumar Khara is retiring on August 28, when he turns 63.
SBI plans to open 400 branches in FY25: Chairman Khara
June 23, 2024 11:53 pm
SBI General Insurance reported a 30.4 per cent rise in net profit to Rs 240 crore for the financial year ended March 2024.
State Bank of India to raise Rs 200 billion via long-term bonds in FY25
June 19, 2024 3:12 pm
Last week, SBI also approved raising $3 billion through a public offer or private placement of senior unsecured notes in U.S. dollars or any other major foreign currency.
