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 raises MCLR by 10 bps across tenors
June 15, 2024 12:45 am
The revised MCLR for two-year and three-year MCLRs are 8.85 per cent and 8.95 per cent, respectively. The new rates are effective from today.
‘Remove immediately’: SBI asks X user to delete photo showing empty branch at lunch break
June 02, 2024 5:30 pm
The customer visited the SBI branch at 3 pm.
SBI raises short-term retail fixed deposit rates by up to 75 bps
May 16, 2024 12:15 pm
Banks increase deposit rates to meet higher demand for loans. In FY2024, SBI’s gross advances grew by 15.24 per cent and deposits by 11.13 per cent.
Conditions in India shaping up for an upshift in real GDP growth: SBI Chairman
May 10, 2024 10:00 am
SBI expects to maintain a credit growth of 14-16 per cent in the financial year 2025, with momentum continuing in retail and corporate loans, the Chairman said.
SBI Q4 profit grows 18% to Rs 21,384 crore
May 09, 2024 2:39 pm
On a standalone basis, profit grew to Rs 20,698.35 crore from Rs 16,694.51 crore a year ago, the lender said in a regulatory filing.
India needs 3 strong telecom companies: SBI Chairman Khara
April 26, 2024 12:47 am
Vodafone raised Rs 18,000 crore from the market earlier this week. The sector continues to flourish and continues to be the backbone of digitalisation, he said.
SBI yet to submit bill for 8,350 electoral bonds: Govt
April 18, 2024 1:02 am
Moreover, the government may have to shell out Rs 43.90 lakh to SBI for the 30th phase of the electoral bond sale in January this year.
All electoral bond details handed to Election Commission: SBI to Supreme Court
March 21, 2024 4:39 pm
In an affidavit filed before the top court, the SBI chairman said that “on 21.03.2024, the State Bank of India has provided/disclosed all details of the electoral bonds which are in its possession and custody to the Election Commission of India”.
SBI PO 2023: Final exam result declared; how to check
March 20, 2024 9:56 am
Students appeared in Psychometric Test and Interview and group Round of SBI PO 2023 can checkresult at the official webiste--sbi.co.in
Express View on SC’s direction to SBI on electoral bonds: Fuller disclosure
March 19, 2024 7:21 am
SBI should not wait for Court to prod it, parties must step forward to place more information on electoral bonds in public domain
