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
Market cap: HDFC Bank loses Rs 1 lakh crore, LIC overtakes SBI
January 18, 2024 5:45 am
Overall investor wealth falls Rs 4.53 lakh crore to Rs 370.4 lakh crore
Express View on SBI report: K-shaped questions
January 09, 2024 11:07 pm
SBI report is far too quick to dismiss evidence of growing underlying inequality. The case it makes is unpersuasive
Income inequality declines, says SBI research unit countering K-shaped eco recovery claims
January 09, 2024 7:21 am
The number of ITRs filed by people earning between Rs 10 lakh and Rs 25 lakh increased by 291 per cent while the total number of persons filing income tax increased to 7.4 crore in AY23 from 7 crore in AY22. For AY24, 8.2 crore ITRs have been filed by December 31, 2023.
SBI raises interest rates on fixed deposits by up to 50 bps
December 28, 2023 12:50 am
A fixed deposit is an investment instrument where an amount is deposited with banks for a set period and at a fixed rate of interest.
HC dismisses anticipatory bail plea of 4 accused in bank fraud case
December 19, 2023 7:32 am
The four were booked by Chandigarh Police on the basis of a complaint made by Regional Manager, SBI, Regional Business Office-I, Panchkula.
When we look around the globe, the Indian economy is doing very best: SBI Chairman Dinesh Kumar Khara
December 18, 2023 9:24 pm
Dinesh Kumar Khara says the banking system has learned from past mistakes and lending has become much better and much more informed.
SBI hikes MCLR by 5-10 basis points across different tenors, other lenders likely to follow
December 15, 2023 1:41 pm
The hikes in MCLR by the lender come even as the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 per cent in its monetary policy announced on December 8. This move is likely to be followed by other lenders, resulting in costlier loans for borrowers.
NCDRC asks SBI to pay Rs 1 lakh to account holder in Punjab whose money was fraudulently withdrawn 1,800 km away
December 13, 2023 7:50 am
Hoshiarpur resident Pankaj Kumar had not used his ATM card for over a year before the incident. The card had also remained in his possession throughout.
Wage pact: Banks to shell out additional Rs 12,500 cr a year; IBA pushes for five-day week
December 09, 2023 11:19 am
Many countries, including the US, follow the Monday-Friday working days for banks. Currently, bank branches in India are closed on second and fourth Saturdays every month.
SBI PO Mains admit card 2023 out at sbi.co.in
November 24, 2023 9:42 am
SBI PO Mains Admit Card 2023: Registered candidates can download the SBI PO Mains call letter at the official website -- sbi.co.in.
