- Full Time Employees
- 245,131
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- State Bank Bhavan Mumbai MA India 400021
- IPO Date
- Jun 2, 2004
- Business
- State Bank of India (SBI) is an Indian multinational public sector banking and financial services company that provides a full spectrum of financial products and services to individuals, enterprises, and institutions. It operates as a principal subsidiary network of the SBI Group with centralized corporate governance and widespread branch and digital channels.
Main products and services: consumer banking; corporate and institutional banking; treasury and financial markets; private banking and wealth management; retail and SME lending; depositary and transaction banking; payments and card services; remittances; asset management; mutual funds and portfolio management; insurance distribution; loan syndication and structured finance; trade finance; cash management and merchant acquiring; digital banking platforms; asset reconstruction and non-performing asset management; risk management and advisory services; correspondent banking; custody and securities services; wealth planning and brokerage through affiliated entities; corporate advisory and capital markets services.
Latest major company changes: continues to expand strategic partnerships and alliances with fintechs and technology platforms to enhance digital lending and payments ecosystems; advances in digital transformation including deployment of SBI Anywhere and YONO platforms integrating banking, investments, insurance, and payments; consolidates captive fintech collaborations to accelerate credit scoring, biometric authentication, and contactless payments; undergoes regulatory-driven structural reorganizations to optimize capital allocation, risk management, and compliance across its international and domestic operations; underscores shareholder value through potential stake acquisitions in non-banking financial entities and joint ventures; progresses in large-scale operational modernization and capacity building across its branch network and digital channels.
Additional context: operates across multiple business segments including retail banking, corporate banking, SME banking, priority sector lending, treasury, and financial services; serves individuals, small businesses, large corporates, government entities, and financial institutions; geographic footprint spans India with overseas subsidiaries and representative offices in selected regions; founded in 1955; headquartered in Mumbai, India; maintains a network of thousands of branches and regional offices and a comprehensive digital banking ecosystem; has subsidiaries and associate entities within the SBI Group.