State Bank of India
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Rana Ashutosh Kumar Singh
- Full Time Employees
- 245,131
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- State Bank Bhavan, Corporate Centre Mumbai MA India 400021
- IPO Date
- Jun 6, 2007
- Website
- sbi.bank.in
- Similar Companies
- Business
- State Bank of India (SBIN) is India's largest public sector bank, providing a comprehensive range of banking and financial services to retail, corporate, and institutional customers. The bank offers personal banking products including savings and current accounts, fixed and recurring deposits, home, auto, and personal loans; corporate banking services such as working capital finance, trade finance, project finance, and cash management; treasury operations involving foreign exchange, derivatives, and government securities; wealth management and insurance products through subsidiaries; and digital banking platforms like YONO for mobile and internet banking. It operates over 22,000 branches and 65,000 ATMs across India and maintains a global presence with 234 offices in 36 countries, serving non-resident Indians, trade finance needs, and correspondent banking relationships. Founded in 1806 through the merger of imperial banks and nationalized in 1955, the bank is headquartered in Mumbai, India, and is majority-owned by the Government of India. In recent developments, State Bank of India completed the merger of its 10 associate banks and Bharatiya Mahila Bank into itself in 2017, streamlining operations and expanding its branch network; launched YONO 2.0 in 2024, an AI-enhanced super app integrating banking, shopping, and lifestyle services; raised approximately $2.7 billion through equity offerings in 2024 to bolster capital base amid growth; formed strategic partnerships with global firms like Mastercard for co-branded credit cards and with fintechs for digital lending platforms; and expanded international operations by opening new branches in key markets like the UAE and Singapore while focusing on sustainable finance initiatives including green bonds issuance totaling over INR 100 billion in the past two years. These changes support the bank's strategic shift toward digital transformation, retail expansion, and sustainable lending, positioning it to meet evolving customer demands in a competitive landscape. The bank serves diverse segments including SMEs, agriculture, MSMEs, and large corporates, with subsidiaries like SBI Life Insurance, SBI Cards, SBI General Insurance, and SBI Capital Markets enhancing its ecosystem.
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