State Bank of India
Products and Services:
- Retail Banking: Savings accounts, personal loans, and credit cards
- Corporate Banking: Business loans, trade finance, and working capital solutions
- Digital Banking: YONO app, internet banking, and payment solutions
- Other Services: Wealth management, insurance, and investment products
Key Financial Metrics (as of 2024):
- Revenue: ₹4,70,000 crore (approx.)
- Net Profit: ₹55,000 crore (approx.)
- Market Capitalization: ₹5.7 lakh crore (approx.)
Presence:
- Branches: Over 22,000 across India
- ATMs: More than 58,000 nationwide
- International Operations: Presence in 31 countries with over 200 offices
Recognition:
- India’s largest bank by assets and customer base
- A Fortune Global 500 company
- Known for its legacy, digital innovation, and wide-reaching rural banking network
State Bank of India (SBI) is India’s largest public sector bank, serving as a cornerstone of the country’s financial ecosystem. Established in 1955, SBI has a rich history rooted in the Imperial Bank of India and is headquartered in Mumbai. With over 22,000 branches and 58,000 ATMs across the nation, SBI offers a comprehensive range of services, including retail and corporate banking, wealth management, and digital solutions like the YONO app. Its strong global presence spans 31 countries, making it a trusted partner for businesses and individuals worldwide.
Like Reliance’s significant influence in energy and telecom, SBI drives India’s financial inclusion and economic development. The bank’s commitment to digital transformation, customer-centric services, and rural outreach has cemented its position as a leader in the banking sector. As a Fortune Global 500 company, SBI continues to shape the financial landscape of India, fostering growth and innovation while maintaining its legacy of trust and reliability.
State Bank of India (SBI): Basic Information
Full Name: State Bank of India
Type: Public Sector Bank
Headquarters: Mumbai, Maharashtra, India
Founded: 1955 (as SBI)
Predecessor: Imperial Bank of India (founded in 1921)
Chairman: Dinesh Kumar Khara (as of 2025)
Tagline: The Banker to Every Indian
Industry: Banking and Financial Services