State Bank of India
The Banker to Every Indian | |
State Bank Bhavan, Nariman Point, Mumbai | |
| Company type | Public |
|---|---|
| ISIN | INE062A01020 |
| Industry | Banking, financial services |
| Predecessor | Imperial Bank of India (1921 – 1955)
|
| Founded | 1 July 1955 State Bank of India
|
| Headquarters | State Bank Bhavan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India |
Number of locations | 22,980 branches 62,200 ATMs |
Area served | India |
Key people | |
| Products |
|
| Revenue | ₹5.24 trillion (US$62 billion)[3] (2025) |
| ₹1.10 trillion (US$13 billion)[4] (2025) | |
| ₹709.1 billion (US$8.4 billion)[4] (2025) | |
| Total assets | ₹66.76 trillion (US$790 billion)[3] (2025) |
| Total equity | ₹4.86 trillion (US$57 billion)[3] (2025) |
Number of employees | 2,36,221[5] |
| Parent | Government of India (57.54%) |
| Subsidiaries |
|
| Capital ratio | Tier 1 14.28%(2024)[6] |
| Rating | |
| Website | |
| Footnotes / references [3][8][9][10] | |
State Bank of India (SBI) is an Indian multinational public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India[11] with a 23% market share by assets and a 25% share of the total loan and deposits market.[12] It is also the tenth largest employer in India with nearly 250,000 employees.[13][14][15] As of 2024, SBI has 500 million customers.[16]
The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as domestic systemically important banks (D-SIBs), which are often referred to as banks that are "too big to fail".[17][18] SBI is the 47th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list.[19] In 2024, SBI was ranked 55th in Forbes Global 2000.[20]
The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged into the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India on 1 July 1955.[21] Over the course of its 200-year history, the bank has been formed from the mergers and acquisitions of more than twenty banks.[22][23] The Government of India took control of the Imperial Bank of India in 1955, with Reserve Bank of India (India's central bank) taking a 60% stake, renaming it State Bank of India.
- ^ "govt-appoints-dinesh-kumar-khara-as-sbi-chairman-for-3-years". livemint. 6 October 2020. Retrieved 7 October 2020.
- ^ "SBI appoints Kameshwar Rao Kodavanti as CFO". The Economic Times. July 2023.
- ^ a b c d "Annual Report of State Bank of India FY 25". Retrieved 10 May 2025.
- ^ a b Cite error: The named reference
Annual Report 2025was invoked but never defined (see the help page). - ^ "Employee strength of Public Sector Banks" (PDF). Government of India, Ministry of Finance. Retrieved 24 July 2025.
- ^ "PILLAR 3 DISCLOSURES (CONSOLIDATED) AS ON 31.12.2022". bank.sbi.
- ^ a b c "Bank Ratings - Investor Relations".
- ^ "State Bank of India Consolidated Yearly Results, State Bank of India Financial Statement & Accounts". moneycontrol.com. Archived from the original on 2 July 2017. Retrieved 26 June 2017.
- ^ "State Bank of India Yearly Results, State Bank of India Financial Statement & Accounts". moneycontrol.com. Archived from the original on 20 July 2017. Retrieved 26 June 2017.
- ^ "From Imperial Bank to State Bank" (PDF). Archived (PDF) from the original on 30 October 2013. Retrieved 28 June 2017.
- ^ "SBI joins Rs 7-trillion market cap club; stock surges 26% in three months". 14 September 2022.
- ^ "Away from the public gaze, State Bank of India is preparing to unleash a revolution". Archived from the original on 22 May 2018. Retrieved 22 May 2018.
- ^ "These Are the Biggest Employers in India". 15 December 2016.
- ^ "India's eight biggest employers".
- ^ "Top Companies in India: Top Companies in India by Employee Cost, Top BSE Companies by Employee Cost, Top BSE Companies".
- ^ "SBI crosses 50 crores customer milestone, Dinesh Khara expresses gratitude".
- ^ "Monetary and Credit Information Review". Reserve Bank of India. 31 January 2024. Retrieved 1 September 2024.
Domestic Systemically Important Banks (D-SIBs) - The Reserve Bank on January 2, 2023 released the list of Domestic Systemically Important Banks (D-SIBs). State Bank of India, ICICI Bank, and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2021 list of D-SIBs.
- ^ "RBI releases 2020 list of Domestic Systemically Important Banks (D-SIBs)". Reserve Bank of India. 19 January 2021. Retrieved 1 September 2024.
- ^ "Fortune Global 50 list". Retrieved 16 January 2021.
- ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
- ^ Rajesh (2009). Banking Theory Law N Practice. Tata McGraw-Hill Education. p. 8. ISBN 978-0-07-009123-8. Retrieved 4 November 2014.
- ^ "From Imperial Bank to State Bank" (PDF). rbidocs.rbi.org.in. Retrieved 11 September 2023.
- ^ "The State Bank Of India (Subsidiary Banks) Act, 1959". Indian Kanoon. Retrieved 11 September 2023.