State Bank Of India: Indian public sector bank and financial services organization

State Bank of India
	Wiki Simple English
	Wiki Simple English
Formerly	Imperial Bank of India
Company type	Public Sector Undertaking
Traded as	NSE: SBIN; BSE: 500112; LSE: SBID; BSE SENSEX Constituent; NSE NIFTY 50 Constituent;
ISIN	INE062A01020
Industry	Banking, financial services
Predecessor	Imperial Bank of India; (1921 – 1955); Bank of Calcutta; (1806 – 1921); Bank of Bombay; (1840 – 1921); Bank of Madras; (1843 – 1921);
Founded	2 June 1806; Bank of Calcutta; 15 April 1840; Bank of Bombay; 1 July 1843; Bank of Madras; 27 January 1921; Imperial Bank of India; 1 July 1955; 68 years ago; State Bank of India;
Headquarters	State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
Number of locations	22,219 Branches, 62,617 ATMs in India, International: 229 Branches in 31 countries
Area served	Worldwide
Key people	Dinesh Kumar Khara ; (Chairman)
Products	Retail banking; Corporate banking; Investment banking; Mortgage loans; Private banking; Wealth management; Credit cards; Finance and Insurance;
Revenue	₹385,338 crore (US$51 billion) (2021)
Operating income	₹78,898 crore (US$10 billion) (2021)
Net income	₹22,405 crore (US$2.9 billion) (2021)
Total assets	₹4,845,619 crore (US$640 billion) (2021)
Total equity	₹274,669 crore (US$36 billion) (2021)
Number of employees	245,642 (March 2021)
Parent	Government of India
Subsidiaries	SBI Life Insurance Ltd; SBI Cards and Payment Services Ltd; SBI General Insurance (70%); Jio Payments Bank (30%); Yes Bank (30%); Andhra Pradesh Grameena Vikas Bank (35%); Kaveri Grameena Bank (35%);
Website	bank.sbi

SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees.

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 in 1955. 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.

History

The State Bank of India was established on July 1, 1955.

Symbol and slogan

The symbol of the State Bank of India is a circle with a small man at the center of the circle. The circle is a symbol of perfection and the common man is at the centre of the bank's business.

The bank is known by several slogans, including

"Pure banking nothing else"
"With you—all the way"
"Banker to every Indian"

Associate banks

SBI has five associate banks.

State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore

References

Other websites

Media related to state Bank of India at Wiki Commons

State Bank of India website Archived 2017-01-15 at the Wayback Machine
The State Bank of India Act, 1955 (23 of 1955)

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