State Bank of India

State Bank of India
	The Banker to Every Indian
	State Bank Bhavan, Nariman Point, Mumbai
Company type	Public
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	1 July 1955; State Bank of India 27 January 1921; Imperial Bank of India 2 June 1806; Bank of Calcutta 15 April 1840; Bank of Bombay 1 July 1843; Bank of Madras;
Headquarters	State Bank Bhavan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
Number of locations	22,542 branches ; 63,580 ATMs
Area served	India
Key people	C. Sreenivasulu Setty (chairman); Kameshwar Rao Kodavanti (CFO);
Products	Retail banking; Corporate banking; Investment banking; Mortgage loans; Private banking; Wealth management; Asset management; Investment management; Credit cards; Insurance;
Revenue	₹5.24 lakh crore (US$62 billion) (2025)
Operating income	₹1.10 lakh crore (US$13 billion) (2025)
Net income	₹70,910 crore (US$8.4 billion) (2025)
Total assets	₹66.76 lakh crore (US$790 billion) (2025)
Total equity	₹4.86 lakh crore (US$57 billion) (2025)
Number of employees	232,296 (31 March 2024)
Parent	Government of India (57.54%)
Subsidiaries	SBI Life Insurance Ltd; SBI Mutual Fund (63%); SBI Cards and Payment Services Ltd (68.63%); SBI General Insurance (69.11%);
Capital ratio	Tier 1 14.28%(2024)
Rating	S&P BBB− / A-3/ Stable; Moody's Baa3/ P-3/ Stable; Fitch BBB− / F-3/ Stable;
Website	sbi.co.in; bank.sbi; onlinesbi.sbi;
	Footnotes / references;

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 with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. As of 2024, SBI has 500 million customers.

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". 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. In 2024, SBI was ranked 55th in Forbes Global 2000.

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. Over the course of its 200-year history, the bank has been formed from the mergers and acquisitions of more than twenty banks. 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.