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A state chartered bank cannot have "National" or "Federal" in its name. [citation needed]State banks are chartered and regulated by a state agency (often called the Department of Financial Institutions) in the state in which its headquarters are located.
State Savings Bank of Tasmania: established 1902, taken over by Commonwealth Bank in 1913; Victoria. State Bank of Victoria: established 1842, collapsed in 1991 and sold to the Commonwealth Bank; Western Australia. Bank of Western Australia: established 1895, privatised and sold to Bank of Scotland in 1995, now owned by Commonwealth Bank ...
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th 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. [11]
State Bank generally refers either (1) to a financial institution that is chartered by a federated state in federal countries such as Australia or the United States (as opposed to one regulated at the federal or national level), or (2) a public bank.
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
A public bank is a bank, a financial institution, in which a state, municipality, or public actors are the owners.It is an enterprise under government control. [1] Prominent among current public banking models are the Bank of North Dakota, the Sparkassen-Finanzgruppe in Germany, and many nations' postal bank systems.
The State Bank of India or SBI is an Indian multinational, public sector banking and financial services statutory body, headquartered in Mumbai. SBI is ranked as 216th in the Fortune Global 500 list of the world's biggest corporations of 2018.
Now the bank is an Associate Bank under State Bank Group and the State Bank of India holds 92.33% of shares. [5] The Bank's shares were listed in Bangalore, Chennai, and Mumbai stock exchanges. This bank had 976 branches and 10627 employees (June 2014) and the Bank has 772 branches (79%) in Karnataka State. [6]