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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]
The then General Secretary of the association Mr. E.A. George Moses, founded the State Bank of India Officers Association Educational Trust in the year 1978 and established educational institutions for the benefit of the officers' children and later for serving the society. This service is given irrespective of caste, creed or colour.
Challa Sreenivasulu Setty (born 26 September 1965), also known as C.S. Setty, is an Indian banker and current Chairman of State Bank of India, India's largest public sector bank. As one of the Managing directors, he looked after International Banking, Global Markets and Technology verticals before succeeding Dinesh Kumar Khara as the 27th ...
As per government, ONDC will charge 8–10% of the selling price of the product compare to 18–40% charged by Amazon and Flipkart. The commission rate is not fixed and will be decided by market forces. [56] Small retailers are also less to fear that the platform will open dark stores. [57] Restaurants will have access to customer data. [58]
The chairperson of the State Bank of India is the chief executive officer of India's largest scheduled commercial bank and the ex-officio chair of its Central Board of Directors. Since its establishment in 1955 by the government of India , the State Bank of India has been headed by twenty-seven chairpersons.
SBI Holdings, sometimes referred to as Strategic Business Innovator Group, (TYO: 8473) is a financial services company group based in Tokyo, Japan. [2] The group's businesses and companies are held primarily at SBI Holdings. Some of the most prominent subsidiaries are SBI Securities, SBI Shinsei Bank and SBI Investments.
Dinesh Kumar Khara (born 28 August 1961) is a career banker and former chairman of the State Bank of India a position he assumed on 7 October 2020 and served there till 28 August 2024. [ 1 ] [ 2 ] [ 3 ]
In 1960, the State Banks of India was given control of eight state-associated banks under the State Bank of India (Subsidiary Banks) Act, 1959. However the merger of these associated banks with SBI went into effect on 1 April 2017. In 1969, the Government of India nationalised 14 major private banks; one of the big banks was Bank of India.