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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.
SBI Capital Markets (SBICAPS) is a wholly owned investment banking subsidiary of State Bank of India (SBI). [3] Headquartered in Mumbai, SBICAPS has 6 regional offices across India (Ahmedabad, Chennai, Hyderabad, Kolkata, New Delhi and Bengaluru) and the United Arab Emirates (Abu Dhabi), and 2 subsidiaries - SBICAP Securities Limited and SBICAP ...
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.
The SBI group consists of SBI and its numerous Subsidiaries. The group has an extensive network, with over 22,405 branches in India and another 235 offices in 29 countries across the world. As of 31 March 2023, the group had assets worth US$790 billion, deposits of US$532.18 billion and capital & reserves in excess of US$39.41 billion.
Remittances to India are money transfers (called remittance) from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in India.
SBI General Insurance was founded in 2009. [5] It started operations in 2010, as a joint venture between State Bank of India (SBI) and Insurance Australia Group (IAG). [6]In September 2018, the company sold a 4 per cent stake to Axis Asset Management Company and Premji Invest for ₹ 4.82 billion (US$56 million) crore.
SBI Card was launched in May 1998 by the State Bank of India and GE Capital. In December 2017, the State Bank of India and The Carlyle Group [4] acquired a stake in the company. SBI Card is headquartered in Gurugram, Haryana/Delhi NCR. DLF Infinity Towers, Tower C, 12th Floor, Block 2, Building 3, DLF Cyber City, Gurgaon -122002(Haryana) India.