State Bank of India |
State Bank of India (SBI) was founded in 1806 in Kolkata and is the largest and oldest bank in India. SBI is the largest bank in India by profits, assets, deposits and market capitalization. It is 59.41% owned by the Government of India. With about 223,000 employees, SBI has the largest branch network in the country consisting of 21,500 branches (including branches of associate banks). It also has about 100,000 offices and over 25,000 ATMs nationwide. It has a market share among Indian commercial banks of about 20% in deposits and advances. In addition, the Bank operates over 170 offices in 37 countries, including the US, UK, Singapore, Canada, Mauritius, Nigeria, Malaysia, Brazil, South Korea, Saudi Arabia and Qatar. SBI is the 50th largest bank in the world and the only Indian bank to feature in the Fortune 500 list. As of September 30, 2011, it had Rs.16.906 trillion (US$342.4 billion) in total assets and Rs.908.227 billion (US$18.39 billion) in total equity. Associate banks: State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore. Headquarters address: London main branch: New York Branch: Los Angeles Agency: San Jose Branch: |
