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State Bank of India (SBI) is an Indian public sector multinational banking and financial services company. The company is included in the Fortune Global 500 list and it is a government owned corporation and it has its headquarters in Mumbai, Maharashtra. SBI is the largest banking and financial service in India with an asset of Rs 20,480 trillion and more than 14,000 branches which includes 191 foreign offices that are spread across 36 countries. Founded in 1806, SBI is the oldest commercial bank in Indian subcontinent and it is a banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.

The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921.Primarily Anglo-Indian creations, the three presidency banks came into existence either as a result of the compulsions of imperial finance or by the felt needs of local European commerce and were not imposed from outside in an arbitrary manner to modernise India's economy. Their evolution was, however, shaped by ideas culled from similar developments in Europe and England, and was influenced by changes occurring in the structure of both the local trading environment and those in the relations of the Indian economy to the economy of Europe and the global economic framework.The establishment of the Bank of Bengal marked the advent of limited liability, joint-stock banking in India. So was the associated innovation in banking, viz. the decision to allow the Bank of Bengal to issue notes, which would be accepted for payment of public revenues within a restricted geographical area. This right of note issue was very valuable not only for the Bank of Bengal but also its two siblings, the Banks of Bombay and Madras. It meant an accretion to the capital of the banks, a capital on which the proprietors did not have to pay any interest. The concept of deposit banking was also an innovation because the practice of accepting money for safekeeping (and in some cases, even investment on behalf of the clients) by the indigenous bankers had not spread as a general habit in most parts of India. But, for a long time, and especially upto the time that the three presidency banks had a right of note issue, bank notes and government balances made up the bulk of the investible resources of the banks.The three banks were governed by royal charters, which were revised from time to time. Each charter provided for a share capital, four-fifth of which were privately subscribed and the rest owned by the provincial government. The members of the board of directors, which managed the affairs of each bank, were mostly proprietary directors representing the large European managing agency houses in India. The rest were government nominees, invariably civil servants, one of whom was elected as the president of the board.Bank of Madras merged into the other two "presidency banks" in British India, Bank of Calcutta and Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. Government of India owned the Imperial Bank of India in 1955, with Reserve Bank of India (India's Central Bank) taking a 60% state, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.

The logo of SBI is a blue circle with a small cut in the bottom and the logo depicts perfection and the small man the common man- being the center of the bank’s business. The logo is inspired by Kankaria Lake and the logo came from National Institute of Design (NID). SBI provides a range of banking products through its network of branches in India and overseas, including products aimed at Non Resident Indians (NRIs). SBI has 14 regional hubs and 57 Zonal Offices that are located at important cities throughout India. Other associated banks of SBI include State Bank of Patiala, State Bank of Mysore, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Travancore and BharatiyaMahilaBank.

ArundhattiBhattarchyais the current chairman of SBI.SBI is one of the largest employers in the country having 222,033 employees as on 31 March 2014, out of which there were 45,132 female employees (20%) and 2,610 (1%) employees with disabilities. On the same date, SBI had 42,744 Schedule Caste (19%) and 17,243 Schedule Tribe (8%) employees. The percentage of Officers, Assistants and Sub-staff was 36%, 46% and 18% respectively on the same date Hiring drive: 1,776 Assistants and 1,394 Officers joined the Bank in FY 2013-14, for expansion of the branch network and to mitigate staff shortage, particularly at rural and semi-urban branches.

SBI Cuts MCLR by 5 Basic Points Making Home, Car Loans Cheaper; FDs to Fetch Lower Returns From Feb 10
India.com News Desk | February 7, 2020 12:52 PM IST
New Delhi: The State Bank of India announced a cut in retail fixed deposits or FD rates. The latest ...
SBI Cuts MCLR by 5 Basic Points Making Home, Car Loans Cheaper; FDs to Fetch Lower Returns From Feb 10
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2020-02-07T01:52:43+00:00
2020-02-07T01:54:41+00:00
State Bank Of India
India.com
SBI Bank Customers Alert! State Bank of India May Freeze Your Account After Feb 28, Here's Why
India.com News Desk | February 7, 2020 12:16 PM IST
New Delhi: India's largest lender, State Bank of India has issued a notice asking its customers to c...
SBI Bank Customers Alert! State Bank of India May Freeze Your Account After Feb 28, Here's Why
indiacom
2020-02-07T01:16:02+00:00
2020-02-07T01:16:02+00:00
State Bank Of India
India.com
Amid NBFC Crisis, SBI Reminds RBI of Its Role as Lender of Last Resort
IANS | January 18, 2020 10:04 PM IST
New Delhi: Economists at the State Bank of India (SBI) have reminded the central bank that they shou...
Amid NBFC Crisis, SBI Reminds RBI of Its Role as Lender of Last Resort
indiacom
2020-01-18T11:04:23+00:00
2020-01-18T11:04:23+00:00
State Bank Of India
India.com
SBI Slashes Long-term Fixed Deposits Interests by 15bps | Know Latest Rates Here
India.com Business Desk | January 14, 2020 3:44 PM IST
New Delhi: The State Bank of India (SBI) on Tuesday announced that it has initiated a cut in retail ...
SBI Slashes Long-term Fixed Deposits Interests by 15bps | Know Latest Rates Here
indiacom
2020-01-14T04:44:50+00:00
2020-01-14T04:44:50+00:00
State Bank Of India
India.com
Banking Operation, ATM Services to be Affected as Trade Unions Call For Nationwide Strike on Jan 8
India.com Business Desk | January 6, 2020 4:57 PM IST
New Delhi: As a number of bank employees will be joining an all-India general strike or 'Bharat Band...
Banking Operation, ATM Services to be Affected as Trade Unions Call For Nationwide Strike on Jan 8
indiacom
2020-01-06T05:57:15+00:00
2020-01-06T05:57:15+00:00
State Bank Of India
India.com
SBI Clerk Recruitment 2020 Registration Begins at sbi.co.in | Know Here Steps to Apply
India.com Education Desk | January 3, 2020 2:59 PM IST
SBI Clerk Recruitment 2020: The State Bank of India (SBI) has released the notification, announcing ...
SBI Clerk Recruitment 2020 Registration Begins at sbi.co.in | Know Here Steps to Apply
indiacom
2020-01-03T03:59:22+00:00
2020-01-03T03:59:22+00:00
State Bank Of India
India.com
Mumbai Court Allows Banks to Utilise Vijay Mallya's Movable Assets to Recover Debt
India.com Business Desk | January 1, 2020 11:06 PM IST
New Delhi: A year after former liquor baron Vijay Mallya was declared as India's fugitive economic o...
Mumbai Court Allows Banks to Utilise Vijay Mallya's Movable Assets to Recover Debt
indiacom
2020-01-01T12:06:26+00:00
2020-01-01T12:06:26+00:00
State Bank Of India
India.com
Aadhaar, ITR, NEFT, SBI: Know All New Rules Coming Into Effect From Today
India.com Business Desk | January 1, 2020 1:48 PM IST
New Delhi: The new year has come will a lot of changes in financial transactions. Magnetic Stripe AT...
Aadhaar, ITR, NEFT, SBI: Know All New Rules Coming Into Effect From Today
indiacom
2020-01-01T02:48:57+00:00
2020-01-01T02:48:57+00:00
State Bank Of India
India.com
These Debit Cards May Get Blocked After December 31 | All You Need to Know
India.com Business Desk | December 31, 2019 10:18 AM IST
SBI, PNB, HDFC, ICICI, Debit Card Customers: According to the Reserve Bank of India (RBI) guidelines...
These Debit Cards May Get Blocked After December 31 | All You Need to Know
indiacom
2019-12-30T23:18:13+00:00
2019-12-30T23:38:48+00:00
State Bank Of India
India.com
Deadline to Replace SBI ATM-Cum-Debit Cards Nears, December 31 Last Date
India.com Business Desk | December 30, 2019 6:32 PM IST
New Delhi: Users of the State Bank of India (SBI) ATM-cum-debit cards should rush to replace their c...
Deadline to Replace SBI ATM-Cum-Debit Cards Nears, December 31 Last Date
indiacom
2019-12-30T07:32:30+00:00
2019-12-30T07:32:25+00:00
State Bank Of India
India.com
SBI Introduces OTP-based ATM Cash Withdrawal System From January 1 | All You Need to Know
India.com News Desk | December 27, 2019 5:55 PM IST
New Delhi: Customers of the State Bank of India, here comes a word of caution for you. The bank from...
SBI Introduces OTP-based ATM Cash Withdrawal System From January 1 | All You Need to Know
indiacom
2019-12-27T06:55:37+00:00
2019-12-27T06:55:37+00:00
State Bank Of India
India.com
SBI Account Holders Can Now Shop Without Carrying Cash or Debit Card in Hand, Read to Know More
India.com Business Desk | December 23, 2019 12:36 PM IST
New Delhi: The State Bank of India has ensured a risk-free shopping experience for its customers by ...
SBI Account Holders Can Now Shop Without Carrying Cash or Debit Card in Hand, Read to Know More
indiacom
2019-12-23T01:36:26+00:00
2019-12-23T01:36:26+00:00
State Bank Of India
India.com
SBI Customers Can Open Zero Balance Savings Account Without Providing KYC Documents | All You Need to Know
India.com News Desk | December 23, 2019 10:19 AM IST
New Delhi: Anyone can open a zero balance savings account in the State Bank of India without providi...
SBI Customers Can Open Zero Balance Savings Account Without Providing KYC Documents | All You Need to Know
indiacom
2019-12-22T23:19:42+00:00
2019-12-22T23:46:49+00:00
State Bank Of India
India.com
'Think Twice Before You Plug in Your Phone at Charging Stations', SBI Issues an Alert - Details Here
India.com News Desk | December 13, 2019 7:23 AM IST
SBI Alert: The State Bank of India has warned its customers against plugging-in their phone at charg...
'Think Twice Before You Plug in Your Phone at Charging Stations', SBI Issues an Alert - Details Here
indiacom
2019-12-12T20:23:00+00:00
2019-12-13T00:06:29+00:00
State Bank Of India
India.com
RBI Had No Objection to Issue Electoral Bonds Through SBI: Sitharaman in Rajya Sabha
India.com News Desk | December 10, 2019 9:42 PM IST
New Delhi: At a time when the Central government and the Opposition are in a tug of war over elector...
RBI Had No Objection to Issue Electoral Bonds Through SBI: Sitharaman in Rajya Sabha
indiacom
2019-12-10T10:42:07+00:00
2019-12-10T21:34:19+00:00
State Bank Of India
India.com
SBI Cuts Lending Rates by 10 Bps, Home Loans Get Cheaper- Here's All You Need to know
India.com News Desk | December 9, 2019 1:00 PM IST
New Delhi: The State Bank of India (SBI) on Monday announced a cut in marginal cost of funds-based l...
SBI Cuts Lending Rates by 10 Bps, Home Loans Get Cheaper- Here's All You Need to know
indiacom
2019-12-09T02:00:59+00:00
2019-12-09T04:03:57+00:00
State Bank Of India
India.com
Shocking! Rs 12 Crore Stolen From AIIMS SBI Bank Accounts
India.com News Desk | November 30, 2019 6:56 PM IST
New Delhi: With banking frauds on the rise, this time the country's top medical institute AIIMS fell...
Shocking! Rs 12 Crore Stolen From AIIMS SBI Bank Accounts
indiacom
2019-11-30T07:56:01+00:00
2019-11-30T07:56:01+00:00
State Bank Of India
India.com
HDFC Bank Alerts Customers of Fake Bulk Messages Sent by Scamsters, Here's How to Stay Safe
India.com Business Desk | November 28, 2019 9:15 AM IST
New Delhi: HDFC Bank has alerted its customers to be wary of fake messages sent in bulk by certain f...
HDFC Bank Alerts Customers of Fake Bulk Messages Sent by Scamsters, Here's How to Stay Safe
indiacom
2019-11-27T22:15:37+00:00
2019-11-27T22:15:37+00:00
State Bank Of India
India.com
'Thought Modi ji Was Giving This Money', PM's Promise of Rs 15 Lakh Landed This Man in Trouble - Here's How
India.com News Desk | November 22, 2019 10:54 PM IST
New Delhi: Prime Minister Narendra Modi's promise of Rs 15 lakh to every Indian has landed a State B...
'Thought Modi ji Was Giving This Money', PM's Promise of Rs 15 Lakh Landed This Man in Trouble - Here's How
indiacom
2019-11-22T11:54:24+00:00
2019-11-22T12:06:24+00:00
State Bank Of India
India.com
SBI Steeply Slashes Deposit Rates; Lowers Lending Rates Marginally
PTI | November 8, 2019 1:49 PM IST
Mumbai: Country's largest lender State Bank of India on Friday reduced its marginal cost of fund bas...
SBI Steeply Slashes Deposit Rates; Lowers Lending Rates Marginally
indiacom
2019-11-08T02:49:56+00:00
2019-11-08T02:49:56+00:00
State Bank Of India
India.com