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About State Bank of India

"State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India. In the year 1955, the Government of India nationalized the Imperial Bank along with the Reserve Bank of India. Ever since that time, the bank acquired its present name that is SBI.

The SBI group consists of SBI and five associate banks. The group has an extensive network; with over 20,000 plus branches in India and another 191 foreign offices spread over 36 countries across the world. As of 31st March 2015"

Highlights

“Most Admired Infrastructure Financier” Award by KPMG,

“Top Public Sector Bank under SME Financing” by Dun and Bradstreet

“Most Preferred Housing Loan” and “Most Preferred Bank” in the CNBC AWAAZ Consumer Awards

Best use of Technology in Financial Inclusion, 2014

Asia’s Best CSR Practices Award-2013- Singapore by CMO Asia

Asian BFSI Awards-2013,Dubai by Asian Leadership Awards

12-09-2017, 16:38
Punjab National Bank charges on ATM, after five transactions in a month
The Punjab National Bank said savings fund/current/overdraft account holders would all attract charges at Rs 10 per transaction beyond a limit of five times a month even if the Pun ...
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08-09-2017, 18:31
SBI Launches chatbot to assist customers
SBI enabled a chatbot to field queries on the bank retail products from visitors to its website. Named SBI Intelligent Assistant, the bot responds to customer inquiries on home loa ...
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01-09-2017, 16:12
Union Bank of India reduces marginal cost of lending rate by 20 bps
Union Bank of India reduced its marginal cost of lending rate by 20 bps across all tenors, now the MCLR is 8.20 percent as against 8.40 percent earlier.
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31-08-2017, 17:49
Punjab National Bank Reduces MCLR, Base Rate Up to 2.5 percentage
Punjab National Bank reduces MCLR, base rate up to 2.5 percentage and effective from 01-09-2017
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30-08-2017, 16:59
HDFC Bank Ltd introducing DigiPos Point of Sale Machine
HDFC Bank Ltd unveiled its DigiPos Point of Sale machine, which will offer a complete suit of digital payment options. The device will offer customers various digital payment optio ...
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28-08-2017, 18:45
Bank Of India reduces interest rate to 3.5 percentage for deposits up to Rs 50 lakh
Bank Of India reduced interest rate on savings bank accounts by 50 basis points to 3.5 percent on deposits of up to Rs 50 lakh.
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