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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

18-11-2017, 18:15
ICICI Bank ties up with paytm to offer short term instant credit
ICICI Bank said, it is tying up with paytm to offer short term instant digital credit on the latters e-commerce platform.
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16-11-2017, 16:29
Dena Bank Offers Home Loans Interest Rate at 8.25 percent
Dena Bank said, it will offer home loans at 8.25 percent on a par with its one year marginal cost of funds based lending rate (MCLR) and the lowest in the industry for loan amounts ...
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11-11-2017, 14:56
Accept Paytm, BHIM, UPI Payments For Zero PCT (Patent Cooperation Treaty) Fee For Businesses
Good news for the businesses across India, they can now accept paytm, BHIM, UPI payments for zero fee and there will be no charges for receiving payments in your bank account. It w ...
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09-11-2017, 18:55
HDFC bank reduces MCLR rate by 5 basis points
HDFC bank has reduced its marginal cost of funds based lending rates by 5 basis points across all tenures. For one year MCLR is now 8.10 percentage.
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01-11-2017, 16:48
State Bank Of India Reduces The Marginal Cost Of the Funds Based Lending Rate By 5bps
State Bank Of India reduced its marginal cost of the funds based lending rate by 5 bps across the tenures. The one year MCLR at the banks now stands at 7.95%.
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23-10-2017, 16:26
RBI says linking adhaar number to bank accounts mandatory
Joining the adhaar seeding debate, public sector banks officer union bank has demanded that mandatory linking of bio metric identity number should be put on hold till such time the ...
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