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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

04-05-2018, 19:06
State Bank of India offering for new accounts, zero minimum balance up to august 2018
State Bank of India offering the facility of opening an account which does not require any minimum balance till august 2018.
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30-04-2018, 19:47
HDFC bank raises deposit rates by up to 100 bps
HDFC bank revised interest rates on deposits of under one crore, raising the rate on one year fixed deposits by 10 basis points to 6.85 percentage.
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21-04-2018, 11:04
State Bank of India Says SBI customers to withdraw money up to Rs 2000 per a day via point of sale machines
Debit card holders of State Bank of India and all other banks can withdraw cash from point of sale machines installed by SBI across various merchant locations. Presently the bank w ...
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19-04-2018, 19:44
State Bank of India offers free withdrawal of cash from point of sale terminals or mini ATMs
Amid a cash crunch that has hit many states, the SBI has announced that debit card holders can withdraw money from the bank the point of sale terminals. The move by SBI may tempora ...
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17-04-2018, 15:46
State Bank of India offers 10 percent discount on its Rupay debit cards on buying home appliances at Big bazaar
State Bank of India offer on shopping at big bazaar outlets is valid till April 30, and is applicable on a single minimum purchase of Rs 1,500. The maximum discount that can be ava ...
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17-04-2018, 15:18
State Bank of India says maximum cash withdrawal from ATMs per a day Rs 40,000
State Bank of India allows its customers to make cash withdrawals of up to Rs 40,000 per day from its ATMs. Using SBI classic debit card, SBI customers can withdraw up to Rs 40,000 ...
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