State Bank of India

State Bank of India (SBI) is an Indian multinational public sector bank and statutory organization for financial services located in Mumbai, Maharashtra. SBI is the world's 49th largest bank by total assets and is rated 221st on the Fortune Global 500 list of the world's largest firms for 2020, the only Indian bank on the list. It is also one of the largest banks in India and a public sector bank, with a 23% market share by assets and a 25% percent of the overall loan and deposit market.

Savings accounts, credit cards, fixed deposits, personal loans, house loans, business loans, debit cards, loan against property, vehicle loans, gold loans, mudra loans, and more services are available from SBI. Through its many subsidiaries, such as SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, and so on, the bank has successfully diversified its business. It has a global footprint and operates across time zones with 229 offices in 31 different countries.

State Bank of India has hundreds of branches in India and offices in dozens of countries across the world. Since its nationalization, SBI has met the needs of Indian economic development through rural development initiatives and microcredit programs, as well as through funding significant agricultural and industrial projects and obtaining government loans.

Founded: 1955
Headquarters: Mumbai, India
Website: https://sbi.co.in/