State Bank of India

The State Bank of India (SBI) is a statutory organization for financial services and a multinational public sector bank with its headquarters in Mumbai, Maharashtra. SBI, the sole Indian bank on the 2020 Fortune Global 500 list of the largest firms in the world, is the 49th-largest bank in the world by total assets and is rated 221st overall. It is a public sector bank, the biggest bank in India, and holds a 25% portion of the market for loans and deposits, as well as a 23% market share for assets.

With approximately 250,000 workers, it ranks as India's fifth-largest employer. The State Bank of India crossed the $5 trillion market capitalization threshold on the Indian stock exchanges for the first time on September 14, 2022, becoming the third lender (after HDFC Bank and ICICI Bank) and seventh Indian corporation to do so.

The market capitalization of State Bank of India was $57.67 billion as of March 2023. By market cap, this places State Bank of India as the 264th most valuable firm in the entire world. The most recent financial reports from the State Bank of India show that the company's current revenue (TTM) is $30.01 billion. The corporation generated $33.42 billion in revenue in 2021, an increase from $29.12 billion in revenue in 2020.

Founded: 1 July 1955
Headquarters: State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
Website: bank.sbi