SbI

State Bank of India (SBI) is an Indian multinational public sector bank and financial services company, headquartered in Mumbai. It is the largest bank in India by assets and market presence, operating as a government-owned corporation. SBI provides a wide range of banking and financial services to individuals, small businesses, and large corporations, including retail and corporate banking, treasury, and wealth management. The bank also operates digital platforms such as YONO.

SBI traces its origins to the Imperial Bank of India, established in 1921. In 1955, the Parliament enacted the State Bank of India Act, which nationalized the Imperial Bank and created the State Bank of India as the central financial institution of the government. Over the decades, SBI expanded its branch network, diversified into subsidiaries, and formed the SBI Group.

The bank offers deposit products, loans, credit cards, payment services, and overseas banking. It provides corporate finance, trade finance, project finance, and investment banking services through its corporate arm and subsidiaries. It operates a nationwide network of thousands of branches and ATMs across India and maintains international offices in several countries.

Key subsidiaries include SBI Life Insurance, SBI General Insurance, SBI Cards & Payments Services, SBI Funds Management, and SBI Mutual Fund. The SBI Group also includes entities involved in merchant banking, asset management, and venture funding.

The bank is governed by a chairman and a board. It is majority-owned by the Government of India, with the government holding a significant stake. As of 2024, the chairman is Dinesh Kumar Khara. The institution plays a central role in India's public banking system and participates in financial inclusion and digital banking initiatives.

Note: SBI can also refer to other organizations in different contexts.