State Bank of India (SBI)

Overview

State Bank of India (SBI) is Indian state-owned commercial bank + NSE: SBIN BSE: 500112 + Government of India Ministry of Finance ~57%+ controlling + Indian retail + institutional + foreign investors free float + India's largest commercial bank by assets + branches + founded Jan 27 1921 in Kolkata India as Imperial Bank of India via consolidation of 3 Indian presidency banks Bank of Bengal + Bank of Bombay + Bank of Madras then Jul 1 1955 State Bank of India SBI nationalisation + ~480M+ SBI customers globally [1, in-cro].

History

Jun 2 1806 — Bank of Calcutta founded in Kolkata British India then 1809 Bank of Bengal rebrand as India's first European-style commercial bank.

Jan 27 1921 — Imperial Bank of India founded in Kolkata British India via consolidation of 3 Indian presidency banks Bank of Bengal + Bank of Bombay + Bank of Madras under British Raj Indian banking modernisation.

Jul 1 1955 — State Bank of India SBI nationalisation under Indian Prime Minister Jawaharlal Nehru-era Indian banking nationalisation consolidating Imperial Bank of India into Government of India-owned commercial bank distinctive Indian banking heritage as India's oldest + largest national commercial bank.

Apr 1 2017 — SBI consolidates 5 SBI subsidiary banks State Bank of Bikaner & Jaipur + State Bank of Hyderabad + State Bank of Mysore + State Bank of Patiala + State Bank of Travancore + Bharatiya Mahila Bank into SBI parent distinctive Indian banking consolidation as one of world's largest banking mergers by customer count.

2014 — SBI YONO Mobile banking app launch.

Ownership & operator

Operating entity: State Bank of India SBI (Indian state-owned commercial bank; NSE: SBIN; BSE: 500112).

Major shareholders: Government of India Ministry of Finance ~57%+ controlling + Indian retail + institutional + foreign investors free float.

Regulators: Reserve Bank of India RBI + national regulators across 24+ countries.

Technical integration

SBI YONO Mobile app (iOS + Android; ~480M+ SBI customers globally) + onlinesbi.sbi online + SBI branch network across India + Bangladesh + Bhutan + Nepal + Sri Lanka + Maldives + Myanmar + Russia + UK + US + France + Germany + Japan + Australia + Canada + South Africa + Nigeria + Bahrain + UAE + Oman + Hong Kong + Singapore + Malaysia + China international branches + SBI Visa + Mastercard + American Express + RuPay cards; RuPay Indian national card scheme + EMVCo QRCPS QR payments + Bharat QR (Indian national QR payment scheme) + UPI Unified Payments Interface (Indian instant payments) + Indian Rupee INR domestic transfers.

Implementations & partners

Major Indian banking + payments competitors: [[hdfc-bank]] (HDFC Bank; NSE: HDFCBANK BSE: 500180; India's largest private commercial bank by assets) + [[icici-bank]] (ICICI Bank; NSE: ICICIBANK BSE: 532174; India's second-largest private commercial bank by assets) + [[axis-bank]] (Axis Bank; NSE: AXISBANK BSE: 532215; Indian private commercial bank) + [[kotak-mahindra]] (Kotak Mahindra Bank; NSE: KOTAKBANK BSE: 500247; Indian private commercial bank) + [[pnb-india]] (Punjab National Bank PNB; NSE: PNB BSE: 532461; Indian state-owned commercial bank) + [[canara-bank]] (Canara Bank; NSE: CANBK BSE: 532483; Indian state-owned commercial bank) + [[bob-india]] (Bank of Baroda BOB; NSE: BANKBARODA BSE: 532134; Indian state-owned commercial bank) + [[upi]] (Unified Payments Interface UPI; Indian instant payments; NPCI National Payments Corporation of India operator).

Regulators: Reserve Bank of India RBI + national regulators across 24+ countries.

Status

Active, Indian state-owned commercial bank + NSE:SBIN BSE:500112 + Government of India Ministry of Finance ~57%+ controlling + Indian retail + institutional + foreign investors free float + India's largest commercial bank by assets + branches + founded Jan 27 1921 in Kolkata India as Imperial Bank of India via consolidation of 3 Indian presidency banks then Jul 1 1955 nationalisation + ~480M+ SBI customers globally [1, 2].

Sources

• 1 SBI — official
• 2 SBI — Wikipedia
• in-cro In-corpus: reports/countries/IN-india.md

Source

Biography extracted from sbi-india.md. See matrix.md for standards-support matrix if present.