State Bank of India

State Bank of India (SBI) is one of the biggest state-owned financial institutions in India. Headquartered in Mumbai, the bank provides a wide range of products and services to its customers, which includes commercial enterprises, large corporate, public bodies and institutional customers. SBI is also one of the largest banks in India in terms of market capitalisation.

The bank descends from the Imperial Bank of India, which was formed by merging Bank of Calcutta, Bank of Madras and the Bank of Bombay in 1806. The Imperial Bank of India became the State Bank of India in 1955 after Government of India took control of it with Reserve Bank of India (RBI) taking a 60 per cent stake in it. In 2008, the government took over the stake held by the RBI. Representing the legacy of over 200 years, SBI has shown consistent growth compared to other public sector lenders in India.

Some of the services offered by the bank to its customers include domestic treasury, brokering services, revised service charges, ATM services, internet banking, E-pay, E-rail, safe deposit locker, MICR codes, foreign inward remittances, doorstep banking services, among others. A Fortune 500 company, SBI is also among the top league of 50 global banks with a balance sheet size of over Rs 30 lakh crore. The bank comprises 24,000 plus branches along with 59,000 plus ATMs serving 42 crore plus customers. SBI has an overseas presence through over 195 foreign offices spread across 36 plus countries.

In April 2017, associates banks of SBI, including State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP), State Bank of Hyderabad (SBH) and Bharatiya Mahila Bank, merged with State Bank of India, making it the largest consolidation exercise in the banking history of India.

As per the bank, "SBI has been the most trusted brand on the banking horizon in India. The bank believes that it owes a solemn duty to the less fortunate and underprivileged members of the society to make sustainable social change in their lives." Bank's customised savings products are designed for people from all age groups - from children to young adults to the elderly.

SBI's loan products, including home, personal loans, car loans, debit and credit cards and travel cards, cater to all kinds of customers, claims the bank. The bank also deals in education loans, health insurance options, vehicle and home insurance, demat accounts, wealth management, precious metals and private banking.

On the technology front, SBI says it has expanded the digital base of the bank manifold in recent years. The bank also claims to play a vital role in making the Government of India's Digital India Initiative a reality.

Top stocks in news: SBI, HCL Tech, Zydus Life, CanFin Homes, Senores Pharma, Delhivery

Dec 16, 2025, 07:19 AM IST

Stocks including SBI, HCL Tech, Zydus Life, CanFin Homes, Senores Pharma, Delhivery, KNR Construction, Lemon Tree and more will be in the spotlight on Tuesday, December 16.

SBI Mulls To List YONO As Third Subsidiary To Unlock Value From Digital Platform

Dec 16, 2025, 12:39 PM IST

Eternal, Groww, ICICI Bank, ITC are top MF picks; cuts stake in SBI, RIL

Dec 16, 2025, 10:15 AM IST

On the selling side, mutual funds pared their exposure to public sector giants. State Bank of India (SBI) witnessed the highest selling pressure, with a net sell value of Rs 2,321.4 crore.

SBI’s New Hiring Plan For AI Jobs

Dec 11, 2025, 10:49 AM IST

In an exclusive conversation with Aastha Chopra of BTTV, SBI Managing Director Ashwini Tewari shared how the bank is gearing up for the next phase of AI-led banking. He said SBI will hire specialised talent to build, manage, and monitor AI systems, ensuring stronger oversight and safer decision-making. Tewari added that the bank is also developing its own in-house cloud storage, strengthening control over data and enabling faster AI adoption. He highlighted the need for customer recourse when AI rejects applications, the importance of constant customer awareness against scams, and the shift to an always-on, 24/7 banking ecosystem driven by changing user behaviour.

Suzlon, SBI, Vedanta, RIL: Corp capex at Rs 12L cr, resembles 2001-04 phase; stock picks

Dec 11, 2025, 09:37 AM IST

ICICI Securities said the current trajectory resembled the 2001–2004 phase, which preceded an exponential growth period. It likes State Bank of India, Axis Bank, Larsen & Toubro, BHEL, JSW Energy, NTPC and RIL.

Top stocks in news: Tata Steel, LIC, Cipla, TCS, Adani Enterprises, Mazagon Dock, SBI, BoB

Dec 11, 2025, 07:13 AM IST

Stocks including Tata Steel, LIC of India, Cipla, TCS, Adani Enterprises, Mazagon Dock, SBI, Bank of Baroda, SBI Life and more will be in the spotlight on Thursday, December 11.

Rupee breaches 90 mark, INR most depreciated but among least volatile currencies, says SBI report

Dec 03, 2025, 08:19 PM IST

In its latest Ecowrap report, the State Bank of India noted that while the rupee has depreciated roughly 5.5% since April 2025, this slide has been driven largely by external shocks, particularly the escalating trade dispute with the US.

SBI, Indian Bank, MahaBank, BOB, Union Bank, PNB: PSU banks crash up 7%; should you buy?

Dec 03, 2025, 12:26 PM IST

PSU Bank index dropped nearly 3.2 per cent on Wednesday, with a number of PSU counters crashing up to 6 per cent during the trading session.

Which PSU Bank To Lead Next Market Leg? | Credit Growth & Re-Rating Story Strong

Dec 01, 2025, 03:09 PM IST

The PSU banking rally continues to be one of the strongest trades in the Indian equity market, delivering 29% YTD returns, significantly outperforming private banks. According to market expert Ashish Chaturmohta, the sector’s strength is backed by solid fundamentals, not sentiment alone. Credit growth in PSU banks has now exceeded private banks, with segments like MSME and personal lending showing sharp traction-touching 13-15% growth this year. Operational metrics including net NPA and slippage ratios are now comparable to private peers, while valuations remain deeply discounted at 0.8–1x Price-to-Book, versus 2.5–2.7x for private banks. This creates strong potential for re-rating. Ashish remains overweight on PSU banks, preferring PSU Bank BEES ETF and highlighting SBI as the top individual pick, with a target of ₹1,250–₹1,300 ahead.

Bull Market: Large Caps Lead Nifty To Record Highs - What’s Next For India?

Nov 25, 2025, 02:32 PM IST

Indian markets are witnessing a traditional bull phase led by strong performance from large-cap blue chips such as Bharti, Mahindra & Mahindra, and State Bank of India, driving the Nifty to fresh record highs. Despite earlier underperformance, market sentiment is now improving, powered by stable macro fundamentals, robust domestic SIP inflows, and the possibility of FIIs returning as valuations cool off. The excesses in small and mid-cap segments have corrected, reducing risks and strengthening the market setup. India’s domestic economy is acting as a shield against global volatility, making the outlook more constructive. A key factor to watch is tariff normalization, which may drop below 25% and provide relief to exporters. Are stronger days ahead for investors? Watch the full conversation.

HDFC Bank, Kotak, SBI lead Axis Direct's top BFSI conviction picks

Nov 17, 2025, 08:21 AM IST

The brokerage has maintained a 'BUY' rating on all seven counters, citing improving credit growth trends, easing asset-quality stress, margin stability and strong execution visibility across institutions.