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.

SBI-led banks tell Bombay High Court ₹8,752 crore still recoverable from Vijay Mallya: Report

Oct 03, 2026, 07:15 AM IST

Opposing Mallya’s plea to quash his money laundering case, the consortium told the court that his challenge to an earlier order dated December 31, 2019, is misconceived. The lenders also noted that certain attached shares in the case remain intact and have not been sold.

YES Bank, BOI, BoM, Union Bank, PNB, RBL Bank: Why bank stocks fell today

Sep 28, 2026, 04:28 PM IST

Among PSU names, Bank of India declined 5.44 per cent to Rs 130.45. Bank of Maharashtra, Union Bank of India, Punjab National Bank, Canara Bank and State Bank of India fell 2.10-4.66 per cent.

Banking Health At Multi-Decade High: SBI Chief CS Setty Outlines India's Global Pivot

Sep 23, 2026, 07:11 PM IST

Banking Health At Multi-Decade High: SBI Chief CS Setty Outlines India's Global Pivot

India’s Next Growth Wave: SBI Conclave Reveals Viksit Bharat Strategy

Sep 23, 2026, 05:06 PM IST

State Bank of India Chairman CS Setty says the next wave of global investment will be defined by high-impact sunrise sectors. Speaking at the 13th SBI Banking & Economics Conclave, Setty emphasized that frontiers like green hydrogen, semiconductors, battery storage, robotics, and biotechnology are critical for India's economic ascent. He underscored that India possesses the talent, entrepreneurial drive, and engineering depth to command a worldwide manufacturing and intellectual property footprint. To advance toward Viksit Bharat, the banking architecture must evolve rapidly, providing the vital capital, scale, and risk framework to power innovation. True leadership hinges not merely on headline growth, but on building globally competitive enterprises with enduring scale. Watch the full video to track India's next economic growth chapter!

'Fake': Centre debunks viral gazette on merger of 9 public sector banks

Sep 17, 2026, 09:41 AM IST

The Centre said people should verify such information only through official and credible sources before believing or sharing it.

SBI shares in a downtrend, hit three-month low; time to buy ?

Sep 15, 2026, 03:02 PM IST

The correction in SBI shares comes amid National Stock Exchange (NSE) cutting its IPO size to roughly Rs 23,500 crore from the earlier planned Rs 30,000 crore.

NSE's selling shareholders set to rake in bonanza amid a weak broader market

Sep 11, 2026, 05:48 PM IST

The nation's largest lender, State Bank of India, leads 22 shareholders in selling about $2.36 billion worth of shares in the National Stock Exchange at a trimmed price of between Rs 1,700-1,785 per share, valuing the NSE at $46 billion in market capitalisation (m-cap).

SBI’s AI Vision: C.S. Setty On Agentic AI, Banking And India’s Next Frontier

Sep 10, 2026, 03:29 PM IST

State Bank of India Chairman Challa Sreenivasulu Setty explains how artificial intelligence is evolving from predictive models and automation to agentic AI. He highlights SBI’s use of AI in customer service, lending, credit assessment, fraud detection, AML monitoring and risk management. Setty says agentic AI could go further by acting with greater autonomy across the financial lifecycle, from KYC and loan underwriting to fraud detection, reconciliation and customer service. He believes India’s scale creates a unique opportunity to deploy AI that understands local needs, languages and diversity. Voice-first banking, vernacular AI and affordable computing could help democratise financial intelligence for hundreds of millions of customers.

Agentic AI in Banking: India’s Next Financial Transformation

Sep 10, 2026, 02:42 PM IST

At Global Fintech Fest 2026, State Bank of India Chairman Challa Sreenivasulu Setty outlines the three pillars needed to build trust in agentic AI: accuracy, accountability and access without asymmetry. He says AI in financial services must deliver consistent, near-perfect accuracy, while every AI-led action should have an audit trail and clear accountability. Setty also highlights the need for “know your agent” frameworks covering identity, authentication, consent, transaction limits and revocation. He says building trusted agentic AI will require collaboration between governments, regulators, banks, fintechs and technology companies. According to Setty, India’s next opportunity is to move from digital inclusion to intelligent inclusion through AI-powered financial services.

SBI’s AI Vision: How Agentic AI Could Transform Banking For Millions Of Indians

Sep 10, 2026, 02:37 PM IST

State Bank of India Chairman Challa Sreenivasulu Setty outlines the bank’s vision for agentic AI and the future of banking at Global Fintech Fest 2026. He says India’s next AI frontier is building models that understand the country’s diversity, languages and unique needs. Setty highlights voice-first conversational banking, vernacular AI and personalised financial assistance as key opportunities to democratise financial intelligence for millions of customers. He also stresses the need for affordable computing, low latency and scalable AI models. From smartphones to business correspondents and kiosks, agentic AI could expand access to financial services while supporting communities with information on agriculture, weather and crop patterns.

SBI, IFCI, NIACL: Check fresh target prices for selling beneficiaries in NSE's mega IPO

Sep 10, 2026, 09:44 AM IST

An analyst from YES Securities said that IFCI is facing resistance in the Rs 108–110 range, close to its recent swing high, with formation of multiple bearish candlestick patterns.