The State Bank of India (SBI) is India’s largest public sector bank and one of the oldest financial institutions in the country. It is majority-owned by the Government of India and provides banking and financial services to individuals, businesses, and corporations worldwide. SBI is also among the Fortune 500 companies.
Chairman (CEO equivalent): Dinesh Kumar Khara (as of 2025)
Industry: Banking & Financial Services
Ownership Type: Public Sector Bank (Govt. of India holds majority stake)
Founded: Traces back to 1806 (Bank of Calcutta); renamed State Bank of India in 1955
Number of Offices/Branches: Over 22,000 branches in India & abroad
Number of ATMs: 62,000+ (largest network in India)
International Presence: ~229 offices in 31 countries
Number of Employees: About 250,000+ (largest employer in the Indian banking sector)
Oldest commercial bank in the Indian subcontinent.
Provides retail banking, corporate banking, wealth management, NRI services, and digital banking.
Operates subsidiaries in insurance, mutual funds, credit cards, and investment banking.
Played a major role in financial inclusion in India through schemes like Jan Dhan Yojana.