State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

As you asking I am telling The wage revision of public sector bank employees takes place every five year. The last revision was effected in November 2012. The finance ministry has asked the heads of public sector banks (PSBs) to finalise the modalities for timely implementation of the next pay revision from November. There are 21 public sector banks, post merger of six lenders with State Bank of India (SBI), in the country. They together employ about 8 lakh people.

Bank profile:
Type Public

Traded as

NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
CNX Nifty Constituent

Industry Banking, financial services
Founded

2 June 1806, Bank of Calcutta
27 January 1921, Imperial Bank of India
1 July 1955, State Bank of India
2 June 1956, nationalization

Headquarters Mumbai, Maharashtra, India
Area served Worldwide

Key people Rajnish Kumar (banker) (Chairman)

Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards
Revenue

Increase 298,640.45 crore (US$47 billion) (2017)

273,461.13 crore (US$43 billion) (2016)

Operating income
Increase 50,847.90 crore (US$7.9 billion) (2017)
Profit

Increase 10,484.10 crore (US$1.6 billion) (2017)
9,950.65 crore (US$1.6 billion) (2016)

Total assets Increase 2,705,966.30 crore (US$420 billion) (2017)
Total equity Increase 144,274.65 crore (US$22 billion) (2016)
Owner Government of India (61.23%)
Number of employees


Increase 209,567 (2017)
207,739 (2016)

Capital ratio 13.12% (2016)