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.

On 1st April, 2017, State Bank of India, which is India's largest Bank merged with five of its Associate Banks (State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore) and Bharatiya Mahila Bank with itself.

With the merger, State Bank of India will enter the league of top 50 global banks with a balance sheet size of ₹33 trillion, 278,000 employees, 420 million customers, and more than 24,000 branches and 59,000 ATMs.

SBI's market share will increase to 22 percent from 17 per cent.

The company is ranked 232nd on the Fortune Global 500 list of the world's biggest corporations as of 2016.

State Bank of India has 20% market share in deposits and loans among Indian commercial banks.

Recent Awards and recognition-

SBI was ranked as the top bank in India based on tier 1 capital by The Banker magazine in a 2014 ranking

SBI was ranked 232nd in the Fortune Global 500 rankings of the world's biggest corporations for the year 2016

SBI was named the 29th most reputed company in the world according to Forbes 2009 rankings

SBI was 50th Most Trusted brand in India as per the Brand Trust Report 2013, an annual study conducted by Trust Research Advisory, a brand analytics company and subsequently, in the Brand Trust Report 2014, SBI finished as India's 19th Most Trusted Brand in India

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