The evolution of State Bank of India can be followed back to the principal decade of the nineteenth century. It started with the foundation of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was upgraded as the Bank of Bengal, after three years, on 2 January 1809. It was the principal ever joint-stock bank of the British India, built up under the sponsorship of the Government of Bengal. In this manner, the Bank of Bombay (set up on 15 April 1840) and the Bank of Madras (set up on 1 July 1843) took after the Bank of Bengal. These three banks commanded the advanced managing an account situation in India, until the point that when they were amalgamated to frame the Imperial Bank of India, on 27 January 1921.

An essential defining moment in the historical backdrop of State Bank of India is the dispatch of the initial Five Year Plan of free India, in 1951. The Plan went for serving the Indian economy by and large and the provincial area of the nation, specifically. Until the Plan, the business banks of the nation, including the Imperial Bank of India, kept their administrations to the urban division.

The All India Rural Credit Survey Committee proposed the assume control of the Imperial Bank of India, and coordinating with it, the previous state-claimed or state-relate banks. Hence, an Act was passed in the Parliament of India in May 1955. Accordingly, the State Bank of India (SBI) was set up on 1 July 1955. This brought about influencing the State To bank of India all the more intense, on the grounds that as much as a fourth of the assets of the Indian keeping money framework were controlled straightforwardly by the State. Later on, the State Bank of India (Subsidiary Banks) Act was passed in 1959. The Act empowered the State Bank of India to make the eight previous State-related banks as its auxiliaries.

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The corporate focus of SBI is situated in Mumbai. With a specific end goal to take into account diverse capacities, there are a few different foundations in and outside Mumbai, aside from the corporate focus. The bank gloats of having upwards of 14 neighborhood head workplaces and 57 Zonal Offices, situated at real urban areas all through India. It is recorded that SBI has around 10000 branches, all around arranged to take into account its clients all through India.

ATM Services

SBI gives simple access to cash to its clients through more than 8500 ATMs in India. The Bank likewise encourages the free exchange of cash at the ATMs of State Bank Group, which incorporates the ATMs of State Bank of India and in addition the Associate Banks State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Indore, and so on. You may likewise execute cash through SBI Commercial and International Bank Ltd by utilizing the State Bank ATM-cum-Debit (Cash Plus) card.

Subsidairies

The State Bank Group incorporates a system of eight saving money backups and a few non-managing an account auxiliaries. Through the foundations, it offers different administrations including trader saving money administrations, finance administration, figuring administrations, essential dealership in government securities, charge cards and protection.

The eight banking subsidiaries were:
• State Bank of Bikaner and Jaipur (SBBJ)
• State Bank of Hyderabad (SBH)
• State Bank of India (SBI)
• State Bank of Indore (SBIR)
• State Bank of Mysore (SBM)
• State Bank of Patiala (SBP)
• State Bank of Saurashtra (SBS)
• State Bank of Travancore (SBT)

State Bank of India, which is India's biggest Bank converged with five of its Associate Banks (State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore) and Bharatiya Mahila Bank with itself. This is the primary ever huge scale solidification in the Indian Banking Industry.

With the merger, State Bank of India will enter the class of best 50 worldwide manages an account with a monetary record size of ₹33 trillion, 278,000 workers, 420 million clients, and more than 24,000 branches and 59,000 ATMs. SBI's piece of the pie will increment to 22 percent from 17 for each penny. It has 198 workplaces in 37 nations; 301 journalists in 72 nations. The organization is positioned 232nd on the Fortune Global 500 rundown of the world's greatest companies starting at 2016.

Products and Services

Personal Banking
• SBI Term Deposits SBI Loan For Pensioners
• SBI Recurring Deposits Loan Against Mortgage Of Property
• SBI Housing Loan Loan Against Shares & Debentures
• SBI Car Loan Rent Plus Scheme
• SBI Educational Loan Medi-Plus Scheme

Other Services
• Agriculture/Rural Banking
• NRI Services
• ATM Services
• Demat Services
• Corporate Banking
• Internet Banking
• Mobile Banking
• International Banking
• Safe Deposit Locker
• RBIEFT
• E-Pay
• E-Rail
• SBI Vishwa Yatra Foreign Travel Card
• Broking Services
• Gift Cheques

Contact
State Bank Of India
Corporate Centre
Madam Cama Road
Mumbai 400 021
India