The inception of the State Bank of India backpedals to the main decade of the nineteenth century with the foundation of the Bank of Calcutta in 1806 in Calcutta. After three years the bank got its contract and was re– composed as the Bank of Bengal (2 January 1809). A special organization, it was the main joint– stock bank of British India supported by the Government of Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) took after the Bank of Bengal. These three banks stayed at the zenith of present day managing an account in India till their amalgamation as the Imperial Bank of India on 27 January 1921.

The State Bank of India, the nation's most established bank and a head as far as monetary record measure, number of branches, showcase capitalization and benefits is today experiencing an earth shattering period of progress and change – the two hundred year old open segment behemoth is today mixing out of its open division inheritance and moving with a spryness to give the private and outside banks a keep running for their cash.

The bank is going into numerous new organizations with vital tie ups – Pension Funds, General Insurance, Custodial Services, Private Equity, Mobile Banking, Point of Sale Merchant Acquisition, Advisory Services, organized items and so on – every last one of these activities having a colossal potential for development.

The bank is moving forward with bleeding edge innovation and imaginative new keeping money models, to extend its country managing an account base, taking a gander at the immense undiscovered potential in the hinterland and proposes to cover 100,000 towns in the following two years. Toward the end March, 2011, the aggregate number of branches was 13,542 while the quantity of ATMs remained at 20,084 the nation over.

SBI entered the UK's home credit showcase, the bank began with contracts for proprietors, best known as buy– to– let contracts, with sums going from £50,000 to £1.5 million, and advance to estimation of proportions of up to 60 for each penny.

In April 2014 State Bank of India propelled three advanced managing an account offices for the accommodation of SBI clients. Two at the client's entryway step utilizing TAB saving money – one for clients opening Savings Bank accounts and another for Housing Loan candidates. The third is e– KYC (Know your Customer).

Services offered by the company:
• NRI Services
• Personal Banking
• International Banking
• Agriculture / Rural
• Corporate Banking
• SME
• Government Business
• Domestic Treasury

Subsidiaries:
Banking Subsidiaries
• State Bank of Bikaner and Jaipur (SBBJ)
• State Bank of Hyderabad (SBH)
• State Bank of Mysore (SBM)
• State Bank of Patiala (SBP)
• State Bank of Travancore (SBT)

Foreign Subsidiaries
• SBI International (Mauritius) Ltd.
• State Bank of India (California)
• State Bank of India (Canada)
• INMB Bank Ltd, Lagos
• BANK SBI Indonesia (SBII)

Non banking Subsidiaries
• SBI Capital Markets Ltd
• SBI Funds Management Pvt Ltd
• SBI Factors & Commercial Services Pvt Ltd
• SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)
• SBI DFHI Ltd
• SBI General Insurance Company Limited

Joint Ventures
• SBI Life Insurance Company Ltd (SBI LIFE)
• SBI General Insurance Company Limited