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.

A code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India: the Real Time Gross Settlement (RTGS) and the National Electronic Fund Transfer (NEFT) systems.

State Bank of India IFSC code can be used for various fund transfer methods such as IMPS, NEFT, and RTGS. SBI IFSC code consists of 11 characters, which is made up of both letters and numbers. Each SBI branch will have a different IFSC code.

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 (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 298,640.45 crore (US$47 billion) (2017)
Operating income 50,847.90 crore (US$7.9 billion) (2017)
Profit 10,484.10 crore (US$1.6 billion) (2017)
Total assets 2,705,966.30 crore (US$420 billion) (2017)
Total equity 144,274.65 crore (US$22 billion) (2016)
Owner Government of India (61.23%)
Number of employees 209,567 (2017)
Capital ratio 13.12% (2016)