State Bank of India is an Indian multinational, Public Sector banking and financial services company.

Key people

Smt. Arundhati Bhattacharya-Chairperson

About the bank

It is a government-owned corporation with its headquarters in Mumbai, Maharashtra and also its corporate office in Mumbai, Maharashtra.

As of December 2013, it had assets of US$388 billion and 13,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.

State Bank of India is one of the Big Four banks of India, along with Bank of Baroda, Punjab National Bank and ICICI Bank.

In 2008, the government took over the stake held by the Reserve Bank of India.

State Bank of India is a regional banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.

Products

Consumer banking,

Corporate banking,

Finance and insurance,

Investment banking,

Mortgage loans,

Private banking,

Private equity,

Savings,

Securities,

Asset management,

Wealth management,

Credit cards