State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company.

As you asking I am telling State Bank of India (SBI) will charge Rs 15 for SMS alerts per quarter from debit card holders who maintain average quarterly balance of up to Rs 25,000 during the three months period. There will be no charge for UPI/ USSD transactions of up to Rs 1,000.

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 (banker) (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)
273,461.13 crore (US$43 billion) (2016)
Operating income 50,847.90 crore (US$7.9 billion) (2017)
Profit 10,484.10 crore (US$1.6 billion) (2017)
9,950.65 crore (US$1.6 billion) (2016)
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)
207,739 (2016)
Capital ratio 13.12% (2016)