Monday, December 22, 2014 10:23 PM EST

State Bank of India

State Bank of India (Hindi: भारतीय स्टेट बैंक) (SBI) (BSE: 500112, LSE: SBID) is the largest state-owned banking and financial services company in India, by almost every parameter - revenues, profits, assets, market capitalization, etc. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. The Government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India  taking a 60% stake, and renamed it the State Bank of India. In 2008, the Government took over the stake held by the Reserve Bank of India.

SBI provides a range of banking products through its vast network of branches in India and overseas, including products aimed at NRIs. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. With an asset base of $352 billion and $285 billion in deposits, it is a regional banking behemoth. It has a market share among Indian commercial banks of about 20% in deposits and advances, and SBI accounts for almost one-fifth of the nation's loans.

Headlines Around the Web

Kotak bank cuts home loan rates

Dec 25 - The Times of India

SBI, HDFC reduce home loan rates

Dec 20, 2013 - The Times of India

SBI forms panel to probe bribe-for-loan case

Nov 26, 2013 - The Times of India

RMZ to buy Four Seasons Bangalore in $100m deal

Nov 20, 2013 - The Times of India

All SBI branches to have ATMs by March

Nov 16, 2013 - The Times of India

SBI gets its first woman chair in 206 years

Oct 08, 2013 - The Times of India

Arundhati Bhattacharya is new chief of SBI

Oct 07, 2013 - The Times of India

SBI surprises with rate hike

Sep 20, 2013 - The Times of India

SBI increases interest rates, makes loans costlier

Sep 19, 2013 - The Times of India

SBI's advance tax pay-out down 40 per cent

Sep 15, 2013 - The Times of India

SBI rejigs accounts to lower losses on farm lending

Aug 22, 2013 - The Times of India

Rise in life expectancy takes toll on SBI profit

Aug 13, 2013 - The Times of India

Articles About State Bank of India

India Rupee Hits 8-month High; Sees Best qtr since Sept 2012

By Reuters

The Indian rupee posted its biggest quarterly gain since the September quarter of 2012 as heavy foreign buying of equities and debt boosted the local unit, but further gains could be capped by a cautious central bank, analysts warned. (Mar 29)

MORE TOPICS: INDIA

A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 6, 2014.
Sensex, Nifty Hit Record High; India-Focused Stocks Rally

By Reuters

The BSE Sensex and Nifty hit a record high on Tuesday as strong buying by foreign investors continued to bolster blue chips in the lead-up to general elections, especially companies more geared towards the domestic economy such as HDFC Bank. (Mar 18)

MORE TOPICS: GOLDMAN SACHS, ELECTIONS, INDIA, UKRAINE

The headquarters of Italian defence and aerospace company Finmeccanica is seen in Rome May 3, 2012.
Italian Judge Rejects Indian Bid to Recover AgustaWestland Deal Guarantees

By Reuters

An Italian judge has rejected a request by India to recover more than 278 million euros ($387 million) in bank guarantees backing a scrapped helicopter deal with Finmeccanica unit AgustaWestland, the Italian defence group said on Monday. (Mar 18)

MORE TOPICS: COURT, INDIA, DEUTSCHE BANK, ELECTIONS

A road sign next to Bombay Stock Exchange (BSE) building in Mumbai
Sensex, Nifty Hit Record Highs; Banking, Realty Stocks Surge

By Reuters

The Nifty rose as much as 2.1 percent to a record high, and the Sensex hit its record for a second consecutive session, as foreign investors bet big in a country that just months ago was gripped by market turmoil. (Mar 08)

MORE TOPICS: GOLD, ELECTIONS, INDIA, INFOSYS, ICICI, CONGRESS

Sensex, Nifty touch record highs on strong foreign flows
Sensex, Nifty Rally to Record Highs; ICICI Jumps 7 Percent

By Reuters

The Nifty rose to a record high, and the benchmark BSE Sensex hit its record for a second consecutive session, as foreign investors bet big in a country that just months ago was gripped by market turmoil. (Mar 07)

MORE TOPICS: GOLD, ELECTIONS, INDIA, ICICI

A worker cleans the stairs of the Reserve Bank of India (RBI) building in Kolkata December 18, 2013.
RBI Likely to Keep Policy Rate on Hold, Sound Hawkish

By Reuters

The Reserve Bank of India (RBI) is expected to keep interest rates unchanged for the second time in six weeks on Tuesday, with Governor Raghuram Rajan expected to strike a hawkish tone on inflation that is easing but remains high. (Jan 28)

MORE TOPICS: CHINA, FEDERAL RESERVE, STANDARD CHARTERED BANK, INDIA, CONSUMER PRICE INDEX, RBI

SBI to Raise up to $1.5 Billion via Share Sale

By Reuters

State Bank of India, the country's largest lender, will raise up to 95.76 billion rupees through a share sale to institutional investors or a follow-on public offer, it said in a statement late on Friday. (Dec 02, 2013)

MORE TOPICS: INDIA

State Bank of India Executive in Bribery Probe Put on Leave

By Reuters

State Bank of India said it had asked a deputy managing director of the bank, Shyamal Acharya, who is under investigation by the CBI in an alleged bribery case, to go on leave. (Nov 26, 2013)

MORE TOPICS: INDIA

Fund Managers Fumble even as Stocks Hit Record Highs

By Reuters

In a year when Indian shares have hit record highs, the country's embattled fund managers are headed for a milestone of their own: their worst performance since the global financial crisis in 2008. (Nov 25, 2013)

MORE TOPICS: JAPAN, RETAIL, INDIA, MANAGEMENT, ICICI, INVESTMENT

BSE Sensex Gains Nearly 300 Points; Banks Rise

By Reuters

The BSE Sensex gains about 1.5 percent, tracking higher Asian peers, encouraged both by the prospect of extended stimulus in the United States and real economic reform in China. (Nov 18, 2013)

MORE TOPICS: CHINA, INDIA, ICICI