State Bank of India (OTCMKTS: SBKFF) is India’s largest public sector bank and one of the country’s oldest financial institutions. Tracing its roots to the early 19th century as the Bank of Calcutta, it was reorganized as the Imperial Bank of India in 1921 and later nationalized and renamed in 1955 by the Government of India. Headquartered in Mumbai, the bank serves as the flagship entity of the State Bank Group, which includes several regional and associate banks consolidated under its umbrella.
The bank offers a comprehensive suite of financial products and services that span retail banking, corporate banking, and treasury operations. On the retail side, State Bank of India provides savings and current accounts, home and auto loans, personal and education loans, credit and debit cards, and digital banking solutions. Its corporate banking division caters to large corporations and public sector undertakings with tailored lending, trade finance, cash management, and advisory offerings. In addition, the bank’s treasury arm manages government securities, foreign exchange, derivatives, and money market operations.
State Bank of India maintains an extensive domestic branch network covering urban, semi-urban, and rural markets across India. It also operates a significant international presence with branches, subsidiaries, and representative offices in key financial centers such as New York, London, Singapore, Hong Kong, Dubai, and Colombo. This global footprint enables the bank to support cross-border trade finance, nonresident Indian (NRI) banking, and remittance services, reinforcing its role in facilitating international commerce.
Governed by a board of directors and chaired by Dinesh Kumar Khara, State Bank of India emphasizes strong corporate governance and innovation. The bank’s leadership has driven initiatives in digital transformation, financial inclusion, and sustainability, aligning with national priorities and global best practices. With a majority stake held by the Government of India, State Bank of India continues to play a pivotal role in the nation’s economic development and remains a cornerstone of India’s banking sector.
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