State Bank of India (SBI)
India is the leading country in the world in terms of digital transactions with a 19 times jump in digital transactions in just 7 years.
State Bank of India provides a range of products and services to individuals, commercial enterprises, large corporates, public bodies and institutional customers. It offers a range of segments like treasury, which includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts; corporate/wholesale banking, which comprises the lending activities of corporate accounts group, mid corporate accounts group and stressed assets management group; retail banking, which comprises branches in National Banking Group and primarily includes personal banking activities like lending activities to corporate customers having banking relations with branches in the National Banking Group; and other banking business, which includes operations of all non-banking subsidiaries/joint ventures other than SBI Life Insurance Co. Ltd. and SBI General Insurance Co. Ltd.
Company Website: sbi.co.in
State Bank of India - Soaring to New Heights
| 2021 | In September 2021, SBI raised Rs. 4,000 crore (US$ 533.8 million) via additional Tier 1 bonds at a coupon rate of 7.72%, the first such issuance in the domestic market after the Securities and Exchange Board of India issued new rules. |
| 2020 | On December 17, 2020, State Bank of India (SBI) won the Data Security Council of India (DSCI) award for the ‘Best Security Practices in the Banking Sector” State Bank of India (SBI) raised US$ 100 million in green bonds through private placement |
| 2019 | SBI entered into an agreement with National Investment and Infrastructure Fund (NIIF) to provide financing solutions to infrastructure sector |
| 2018 | Jio and SBI entered into a partnership to increase SBI’s digital customer base multi-fold. |
| 2017 | Acquired State Bank of Travancore, State Bank of Patiala, State Bank of Hyderabad, State Bank of Bikaner & Jaipur,State Bank of Mysore and Bhartiya Mahila Bank (BMB). |
| 2011 | State Bank of India recorded debit card base of over 70 million. |
| 2009 | State Bank of India, entered into an agreement with the Government of Gujarat to create a fund of Rs 5.00 billion (US$ 103.41 million) for investing in equity of infrastructure projects. |
| 2004 | State Bank of India, Bangalore Circle, has announced its tie-up with New India Assurance Company Ltd (NIAC), for distribution of National Association of Insurance Commissioners (NIAC) general insurance products in Karnataka. |
| 2001 | The Bank has incorporated a subsidiary SBI Life Insurance Company Ltd, for doing life insurance business. |
| 1998 | The State Bank of India on Jan 27 took step into the payment cards business with a joint venture agreement with US-based financial services giant, General Electric Capital Corporation (GE Capital). |
| 1987 | The bank had sponsored 30 Regional Rural Banks covering 66 backward and underbanked districts in the country. |
| 1955 | On July 1 State Bank of India was constituted under the State Bank of India Act 1955. |
- 22,000 branches
- 62,617 ATMs
- Operating profit of Rs. 138,485.38 crore (US$ 18.88 billion) in FY21
- A Fortune 500 company
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