SMARTNET

State Bank of India (SBI) is a Mumbai-headquartered Indian multinational public sector bank, widely recognized as the largest bank in India with over 200 years of heritage. It is a Fortune 500 company holding a massive asset base (approx. ₹66.76 lakh crore in 2025) and provides comprehensive banking, investment, and insurance services to over 50 crore customers.

• Subsidiaries: The bank has diversified operations through key subsidiaries, including:
  • SBI Life Insurance Ltd
  • SBI Mutual Fund
  • SBI Cards and Payment Services Ltd
  • SBI General Insurance
• Services: Offers a wide range of services, including personal banking, agriculture loans, corporate banking, and digital services through YONO.

• Legacy & Status: Descending from the Bank of Calcutta (1806), it is the oldest commercial bank in the Indian subcontinent and was nationalized in 1955.
• Market Position: SBI is ranked as a "too big to fail" bank (D-SIB) by the Reserve Bank of India, alongside HDFC and ICICI.
• Infrastructure:

   It operates through a massive network of over 23,085 branches, 63,580 ATMs/ADWMs, and over 241 international offices across 29 countries.