About

State Bank of India (SBI) is a multinational, public sector bank and financial services body headquartered in Mumbai, India. Founded on July 1, 1955, tracing its origins back to the Bank of Calcutta in 1806, the Bank of Bombay in 1840 and the Bank of Madras in 1843, SBI holds a 23% market share by assets and a 25% share of the total loan and deposits market, making it the largest bank in India. As of 2024, SBI serves 500 million customers and employs nearly 250,000 people, making it the tenth largest employer in India. With revenue of ₹5.24 trillion (US$62 billion) in 2025, SBI operates as a public company offering a range of banking and financial services.