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About the Company

State Bank of India (SBI) is the largest public sector bank in India, with a legacy spanning over 200 years, originating as the Bank of Calcutta in 1806. Headquartered in Mumbai, SBI offers a wide range of banking and financial services to individuals, businesses, and institutions, both domestically and internationally. 

Key Features and History:
  • Largest Public Sector Bank:

    SBI holds a significant market share in the Indian banking sector, with a substantial network of branches and ATMs. 

  • Public Sector Entity:

    SBI is a government-owned corporation, operating under the purview of the Ministry of Finance. 

  • Global Presence:

    SBI operates branches and offices in various countries, serving international customers. 

  • Universal Bank:

    SBI provides a comprehensive suite of banking services, including retail banking, corporate banking, and treasury operations. 

  • Legacy and Evolution:

    SBI evolved from the Bank of Calcutta, a colonial-era bank, and later merged with other banks to form the Imperial Bank of India (IBI) before becoming State Bank of India in 1955. 

  • Nationalization:

    The bank was nationalized by the Indian government in 1955. 

  • Ownership:

    While initially held jointly with the Reserve Bank of India, the government eventually took full ownership. 

  • Subsidiaries and Diversification:

    SBI has diversified into various financial services through subsidiaries like SBI Life Insurance and SBI Mutual Fund. 

Products and Services:
SBI offers a wide range of services including:
  • Deposit Accounts: Savings accounts, fixed deposits, and term deposits. 
  • Loans: Personal loans, home loans, business loans, car loans, and other financing options. 
  • Credit Cards and Debit Cards: Banking cards for various transactions and purchases. 
  • Digital Banking: Mobile banking, internet banking, and ATM services. 
  • International Banking: Foreign inward remittances, trade finance, and offshore banking. 
  • Treasury Services: Investment portfolio management and trading. 
  • Other Services: Safe deposit lockers, money transfer, and cash management. 
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