State Bank of India

The State Bank of India (SBI) is the largest banking and financial services company in India with headquarters in Mumbai, India. This bank is state owned by the Government of India. This bank traces descent to British India, through Imperial Bank of India, to its establishment in 1806 from the Bank of Calcutta, making it the oldest commercial bank in the Indian Sub-continent. The Bank of Madras joined two other presidency banks, the Bank of Calcutta and the Bank of Bombay to form the Imperial Bank of India, which in turn became the State Bank of India. In 2008, the government took over shares held by the Reserve Bank of India.

SBI provides various banking products through extensive branch networks in India and abroad, including products aimed at non-resident Indian leaders (NRIs). The State Bank Group, with more than 16,000 branch offices, has the largest banking branch network in India. SBI has 14 Local Head Offices and 57 Regional Offices located in important cities throughout India.

With an asset base of US $ 352 billion and US $ 285 billion in deposits, SBI is a regional banking giant and is one of the largest financial institutions in the world. This bank has a market share among Indian commercial banks around 20% in deposits and loans. The State Bank of India is the 29th most famous company in the world according to the magazine Forbes business magazine. Also, SBI is the only bank featured in the list of "the top 10 brands in India" in the annual survey conducted by Brand Finance and The Economic Times in 2010.