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SBIC & The India Advantage

  • Our parent Bank is State Bank of India (SBI)
  • State Bank of India (SBI), with a 200 year history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Government of India is the single largest shareholder of this Fortune 500 entity with 61.58% ownership. SBI was ranked 232 in the Fortune Global 500 rankings of the world's biggest corporations for the year 2016.
  • The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the Imperial Bank of India.
  • SBI has an extensive network with 24,000 plus branches in India and another 198 offices in 37 countries across the world. As of 2017, SBI had assets worth USD 420 billion and revenue in excess of USD 47 billion. SBI has 20% market share in deposits and loans among India Commercial Banks.
  • SBI's non-banking subsidiaries/joint ventures are market leaders in their respective areas and provide wide ranging services, which include life insurance, merchant banking, mutual funds, credit cards, factoring services, security trading and primary dealership, making the SBI Group a truly large financial supermarket and India's financial icon. SBI has arrangements with over 1500 various international / local banks to exchange financial messages through SWIFT in all business centres of the world to facilitate trade related banking business, reinforced by dedicated and highly skilled teams of professionals.
  • For more information about SBI Group, please visit the website
Management Team

Click below to get a list of our Senior Executives and their contacts.

The History of SBI

“The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806”.

Suggestions Form

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