http://www.sbi.co.inState Bank of Indiais an Indian multinational, Public Sectorbankingandfinancial servicescompany. It is agovernment-owned corporationwith its headquarters inMumbai, Maharastraand also its corporate office inMumbai, Maharashtra.
As of December 2013, it had assets ofUS$388 billion and 13, 000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.[5][6]State Bank of India is one of theBig Four banksof India, along withBank of Baroda, Punjab National BankandICICI Bank.[7][8]The bank traces its ancestry toBritish India, through theImperial Bank of India, to thefounding, in 1806, of theBank of Calcutta, making it the oldest commercial bank in theIndian Subcontinent.Bank of Madrasmerged into the other two presidency banks in British India, Bank of CalcuttaandBank of Bombay, to form theImperial Bank of India, which in turn became the State Bank of India.[9]Government of Indiaowned the Imperial Bank of India in 1955, withReserve Bank of India( India’s Central Bank) taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.State Bank of India is a regional banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.[10]