State Bank of India

India’s largest banking and financial services company, State Bank of India is owned by the government of the country. Headquarters of the financial capital of India of Mumbai this state-owned bank exists from the British era.

Renamed to the Imperial Bank of India from the Bank of Calcutta of 1806 this bank has the identity of being oldest Indian commercial bank famous of the entire Indian Subcontinent. Imperial Bank of India had formed after the merging of Bank of Madras, Bank of Calcutta and Bank of Bombay. Post independent Imperial Bank of India was nationalized by Indian government of 1955.

Reserve Bank of India developed new strategy for this bank and renamed it to State Bank of India. Today this bank offers variety of banking solution by offering many products. It has big network of branches of the country and overseas. It also has special focus on the needs of non-resident Indians (NRIs) and serves them with variety of innovative products.

State Bank of India and its group of banks function with more than 16,000 branches now. The bank operates 130 branches overseas of various parts of the world. Recent calculations describe State Bank of India’s asset $352 billion out of which $285 billion deposits. This bank is highest and largest of the Big Four banks run of Indian subcontinent.

State Bank Of India Details:

IFSC Code of Banks of India