State Bank of India
State Bank of India is a Mumbai-headquartered public sector bank and statutory body with 23,321 branches and 245 offices in 29 foreign countries, according to its website.
Industry: Banking | Location: Mumbai, India | Founded: 1806
About State Bank of India
State Bank of India is an Indian public sector bank and financial services statutory body headquartered in Mumbai. Its website describes a network of 23,321 branches, 63,580 ATMs and automated deposit and withdrawal machines and 82,900 business correspondent outlets, serving more than 50 crore customers, together with 245 offices in 29 countries outside India (page updated 8 October 2026).
The bank traces its origins to the Bank of Calcutta, established on 2 June 1806 and renamed the Bank of Bengal on 2 January 1809. The three presidency banks were merged into the Imperial Bank of India on 27 January 1921, and State Bank of India was constituted on 1 July 1955 under an Act passed in May 1955. A 1959 Act let it take over eight former state-associated banks. Wikipedia reports that further associate banks and Bharatiya Mahila Bank were absorbed in April 2017.
Challa Sreenivasulu Setty is chairman, and the bank's board page lists four managing directors: Ashwini Kumar Tewari, Rana Ashutosh Kumar Singh, Rama Mohan Rao Amara and Ravi Ranjan. According to Wikipedia, Setty joined the bank as a probationary officer in 1988 and became chairman on 28 August 2024.
The group includes SBI General Insurance, SBI Life Insurance, SBI Mutual Fund and SBI Card, among others, according to the bank's website. Wikipedia lists the Union of India as holding about 55.5 percent of the bank and shows its shares listed on the National Stock Exchange of India under SBIN and on BSE under 500112, with global depositary receipts in London.
For the financial year 2026, the bank's financial highlights page reports standalone net profit of 80,032 crore rupees, up from 70,901 crore in FY2025. Standalone total assets were 76,23,012 crore rupees, deposits 59,75,642 crore and advances 48,77,895 crore. The annual report for FY2025-26 is published on its investor relations page.
In June 2026 TechScoop covered Emirates NBD's purchase of a majority stake in RBL Bank and stated that State Bank of India helped establish National Bank of Dubai, the predecessor of Emirates NBD, in 1963. The article does not connect the bank to the RBL transaction.
Leadership
- Challa Sreenivasulu Setty, Chairman
- Ashwini Kumar Tewari, Managing Director
- Rana Ashutosh Kumar Singh, Managing Director
- Rama Mohan Rao Amara, Managing Director
- Ravi Ranjan, Managing Director