State Bank of India - Company Profile
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State Bank of India (SBI) is a multinational public sector banking and financial services statutory body. The bank engages in a wide range of banking activities, including personal, corporate, and international banking, as well as treasury and insurance services. Its major products and services include home loans, SME loans, corporate credit, and digital banking solutions. The bank serves a diverse customer base, ranging from individual consumers to large enterprises, across various sectors. SBI operates through an extensive network of branches, ATMs, and business correspondent outlets, supported by fintech partnerships. It has a global presence with offices in multiple countries, targeting both domestic and international markets. SBI is headquartered in Mumbai, Maharashtra, India.
State Bank of India premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Deposits: | NRI Banking | SBI |
| Current Accounts | Gold Banking | YONO |
| Savings Accounts | International Banking | SBI Unipay |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In April, SBI Ripple Asia partnered with DSRV for cross-border payments. |
| 2026 | New Products/Services | In April, SBI Ripple Asia introduced a token issuance platform on the XRP Ledger. |
| 2026 | New Products/Services | In April, the bank and PhonePe introduced the co-branded PhonePe SBI Card. |
Competitor Comparison
| Key Parameters | State Bank of India | Axis Bank Ltd | Bank of Baroda | Canara Bank | Punjab National Bank |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Baroda | Bangalore | New Delhi |
| State/Province | Maharashtra | Maharashtra | Gujarat | Karnataka | Delhi |
| No. of Employees | 245,131 | 101,337 | 75,515 | 81,827 | 106,420 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Challa Sreenivasulu Setty | Chairman | Executive Board | 2024 | - |
| Ashwini Kumar Tewari | Director; Managing Director - Corporate Banking & Subsidiaries | Executive Board | 2021 | - |
| Sunil Ramgopal Agrawal | Chief Financial Officer | Senior Management | 2026 | - |
| Rana Ashutosh Kumar Singh | Director; Managing Director - Risk, Compliance & SARG | Executive Board | - | - |
| Rama Mohan Rao Amara | Managing Director - International Banking, Global Markets & Technology; Director | Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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