State Bank of India is an Indian public sector, multinational banking and financial services statutory body. It is the largest bank in India, with a 23% market share by assets and a 25% share in the total loan and deposits market. Founded in the year 1806 as Bank of Calcutta, it officially became State Bank of India under the provisions of State Bank of India Act 1955. SBI was ranked 163rd in the 2025 Fortune Global 500 list of the world’s biggest corporations.
| Particular | Details |
| Bank Name | State Bank of India |
| Type | Public Sector |
| Founded | 1st July 1955 |
| Founder | No individual founder |
| Headquarters | Mumbai, Maharashtra, India |
| MD & CEO | Challa Sreenivasulu Setty |
| Chairman | Challa Sreenivasulu Setty |
| Regulator | RBI |
| Services | Personal Banking, Business Banking, MSME Banking and more |
| Branch Network | 23,085 |
| Customer Base | +50 crore |
| Total Deposits | INR 55.9 lakh crore |
| Total Advances | INR 44.2 lakh crore |
| CASA Ratio | 39.63% |
| Bank Type Focus | Retail and Secured Lending, Wealth Management and Financial Inclusion |
| Official Website | www.sbi.bank.in |
Net Worth and Market Cap
Net Worth of State Bank of India was approximately INR 74.4 lakh crore in early 2025, reaffirming its position as India’s largest bank. Its current market capitalisation is INR 9.63 lakh crore.
Corporate Leadership
Challa Sreenivasulu Setty is the Chairman and CEO of State Bank of India. He assumed charge in August 2024. Four Managing Directors of the bank are Ashwini Kumar Tewari, Rana Ashutosh Kumar Singh, Rama Mohan Rao Amara and Ravi Ranjan.
Key Banking Products and Services
SBI offers a comprehensive suite of banking products and services across numerous segments, including retail or personal banking, business banking, corporate banking, agriculture or rural banking, NRI banking and digital banking.
The bank provides a wide range of everyday banking solutions for individuals. These include savings accounts, salary accounts, current accounts, specialised accounts like resident foreign currency account, deposit and investment schemes like special term deposits, fixed deposits, recurring deposits, multi-option deposit schemes and more, several retail loan options and multiple variants of credit and debit cards.
Business and SME banking offerings are tailored for small businesses, startups and enterprises. The major offerings include current accounts, corporate liquid term deposits, working capital finance, supply chain finance, MSME-focused products, cash management products and digital document execution.
Key digital banking platforms of the bank are YONO SBI mobile app and internet banking. They incorporate multiple functions, including account management, fund transfers, bill payments, loans, investments, shopping and tax e-filing.
Scale of Operations
State Bank of India is headquartered in Mumbai, Maharashtra, India. It operates a vast network of 23,085 branches, 63,580 ATMs and 82,900 BC outlets across India. In addition, the bank has 241 offices in 29 foreign countries.
