State Bank of India (SBI), with a 200 year history,
is the largest commercial bank in India in terms of assets, deposits, profits,
branches, customers and employees. The Government of India is
the single largest shareholder of this Fortune 500 entity with 61.58%
ownership. SBI is ranked 60th in the list of Top 1000 Banks in the
world by "The Banker" in July 2012.
The origins of State Bank of India date back to 1806 when the Bank
of Calcutta (later called the Bank of Bengal) was established. In
1921, the Bank of Bengal and two other banks (Bank of Madras and
Bank of Bombay) were amalgamated to form the Imperial Bank of
India. In 1955, the Reserve Bank of India acquired the controlling
interests of the Imperial Bank of India and SBI was created by an act
of Parliament to succeed the Imperial Bank of India.
The SBI group
consists of SBI and five associate banks. The group
has an extensive network, with over 20000 plus branches in India
and another 173 offices in 34 countries across the world. As of 31st
March 2012, the group had assets worth USD 359 billion, deposits
of USD 278 billion and capital & reserves in excess of USD 20.88
billion. The group commands over 22% share of the domestic Indian
banking market.
SBIs non- banking subsidiaries/joint ventures are market leaders in
their respective areas and provide wide ranging services, which
include life insurance, merchant banking, mutual funds, credit cards,
factoring services, security trading and primary dealership, making
the SBI Group a truly large financial supermarket and Indiafs
financial icon. SBI has arrangements with over 1500 various
international / local banks to exchange financial messages through
SWIFT in all business centres of the world to facilitate trade related
banking business, reinforced by dedicated and highly skilled teams
of professionals.
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State Bank of India Tokyo branch proposes to renovate its premises at 352, South Tower, Yurakucho Denki Building, 1-7-1 Yurakucho, Chiyoda-Ku, Tokyo. Please click the below link for the details.
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