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State Bank of India ( SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 45th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. [11]
Merged with the State Bank of India on 1 April 2017: Bangalore: 14: State Bank of Patiala: 1917: 2017: Merged with the State Bank of India on 1 April 2017: Patiala: 15: State Bank of Indore: 1920: 2017: Merged with the State Bank of India on 1 April 2017: Indore: 16: Imperial Bank of India: 1921: 1955: Renamed as the State Bank of India in 1955 ...
The chairman of the State Bank of India is the chief executive officer of India's largest scheduled commercial bank and the ex-officio chair of its Central Board of Directors. Since its establishment in 1955 by the government of India , the SBI has been headed by twenty-six chairpersons.
Dinesh Kumar Khara (born 28 August 1961) is a career banker and Chairman of the State Bank of India a position he assumed on 7 October 2020. Education. He is a postgraduate in Commerce from Delhi School of Economics and an MBA from the Faculty of Management Studies, New Delhi.
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded. [1]
The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [31] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to regulate ...
SBICAP Ventures Limited. | homepage = www .sbicaps .com }} SBI Capital Markets (SBICAPS) is a wholly owned investment banking subsidiary of State Bank of India (SBI). [3] Headquartered in Mumbai, SBICAPS has 6 regional offices across India (Ahmedabad, Chennai, Hyderabad, Kolkata, New Delhi and Bengaluru) and the United Arab Emirates (Abu Dhabi ...
A 60% stake was taken by the Reserve Bank of India and the new bank was named State Bank of India. The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government.