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Shareholding Info
  • Promoters
    57.49 %
  • Foreign institutions-FII
    9.89 %
  • Other domestic institutions
    12.16 %
  • Retail and other
    7.41 %
  • Mutual Funds
    13.05 %

About State Bank of India (SBI)

The State Bank of India (SBI) is a Fortune 500 banking company that provides Public Sector Banking and Financial services, headquartered in Mumbai, Maharashtra. An Indian Multinational, SBI showcases a rich heritage of over 200 years, creating a legacy that has named it one of the most trusted banks by Indians through the generations. The largest Indian bank, covering 1/4th of the market share, the SBI caters to over 45 crore customers through its huge network of over 22,000 branches, 62617 ATMs/ADWMs, and 71,968 BC outlets. It focuses on providing innovation and customer centricity, which comes from its core values of Service, Transparency, Ethics, Politeness and Sustainability. Originally established as the Bank of Calcutta in Calcutta on 2 June 1806, the SBI received its charter two years later and rebranded as the Bank of Bengal in 1809. The first joint-stock bank of British India sponsored by the Government of Bengal, the Bank of Bengal was followed by the Bank of Madras and Bank of Bombay, which remained at the apex of banking in India till their amalgamation in 1921 as the Imperial Bank of India. In 1955, the Imperial Bank of India successfully transformed into the State Bank of India. Since its incorporation, the bank has successfully diversified its businesses and services through its subsidiaries such as SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, and more. Outside India, it works across continents through 229 offices in 31 foreign countries.

Core Activities & Products

The SBI provides a large variety of products to both its retail and corporate customers through a wide network of branches present across the globe. Some of these include cards (debit and credit cards), savings accounts, fixed deposit accounts, foreign exchange services, tax saving bonds, loans, loans against securities, and more. Apart from these, it also provides services of general insurance, wealth management, asset management, private equity, savings security, and more. The bank has also introduced its own app, called YONO, that facilitates digital banking right through its customers’ fingertips.

SBI Life Insurance was incorporated in October 2000 and was registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001, quickly becoming one of the most trusted insurance companies in India. Serving millions of families across the country, SBI Life’s wide range of products cater to both individuals as well as group customers through Protection, Pension, Savings and Health solutions.

Established in 2009, SBI General has expanded its presence to cover over 137 branches across India. Serving 6 crore customers, it has been awarded the ‘Insurer of the Year’ in the non-life category at FICCI Insurance Industry Awards, 2020 & 2021.

A non-banking financial company, SBICPSL is India’s largest pure-play credit card issuer with a huge base of over 13.7 million cards in force, as of March 2022. It offers an extensive credit card portfolio to individual cardholders and corporate clients including lifestyle, rewards, travel & fuel, and banking partnership cards.

A joint venture between SBI and AMUNDI (France), SBIFML is one of the world’s leading asset management companies. it is amongst the fastest growing AMCs with an impressive growth of over 28.3% against the industry average of 19.5% in 2021-22.

India’s leading investment banker, SBIFML offers its customers a variety of investment banking and corporate advisory services across three main product groups - Project Advisory and Structured Finance, Equity Capital Markets and Debt Capital Markets.

  • SBICAP Securities Ltd (SSL)
A subsidiary of SBI Capital Markets, SSL is the retail broking arm of the SBI Group. It offers its customers a bouquet of products and services to choose from such as Equity, Derivatives, Mutual Funds, Insurance Products, Corporate FDs, and more, through a state-of-the-art trading platform on mobile app, website, and dealer terminal.

  • SBICAP Ventures Limited (SVL)
An Asset Management arm of the SBI Group, SVL offers alternate investments and is one of India’s fastest-growing asset managers in this space. Set up in the year 2005, SVL is also a wholly owned subsidiary of SBI Capital Markets Limited.

Registered with the Securities & Exchange Board of India (SEBI), STCL acts as a Debenture Trustee and offers services such as Security Trusteeship, Debenture Trusteeship, Alternate Investment Fund Trusteeship, Share Pledge Trusteeship, Escrow Trusteeship, and more.

A joint venture between SBI and Société Générale (SG), this company was set up to offer high-quality fund accounting and custodial to both domestic and foreign institutional investors supplemented by a diverse variety of premier banking services.

One of the largest standalone Primary Dealers (PD) with a presence across India, SBI DFHI acts as a Primary Dealer (PD) and is mandated to support the book-building process in primary auctions and provide depth and liquidity to secondary markets in G-Sec.

  • SBI Payment Services Pvt Ltd. (SBI Payments)
SBI became the first public sector banking institution to create a joint venture with SBI Payments for merchant acquiring businesses. It is one of the largest acquirers of India with a presence across more than 5000 centres domestically.

The leading provider of factoring services for domestic and international trade, SBIGFL is perfect for MSME clients, especially to free up resources that have been locked in book debts.

Appointed as the Pension Fund Manager (PFM) along with six others, this subsidiary manages the pension corpus and pension funds under the National Pension System (NPS).

Board of Directors

  1. Shri Dinesh Kumar Khara, Chairman
  2. Shri C.S. Setty, Managing Director
  3. Shri Swaminathan J., Managing Director
  4. Shri Ashwini Kumar Tewari, Managing Director
  5. Shri Alok Kumar Choudhary, Managing Director
  6. Shri B. Venugopal, Director
  7. Dr Ganesh Natarajan, Director
  8. CA Shri Ketan S. Vikamsey, Director
  9. Shri Mrugank M Paranjape, Director
  10. CA Shri Sanjeev Maheshwari, Director
  11. CA Shri Prafulla P Chhajed, Director
  12. Shri Sanjay Malhotra, IAS, Director
  13. Shri Anil Kumar Sharma, Director

Key Executives

  1. Shri Dinesh Kumar Khara, Chairman
  2. Shri Challa Sreenivasulu Setty, Managing Director
  3. Shri Swaminathan J., Managing Director
  4. Shri Ashwini Kumar Tewari. Managing Director
  5. Shri Alok Kumar Choudhary, Managing Director
  6. Shri Sastry S. Venkataramana, Deputy Managing Director
  7. Shri Prakash Chandra Kandpal, Deputy Managing Director, Retails (P&RE)
  8. Shri Radhakrishnan V.S., Deputy Managing Director
  9. Shri S. Salee, Deputy Managing Director& Chief Credit Officer, CC Mumbai
  10. Shri Rana Ashutosh Kumar Singh, Deputy Managing Director
  11. Shri Prabodh Parikh, Deputy Managing Director & Chief Operating Officer
  12. Shri Sureddi Srinivasa Rao, Deputy Managing Director &Chief Risk Officer
  13. Smt Saloni Narayan, Deputy Managing Director(Finance), CC Mumbai
  14. Shri Sanjay D Naik, Deputy Managing Director
  15. Shri Subrata Biswas, Deputy Managing Director
  16. Shri Vishwanathan Ramanathan, Deputy Managing Director, Internal Audit, CC Hyderabad, CC, MUMBAI
  17. Shri Om Prakash Mishra, Deputy Managing Director (HR) & Corporate Development Officer
  18. Shri Raghavendra Rao Balakrishna, Deputy Managing Director
  19. Shri Nitin Chugh, Deputy Managing Director & Head (Digital Banking)
  20. Smt Ruma Dey, Deputy Managing Director  & Group Compliance Officer


In the Indian market, the State Bank of India flaunts over 22,000 branches and 66,000 BC outlets in various zones. 66% of its branches are located in rural areas and only 34% of its branches are located in urban areas, making it one of the hugest presences in rural India. It has over 58,000 operating ATMs running in India, that are equipped with the latest technology, modern facilities, and advanced infrastructure.

On the international front, the bank has more than 190 overseas branches spread across 36 countries in diverse cities such as Moscow, London, Maldives, Dubai, New York, Dhaka, and more. It also connects with its customers on its own mobile app and website.

Registered address:

Corporate Centre, State Bank Bhavan,Madame Cama Road, Nariman Point,Mumbai, Maharashtra 400021


Having been around for over two centuries, the State Bank of India borrows most of its strengths from:
  • Being the largest bank in India in terms of market share as well as presence.
  • Having more than 25,000 outlets in India; its home country.
  • Having the first-mover advantage in the commercial banking service industry
  • Well backed by the Government of India
  • Highly commendable geographical reach

CSR and Sustainability

The State Bank of India is committed to being an agent of positive change and understands that sustainable growth for its business is the base for creating long-term value for all its stakeholders. Thus, it is focused on offering its products and services in a responsible manner that not only proves beneficial for the stakeholders but also takes the Bank’s social and environmental impact into account.

SBI’s multi-faceted business model is quickly evolving to meet several requirements, such as enhancement of customer satisfaction, increased focus on digitization, contribution to national development goals, developing communities, improving financial literacy amongst underprivileged people, reducing the carbon footprint of its operations, and aligning its initiatives to the global Sustainable Development Goals (SDGs). This policy statement outlines the paths taken by the bank to manage its economic, environmental and social performance. Moreover, the policy also shares SBI’s environmental and social focus areas and outlines the basic principles on which these sustainability initiatives will be designed and implemented.

Committed to taking actions that are tangible and quantifiable, SBI aspires to:

  1. Conduct day-to-day operations and transactions that are in line with its goal to provide simple, responsive, and innovative financial solutions.
  2. Engage with all its stakeholders and the society at large with the aim to emerge as the Bank of Choice for a transforming India.
  3. Conduct banking transactions and other investments with professional integrity, conforming to the highest ethical standards and compliance.
  4. Establish a working environment that helps in nurturing employees and contributes to their overall professional development.
  5. Reduce the Bank’s Carbon footprint.
  6. Aiding the Capacity creation towards mitigation and adaptation of the effects of Climate change.
  7. Mitigating risks and identifying opportunities for sustainable growth.
  8. Innovating continuously to develop products and services that enable both environmental conservation and socioeconomic development.
  9. Collaborating with policymakers & peers in the industry to propagate public good.
  10. Providing its employees with a workplace that is safe and secure.


Certain aspects of the workings of SBI bank and its subsidiaries has often garnered much criticism. These are:
  • A possibility of losing its market share to one of its close competitors, ICICI Bank.
  • A serious threat in terms of acquiring new customers as many of them tend to avail the services of private banks.
  • Heavy government intervention.
  • Foreign entrants.

COVID-19 Impact

Due to the massive uncertainty triggered by a global pandemic, the SBI announced that it expected flat growth in its corporate loan books in the fiscal year 20-21. It has also disclosed a 2% drop in corporate credit portfolio in FY20, as compared to a 14% drop in FY19. However, the bank also expects an increase in demand, particularly in certain sectors, such as infrastructure.

Future Prospects

With India’s integration into the global economy accompanied by economic growth, the country has become a global player with about 60% of its population under the age of 35. Catering to this audience, as well as the push of digitalisation due to Covid 19, SBI has introduced YONO - You Only Need One, a comprehensive financial platform with four main focuses: a digital bank for convenience, a financial superstore for investments and other financial services, an online marketplace with lifestyle products from partners, and an overall digital transformation with analytics. This app is expected to give the bank is push in the market, helping it rise above its competitors.

Did You Know!

Initially Bank of Bengal, established in Kolkata in 1806, Bank of Bombay, established in 1840 and Bank of Madras, established in 1843, were all private shareholder’s banks during the British period. It was in 1921, that these 3 banks combined into one called the Imperial Bank of India (IBI). In 1955, IBI was acquired by RBI who then renamed them as State Bank of India.

Fascinatingly, SBI has 190 foreign offices in 36 countries as well as over 15,000 bank branches and over 58,541 ATMs across India. It is the first Indian bank to open a branch in China and an ATM at Drass, in Jammu & Kashmir’s Kargil region.

Initial Public Offering

Back in December 1993, State Bank of India released an IPO at a premium share price of Rs. 90. This was done on SBI share price that had a face value of only Rs. 10. The IPO performed successfully and earned back good dividends. Ever since 1993, SBI share price has been on a consistent rise as the company has grown tenfold.

Equity Shares

As of 31 March 2017, the Government of India owned around 61.23% of State Bank of India’s equity shares. The Life Insurance Corporation of India, which itself is also owned by the government, is the biggest non-promoter shareholder in SBI with around 8.82% shareholdings.

Currently, this is how the shareholding pattern looks:

  1. Government of India: 56.92%
  2. FII: 10.94%
  3. Mutual Funds and UTI: 13.72%
  4. Banks and Insurance Companies: 10.63%
  5. Others: 7.79%

The SBI equity shares are listed on the BSE (Bombay Stock Exchange), where it is a part of the BSE SENSEX index. On the NSE (National Stock Exchange of India), where it is a part of the CNX Nifty. SBI’s GDRs (Global Depository Receipts) are also listed on the LSE (London Stock Exchange).

While the company continues to increase profits, with the advancements in technology, many investors believe that the SBI stock price is capable of touching Rs. 1,000 over the next 3 years. It is a great investment option and the yield will be exceptionally good, say some investors.

Annual Financial Summary

12 mths12 mths12 mths12 mths12 mths
Equity Share Capital892.46892.46892.46892.46892.46
TOTAL SHARE CAPITAL892.46892.46892.46892.46892.46
Revaluation Reserve23,377.8723,577.3523,762.6724,653.9424,847.99
Reserves and Surplus255,817.73229,405.38207,352.30195,367.42193,388.12
Total Reserves and Surplus279,195.60252,982.73231,114.97220,021.36218,236.10
TOTAL SHAREHOLDERS FUNDS280,088.06253,875.19232,007.43220,913.82219,128.56
Other Liabilities and Provisions229,931.84181,979.66163,110.10145,597.30167,138.08
TOTAL CAPITAL AND LIABILITIES4,987,597.414,534,429.633,951,393.923,680,914.253,454,752.00
Cash and Balances with Reserve Bank of India257,859.21213,201.54166,735.78176,932.42150,397.18
Balances with Banks Money at Call and Short Notice136,693.11129,837.1784,361.2345,557.6941,501.46
Fixed Assets37,708.1638,419.2438,439.2839,197.5739,992.25
Other Assets339,924.86351,768.68289,613.55266,327.70226,994.20
TOTAL ASSETS4,987,597.414,534,429.633,951,393.923,680,914.253,454,752.00
Number of Branches22,266.0022,219.0022,141.0022,010.0022,414.00
Number of Employees244,250.00245,652.00249,448.00257,252.00264,041.00
Capital Adequacy Ratios (%)13.8513.7413.1313.0013.00
Tier 1 (%)11.1611.4410.7111.0010.00
Tier 2 (%)2.692.302.422.002.00
Gross NPA112,023.00126,389.00149,091.85172,753.60223,427.46
Gross NPA (%)
Net NPA27,965.7136,809.7251,871.30658,947.40110,854.70
Net NPA (%)1.021.502.233.006.00
Net NPA To Advances (%)
Bills for Collection77,730.121,706,949.9155,758.1670,022.5474,027.90
Contingent Liabilities2,007,083.441,706,949.911,214,994.611,116,081.461,162,020.69
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