State Bank of India is an Indian multinational public-sector bank and financial services institution headquartered in Mumbai, the largest bank in India by both assets and combined loan and deposit market share. It descends from the Bank of Calcutta, founded in 1806, through the Imperial Bank of India, and took its present name on 1 July 1955 after more than twenty mergers and acquisitions over its two-hundred-year history.
Facts
Company Type Founded YearRenamed from the Imperial Bank of India to State Bank of India on this date under the State Bank of India Act, 1955; traces continuous ancestry to the Bank of Calcutta, founded 1806. Headquarters Connections
Operates In
A major financial services company; classified in the atlas financial-services-industry.
In the Other Atlases
- Also in Geography Atlas: India, located there.
Sources
1. Wikipedia, State Bank of India
Wikipedialead section, paragraph 1
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body, headquartered in Mumbai.
lead section, paragraph 3
which in turn became the State Bank of India on 1 July 1955
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