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Re: When Imperial Bank Was Named As State Bank Of India
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As you asking I am telling On 1 July 1955, the imperial Bank of India became the State Bank of India. In 2008, the Government of India acquired the Reserve Bank of India's stake in SBI so as to remove any conflict of interest because the RBI is the country's banking regulatory authority. Bank profile: Type Public Traded as NSE: SBIN BSE: 500112 LSE: SBID BSE SENSEX Constituent CNX Nifty Constituent Industry Banking, financial services Founded 2 June 1806, Bank of Calcutta 27 January 1921, Imperial Bank of India 1 July 1955, State Bank of India 2 June 1956, nationalization Headquarters Mumbai, Maharashtra, India Area served Worldwide Key people Rajnish Kumar (Chairman) Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards Revenue 298,640.45 crore (US$47 billion) (2017) Operating income 50,847.90 crore (US$7.9 billion) (2017) Profit 10,484.10 crore (US$1.6 billion) (2017) Total assets 2,705,966.30 crore (US$420 billion) (2017) Total equity 144,274.65 crore (US$22 billion) (2016) Owner Government of India (61.23%) Number of employees 209,567 (2017) Capital ratio 13.12% (2016) |
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