of india type public company 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 1 nationalization headquarters mumbai maharashtra india area served worldwide key people arundhati bhattacharya chairperson 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 2.7287103 trillion us 41 billion 2016 2 3 profit 127 billion us 1.9 billion 2016 total assets 20.480 trillion us 300 billion 2014 15 owner government of india number of employees 293 469 2016 website sbi.co.in 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 of 2014 15 it had assets of 20.480 trillion us 300 billion and more than 14 000 branches including 191 foreign offices spread across 36 countries making it the largest banking and financial services company in india by assets . 4 5 6 the company is ranked 232nd on the fortune global 500 list of the world s biggest corporations as of 2016 . 7 the bank traces its ancestry to british india through the imperial bank of india to the founding in 1806 of the bank of calcutta making it the oldest commercial bank in the indian subcontinent . bank of madras merged into the other two presidency banks in british india bank of calcutta and bank of bombay to form the imperial bank of india which in turn became the state bank of india in 1955 . 8 government of india owned the imperial bank of india in 1955 with reserve bank of india india s central bank taking a 60 % state and renamed it the state bank of india . in 2008 the government took over the stake held by the reserve bank of india . state bank of india is a banking behemoth and has 20 % market share in deposits and loans among indian commercial banks . 9 contents 1 history 2 operations 2.1 domestic presence 2.2 international presence 2.3 associate banks 2.4 non banking subsidiaries 2.5 other sbi service points 3 logo and slogan 4 listings and shareholding 5 employees 6 recent awards and recognitions 7 major competitors 8 see also 9 references 10 external links history edit seal of imperial bank of india the roots of the state bank of india lie in the first decade of the 19th century when the bank of calcutta later renamed the bank of bengal was established on 2 june 1806 . the bank of bengal was one of three presidency banks the other two being the bank of bombay incorporated on 15 april 1840 and the bank of madras incorporated on 1 july 1843 . all three presidency banks were incorporated as joint stock companies and were the result of royal charters . these three banks received the exclusive right to issue paper currency till 1861 when with the paper currency act the right was taken over by the government of india . the presidency banks amalgamated on 27 january 1921 and the re organised banking entity took as its name imperial bank of india . the imperial bank of india remained a joint stock company but without government participation . pursuant to the provisions of the state bank of india act of 1955 the reserve bank of india which is india s central bank acquired a controlling interest in the imperial bank of india . 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 . in 1959 the government passed the state bank of india subsidiary banks act . this made sbi subsidiaries of eight that had belonged to princely states prior to their nationalization and operatonal take over between september 1959 and october 1960 which made eight state banks associates of sbi . this acquisition was in tune with the first five year plan which prioritised the development of rural india . the government integrated these banks into the state bank of india system to expand its rural outreach . in 1963 sbi merged state bank of jaipur est. 1943 and state bank of bikaner est. 1944 . sbi has acquired local banks in rescues . the first was the bank of bihar est. 1911 which sbi acquired in 1969 together with its 28 branches . the next year sbi acquired national bank of lahore est. 1942 which had 24 branches . five years later in 1975 sbi acquired krishnaram baldeo bank which had been established in 1916 in gwalior state under the patronage of maharaja madho rao scindia . the bank had been the dukan pichadi a small moneylender owned by the maharaja . the new bank s first manager was jall n. broacha a parsi . in 1985 sbi acquired the bank of cochin in kerala which had 120 branches . sbi was the acquirer as its affiliate the state bank of travancore already had an extensive network in kerala . the new logo of the sbi was actually the aerial view of the kankaria lake in ahmedabad gujrat on 1 october 1971 and was designed by shekhar kammat . there has been a proposal to merge all the associate banks into sbi to create a mega bank and streamline the group s operations . 10 the first step towards unification occurred on 13 august 2008 when state bank of saurashtra merged with sbi reducing the number of associate state banks from seven to six . then on 19 june 2009 the sbi board approved the absorption of state bank of indore . sbi holds 98.3 % in state bank of indore . individuals who held the shares prior to its takeover by the government hold the balance of 1.7 % . 11 the acquisition of state bank of indore added 470 branches to sbi s existing network of branches . also following the acquisition sbi s total assets will inch very close to the 10 trillion mark 10 billion long scale . the total assets of sbi and the state bank of indore stood at 9 981 190 million as of march 2009 . the process of merging of state bank of indore was completed by april 2010 and the sbi indore branches started functioning as sbi branches on 26 august 2010 . 12 on 7 october 2013 arundhati bhattacharya became the first woman to be appointed chairperson of the bank . 13 operations edit sbi provides a range of banking products through its network of branches in india and overseas including products aimed at non resident indians nris . sbi has 14 regional hubs and 57 zonal offices that are located at important cities throughout india . domestic presence edit sbi has 18 354 branches in india . 2 in the financial year 2012 13 its revenue was 2.005 trillion us 30 billion out of which domestic operations contributed to 95.35 % of revenue . similarly domestic operations contributed to 88.37 % of total profits for the same financial year . 2 under the pradhan mantri jan dhan yojana of financial inclusion launched by government in august 2014 sbi held 11 300 camps and opened over 3 million accounts by september which included 2.1 million accounts in rural areas and 0.88 million accounts in urban areas . 14 international presence edit the israeli branch of the state bank of india located in ramat gan . as of 2014 15 the bank had 191 overseas offices spread over 36 countries having the largest presence in foreign markets among indian banks . 6 it has branches in singapore moscow colombo dhaka frankfurt hong kong tehran johannesburg london los angeles male in the maldives muscat dubai new york osaka sydney and tokyo . it has offshore banking units in the bahamas and bahrain and representative offices in myanmar bhutan and cape town . sbi has 7 retail banking branches in singapore . the canadian subsidiary sbi canada bank previously state bank of india canada also dates to 1982 . it has six branches four in the toronto area and two in the vancouver area . sbi operates several foreign subsidiaries or affiliates . in 1990 it established an offshore bank state bank of india mauritius . sbi mauritius has 15 branches in major cities towns of the country including rodrigues . state bank of india branch at jaffna sri lanka sbi sri lanka now has three branches located in colombo kandy and jaffna . the jaffna branch was opened on 9 september 2013 . sbi sri lanka the oldest bank in sri lanka celebrated its 150th year in sri lanka on 1 july 2014 . state bank of india s.b.i. branch at tsim sha tsui hong kong in 1982 the bank established a subsidiary state bank of india which now has ten branches nine branches in the state of california and one in washington d.c. the 10th branch was opened in fremont california on 28 march 2011 . the other eight branches in california are located in los angeles artesia san jose canoga park fresno san diego tustin and bakersfield . in nigeria sbi operates as inmb bank . this bank began in 1981 as the indo nigerian merchant bank and received permission in 2002 to commence retail banking . it now has five branches in nigeria . in nepal sbi owns 49 % of sbi nepal state bank in nepal share with nepal government owing the rest and sbi nepal has branches throughout the country in each and every city as banking has become the major part of daily life for nepalese people . in moscow sbi owns 60 % of commercial bank of india with canara bank owning the rest . in indonesia it owns 76 % of pt bank indo monex . the state bank of india already has a branch in shanghai and plans to open one in tianjin . 15 in kenya state bank of india owns 76 % of giro commercial bank which it acquired for us 8 million in october 2005 . 16 in january 2016 sbi opened its first branch in seoul south korea following the continuous and significant increase in trade due to the comprehensive economic partnership agreement signed between new delhi and seoul in 2009 . associate banks edit main branch of sbi in mumbai . sbi now has one associate bank down from the eight that it originally acquired in 1959 . all use the state bank of india logo which is a blue circle and all use the state bank of name followed by the regional headquarters name state bank of patiala founded 1917 state bank of mysore founded 1913 state bank of bikaner & jaipur founded 1963 state bank of hyderabad founded 1941 state bank of travancore founded 1945 bharatiya mahila bank founded 2013 the banks which are merged are state bank of saurashtra merged 2008 state bank of indore merged 2010 the negotiations for merging of 5 associate banks state bank of bikaner and jaipur state bank of hyderabad state bank of mysore state bank of patiala and state bank of travancore and bharatiya mahila bank by acquire their businesses including assets and liabilities with sbi started in 2016 . 17 18 the merger of these six subsidiaries was approved by union cabinet on 15 june 2016 . 19 the state bank of india and all its associate banks are identified by the same blue keyhole logo . the state bank of india wordmark usually has one standard typeface but also utilises other typefaces