State Bank of India is a public sector bank and financial services company in India.
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It is head quartered in Mumbai and is a government owned corporation. It is the largest financial services and banking company in India by assets. It is one of the Big Four banks in the country along with Bank of Baroda, ICICI bank and Punjab National Bank. SBI traces its beginnings to the British India when Imperial Bank of India was founded. The Government of India owned the Imperial Bank of India during the 1950s with RBI taking a 60% stake soon after. This stake was bought back by the government of India in 2008. Arundhanti Bhattacharya is the chairperson of the bank. SBI delivers a range of financial products through its branches in India and abroad. It has 57 zonal offices located throughout the country. It has branches in India in the vicinity of 16,000. It operates in over 36 countries and has over 190 offices abroad. It has 5 associate banks viz. State bank of Hyderabad, State bank of Bikaner and Jaipur, State bank of Travancore, State bank of Patiala and State bank of Mysore. It also has a few non-banking subsidiaries like SBI Fund Management Pvt Ltd, SBI Capital Markets etc. It is listed on the BSE and NSE. It’s GDRs (Global Depositary Receipts) are listed on the LSE (London Stock Exchange).