Top 10 Public Sector (PSU) Companies in India 2015

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3. State Bank of India

State Bank of India is a government owned banking and financial services company headquartered in Mumbai.


Image: Wikimedia Commons

It is regarded as one of the Big Four Banks of India along with Bank of Baroda, Punjab National Bank and ICICI Bank. It is the largest banking and financial services corporation in India in terms of assets.

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It has roughly 20% market share in deposits and loans among the Indian commercial banks.

The bank traces its existence to the British Empire in India. On January 1921, the Bank of Calcutta, the Bank of Bombay and the Bank of Madras merged to form the Imperial Bank of India. In 1960, the Reserve Bank of India purchased 60% stake and renamed it as the State Bank of India. In 2008, the government of India took over the stake from the RBI.

SBI has around 16000 bank branches in the country out of which more than 65% are located in rural and semi-urban areas. Under the Pradhan Mantri Jan Dhan Yojana scheme, SBI opened over 30 lakh accounts in September 2014. The bank has branches spread over 36 countries and has its presence in cities like Moscow, Colombo, Hong Kong, Tehran, Johannesburg, London, Dubai, Sydney and Tokyo. SBI also has 5 associate banks which are as follows:

• State Bank of Bikaner & Jaipur

• State Bank of Hyderabad

• State Bank of Mysore

• State Bank of Patiala

• State Bank of Travancore

SBI also has the following non-banking subsidiaries:

• SBI Capital Markets Limited

• SBI Funds Management Private Limited

• SBI Factors & Commercial Services Private Limited

• SBI Cards & Payments Services Private Limited

• SBI DFHI Limited

• SBI Life Insurance Company Limited

• SBI General Insurance

SBI along with its 5 associates has more than 53,000 ATMs in the country. SBI became the first bank in the country to open an ATM at Drass in the Jammu & Kashmir Kargil region.

Net Income: Rs 14,489.47 crore

Total Assets: Rs 2,395,981.61 crore