Top 10 Public Sector (PSU) Companies in India 2016
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7) STATE BANK OF INDIA
State Bank of India, one of the top four banks of India and government owned corporation, is a leading public sector banking and financial services company.
SBI was established on 2 June 1806 as a Bank of Calcutta and then It was renamed as Imperial Bank of India on 27 January, 1921 and then to State Bank of India on 1 July 1955. SBI was nationalized on 2 June 1956.
Currently, SBI has about 16,000 branches of which 65 percent are in semi urban and rural locations. At present, SBI has employees of over 222,033 and has a presence in about 36 countries. SBI has about a share of 20% in deposits and loans among all Indian banks. SBI is headquartered in Mumbai, Maharashtra.
Functions of State Bank of India are as follows:
1) Consumer banking
2) corporate banking
3) finance and insurance
4) investment banking
5) mortgage loans
6) private banking
7) private equity
10) asset management
11) wealth management
12) credit cards
The banks which are associated with State Bank of India are: State Bank of Patiala, State Bank of Hyderabad, State Bank of Travancore, State Bank of Mysore and State Bank of Bikaner & Jaipur.