Top 10 Companies in India 2017

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5. State Bank of India

State Bank of India is a public sector, Indian bank which is government owned.


Image: Wikimedia

It was founded on 1921 and was nationalised in 1956 and is headquartered in Mumbai, Maharastra. Arundhati Bhattacharya is the current Chairperson of the company and Mr Dinesh Kumar Khara is the CEO with a workforce of more than 200000 employees.

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State Bank of India deals in 4 segments preferably Treasury, Corporate Banking/Wholesale Banking, Retail Banking and Other Banking Business. The Financial services of the include fund management, factoring, broking, credit cards, Life insurance, general insurance, merchant banking and the treasury segment includes various products like investment portfolio, trading in foreign exchanges,contracts and derivatives etc. The Retail Banking includes primarily personal banking, agency business and ATMs.

Recently in April, State Bank of India has merged with 5 sister banks State bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore making it India’s Largest Bank in terms of employees, customers, branches, ATMs. The company is currently placed 244 in the Forbes Global 2000 List.

SBI won NetApp Award 2017 for “Innovative Use of Data Storage”, National Payments Excellence Award for being the Highest Volume Contributor and excellent performance in all NPCI Products.

Revenue in $Bn: 43.7

Profit in $Bn: 0.667



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