Top 10 Banks in India 2017

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2. State Bank of India

Founded in 1806 as Bank of Calcutta, later changed in 1921 as Imperial Bank of India, State Bank of India came into existence in 1955 after introduction of State Bank of India Act 1955.


Image: Wikimedia

State Bank of India is a government owned corporation headquartered in Mumbai, Maharashtra, India and is a public-sector banking and financial services company. On 1st April, 2017 SBI, India’s largest bank merged five of its associate banks – State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

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It is the first ever large scale consolidation in the Indian Banking Industry and will make SBI enter the league of top 50 global banks with a balance sheet of INR 41 trillion, 277,000 employees, 500 million customers and more than 22,500 branches and 58,000 ATMs.

SBI is ranked 232nd in Fortune Global 500 world’s biggest corporations as of 2016.

SBI has international presence in cities like Singapore, Moscow, Dhaka, Colombo, Hong Kong, Tehran, Osaka, New York, Dubai, Sydney and Tokyo. Total Asset base of SBI is humongous ₹2,259,063.03 crore.  SBI has a strong domestic presence all over India and also has a strong NRI customer base. Its primarily competes with banks like ICICI, Bank of Baroda, HDFC etc who play on a similar scale as compares to SBI.

Interest Earned (Cr): Rs170669

Net Profit (Cr): Rs7669

Return of Asset: 0.42%

Net NPA(Cr): Rs61430.45



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