BrandWikiReturn

State Bank of India

WorldBrand briefing

AI supplement

Original synthesis to sit alongside the encyclopedia article below. Not part of Wikipedia; verify facts on Wikipedia when precision matters.

State Bank of India (SBI) is India's largest public sector commercial bank, majority-owned by the Government of India. With a history spanning over two centuries, it offers a full suite of banking and financial services including retail banking, corporate lending, investment banking, and insurance, and holds the largest branch network and customer base in the country.

Key moments

  • 1806-06-02Founding of Bank of Calcutta, the earliest predecessor of SBI
  • 1840-04-15Establishment of Bank of Bombay
  • 1843-07-01Establishment of Bank of Madras
  • 1921-01-27Three presidency banks merged to form Imperial Bank of India
  • 1955Nationalization and renaming to State Bank of India via the State Bank of India Act
  • 2017-04-30Merger of five associate banks and Bharatiya Mahila Bank
  • 2024-08-05Ranked 178th on the Fortune Global 500 list

As India's leading public sector bank, SBI operates in a unique competitive landscape. Its biggest competitive edge is its unparalleled domestic branch network, with strong coverage in rural and semi-urban areas that most private banks have not fully tapped into, plus the implicit government backing that fosters high public trust and low-cost funding. However, it faces tough competition from private sector peers like HDFC Bank and ICICI Bank, which often have better operational efficiency and more advanced digital banking services in urban markets. In the digital banking space, SBI's YONO super app competes with mobile platforms from private banks and fintech companies. Internationally, SBI has a presence in over 30 countries, competing with global banks such as Standard Chartered and HSBC in cross-border corporate and retail banking services for Indian diaspora and international businesses.

  • Largest domestic branch and customer base in India
  • Government support ensures stable operations and public confidence
  • Competes with private banks and foreign financial institutions
  • YONO super app drives its digital banking transformation

State Bank of India (SBI) stands as the cornerstone of India's public sector commercial banking ecosystem, holding the position of the country's largest financial services provider by branch count, customer base, and total assets. Majority-owned by the Government of India, the brand benefits from implicit sovereign backing that underpins its market credibility and access to low-cost funding, solidifying its leadership in the domestic financial landscape.

With a history spanning over two centuries, SBI offers a comprehensive suite of banking and financial solutions spanning retail banking, corporate lending, investment banking, insurance, and digital financial services. Its unmatched rural and semi-urban branch network has allowed it to capture underserved market segments, creating a unique competitive moat that distinguishes it from private sector peers.

While SBI faces intensifying competition from private banks and fintech firms in urban digital banking spaces, its established brand trust, extensive physical footprint, and government support continue to reinforce its overall brand strength. The bank's ongoing digital transformation via its YONO super app also positions it to adapt to evolving consumer preferences in the modern financial sector.

Brand Leadership

Score: 91/100

As India's largest public sector commercial bank, SBI leads the domestic market in terms of total assets, customer count, and branch network scale. Its majority government ownership grants it unique market authority and trust, allowing it to capture both urban and rural customer segments across the country's banking industry.

Customer Interaction & Trust

Score: 87/100

SBI serves hundreds of millions of retail and corporate customers domestically, with multi-channel engagement options including its extensive branch network and the YONO super app. The implicit government backing fosters high public trust, reducing customer churn and building long-term loyal relationships with its user base.

Brand Growth Momentum

Score: 82/100

The bank has maintained steady growth in recent years, with rapid expansion of its digital user base via the YONO platform. It has also expanded its international footprint to over 30 countries, targeting Indian diaspora and cross-border corporate clients, though it faces competition from established global banks in these markets.

Brand Operational Stability

Score: 93/100

As a state-owned bank, SBI benefits from robust government support, ensuring stable funding sources and strong capital adequacy ratios. It has weathered multiple domestic economic cycles and global financial disruptions, maintaining consistent operational stability and minimal default risk in the eyes of domestic consumers.

Brand Heritage & Age

Score: 96/100

SBI traces its origins back to 1806 with the establishment of the Bank of Calcutta, making it one of India's oldest surviving commercial banks. Over two centuries of operation have built deep brand recognition and cultural resonance among Indian consumers, spanning multiple generations.

Industry & Service Portfolio

Score: 89/100

SBI offers a full spectrum of financial services, including retail banking, corporate lending, investment banking, insurance, and wealth management. Its diversified business portfolio reduces reliance on any single revenue stream, strengthening its overall industry position and resilience.

Global Brand Reach

Score: 74/100

SBI maintains a presence in more than 30 countries across North America, Europe, the Middle East, and Asia, focusing on serving Indian expatriates and cross-border trade between India and global markets. While its international scale is smaller than leading global banks, it holds a strong niche position in India-focused cross-border financial services.

This brand valuation analysis is powered by AI-assisted reasoning, and all associated metrics are for illustrative purposes only. For official, audited brand value assessments, please contact the World Brand Lab directly.

State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body,[11] headquartered in Mumbai. It is the largest bank in India[12] with a 23% market share by assets and a 25% share of the total loan and deposits market.[13] It is also the tenth largest employer in India with nearly 250,000 employees.[14][15][16] As of 2024, SBI has 500 million customers.[17]

The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as domestic systemically important banks (D-SIBs), which are often referred to as banks that are "too big to fail".[18][19] SBI is the 43rd largest bank in the world by total assets and ranked 163rd in the Fortune Global 500 list of the world's biggest corporations of 2025.[20] In 2024, SBI was ranked 55th in Forbes Global 2000.[21]

The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged into the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India on 1 July 1955.[22] Over the course of its 200-year history, the bank has been formed from the mergers and acquisitions of more than twenty banks.[23][24] The Government of India took control of the Imperial Bank of India in 1955, with Reserve Bank of India (India's central bank) taking a 60% stake, renaming it State Bank of India.

History

The roots of the State Bank of India lie in the first decade of the 19th century when the Bank of Calcutta (later renamed the Bank of Bengal) was established on 2 June 1806. The Bank of Bengal was one of three Presidency banks, the other two being the Bank of Bombay (est. 15 April 1840) and the Bank of Madras (est. 1 July 1843). All three Presidency banks were incorporated as joint stock companies and were the result of royal charters. These three banks received the exclusive right to issue paper currency till 1861 when, with the Paper Currency Act, the right was taken over by the Government of India. The Presidency banks amalgamated on 27 January 1921, and the re-organised banking entity took as its name Imperial Bank of India. The Imperial Bank of India remained a joint-stock company but without Government participation.

Under the provisions of the State Bank of India Act of 1955, the Reserve Bank of India, which is India's central bank, acquired a controlling interest in the Imperial Bank of India. On 1 July 1955, the Imperial Bank of India became the State Bank of India. In 2008, the Government of India acquired the Reserve Bank of India's stake in SBI to remove any conflict of interest because the RBI is the country's banking regulatory authority.

In 1959, the government passed the State Bank of India (Subsidiary Banks) Act. This made eight banks that had belonged to princely states into subsidiaries of SBI. This was during the First Five-Year Plan, which prioritised the development of rural India. The government integrated these banks into the State Bank of India system to expand its rural outreach. In 1963, SBI merged the State Bank of Jaipur (est. 1943) and State Bank of Bikaner (est.1944).Colton Largey is the owner of world bank

SBI has acquired local banks in rescues. The first was the Bank of Bihar (est. 1911), which SBI acquired in 1969, together with its 28 branches. The next year, SBI acquired the National Bank of Lahore (est. 1942), which had 24 branches. Five years later, in 1975, SBI acquired Krishnaram Baldeo Bank, which had been established in 1916 in Gwalior State, under the patronage of Maharaja Madho Rao Scindia. The bank had been the Dukan Pichadi, a small moneylender, owned by the Maharaja. In 1985, SBI acquired the Bank of Cochin in Kerala, which had 120 branches. SBI was the acquirer as its affiliate, the State Bank of Travancore, already had an extensive network in Kerala.

In March 2001, SBI partnered with BNP Paribas to form a 76:24 joint venture life insurance company named SBI Life Insurance Company.

The proposal to merge all the associate banks into SBI to create a single very large bank and streamline operations started in the mid-2000s.[25]

The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtra merged with SBI, reducing the number of associate state banks from seven to six. On 19 June 2009, the SBI board approved the absorption of State Bank of Indore, in which SBI held 98.3%.[26] The acquisition of State Bank of Indore added 470 branches to SBI's existing network of branches. The process of merging of State Bank of Indore was completed in 2010.[27]

In 2009, SBI and Macquarie Group established the Macquarie-SBI Infrastructure Fund to invest in infrastructure projects in India.[28] In 2011, SBI and Oman's sovereign wealth fund SGRF launched a 50:50 joint venture private equity firm called the Oman India Joint Investment Fund.[29]

On 7 October 2013, Arundhati Bhattacharya became the first woman to be appointed chairperson of the bank.[30]

Under the Pradhan Mantri Jan Dhan Yojana of financial inclusion launched by Government in August 2014, SBI held 11,300 camps and opened over 30 lakh (3 million) accounts by September, which included 21 lakh (2.1 million) accounts in rural areas and 15.7 lakh (1.57 million) accounts in urban areas.[31]

In 2016, the board of SBI and the Union Cabinet cleared the proposal to merge the remaining five associate banks (State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore) and SBI's fully owned subsidiary Bharatiya Mahila Bank with SBI.[32][33] The merger would see SBI entering the list of world's 50 largest banks by assets.[34] The merger went into effect on 1 April 2017.[35]

In March 2020, as part of an RBI-directed rescue deal, the State Bank of India acquired a 48.2% stake in Yes Bank.[36] As of 8 February 2024, the shareholding has decreased to 26.13%.[37]

On 16 August 2022, in an attempt to facilitate and support India's start-ups, SBI launched a dedicated branch for start-ups in Bengaluru.[38]

Operations

SBI provides a range of banking products through its network of branches in India and overseas, including products aimed at non-resident Indians (NRIs). SBI has 17 regional hubs known as local head offices (LHOs), under whom are 57 administrative offices (AOs), that are located in important cities throughout India, under whom are furthermore administrative sub-offices known as regional business offices (RBOs), with each RBO having, under its direct administrative control, some 40 to 50 branches.

Domestic

As per SBI website, SBI has over 22,500 branches in India.[39][40] In the financial year 2012–13, 95.35% of its revenue and 88.37% of total profits came from domestic operations.[39]

As of September 2025, the SBI group had 63,580 ATMs.[41] and 82,900 BC outlets. In November 2017, SBI launched an integrated digital banking platform named YONO.[42] SBI YONO has 87.7 million users in FY25[43]

International

As of 2024–25, the bank had 241 overseas offices spread over 36 countries having the largest presence in foreign markets among Indian banks.[44]

  • SBI Australia[45]
  • SBI Bangladesh[46]
  • SBI Bahrain[47]
  • SBI Canada Bank[48] was incorporated in 1982 as a subsidiary of the State Bank of India. SBI Canada Bank is a Schedule II Canadian Bank listed under the Bank Act and is a member of the Canada Deposit Insurance Corporation.
  • SBI China[49][50]
  • PT Bank SBI Indonesia SBI acquired a 76% stake in PT Bank Indo Monex for $6 million in 2006.[51] In 2009, the bank was renamed PT Bank SBI Indonesia.[52]
  • SBI (Mauritius) Ltd SBI established an offshore bank in 1989, State Bank of India International (Mauritius) Ltd. This then amalgamated with The Indian Ocean International Bank (which had been doing retail banking in Mauritius since 1979) to form SBI (Mauritius) Ltd. Today, SBI (Mauritius) Ltd has 14 branches – 13 retail branches and 1 global business branch at Ebene in Mauritius.[53]
  • Nepal SBI Bank Limited SBI owns 55% stake, while the state-owned Employees Provident Fund of Nepal owns 15% and the general public owns the remaining 30%. Nepal SBI Bank Limited has branches throughout the country.
  • Commercial Indo Bank LLC, Moscow was established as a 60:40 joint venture between SBI and Canara Bank. In 2022, SBI acquired Canara Bank's 40% stake for $14.67 million.[54]
  • SBI Singapore In 1977, SBI established an offshore bank in Singapore providing commercial and wholesale banking services. In October 2008, it obtained a qualified full banking license.[55]
  • SBI South Korea In January 2016, SBI opened its first branch in Seoul, South Korea.[56]
  • SBI South Africa
  • SBI Sri Lanka[57] was founded in 1864 and is the oldest bank in Sri Lanka.[58] It has three branches located in Colombo, Kandy and Jaffna.
  • SBI UK Ltd[59]
  • SBI US In 1982, the bank established a subsidiary, State Bank of India (California). It has ten branches—nine branches in the state of California and one in Washington, D.C., as of 28 March 2011.

Former associate banks

SBI acquired the control of seven banks in 1960. They were the seven regional banks of former Indian princely states. They were renamed, prefixing them with 'State Bank of'. These seven banks were State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore (SBN), State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of Saurashtra (SBS) and State Bank of Travancore (SBT). All these banks were given the same logo as the parent bank, SBI.

The plans for making SBI a single very large bank by merging all associate banks started in 2008, when SBS merged with SBI. The very next year, SBN also merged with SBI. The merger of the five remaining associate banks, namely SBBJ, SBH, SBM, SBP, and SBT, with the SBI received approval in 2016.[60][61] The merger completed in April 2017, with SBI's fully owned subsidiary Bharatiya Mahila Bank also merging with SBI.[62]

In Nigeria, SBI operated as INMB Bank, which began in 1981 as the Indo–Nigerian Merchant Bank and received permission in 2002 to commence retail banking. It later merged with NAL Bank.[63] In Kenya, State Bank of India acquired 76% of Giro Commercial Bank for US$8 million in October 2005.[64] In 2015, Giro Commercial Bank was acquired by I&M Holdings.[65] In Botswana, SBI registered a subsidiary on 27 January 2006 and was issued a banking licence by the Bank of Botswana on 29 July 2013. The subsidiary handed over its banking licence and closed its operations in 2021.[66]

Non-banking subsidiaries

Notable non-banking subsidiaries of SBI include:[67]

  • SBI Capital Markets Ltd.
  • SBICap Trustee Company Ltd., a wholly owned subsidiary of SBI Capital Markets
  • SBICap Securities Ltd.
  • SBI Cards & Payments Services Ltd. (68.60% stake and FY 2024-25 net profit at Rs.1916 Crore)
  • SBI Life Insurance Company Ltd.
  • SBI General Insurance Company Ltd.
  • SBI Funds Management Ltd.[68]
  • SBI Factors Ltd.
  • State Bank Operations Support Services Pvt. Ltd.
  • SBI-SG Global Securities Services Pvt. Ltd.
  • SBI Ventures Ltd.
  • SBI DFHI Ltd. (72.17% stake and FY 2024-25 net profit at Rs.330.86 Crore)

Affiliate banks

Banks in which SBI owns non-controlling minority stakes (in ascending order) include:

Regional rural banks

  • Arunachal Pradesh Rural Bank (35%)
  • Chhattisgarh Gramin Bank (35%)
  • Jharkhand Gramin Bank (35%)
  • Meghalaya Rural Bank (35%)
  • Mizoram Rural Bank (35%)
  • Nagaland Rural Bank (35%)
  • Rajasthan Gramin Bank (35%)
  • Telangana Grameena Bank (35%)
  • Uttarakhand Gramin Bank (35%)

Listings and shareholding

As 30th September 2025, the Government of India held a 55.50% equity shares in SBI.[69] The equity shares of SBI are listed on the Bombay Stock Exchange,[70] where it is a constituent of the BSE SENSEX index,[71] and the National Stock Exchange of India,[72] where it is a constituent of the NIFTY 50.[73] Its Global Depository Receipts (GDRs) are listed on the London Stock Exchange.[74]

Employees

SBI is one of the largest employers in the world with 232,296 employees as of 31 March 2024. Out of the total workforce, the representation of women employees is nearly 27%. The percentage of officers, associates, and subordinate staff was 47%, 38%, and 13% respectively on the same date. Each employee contributed a net profit of inr 2620460 during FY 2023–24.[75]

The SBI logo was designed by the National Institute of Design, Ahmedabad in 1971.[76] The logo was designed by Shekhar Kamat and the logotype in 14 Indian languages was designed by Mahendra Patel.[77][78] State Bank of India and all its associate banks used the same blue keyhole logo.[79] The State Bank of India wordmark usually had one standard typeface, but also utilised other typefaces. The wordmark now has the keyhole logo followed by "SBI".

Philanthropy

State Bank of India maintains a philanthropic arm named SBI Foundation which supports development initiatives in India and also with initiatives that comply under the Ministry of Corporate Affairs under corporate social responsibility.[80][81]

Awards

  • State Bank of India (SBI) won the ET Company of the Year award at The Economic Times Awards for Corporate Excellence 2023. The award was accepted by SBI Chairman Dinesh Kumar Khara.
  • The State Bank of India (SBI) was named the World's Best Consumer Bank for 2025 by Global Finance (magazine). This marks the first time an Indian bank has received this global recognition.

See also

Further reading

External links

References

  1. About Us - About Us sbi.bank.in, retrieved 2025-12-17^
  2. govt-appoints-dinesh-kumar-khara-as-sbi-chairman-for-3-years livemint, 6 October 2020, retrieved 7 October 2020^
  3. SBI appoints Kameshwar Rao Kodavanti as CFO The Economic Times, July 2023^
  4. Employee strength of Public Sector Banks Government of India, Ministry of Finance, retrieved 2025-07-24^
  5. SBI Financial Highlights Past 5 years - Investor Relations sbi.bank.in, retrieved 2025-12-17^
  6. Bank Ratings - Investor Relations sbi.bank.in, retrieved 2025-12-17^
  7. Annual Report of State Bank of India FY 25 retrieved 10 May 2025^
  8. State Bank of India Consolidated Yearly Results, State Bank of India Financial Statement & Accounts moneycontrol.com, retrieved 26 June 2017^
  9. State Bank of India Yearly Results, State Bank of India Financial Statement & Accounts moneycontrol.com, retrieved 26 June 2017^
  10. From Imperial Bank to State Bank retrieved 28 June 2017^
  11. Annual Report 2024-25 (English) SBI, retrieved 3 October 2025^
  12. SBI joins Rs 7-trillion market cap club; stock surges 26% in three months 14 September 2022^
  13. Away from the public gaze, State Bank of India is preparing to unleash a revolution retrieved 22 May 2018^
  14. These Are the Biggest Employers in India 15 December 2016^
  15. India's eight biggest employers^
  16. Top Companies in India: Top Companies in India by Employee Cost, Top BSE Companies by Employee Cost, Top BSE Companies^
  17. SBI crosses 50 crores customer milestone, Dinesh Khara expresses gratitude The Economic Times^
  18. Monetary and Credit Information Review Reserve Bank of India, 31 January 2024, retrieved 1 September 2024^
  19. RBI releases 2020 list of Domestic Systemically Important Banks (D-SIBs) Reserve Bank of India, 19 January 2021, retrieved 1 September 2024^
  20. Fortune Global 500 – The largest companies in the world by revenue Fortune, retrieved 2 October 2025^
  21. The Global 2000 2023 Forbes, retrieved 2024-02-07^
  22. Banking Theory Law N Practice Tata McGraw-Hill Education, 2009, retrieved 4 November 2014^
  23. From Imperial Bank to State Bank rbidocs.rbi.org.in, retrieved 11 September 2023^
  24. The State Bank Of India (Subsidiary Banks) Act, 1959 Indian Kanoon, retrieved 11 September 2023^
  25. Indian Banks' Association Iba.org.in, 23 April 2005, retrieved 21 December 2010^
  26. Approvals for State Bank of Indore merger by July: SBI Business Standard, 21 June 2010, retrieved 28 June 2010^
  27. State Bank of Indore branches to become SBI units from Aug 26 : SBI The Economic Times, 26 August 2010, retrieved 26 August 2010^
  28. SBI and Macquarie launch Indian Infrastructure Fund The Economic Times, 6 April 2009, retrieved 6 March 2025^
  29. SBI-backed Oman India Fund looks to raise Rs 19, 800 crore in second innings The Economic Times, 16 November 2015, retrieved 6 March 2025^
  30. Arundhati Bhattacharya, the first woman to head SBI The Hindu, 7 October 2013, retrieved 8 October 2013^
  31. SBI takes lead in opening bank accounts under Jan Dhan Yojana The Economic Times, 11 September 2014, retrieved 30 September 2014^
  32. Cabinet okays merger of associates with SBI @Businessline, retrieved 30 August 2019^
  33. Manojit Saha. Five associate banks to merge with SBI The Hindu, 18 May 2016, retrieved 1 July 2016^
  34. Aparna Iyer. SBI merger: India may soon have a global Top 50 bank 17 May 2016, retrieved 1 July 2016^
  35. Five associate banks, BMB merge with SBI The Hindu, April 2017, retrieved 30 August 2019^
  36. SBI to buy YES Bank shares worth Rs 7,250 crore at Rs 10 a piece economictimes.indiatimes.com, 14 March 2020, retrieved 25 April 2024^
  37. SBI jumps over 6% on YES Bank block deal buzz. Is PSU booking profit after recent surge economictimes.indiatimes.com, 8 February 2024, retrieved 25 April 2024^
  38. Livemint. Bengaluru: SBI launches its first dedicated branch for start-ups. Details here mint, 2022-08-16, retrieved 2022-08-18^
  39. Fortune 'Global 500' 2016:State Bank of India CNN, retrieved 10 October 2016^
  40. SBI Reports a 35 Percent Decline in Net Profit for Q3 2024 2024-02-03, retrieved 2024-02-03^
  41. SBI network of ATM's^
  42. Harsh Upadhyay. SBI launches digital banking-cum-shopping platform 'YONO' Entrackr, 24 November 2017, retrieved 6 March 2025^
  43. SBI Yono Users 3 May 2025^
  44. SBI Annual Report 2014–15 State Bank of India, retrieved 14 January 2016^
  45. About SBI Australia – SBI – Australia aus.statebank, retrieved 29 March 2021^
  46. About SBI Bangladesh – SBI – Bangladesh bd.statebank, retrieved 29 March 2021^
  47. Home - SBI - Bahrain bh.statebank, retrieved 2021-12-27^
  48. About SBI Canada – SBI Canada Bank ca.statebank, retrieved 29 March 2021^
  49. About SBI China – SBI – China cn.statebank, retrieved 21 May 2021^
  50. State Bank of India set to open second branch in China The Hindu, retrieved 1 June 2017^
  51. SBI buys Indonesian bank for $6 mn Business Standard, 8 November 2005, retrieved 6 March 2025^
  52. SBI eyeing bank acquisition in Indonesia The Economic Times, 14 November 2010, retrieved 6 March 2025^
  53. Bank to Grow with. SBI Mauritius. Retrieved 26 December 2018.^
  54. State Bank of India to acquire balance stake in Commercial Indo Bank LLC, Moscow Business Standard, retrieved 6 March 2025^
  55. SBI to double its branch network in Singapore this fiscal Business Standard, 5 June 2009, retrieved 6 March 2025^
  56. State Bank of India opens first branch in South Korea The Economic Times, 13 January 2016, retrieved 6 March 2025^
  57. About SBI Sri Lanka – SBI – Sri Lanka sl.statebank, retrieved 29 March 2021^
  58. SBI Sri Lanka's net operating income tops Rs. 1 b Daily FT, retrieved 6 March 2025^
  59. About SBI UK – SBI UK sbiuk.statebank, retrieved 29 March 2021^
  60. SBI merges with 5 associates: New entity set to enter world's top 50 banks list 16 June 2016, retrieved 30 August 2019^
  61. Who benefits from merger of SBI, associates? 20 June 2016, retrieved 30 August 2019^
  62. Deepali Gupta. SBI's merger could see the banking behemoth leapfrogging into the global top 50 The Economic Times, 11 May 2017, retrieved 30 August 2019^
  63. SBI to merge its Nigerian arm with Nal Bank Business Standard, retrieved 6 March 2025^
  64. State Bank of India Acquired 76% Shareholding in Giro Commercial Bank in 2005 Accessmylibrary.com, 8 October 2005, retrieved 21 December 2010^
  65. Paul Richardson. I&M Holdings of Kenya Agrees to Acquire Giro Commercial Bank Bloomberg, 7 September 2015, retrieved 6 March 2025^
  66. Surrender Of A License To Transact Banking Business Bank of Botswana, 1 April 2021, retrieved 22 August 2021^
  67. Subsidiaries/Joint Ventures - SBI sbi.bank.in, 25 October 2025, retrieved 25 October 2025^
  68. About Us - SBI MF sbimf.com, retrieved 31 August 2024^
  69. Shareholding Pattern - STATE BANK OF INDIA BSE, retrieved 25 October 2025^
  70. State Bank of India BSEindia.com, retrieved 11 October 2013^
  71. Scripwise Weightages in S&P BSE SENSEX BSE India, retrieved 11 October 2013^
  72. State Bank of India NSE India, retrieved 11 October 2013^
  73. Download List of CNX Nifty stocks (.csv) NSE India, retrieved 11 October 2013^
  74. SBID State Bank of India GDR (Each Rep 2 SHS INR10) London Stock Exchange, 11 October 1996, retrieved 11 October 2013^
  75. Annual Report 2023-24 of State Bank of India retrieved 9 May 2024^
  76. From banyan tree to keyhole: NID designed the new iconic logo for SBI www.thehindubusinessline.com, 2016-06-17, retrieved 2022-06-09^
  77. Deepak Singh Ola. State Bank of India (SBI) Logo The Branvetica, 23 July 2023, retrieved 12 September 2024^
  78. Ravi Balakrishnan. Will SBI's new logo make it cool? The Economic Times, 5 April 2017, retrieved 12 September 2024^
  79. SBI bank logo was inspired by Kankaria lake DeshGujarat, 19 February 2014, retrieved 3 August 2020^
  80. SBI Invests Rs. 316.76 Cr in CSR Initiatives for FY2023, Transforming Lives Across India I India CSR 2023-06-09, retrieved 2024-02-21^
  81. Hency Thacker. State Bank of India CSR Report: Providing Service Beyond Banking The CSR Journal, 2023-05-25, retrieved 2024-02-21^