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State Bank of India
The State Bank of India is the largest commercial bank in India in terms of profits, assets, deposits, branches and employees. At March 31, 2000, the Bank had total assets of Rs 2,615.05 billion (US$59.95 billion), total deposits of RS 1,968.21 billion (US$45.12 billion). With a domestic network of 8998 branches, the Bank commanded about one-fifth of deposits and loans of all scheduled commercial banks in the country.
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Contact Details
Hyderabad Head Office:State Bank of India
Hyderabad Bank Street
Sultan Bazaar, Koti
Hyderabad, AP, 500112
Phone : +91-40-24758725
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News
SBI presentation fuels talk of bank mergers
Posted on 18th June 2018
The stage is set for intensification of attempts at public sector bank consolidation after a presentation by State Bank of India (SBI) chairman Rajnish Kumar at a recent meeting of bankers, although it isn't quite clear on who will make the first move.

Bankers and government officials told TOI that Kumar made a detailed presentation on SBI's experience with the merger of five associate banks, pointing out how there were some initial niggles during the first few months, along with heightened anxiety. Read More


Lenders put Coastal Energen plant with Rs 7k-cr debt on sale
Posted on 15th June 2018
A consortium of lenders led by State Bank of India (SBI) has put on sale a 1,200-megawatt (MW) thermal power plant in Tamil Nadu set up by Coastal Energen, according to a bid document.

The outstanding term debt to the plant, as on December 30, 2016, was Rs 6,132.14 crore and the working-capital outstanding, as on March 31, 2017, was Rs 831.53 crore. Read More


HDFC 5th biggest consumer financial services company globally: Forbes
Posted on 14th June 2018
Housing finance major HDFC has been ranked as the 5th biggest public company globally in the 'consumer financial services category' on a list compiled by Forbes magazine.

American Express has topped this category, while Indiabulls Housing Finance is the only other Indian company (at 13th place) on the list.

Read More

SBI shares shine along with other PSU banks; cheaper valuations make banking stocks attractive
Posted on 12th June 2018
PSU bank stocks rose on Tuesday, with India’s largest bank SBI leading the Nifty PSU Bank index with gains of almost 1.59 per cent. Healthy credit growth target by the largest state-run lender for three years down the line is a positive aspect for the bank and has made SBI stock attractive, said Anita Gandhi, Whole Time Director at Arihant Capital Markets. Read More

SBI TO AUCTION 12 BAD A/CS THIS MONTH TO RECOVER OVER RS 1,325CR
Posted on 11th June 2018
The country’s largest lender SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore.

The e-auction of these accounts will take place on June 25, according to an SBI notice. Read More

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