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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 inches closer to raise $1.4 billion via share sale; hires Kotak Mahindra Bank, others as bankers
Posted on 10th January 2019
State Bank of India, the country’s largest lender, has selected underwriters for an institutional share sale that could raise at least 100 billion rupees ($1.4 billion), people with knowledge of the matter said. The government-run lender picked Bank of America Corp., CLSA Ltd. and HSBC Holdings Plc to arrange the offering, according to the people, who asked not to be identified because the information is private. Read More

Nifty PSU Bank index hits 4-month high; SBI, Canara Bank up 3%
Posted on 8th January 2019
Shares of public sector undertaking (PSU) banks continued their upward journey with Nifty PSU Bank index hitting a four-month high on Tuesday on the expectation of decline in bad loans.

Nifty PSU Bank index, the largest sectoral gainer, was up 2.6% at 3,192 levels, trading at its highest level since September 6, 2018, on the National Stock Exchange (NSE). In comparison, the Nifty Bank and Nifty Private Bank index were up 0.6% each, while the benchmark Nifty 50 index was up 0.32% at 02:19 pm. Read More


Cash-strapped Jet Airways defaults on debt payment to banks led by SBI
Posted on 1st February 2019
Debt-laden Jet Airways Ltd has delayed the payment to a consortium of Indian banks, led by State Bank of India Ltd, the airline said late Tuesday.

The payment of interest and principal instalment was delayed "due to temporary cash flow mismatch" and the company is in talks with the consortium. The deadline for the payment was Dec. 31, 2018, Jet said in a statement. Read More


Old SBI ATM cards will be invalid in few hours. How to apply for EMV chip-based cards
Posted on 31st December 2018
New Delhi: State Bank of India (SBI) will permanently block debit/ATM and credit cards of its account holders, who have not upgraded from magstripe to the new EMV chip cards. As the 31 December deadline set by Reserve Bank of India (RBI) ends today, account holders with magstripe cards will be denied services at ATMs. Read More

SBI account holder duped of Rs 6.8 lakh via UPI app: What happened and how can you avoid such frauds
Posted on 29th December 2018
An account holder of the State Bank of India (SBI) has been duped of Rs 6.8 lakh. According to a Times of India report, the resident of Uttar Pradesh's Noida lost more than Rs 6 lakh after the money was transacted seven times from his bank account during the last two months. Read More
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