State Bank of India (NSE: SBIN, BSE: 500112, LSE: SBID) is the largest and the oldest company providing the banking and financial services in India. Its turnover and total assets are more than any other financial company. Hence it is considered to be the largest bank. The headquarters of SBI are in Mumbai, Maharashtra. The state government completely owns this bank.
The origin of SBI comes from the Imperial bank of India, incorporated by the British. There were three presidency banks in nineteenth century (1806):Bank of Calcutta, Bank of Bombay and Bank of Madras. These banks merged as the Imperial bank. The RBI took 60% stake of Imperial Bank Of India in 1955 and it was nationalized by Indian Government and named as the State Bank of India. In 2008 government took over the stakes of SBI.
There are more than 130000 branches of SBI all over India with 14 local head offices.57 Zonal offices are located in all the major cities of India. All the branches are segregated into 14 circles which comprise of big cities.The SBI provides the banking services to Indians and to NRIs also.