Introduction

Finance is the life blood of trade, commerce and industry.

Now-a-days, banking sector acts as the backbone of
modern business. Development of any country mainly
depends upon the banking system.
The term bank is either derived from old Italian word
banca or from a French word banque both mean a Bench
or money exchange table. In olden days, European
money lenders or money changers used to display (show)
coins of different countries in big heaps (quantity) on
benches or tables for the purpose of lending or
exchanging.
A bank is a financial institution which deals with deposits
and advances and other related services. It receives
money from those who want to save in the form of
deposits and it lends money to those who need it
Detailed Report
State Bank of India (SBI) is an Indian multinational, public
sector banking and financial services company. It is a
government-owned corporation with its headquarters in
Mumbai, Maharashtra. On 1st April, 2017, State Bank of India,
which is India's largest Bank merged with 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) and Bharatiya Mahila Bank with
itself. This is the first ever large scale consolidation in the Indian
Banking Industry. With the merger, State Bank of India will
enter the league of top 50 global banks with a balance sheet size
of ₹33 trillion, 278,000 employees, 420 million customers, and
more than 24,000 branches and 59,000 ATMs. SBI's market
share will increase to 22 percent from 17 per cent.[5] It has 198
offices in 37 countries; 301 correspondents in 72 countries.[6]
The company is ranked 232nd on the Fortune Global 500 list of
the world's biggest corporations as of 2016.[7]
The bank traces its ancestry to British India, through the
Imperial Bank of India, to the founding, in 1806, of the Bank of
Calcutta, making it the oldest commercial bank in the Indian
subcontinent. Bank of Madras merged into the other two
"presidency banks" in British India, Bank of Calcutta and Bank
of Bombay, to form the Imperial Bank of India, which in turn
became the State Bank of India in 1955.[8] Government of India
owned the Imperial Bank of India in 1955, with Reserve Bank of
India (India's Central Bank) taking a 60% stake, and renamed it
the State Bank of India. In 2008, the government took over the
stake held by the Reserve Bank of India.
State Bank of India has 20% market share in deposits and loans
among Indian commercial banks.[9]

History
The roots of the State Bank of India lie in the first decade of the
19th century, when the Bank of np 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 (incorporated on 15 April 1840) and the Bank of
Madras (incorporated on 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.
Pursuant to 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 so as 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 SBI subsidiaries of eight that
had belonged to princely states prior to their nationalization and
operational takeover between September 1959 and October
1960, which made eight state banks associates of SBI. This une
with 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 State Bank of Jaipur (est. 1943) and State Bank of
Bikaner (est.1944).
Operations[edit]
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 14 regional hubs and 57 Zonal
Offices that are located at important cities throughout India.
Domestic presence[edit]
SBI has 18,354 branches in India.[14] In the financial year 2012–
13, its revenue was ₹2.005 trillion (US$32 billion), out of which
domestic operations contributed to 95.35% of revenue.
Similarly, domestic operations contributed to 88.37% of total
profits for the same financial year.[14]
Under the Pradhan Mantri Jan Dhan Yojana of financial
inclusion launched by Government in August 2014, SBI held
11,300 camps and opened over 3 million accounts by
September, which included 2.1 million accounts in rural areas
and 1.57 million accounts in urban areas.[15]

International presence[edit]
As of 2014–15, the bank had 191 overseas offices spread over
36 countries having the largest presence in foreign markets
among Indian banks.[16] It has branches in Singapore, Moscow,
Colombo, Dhaka, Frankfurt, Hong Kong, Tehran, Johannesburg,
London, Los Angeles, Male in the Maldives, Muscat, Dubai,
New York, Osaka, Sydney, and Tokyo. It has offshore banking
units in the Bahamas and Bahrain, and representative offices in
Myanmar, Bhutan and Cape Town.
Recent awards and recognition[edit]
 SBI was ranked as the top bank in India based on tier 1
capital by The Banker magazine in a 2014 ranking.[32]
 SBI was ranked 232nd in the Fortune Global 500 rankings
of the world's biggest corporations for the year 2016.[14]
 SBI was named the 29th most reputed company in the
world according to Forbes 2009 rankings[33]
 SBI was 50th Most Trusted brand in India as per the Brand
Trust Report 2013,[34] an annual study conducted by Trust
Research Advisory, a brand analytics company and
subsequently, in the Brand Trust Report 2014, SBI finished
as India's 19th Most Trusted Brand in India.[35][36]