<P> 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 . It has 198 offices in 37 countries ; 301 correspondents in 72 countries . The company is ranked 232nd on the Fortune Global 500 list of the world 's biggest corporations as of 2016 . </P>
<P> 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 . It has 198 offices in 37 countries ; 301 correspondents in 72 countries . The company is ranked 232nd on the Fortune Global 500 list of the world 's biggest corporations as of 2016 . </P>
when was the state bank of india established
when was the state bank of india established
1st April , 2017
1st April , 2017