SBI Bank: The Largest Bank Of India

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SBI BANK

INTRODUCTION:
State Bank of India is a Banking and Financial services company from the Public sector. It is owned by the government corporation and the headquarters are based in Mumbai. As of December 2014, with assets of 388mUS billion dollars, 17,000 branches and 190 offices overseas, SBI can be safely called as the Largest Bank of India.
State Bank of India is one of the Big Four banks of India, along with Bank of Baroda, Punjab National Bank and ICICI Bank.

COMPANY BACKGROUND:
SBI is the oldest commercial in India having its roots which can be traced back to British India, in the form of the Imperial Bank of India to the founding during 1806 as a part of the bank of Calcutta. …show more content…

The Jaffna branch was opened on 9 September 2013. SBI Sri Lanka, the oldest bank in Sri Lanka, celebrated its 150th year in Sri Lanka on 1 July 2014.
• In Nigeria, SBI operates as INMB Bank. This bank began in 1981 as the Indo-Nigerian Merchant Bank and received permission in 2002 to commence retail banking. It now has five branches in Nigeria
• In Nepal, SBI owns 49% of SBI Nepal (State Bank in Nepal) share with Nepal Government owing the rest and SBI NEPAL has branches throughout the country in each and every city as banking has become the major part of daily life for Nepalese people. In Moscow, SBI owns 60% of Commercial Bank of India, with Canara Bank owning the rest. In Indonesia
Market share:
SBI holds a 20% Market share in the Banking business, which makes it the largest shareholder in India.

Major Competitors:
Some of the major competitors for SBI in the banking sector are Axis Bank, ICICI Bank, HDFC Bank, Punjab National Bank, Bank of Baroda .However, in terms of average market share, SBI is by far the largest player in the market

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