State Bank of India
Rank #55 on Forbes Global 2000 — View on Forbes
State Bank of India engages in the provision of commercial banking services. It operates through the following segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. The Treasury segment includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate / Wholesale Banking segment comprises the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group, and Stressed Assets Management Group that provides loans and transaction services to corporate and institutional clients and further include non-treasury operations of foreign offices. The Retail Banking segment contains of branches in National Banking Group, which primarily includes personal banking activities, including lending activities to corporate customers. The Other Banking business segment focuses on the operations of all the non-banking subsidiaries and joint ventures of the group. The company was founded on January 27, 1921 and is headquartered in Mumbai, India.