The State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. It is the largest bank in India with a 23% market share in assets, besides a share of one-fourth of the total loan and deposits market.
Founded in July 1955
Nationalized in 1956
Merged with five banks in 1959
Established SBI Capital Markets Ltd in 1986
Acquired State Bank of Indore in 2010
Launched mobile banking app 'YONO' in 2017
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SBI savings account is a basic savings account that offers easy access to banking services with a minimum balance requirement. It also offers interest on the account balance.
SBI credit card is a payment card that allows customers to borrow funds to pay for goods and services. It also offers various rewards and cashback offers.
SBI personal loan is an unsecured loan that provides funds to meet personal expenses such as home renovation, wedding costs, medical expenses, etc.
SBI home loan is a secured loan that provides funds for purchasing a new home or for constructing a new home. It also offers various benefits such as lower interest rates and flexible repayment options.
SBI education loan is a loan that provides funds for higher education in India or abroad. It also offers various benefits such as lower interest rates and flexible repayment options.
The full form of SBI is State Bank of India.
Yes, SBI is a public sector bank owned by the Government of India.
The interest rate on SBI savings account is currently 2.70% per annum.
SBI credit card offers various benefits such as discounts, rewards, cashback offers, and other privileges on shopping, dining, travel, etc.
You can apply for SBI personal loan online through the SBI website or by visiting the nearest SBI branch.