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State Bank of India (SBIN.NS)

NSE - NSE Real Time Price. Currency in INR
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192.60-2.85 (-1.46%)
At close: 3:30PM IST

State Bank of India

State Bank Bhavan
Corporate Centre 14th Floor Madame Cama Road, Nariman Point
Mumbai 400021
India
91 22 2274 0841
http://www.sbi.co.in

Sector(s)Financial Services
IndustryBanks—Regional
Full-time employees2,49,448

Key executives

NameTitlePayExercisedYear born
Mr. Dinesh Kumar KharaMD of Global Banking & Subsidiaries and Director2.94MN/A1961
Mr. Arijit BasuMD of Commercial Clients Group & Director2.85MN/A1960
Mr. Challa Sreenivasulu SettyMD of Retail & Digital Banking and Director2.05MN/A1965
Mr. Venkat Nageswar ChalasaniDeputy MD of International Banking Group, Deputy MD & CFON/AN/A1961
Ms. Saloni NarayanDeputy MD & COON/AN/AN/A
Amounts are as of 31 December 2020, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in INR.

Description

State Bank of India provides various banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business segments. It offers personal banking services, including current accounts, savings accounts, term deposits, and recurring deposits; home, auto, education, gold, and personal loans, as well as loans against property and securities; and wealth management, mobile and Internet banking, demat, ATM, foreign inward remittance, safe deposit locker, public provident fund, money transfer, pension policy, and mobile wallet services, as well as cards and inflation indexed national savings securities cumulative bonds. The company also provides corporate banking services comprising corporate accounts, working capital and project finance, term loans, deferred payment guarantees, corporate loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing Indian firms overseas subsidiaries or JVs, and cash management, as well as export and cash, and letters of credit products. In addition, it offers NRI services, including accounts and deposits, remittances, investments, and loans; agricultural banking and micro credit to agriculturists and farmers; supply chain finance, and deposits and transaction banking services for SME customers; and international banking services. Further, the company provides treasury, broking, bill payment, and MICR services; and credit cards, life and non-life insurance, mutual funds, merchant banking, trustee business, factoring, security trading, pension fund management, and custody services. It operates 22,141 branches and 58,555 ATMs. The company was founded in 1806 and is headquartered in Mumbai, India.

Corporate governance

State Bank of India’s ISS governance QualityScore as of 9 December 2019 is 6. The pillar scores are Audit: 10; Board: 7; Shareholder rights: 4; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.