State Bank of India was constituted on 1st July 1955 by an act passed in
in May 1955. The State Bank of India, being the largest commercial bank in India in terms of profits, assets, deposits, branches and employees, accounts for about 20% of India's deposit and loan activities.
The Corporate Center is in Mumbai and 14 local head offices and 57 zonal offices are located at important cities spread throughout the country. The bank has a domestic network of around 9000 branches in India and more than 50 foreign offices in different countries. The bank provides a wide variety of banking services such as ATM facility, information on deceased accounts, internet banking, rupee travelers’ cheques, gift cheques, e-pay, safe deposit locker and telebanking. The bank also offers a range of finance options to own a home of your own, buy a car of your choice and for further studies in India and abroad.