State Bank of India SBIwith a year history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.

The Government of India is the single largest shareholder of this Fortune entity with SBI is ranked 60th in the list of Top Banks in the world by "The Banker" in July The origins of State Bank of India date back to when the Bank of Calcutta later called the Bank of Bengal was established. Inthe Bank of Bengal and two other banks Bank of Madras and Bank of Bombay were how do 60 second binary options work warning sbi nri forex rates form the Imperial Bank of India.

Inthe Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the Imperial Bank of India. The SBI group consists of SBI and five associate banks.

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The group has an extensive network, with over plus branches in India and another offices in 35 countries correspondent relationships with banks across 98 countries across the world. Click here for information. Use of the information contained on this page is governed by Australian law and is subject to the disclaimers which can be read on the Disclaimer Page.

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