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State Bank of India, Hong Kong is one of the Foreign branches of India’s largest commercial bank.
State Bank of India (SBI).
‘State Bank of India (SBI), with a 200 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 500 entity with 58.59% ownership. SBI is ranked 59th in the list of ‘Top 1000 World Banks 2015’ by The Banker magazine.
The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the 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 group has an extensive network, with over 20000 plus branches in India and another 191 offices in 36 countries across the world. As of 31st March 2015, the group had assets worth USD 449 billion and capital & reserves in excess of USD 25 billion. The group commands over 22% share of the domestic Indian banking market.
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