500112 · State Bank of India

Description

State Bank of India engages in the provision of public sector banking, and financial services statutory body. It operates through the following segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business. The Treasury segment includes the investment portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate/Wholesale Banking segment consists of lending activities of Corporate Accounts Group, Commercial Clients Group, and Stressed Assets Resolution Group that provides loans and transaction services to corporate and institutional clients and further include non-treasury operations of foreign offices. The Retail Banking segment refers to the retail branches, which primarily includes personal banking activities including lending activities to corporate customers. The Other Banking business segment focuses on the operations of all the non-banking subsidiaries and joint ventures of the group. The company was founded on January 27, 1921 and is headquartered in Mumbai, India.