# State Bank of India (SBI)

> Source: https://docs.barcoder.ai/docs/wallets/sbi-india
> research date 2026-06-01 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [SBI — official](https://www.onlinesbi.sbi/)

## Overview

**State Bank of India (SBI)** is **Indian state-owned commercial bank** + **NSE: SBIN BSE: 500112** + **Government of India Ministry of Finance ~57%+ controlling + Indian retail + institutional + foreign investors free float** + **India's largest commercial bank by assets + branches** + **founded Jan 27 1921 in Kolkata India as Imperial Bank of India via consolidation of 3 Indian presidency banks Bank of Bengal + Bank of Bombay + Bank of Madras then Jul 1 1955 State Bank of India SBI nationalisation** + **~480M+ SBI customers globally** <sup>[1][1], [India report](https://docs.barcoder.ai/docs/payments/IN)</sup>.

## History

**Jun 2 1806 — Bank of Calcutta founded in Kolkata British India then 1809 Bank of Bengal rebrand** as India's first European-style commercial bank.

**Jan 27 1921 — Imperial Bank of India founded in Kolkata British India via consolidation of 3 Indian presidency banks Bank of Bengal + Bank of Bombay + Bank of Madras under British Raj Indian banking modernisation**.

**Jul 1 1955 — State Bank of India SBI nationalisation under Indian Prime Minister Jawaharlal Nehru-era Indian banking nationalisation consolidating Imperial Bank of India into Government of India-owned commercial bank** distinctive Indian banking heritage as India's oldest + largest national commercial bank.

**Apr 1 2017 — SBI consolidates 5 SBI subsidiary banks State Bank of Bikaner & Jaipur + State Bank of Hyderabad + State Bank of Mysore + State Bank of Patiala + State Bank of Travancore + Bharatiya Mahila Bank into SBI parent** distinctive Indian banking consolidation as one of world's largest banking mergers by customer count.

**2014 — SBI YONO Mobile banking app launch**.

## Ownership & operator

**Operating entity**: **State Bank of India SBI** (Indian state-owned commercial bank; NSE: SBIN; BSE: 500112).

**Major shareholders**: **Government of India Ministry of Finance ~57%+ controlling + Indian retail + institutional + foreign investors free float**.

**Regulators**: **Reserve Bank of India RBI + national regulators across 24+ countries**.

## Technical integration

SBI YONO Mobile app (iOS + Android; ~480M+ SBI customers globally) + onlinesbi.sbi online + SBI branch network across India + Bangladesh + Bhutan + Nepal + Sri Lanka + Maldives + Myanmar + Russia + UK + US + France + Germany + Japan + Australia + Canada + South Africa + Nigeria + Bahrain + UAE + Oman + Hong Kong + Singapore + Malaysia + China international branches + SBI Visa + Mastercard + American Express + RuPay cards; RuPay Indian national card scheme + EMVCo QRCPS QR payments + Bharat QR (Indian national QR payment scheme) + UPI Unified Payments Interface (Indian instant payments) + Indian Rupee INR domestic transfers.

## Implementations & partners

**Major Indian banking + payments competitors**: [HDFC Bank App](https://docs.barcoder.ai/docs/wallets/hdfc-bank) (HDFC Bank; NSE: HDFCBANK BSE: 500180; India's largest private commercial bank by assets) + [ICICI Bank](https://docs.barcoder.ai/docs/wallets/icici-bank) (ICICI Bank; NSE: ICICIBANK BSE: 532174; India's second-largest private commercial bank by assets) + [Axis Bank / Axis Mobile](https://docs.barcoder.ai/docs/wallets/axis-bank) (Axis Bank; NSE: AXISBANK BSE: 532215; Indian private commercial bank) + [Kotak Mahindra Bank / Kotak811](https://docs.barcoder.ai/docs/wallets/kotak-mahindra) (Kotak Mahindra Bank; NSE: KOTAKBANK BSE: 500247; Indian private commercial bank) + [Punjab National Bank (PNB ONE)](https://docs.barcoder.ai/docs/wallets/pnb-india) (Punjab National Bank PNB; NSE: PNB BSE: 532461; Indian state-owned commercial bank) + [Canara Bank](https://docs.barcoder.ai/docs/wallets/canara-bank) (Canara Bank; NSE: CANBK BSE: 532483; Indian state-owned commercial bank) + [Bank of Baroda (BOB)](https://docs.barcoder.ai/docs/wallets/bob-india) (Bank of Baroda BOB; NSE: BANKBARODA BSE: 532134; Indian state-owned commercial bank) + [UPI QR](https://docs.barcoder.ai/docs/standards/upi-qr) (Unified Payments Interface UPI; Indian instant payments; NPCI National Payments Corporation of India operator).

**Regulators**: Reserve Bank of India RBI + national regulators across 24+ countries.

## Status

**Active, Indian state-owned commercial bank + NSE:SBIN BSE:500112 + Government of India Ministry of Finance ~57%+ controlling + Indian retail + institutional + foreign investors free float + India's largest commercial bank by assets + branches + founded Jan 27 1921 in Kolkata India as Imperial Bank of India via consolidation of 3 Indian presidency banks then Jul 1 1955 nationalisation + ~480M+ SBI customers globally** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.onlinesbi.sbi/ "SBI — official"
[2]: https://en.wikipedia.org/wiki/State_Bank_of_India "SBI — Wikipedia"
[in-cro]: https://docs.barcoder.ai/docs/payments/IN

- [1] [SBI — official][1]
- [2] [SBI — Wikipedia][2]
- <sup>[India report](https://docs.barcoder.ai/docs/payments/IN)</sup> In-corpus: `reports/countries/IN-india.md`

## Source

Biography extracted from [sbi-india.md](https://docs.barcoder.ai/source/wallets/sbi-india). See `matrix.md` for standards-support matrix if present.