The State Bank of India, with an over 200 year old history, is the largest bank in India in terms of assets, deposits, advances, branches and employees and a Fortune 500 Company. At the end of the financial year 2018-19 (April-March), the Bank's total income was Rs. 2,79,644 crores, with an operating profit of Rs 55,436 crores while making a net profit of Rs. Rs 862 crores during the year. The Bank had merged its five associate Banks and Bharatiya Mahila Bank with itself on 1st April 2017, leading to increased balance sheet size and economies of scale. With this merger, SBI entered into the league of top 50 global banks with a balance sheet size of Rs 33 lakh crore, with 24,017 branches and 59,263 ATMs serving over 42 crore customers.
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SBI Group: | SBI Capital Markets Limited | ||||||||||||||
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