State Bank of India (SBI), a 200 year old organization is India's largest Commercial Bank. The State Bank Group includes State Bank of India, 5 associate banks and 17 subsidiaries including 4 foreign subsidiaries as also 4 Joint Ventures abroad to form a formidable financial powerhouse. The group has an extensive network, with over 20000 plus branches in India and another 173 offices in 34 countries across the world.SBI is often referred to as a proxy for the Indian economy. It is the only Indian bank to feature in the Global Fortune 500 list.
As of 31st March 2012, the group had assets worth USD 359 billion, deposits of USD 278 billion and capital & reserves in excess of USD 20.88 billion. The group commands over 22% share of the domestic Indian banking market.