State Bank of India (SBIN.NS)

750.45 +5.65 (+0.76%) At close: 03:29PM IST

State Bank of India

State Bank Bhavan
14th Floor Corporate Centre Madame Cama Road, Nariman Point
Mumbai 400021
India
91 22 2274 0841
https://www.sbi.co.in

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 235,858

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Challa Sreenivasulu Setty	MD of International Banking, Global Markets & Technology and Director	3.71M	N/A	1965
Mr. Alok Kumar Choudhary	MD of Retail Business & Operations and Director	2.85M	N/A	1964
Mr. Vinay M. Tonse	Managing Director	N/A	N/A	N/A
Mr. Kameshwar Rao Kodavanti	Chief Financial Officer	N/A	N/A	N/A
Mr. Sankar Balabhadrapatruni	Deputy MD & COO	N/A	N/A	N/A
Mr. Mahindra Kumar	Deputy GM	N/A	N/A	N/A
Ms. Ruma Dey	Deputy MD & Group Compliance Officer	N/A	N/A	N/A
Mr. Om Prakash Mishra	Deputy MD of HR & Corporate Development Officer	N/A	N/A	N/A
Ms. Saloni Narayan	Deputy Managing Director of Finance	N/A	N/A	N/A
Mr. Rana Ashutosh Kumar Singh	Deputy Managing Director of Transaction Banking & New Initiatives	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in INR.

Description

State Bank of India provides banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business segments. It offers personal banking products and services, including current accounts, savings accounts, salary accounts, fixed and recurring deposits, and flexi and annual deposits; home, personal, auto, education, and gold loans, as well as loans against property and securities; overdrafts; mutual funds, insurance, equity trading, portfolio investment schemes, remittance services; and mobile, internet, and digital banking services. The company also provides corporate banking products and services comprising corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing Indian firms' overseas subsidiaries or JVs, cash management, and asset-backed loans, as well as trade and service products. In addition, it offers NRI services, including accounts and deposits, remittances, investments, and loans; agricultural banking and micro-credit to agriculturists and farmers; supply chain finance, and deposits and transaction banking services for SME customers; and international banking services. Further, the company provides treasury, broking, bill payment, and MICR services; and merchant banking, advisory, securities broking, business & management consultancy, trustee business, factoring, payment, asset management, investment management, credit cards, and custody and fund accounting services. It also offers support and business correspondent services. The company was founded in 1806 and is headquartered in Mumbai, India.

Corporate Governance

State Bank of India’s ISS Governance QualityScore as of April 1, 2024 is 8. The pillar scores are Audit: 10; Board: 9; Shareholder Rights: 5; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.