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About State Bank of India
The State Bank of India is the largest bank of India. The bank was founded in 1806 as the Bank of Calcutta, making it the oldest commercial bank on the Indian Subcontinent. The Government of India nationalised the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the Government took over the stake held by the Reserve Bank of India.
Website | https://sbi.co.in/ |
Headquarters |
Central Office, 8th Fl., Madame Cama Road 400 021
Mumbai
India
|
CEO/chair |
Dinesh Kumar Khara Managing Director |
Supervisor | |
Annual report | Annual report 2020-2021 |
Ownership |
listed on Bombay Stock Exchange, London Stock Exchange & National Stock Exchange of India
State Bank of India is majority-owned by the Indian State. |
Subsidiaries | |
Complaints and grievances |
State Bank of India does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. |
Related Dodgy Deals
Dodgy Deals map
Policy Assessments
Banks and Climate
Bank net zero commitments
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
Abbreviations:
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Banks and Human Rights
Human Rights Benchmark November 2019
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News
Documents
Links
Policies
Voluntary standards
State Bank of India has committed itself to the following voluntary standards:Investment policies
State Bank of India's web page on corporate social responsibility can be accessed here.