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Last update: 2021-03-03 00:00:00

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State Bank of India's head office in Mumbai, India. Photo: Digamber via Wikimedia Commons (CC BY SA 1.0)

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	Sustainability Report 2019 - 2020
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	Axis Bank UK Ltd. – United Kingdom Axis Capital Ltd. – India

Related Dodgy Deals

State Bank Of India has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

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Policy Assessments

Banks and human rights

BankTrack Human Rights Benchmark 2019

BankLast update

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Details

Laggard

Follower

Front runner

Leader

State Bank of India

IND

100

India

Laggard

Follower

Front runner

Leader

Explanation

State Bank of India's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Laggard, with a total score of 1 out of 14.

Policy: 0/3
Due dilligence: 0/5
Reporting: 1/3
Remedy: 0/3