Is State Bank Of India Nationalised Bank

I am planning to open an account in the State Bank of India and searching for some details related to this bank. Will you tell is State Bank of India Nationalised Bankprovide all details along with list of SBI Non-banking subsidiaries also provide bank registered address?

[pawan]

State Bank of India is an Indian multinational, public sector banking and financial services company.

It is a government-owned corporation with its headquarters in Mumbai, Maharashtra

No, SBI is not a nationalized bank

It is a Public Sector Bank. Actually, SBI draws power from State Bank of India Act, 1955. Nationalized banks are the banks which were nationalized in two phases in 1969 and 1980.

These banks were established under Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980.

SBI Non-banking subsidiaries

Apart from its five associate banks, SBI also has the following non-banking subsidiaries:

SBI Capital Markets Ltd
SBI Funds Management Pvt Ltd
SBI Factors & Commercial Services Pvt Ltd
SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)
SBI DFHI Ltd
SBI Life Insurance Company Limited
SBI General Insurance

Contact:

State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431