{"id":29321,"date":"2025-06-25T12:25:46","date_gmt":"2025-06-25T06:55:46","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=29321"},"modified":"2025-06-25T12:25:46","modified_gmt":"2025-06-25T06:55:46","slug":"sbi-bank-history","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/","title":{"rendered":"History of SBI Bank: Everything You Need to Know About India\u2019s Oldest Bank"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#State_Bank_of_India_SBI_Bank_history\" >State Bank of India (SBI Bank) history<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#The_current_position_of_the_State_Bank_of_India_SBI_Bank\" >The current position of the State Bank of India (SBI Bank)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#Community_Services_Digital_Initiatives\" >Community Services &amp; Digital Initiatives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#Digital_Banking\" >Digital Banking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#Other_SBI_Services\" >Other SBI Services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#History_of_SBI_Bank_FAQs\" >History of SBI Bank  FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><strong>History of SBI bank<\/strong>: The State Bank of India (SBI Bank) remains the largest bank in India as of 2025. It\u2019s a public sector, multinational bank and financial services company. Holding about 23% of India\u2019s banking assets and approximately 25% share in total deposits and loans, SBI is the top choice for many MBA aspirants aiming for an SBI career!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/test-series\/?ref=contan-bank\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt Free mock tests for bank exams<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"State_Bank_of_India_SBI_Bank_history\"><\/span><strong>State Bank of India (SBI Bank) history<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The State Bank of India (SBI Bank) originated as the Bank of Calcutta on June 2\u202f, 1806, in Kolkata. In January 1809, it gained its charter and was renamed the Bank of Bengal\u2014India\u2019s first joint-stock bank, sponsored by the Bengal government. Alongside the Bank of Bengal, the Bank of Bombay (founded 15\u202fApril\u202f1840) and the Bank of Madras (founded 1\u202fJuly\u202f1843) formed the three presidency banks that became the core of modern Indian banking.<\/p>\n\n\n\n<p>Initially, all three presidency banks were set up for these key reasons:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Lack of modernization in the Indian economy<\/li><li>Local European trade needs and requirements<\/li><li>Imperial finance demands<\/li><\/ul>\n\n\n\n<p>These banks evolved into today\u2019s State Bank of India by adopting banking models from England and Europe. Shifts in India\u2019s local trade environment, growing economic ties with Europe, and changes in the global economy further shaped their growth and transformation.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/sbi-clerk-mock-test\/?ref=contan-bank\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt Free SBI Clerk Mock Tests<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_current_position_of_the_State_Bank_of_India_SBI_Bank\"><\/span><strong>The current position of the State Bank of India (SBI Bank)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The State Bank of India sits at the top of India\u2019s banking landscape. With over 22,500 branches, 63,580 ATMs\/ADWMs, and 82,900 BC outlets, it serves more than 500\u202fmillion customers nationwide. Holding roughly 23% of India\u2019s banking assets and 25% of deposits and loans, SBI outpaces every other bank in size and reach.<\/p>\n\n\n\n<p>Beyond its vast network, SBI leads in innovation and partnerships. It\u2019s the only Indian bank in the Fortune Global\u202f500 (ranked 178th in 2024) and India\u2019s top arranger of external commercial borrowings and infrastructure debt. Strategic tie\u2011ups in insurance, pensions, private equity, custodial services, and digital banking (YONO, TAB Banking, KYC\u2011on\u2011wheels) continue to drive its rapid growth.<\/p>\n\n\n\n<p>On the corporate front, SBI is deepening its wholesale banking, derivatives, structured products, and global treasury operations to meet the evolving needs of India\u2019s businesses. This strong blend of scale, innovation, and strategic focus keeps SBI firmly positioned as India\u2019s banking powerhouse.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/previous-year-papers\/?ref=contan-bank\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt previous year papers for all exams<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Community_Services_Digital_Initiatives\"><\/span>Community Services &amp; Digital Initiatives<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Apart from its banking operations, the State Bank of India actively contributes to society through various welfare and development programs. These initiatives reflect SBI\u2019s commitment to nation-building and community service.<\/p>\n\n\n\n<p>Since 1973, SBI\u2019s Community Services Banking program has supported social causes across India. Every branch and administrative office takes part in welfare activities, such as health awareness drives, education sponsorships, and financial literacy programs.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/sbi-po-mock-test\/?ref=contan-bank\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt Free SBI PO Mock Tests<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Digital_Banking\"><\/span>Digital Banking<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To make banking faster and more convenient for customers, SBI has launched several innovative digital facilities. These services ensure that basic banking needs are met right at the customer\u2019s doorstep, making banking simpler and hassle-free.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>TAB Banking for Home Loans<\/strong><br>Tablet\u2011based application and in\u2011principle approval right at your doorstep.<\/li><li><strong>TAB Banking for Savings Accounts<\/strong><br>Open a new savings account through a branch\u2011powered tablet visit.<\/li><li><strong>KYC\u2011on\u2011Wheels<\/strong><br>Mobile team visits you to complete Know Your Customer (KYC) checks digitally.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Other_SBI_Services\"><\/span>Other SBI Services<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>SBI offers a wide range of banking and financial services designed to cater to different customer segments. Whether it&#8217;s personal savings or large corporate funding, SBI covers every aspect of banking in India and abroad.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Personal Banking<\/strong><\/li><li><strong>Rural &amp; Agriculture Banking<\/strong><\/li><li><strong>SME Banking<\/strong><\/li><li><strong>Domestic Treasury Services<\/strong><\/li><li><strong>NRI Services<\/strong><\/li><li><strong>International Banking<\/strong><\/li><li><strong>Corporate Banking<\/strong><\/li><li><strong>Government Business<\/strong><\/li><\/ul>\n\n\n\n<p>This is all from our side in this blog. Stay tuned.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/upcoming-government-exams\/?ref=contan-bank\" target=\"_blank\" rel=\"noreferrer noopener\">Upcoming Govt Exams List 2025<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"History_of_SBI_Bank_FAQs\"><\/span>History of SBI Bank  FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1750518993064\"><strong class=\"schema-faq-question\">Q1. <strong>When was the State Bank of India originally founded?<\/strong><\/strong> <p class=\"schema-faq-answer\">Ans. SBI began as the Bank of Calcutta on June 2, 1806.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1750519127250\"><strong class=\"schema-faq-question\">Q2. <strong>When was the Bank of Bengal established?<\/strong><\/strong> <p class=\"schema-faq-answer\">Ans. The Bank of Bengal was chartered in January 1809.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1750519139442\"><strong class=\"schema-faq-question\">Q3. <strong>How large is SBI\u2019s customer and branch network?<\/strong><\/strong> <p class=\"schema-faq-answer\">Ans. SBI serves over 500 million customers through 22,500+ branches.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1750519154553\"><strong class=\"schema-faq-question\">Q4. <strong>Which digital initiatives has SBI launched recently?<\/strong><\/strong> <p class=\"schema-faq-answer\">Ans. TAB Banking, KYC-on-Wheels, and YONO digital banking services.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1750519165642\"><strong class=\"schema-faq-question\">Q5. <strong>Is SBI part of any global rankings?<\/strong><\/strong> <p class=\"schema-faq-answer\">Ans. Yes, SBI ranks 178th in the Fortune Global 500 list (2024).<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/oicl-ao-result\/\">OICL AO Mains Result 2026 Out, Check Phase 2 Merit List<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-gd-reasoning-questions\/\">100 SSC GD Reasoning Questions 2026, Download PDF, Free E-book inside<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-phase-14-selection-process\/\">SSC Selection Post Phase 14 Selection Process, Check now<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/error-spotting\/\">Error Spotting in English Types, Short Tricks, and Tips<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-chsl-marks-calculator\/\">SSC CHSL Marks Calculator 2026, Calculate Tier 1 &amp; 2 Scores Online<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-assistant-call-letter\/\">RBI Assistant Admit Card 2026 Out for Manipur Region<\/a><\/li>\n<\/ul>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>History of SBI bank: The State Bank of India (SBI Bank) remains the largest bank in India as of 2025.<\/p>\n","protected":false},"author":66,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,10224],"tags":[],"class_list":["post-29321","post","type-post","status-publish","format-standard","hentry","category-bank-exams","category-sbi","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>History of SBI bank: All You Need To Know<\/title>\n<meta name=\"description\" content=\"History of SBI Bank All You Need To Know about India\u2019s largest bank, its journey since 1806, milestones, digital banking, and global presence.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"History of SBI Bank: Everything You Need to Know About India\u2019s Oldest Bank\" \/>\n<meta property=\"og:description\" content=\"History of SBI bank: The State Bank of India (SBI Bank) remains the largest bank in India as of 2025. It\u2019s a public sector, multinational bank and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-25T06:55:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2022\/11\/sbi-bank-history.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Aadib Nagori\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aadib Nagori\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/\"},\"author\":{\"name\":\"Aadib Nagori\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6222ed6a7562bcc680c47ff3293ab2f5\"},\"headline\":\"History of SBI Bank: Everything You Need to Know About India\u2019s Oldest Bank\",\"datePublished\":\"2025-06-25T06:55:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/\"},\"wordCount\":736,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"articleSection\":[\"Bank Exams\",\"SBI\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#respond\"]}]},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/\",\"name\":\"History of SBI bank: All You Need To Know\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\"},\"datePublished\":\"2025-06-25T06:55:46+00:00\",\"description\":\"History of SBI Bank All You Need To Know about India\u2019s largest bank, its journey since 1806, milestones, digital banking, and global presence.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#faq-question-1750518993064\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#faq-question-1750519127250\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#faq-question-1750519139442\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#faq-question-1750519154553\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#faq-question-1750519165642\"}],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/sbi-bank-history\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bank Exams\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/bank-exams\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"SBI Bank history\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"name\":\"Oliveboard\",\"description\":\"Free Govt. 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