State Bank of India (SBI) is India’s largest public sector bank, providing comprehensive financial and digital banking services across the nation and abroad.
Question : SBI bank stands for which of the following?
- 1) State Bank of India
- 2) South Bank of India
- 3) Standard Banking Institution
- 4) Savings Bank of India
The State Bank of India (SBI) is the largest public sector bank in India.
It provides a wide range of banking and financial services to individuals, businesses, and government sectors both in India and abroad.
Type: Public Sector Bank (Government-Owned)
Headquarters: Mumbai, Maharashtra, India
Founded: July 1, 1955
Owner: Government of India
History of SBI:
Originated from the Bank of Calcutta (1806).
Later became the Imperial Bank of India (1921).
Renamed as the State Bank of India (SBI) in 1955, after nationalization by the Government of India.