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In which of the following cities is the corporate centre of State Bank of India (SBI) situated?

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In which of the following cities is the corporate centre of State Bank of India (SBI) situated?
1. Mumbai
2. Bengaluru
3. Hyderabad
4. Kolkata
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Correct Answer - Option 1 : Mumbai

The correct answer is Mumbai.

  • The corporate centre of State Bank of India (SBI) is situated at Mumbai, Maharastra.
    • The Imperial Bank was established in the year 1921 by merging three main Presidency Banks.
    • The Imperial Bank was nationalized in 1955 on the recommendation of the Gorewala Committee and renamed as State Bank of India.
  • SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020.
  • It is also the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market.
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