State Bank of India (SBI)

Company Overview

State Bank of India (SBI) is the largest public sector bank in India and one of the world's most established banking institutions. Its origins trace back to 1806 when it was founded as the Bank of Calcutta. After evolving through various entities, the bank was reconstituted as the State Bank of India in 1955. Today, SBI serves over 500 million customers globally across retail, corporate, and international banking. It is listed as a Fortune 500 company and is a leading financial institution for international remittances into India, particularly for the global Indian diaspora.

Headquarters & Contact Information

Headquarters Address State Bank Bhavan Madame Cama Road Nariman Point Mumbai, Maharashtra 400021 India

General Customer Service (India) Phone: Toll-free numbers published regionally via SBI official website Support available through branch network and internet banking

Email (General Inquiry for India) customercare@sbi.co.in Note: Recommended to verify this for international usage

US Operations State Bank of India – New York Branch 460 Park Avenue, 2nd Floor New York, NY 10022 Phone and department-specific email contacts available via SBI New York official page Website: https://sbinewyork.statebank

Global Network & Reach

SBI operates 241 foreign offices in 29 countries, including major international hubs such as the United States (New York, Chicago, Los Angeles), the United Kingdom, Canada, Australia, UAE, Singapore, and Hong Kong.

Remittance services are enabled through SBI's overseas branches and partnerships with global financial institutions.

Service Features

Customers and NRI account holders can access:

• Online and branch-based remittance services (SBI Express Remit and Instant Transfer in select countries)
• Credit to SBI accounts in India and transfers to other local banks
• Wire transfer and demand draft services (corridor-specific)
• Competitive foreign exchange rates and lower fee options
• Transfer tracking and receipt confirmation
• Internet and mobile banking support for sending remittance instructions

History & Ownership

• Founded in 1806 as the Bank of Calcutta
• Transitioned to Imperial Bank of India before becoming SBI in 1955
• Government-owned corporation regulated by the Reserve Bank of India
• Significant influence over domestic and international banking operations

Regulatory & Compliance

• Regulated by the Reserve Bank of India
• Overseas branches operate under host country's financial authorities
• SBI New York branch is FDIC-insured
• Compliant with AML, KYC and international banking regulations
• Recognized for global institutional compliance and risk governance

Impact & Milestones

• Over 200 years of banking history
• More than 500 million customers worldwide
• Total assets exceeding ₹61 trillion
• 22,500+ domestic branches
• 241 international offices across 29 countries
• Early adopter of digital banking and UPI programs
• Crucial to India's financial inclusion and rural banking growth

Customer Support

• Local service via branch locations in India and abroad
• Customer support through phone, email and branch assistance
• Dedicated NRI and remittance support in select international branches
• Contact information varies by country and is available on regional SBI websites

Website & Verification