SBI to Central Bank of India: 10 largest banks in India by market cap
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State Bank of India
Market Capitalisation: Rs 272,735 cr
SBI is India's largest bank in terms of market capitalisation, branches (22,414), ATMs, offices, revenue generation and employees (264,041). The bank descends from the Imperial Bank of India, which was formed by merging Bank of Calcutta, Bank of Madras and the Bank of Bombay. The Imperial Bank of India became the State Bank of India in 1955 after Government of India took control of it with Reserve Bank of India taking a 60% stake in it.
In 2008, the government took over the stake held by the Reserve Bank of India. In April-June quarter, the bank reported a standalone net loss of Rs 4,876 crore, as compared to a net profit of Rs. 2,006 crore for the corresponding period in 2017.