State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.

The Government of India itself is the largest shareholder of this Fortune 500 company, with 58.60% ownership, and SBI was ranked 152nd in The Forbes list of Global 2000 firms in May 2015.

 

Authorised and regulated by Reserve Bank of India and Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority (FCA) and limited regulation by the Prudential Regulation Authority.

Details about the extent of our regulation by the Prudential Regulation Authority and Financial Conduct Authority are available from us on request.

State Bank of India is a member of the Financial Services Compensation Scheme established under the Financial Services and Market Act 2000.

The Financial Services Compensation Scheme protects deposits held with our UK branches.

Payments under this scheme are limited to £85,000 of your total deposits with us in the UK. In practice, this means that each eligible depositor will be compensated up to a maximum of £85,000 of their total deposits.