16/10/2007 State Bank of India
16 October 2007
The Exchange welcomes the State Bank of India
The London Stock Exchange is delighted to welcome Mr.O.P.Bhatt, Chairman of the State Bank of India (SBI) to mark the occasion of the 11th anniversary of the listing of State Bank of India in London. SBI GDRs are currently listed on the Professional Securities Market.
State Bank of India is India’s largest commercial bank in terms of profits, assets, deposits, branches and employees. The bank recently became the first public sector bank to reach a market capitalisation of Rs.1 trillion (USD25 billion) and is one of 10 companies on the Indian bourses with market capitalisation over this figure. SBI is one of the most actively traded shares in India.
SBI is the only Indian bank ranked in the 100 top global banks by the Banker and also the only Indian bank featuring in the Global Fortune 500 companies. SBI is a pre-eminent financial institution in India and has a presence in diverse segments of the Indian financial sector. The SBI Group operates its various businesses through its associates and key subsidiaries.
International banking services of State Bank of India are delivered through a network of 85 offices/branches in 32 countries, spread over all time zones.