Financial Statements of Subsidiaries/Associates/JVs - Investor Relations
Financial Statements of Subsidiaries/Associates/JVs
| S. No. | Name of Subsidiary/Associate | Country of Incorporation | View |
|---|---|---|---|
| Non-Banking Subsidiaries | |||
| 1 | SBI Capital Markets Limited | India | SBI Capital Markets Limited (3.6 MB) |
| 1.1 SBICAP Securities Limited (SSL) | India | SBICAP Securities Limited (SSL) (6.7 MB) | |
| 1.2 SBICAP Trustee Company Limited (STCL) | India | SBICAP Trustee Company Limited (STCL) (10.1 MB) | |
| 2 | SBI Ventures Limited (SVL) | India | SBI Ventures Limited (SVL) (9.9 MB) |
| 3 | SBI DFHI Limited | India | SBI DFHI Limited (12.8 MB) |
| 4 | SBI Mutual Fund Trustee Company Private Limited | India | SBI Mutual Fund Trustee Company Private Limited (1.7 MB) |
| 5 | SBI Factors Limited (Formerly, SBI Global Factors Ltd.) | India | SBI Factors Limited (9.4 MB) |
| 6 | SBI Pension Funds Private Limited | India | SBI Pension Funds Private Limited (9.1 MB) |
| 7 | SBI Payment Services Private Limited | India | SBI Payment Services Private Limited (21.0 MB) |
| 8 | SBI Life Insurance Company Limited | India | SBI Life Insurance Company Limited (10.5 MB) |
| 9 | SBI General Insurance Company Limited | India | SBI General Insurance Company Limited (19.8 MB) |
| 10 | SBI Cards & Payment Services Limited | India | SBI Cards & Payment Services Limited (6.9 MB) |
| 11 | SBI-SG Global Securities Services Private Limited | India | SBI-SG Global Securities Services Private Limited (5.9 MB) |
| 12 | SBI Funds Management Limited | India | SBI Funds Management Limited (9.9 MB) |
| 12.1 SBI Funds Management (International) Private Limited | Mauritius | SBI Funds Management (International) Private Limited (3.6 MB) | |
| 12.2 SBI Funds International (IFSC) Ltd. | India | SBI Funds International (IFSC) Ltd. (6.9 MB) | |
| 13 | State Bank of India Servicos Limitada, Brazil | Brazil | State Bank of India Servicos Limitada, Brazil (5.2 MB) |
| 14 | Nepal SBI Merchant Banking Limited | Nepal | |
| 15 | State Bank Operations Support Services Pvt. Ltd. | India | State Bank Operations Support Services Pvt. Ltd. (9.4 MB) |
| 16 | SBI CDMDF Trustee Pvt. Ltd. | India | SBI CDMDF Trustee Pvt. Ltd. (1.8 MB) |
| 17 |
SBI Infra Management Solutions Private Limited (Under Liquidation) |
India | SBI Infra Management Solutions Private Limited (946 KB) |
| 18 |
SBI Foundation (Not-for-Profit Company [incorporated under section 7(2) of Companies Act, 2013]) |
India | SBI Foundation (5.3 MB) |
| Banking Subsidiaries | |||
| 1 | Commercial Indo Bank LLC, Moscow | Russia | Commercial Indo Bank LLC |
| 2 | Nepal SBI Bank Ltd. | Nepal | Nepal SBI Bank Ltd. |
| 3 | State Bank of India (California) | USA | State Bank of India (California) |
| 4 | SBI Canada Bank | Canada | SBI Canada Bank |
| 5 | PT Bank SBI Indonesia | Indonesia | PT Bank SBI Indonesia |
| 6 | SBI (Mauritius) Ltd. | Mauritius | SBI (Mauritius) Ltd. |
| 7 | State Bank of India (UK) Ltd. | UK | State Bank of India (UK) Ltd. |
| Joint Ventures | |||
| 1 | C-Edge Technologies Limited | India | C-Edge Technologies Limited |
| 2 | Jio Payments Bank Limited (up to 17.06.2025) | India | Jio Payments Bank Limited |
| 3 | SBI Macquarie Infrastructure Management Pvt. Ltd. | India | SBI Macquarie Infrastructure Management Pvt. Ltd. (2.8 MB) |
| 4 | SBI Macquarie Infrastructure Trustee Pvt. Ltd. | India | SBI Macquarie Infrastructure Trustee Pvt. Ltd. (3.0 MB) |
| 5 | Oman India Joint Investment Fund – Management Company Pvt. Ltd. | India | Oman India Joint Investment Fund – Management Company Pvt. Ltd (2.1 MB) |
| 6 | Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. | India | Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. (1.2 MB) |
| 7 | Macquarie SBI Infrastructure Management Pte. Ltd. | Singapore | Macquarie SBI Infrastructure Management Pte. Ltd. (1.7 MB) |
| 8 | Macquarie SBI Infrastructure Trustee Ltd. | Bermuda | Macquarie SBI Infrastructure Trustee Ltd. (20.7 MB) |
| Associates: Regional Rural Banks (RRBs) | |||
| 1 |
Andhra Pradesh Grameena Vikas Bank (up to 30th April 2025) |
India | Andhra Pradesh Grameena Vikas Bank (677 KB) |
| 2 | Arunachal Pradesh Rural Bank | India | Arunachal Pradesh Rural Bank (6.7 MB) |
| 3 |
Chhattisgarh Gramin Bank (Formerly known as Chhattisgarh Rajya Gramin Bank) |
India | Chhattisgarh Rajya Gramin Bank (6.7 MB) |
| 4 |
Ellaquai Dehati Bank (up to 30th April 2025) |
India | Ellaquai Dehati Bank (7.1 MB) |
| 5 |
Madhyanchal Gramin Bank (up to 30th April 2025) |
India | Madhyanchal Gramin Bank (17.9 MB) |
| 6 | Meghalaya Rural Bank | India | Meghalaya Rural Bank (32.2 MB) |
| 7 | Mizoram Rural Bank | India | Mizoram Rural Bank (2.0 MB) |
| 8 | Nagaland Rural Bank | India | Nagaland Rural Bank (3.8 MB) |
| 9 | Saurashtra Gramin Bank() | India | Saurashtra Gramin Bank (13.2 MB) |
| 10 | Utkal Grameen Bank() | India | Utkal Grameen Bank (6.7 MB) |
| 11 | Uttarakhand Gramin Bank | India | Uttarakhand Gramin Bank (1.2 MB) |
| 12 |
Jharkhand Gramin Bank (Formerly known as Jharkhand Rajya Gramin Bank) |
India | Jharkhand Rajya Gramin Bank (4.4 MB) |
| 13 | Rajasthan Gramin Bank* | India | Rajasthan Marudhara Gramin Bank (3.7 MB) |
| 14 | Telangana Grameena Bank | India | Telangana Grameena Bank (2.3 MB) |
| Associates: Others | |||
| 1 | Yes Bank Ltd. | India | Yes Bank Ltd. (706 KB) |
| 2 | Bank of Bhutan Ltd. | Bhutan | |
| 3 | Investec Capital Services (India) Pvt. Ltd. | India |
Investec Capital Services (India) Pvt. Ltd. (Standalone FS) (1.8 MB) Investec Capital Services (India) Pvt. Ltd.(Consolidated FS) (1.8 MB) |
|
* Pursuant to Gazette Notification No. CG-DL-E-07042025-262329 dated 5th April 2025, Rajasthan Marudhara Gramin Bank and Baroda Rajasthan Kshetriya Gramin bank have been amalgamated w.e.f. 1st May, 2025 and after amalgamation the name of RRB changed to Rajasthan Gramin bank. |
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(3.6 MB)| S. No. | Name of Subsidiary | Country of Incorporation | View |
|---|---|---|---|
| Non-Banking Subsidiaries | |||
| 1 | SBI Capital Markets Limited | India | SBI Capital Markets Limited |
| 1.1 SBICAP Securities Limited (SSL) | India | SBICAP Securities Limited (SSL) | |
| 1.2 SBICAP Trustee Company Limited (STCL) | India | SBICAP Trustee Company Limited (STCL) | |
| 2 | SBICAP Ventures Limited (SVL) | India | SBICAP Ventures Limited (SVL) |
| 3 | SBI DFHI Limited | India | SBI DFHI Limited |
| 4 | SBI Mutual Fund Trustee Company Private Limited | India | SBI Mutual Fund Trustee Company Private Limited |
| 5 | SBI Factors Limited (Formerly, SBI Global Factors Ltd.) | India | SBI Factors Limited |
| 6 | SBI Pension Funds Private Limited | India | SBI Pension Funds Private Limited |
| 7 | SBI Payment Services Private Limited | India | SBI Payment Services Private Limited |
| 8 | SBI Life Insurance Company Limited | India | SBI Life Insurance Company Limited |
| 9 | SBI General Insurance Company Limited | India | SBI General Insurance Company Limited |
| 10 | SBI Cards & Payment Services Limited | India | SBI Cards & Payment Services Limited |
| 11 | SBI-SG Global Securities Services Private Limited | India | SBI-SG Global Securities Services Private Limited |
| 12 | SBI Funds Management Limited@ | India | SBI Funds Management Limited |
| 12.1 SBI Funds Management (International) Private Limited | Mauritius | SBI Funds Management (International) Private Limited | |
| 12.2 SBI Funds International (IFSC) Ltd. | Gift City | SBI Funds International (IFSC) Ltd. | |
| 13 | State Bank of India Servicos Limitada, Brazil | Brazil | State Bank of India Servicos Limitada, Brazil |
| 14 | Nepal SBI Merchant Banking Limited | Nepal | |
| 15 | State Bank Operations Support Services Pvt. Ltd. | India | State Bank Operations Support Services Pvt. Ltd. |
| 16 | SBI CDMDF Trustee Pvt. Ltd. | India | SBI CDMDF Trustee Pvt. Ltd. |
| 17 | SBI Infra Management Solutions Private Limited (Under Liquidation) | India | SBI Infra Management Solutions Private Limited |
| 18 | SBI Foundation | India | |
| Banking Subsidiaries | |||
| 1 | Commercial Indo Bank LLC, Moscow | Russia | Commercial Indo Bank LLC |
| 2 | Nepal SBI Bank Ltd. | Nepal | Nepal SBI Bank Ltd. |
| 3 | State Bank of India (California) | USA | State Bank of India (California) |
| 4 | SBI Canada Bank | Canada | SBI Canada Bank |
| 5 | PT Bank SBI Indonesia | Indonesia | PT Bank SBI Indonesia |
| 6 | SBI (Mauritius) Ltd. | Mauritius | SBI (Mauritius) Ltd. |
| 7 | State Bank of India (UK) Ltd. | UK | State Bank of India (UK) Ltd. |
| Joint Ventures | |||
| 1 | C-Edge Technologies Limited | India | C-Edge Technologies Limited |
| 2 | Jio Payments Bank Limited | India | Jio Payments Bank Limited |
| 3 | SBI Macquarie Infrastructure Management Pvt. Ltd. | India | SBI Macquarie Infrastructure Management Pvt. Ltd. |
| 4 | SBI Macquarie Infrastructure Trustee Pvt. Ltd. | India | SBI Macquarie Infrastructure Trustee Pvt. Ltd. |
| 5 | Oman India Joint Investment Fund – Management Company Pvt. Ltd. | India | Oman India Joint Investment Fund – Management Company Pvt. Ltd |
| 6 | Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. | India | Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. |
| 7 | Macquarie SBI Infrastructure Management Pte. Ltd. | Singapore | Macquarie SBI Infrastructure Management Pte. Ltd. |
| 8 | Macquarie SBI Infrastructure Trustee Ltd. | Bermuda | Macquarie SBI Infrastructure Trustee Ltd. |
| Associates: Regional Rural Banks (RRBs) | |||
| 1 | Andhra Pradesh Grameena Vikas Bank | India | Andhra Pradesh Grameena Vikas Bank |
| 2 | Arunachal Pradesh Rural Bank | India | Arunachal Pradesh Rural Bank |
| 3 | Chhattisgarh Rajya Gramin Bank | India | Chhattisgarh Rajya Gramin Bank |
| 4 | Ellaquai Dehati Bank | India | Ellaquai Dehati Bank |
| 5 | Madhyanchal Gramin Bank | India | Madhyanchal Gramin Bank |
| 6 | Meghalaya Rural Bank | India | Meghalaya Rural Bank |
| 7 | Mizoram Rural Bank | India | Mizoram Rural Bank |
| 8 | Nagaland Rural Bank | India | Nagaland Rural Bank |
| 9 | Saurashtra Gramin Bank | India | Saurashtra Gramin Bank |
| 10 | Utkal Grameen Bank | India | Utkal Grameen Bank |
| 11 | Uttarakhand Gramin Bank | India | Uttarakhand Gramin Bank |
| 12 | Jharkhand Rajya Gramin Bank | India | Jharkhand Rajya Gramin Bank |
| 13 | Rajasthan Marudhara Gramin Bank | India | Rajasthan Marudhara Gramin Bank |
| 14 | Telangana Grameena Bank | India | Telangana Grameena Bank |
| Associates: Others | |||
| 1 | Yes Bank Ltd. | India | Yes Bank Ltd. |
| 2 | Bank of Bhutan Ltd. | Bhutan | |
| 3 | Investec Capital Services (India) Pvt. Ltd. | India | Investec Capital Services (India) Pvt. Ltd. |
|
|
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| S. No. | Name of Subsidiary | Country of Incorporation | View |
|---|---|---|---|
| Non-Banking Subsidiaries | |||
| 1 | SBI Capital Markets Limited | India | SBI Capital Markets Limited (Standalone AFS) SBI Capital Markets Limited (Consolidated AFS) |
| 1.1 SBICAP Securities Limited (SSL) | India | SBICAP Securities Limited (SSL) | |
| 1.2 SBICAP Trustee Company Limited (STCL) | India | SBICAP Trustee Company Limited (STCL) | |
| 2 | SBICAP Ventures Limited (SVL) | India | SBICAP Ventures Limited (SVL) |
| 2 | SBI DFHI Limited | India | SBI DFHI Limited |
| 3 | SBI Mutual Fund Trustee Company Private Limited | India | SBI Mutual Fund Trustee Company Private Limited |
| 4 | SBI Global Factors Limited | India | SBI Global Factors Limited |
| 5 | SBI Pension Funds Private Limited | India | SBI Pension Funds Private Limited |
| 6 | SBI Payment Services Private Limited@ | India | SBI Payment Services Private Limited |
| 7 | SBI Life Insurance Company Limited | India | SBI Life Insurance Company Limited |
| 8 | SBI General Insurance Company Limited | India | SBI General Insurance Company Limited |
| 9 | SBI Cards & Payment Services Limited | India | SBI Cards & Payment Services Limited |
| 10 | SBI-SG Global Securities Services Private Limited@ | India | SBI-SG Global Securities Services Private Limited |
| 11 | SBI Funds Management Limited@ | India | SBI Funds Management Limited (Standalone AFS) |
| 11.1 SBI Funds Management (International) Private Limited@ | Mauritius | SBI Funds Management (International) Private Limited | |
| 12 | State Bank of India Servicos Limitada, Brazil | Brazil | State Bank of India Servicos Limitada, Brazil |
| 13 | Nepal SBI Merchant Banking Limited | Nepal | Nepal SBI Merchant Banking Limited |
| 14 | State Bank Operations Support Services Pvt. Ltd. | India | State Bank Operations Support Services Pvt. Ltd. |
| 15 | SBI CDMDF Trustee Pvt. Ltd. | India | SBI CDMDF Trustee Pvt. Ltd |
| 16 | SBI Infra Management Solutions Private Limited# (Upto 30th September 2022)(Under Liquidation) |
India | SBI Infra Management Solution /Premises Dept |
| 17 | SBI Foundation | India | SBI Foundation |
| Banking Subsidiaries | |||
| 1 | Commercial Indo Bank LLC, Moscow | Russia | Commercial Indo Bank LLC |
| 2 | Nepal SBI Bank Ltd. | Nepal | Nepal SBI Bank Ltd. |
| 3 | State Bank of India (California) | USA | State Bank of India (California) |
| 4 | SBI Canada Bank | Canada | SBI Canada Bank |
| 5 | PT Bank SBI Indonesia | Indonesia | PT Bank SBI Indonesia |
| 6 | SBI (Mauritius) Ltd. | Mauritius | SBI (Mauritius) Ltd. |
| 7 | State Bank of India (UK) Ltd. | UK | State Bank of India (UK) Ltd. |
| Joint Ventures | |||
| 1 | C-Edge Technologies Limited | India | C-Edge Technologies Limited |
| 2 | SBI Macquarie Infrastructure Management Pvt. Ltd. | India | SBI Macquarie Infrastructure Management Pvt. Ltd |
| 3 | SBI Macquarie Infrastructure Trustee Pvt. Ltd. | India | SBI Macquarie Infrastructure Trustee Pvt. Ltd. |
| 4 | Oman India Joint Investment Fund – Management Company Pvt. Ltd. | India | Oman India Joint Investment Fund – Management Company Pvt. Ltd. |
| 5 | Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. | India | Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. |
| 6 | Macquarie SBI Infrastructure Management Pte. Ltd. | Singapore | Macquarie SBI Infrastructure Management Pte. Ltd. |
| 7 | Macquarie SBI Infrastructure Trustee Ltd. | Bermuda | Macquarie SBI Infrastructure Trustee Ltd. |
| Associates: Regional Rural Banks (RRBs) | |||
| 1 | Andhra Pradesh Grameena Vikas Bank | India | Andhra Pradesh Grameena Vikas Bank |
| 2 | Arunachal Pradesh Rural Bank | India | Arunachal Pradesh Rural Bank |
| 3 | Chhattisgarh Rajya Gramin Bank | India | Chhattisgarh Rajya Gramin Bank |
| 4 | Ellaquai Dehati Bank | India | Ellaquai Dehati Bank |
| 5 | Madhyanchal Gramin Bank | India | Madhyanchal Gramin Bank |
| 6 | Meghalaya Rural Bank | India | Meghalaya Rural Bank |
| 7 | Mizoram Rural Bank | India | Mizoram Rural Bank |
| 8 | Nagaland Rural Bank | India | Nagaland Rural Bank |
| 9 | Saurashtra Gramin Bank | India | Saurashtra Gramin Bank |
| 10 | Utkal Grameen Bank | India | Utkal Grameen Bank |
| 11 | Uttarakhand Gramin Bank | India | Uttarakhand Gramin Bank |
| 12 | Jharkhand Rajya Gramin Bank | India | Jharkhand Rajya Gramin Bank |
| 13 | Rajasthan Marudhara Gramin Bank | India | Rajasthan Marudhara Gramin Bank |
| 14 | Telangana Grameena Bank | India | Telangana Grameena Bank |
| Associates: Others | |||
| 1 | The Clearing Corporation of India Ltd. | India | The Clearing Corporation of India Ltd. |
| 2 | Yes Bank Ltd. | India | Yes Bank Ltd. |
| 3 | Bank of Bhutan Ltd. | Bhutan | Bank of Bhutan Ltd. |
| 4 | Investec Capital Services (India) Pvt. Ltd. | India | Investec Capital Services (India) Pvt. Ltd. |
| 5 | Jio Payments Bank Ltd. | India | Jio Payments Bank Ltd. |
|
@ Represents companies which are jointly controlled entities in terms of the shareholders’ agreement. However, the same are consolidated as subsidiaries in accordance with AS 21 “Consolidated Financial Statements” as SBI’s holding in these companies exceeds 50%. # SBI Infra Management Solutions Private Limited, wholly-owned subsidiary of SBI has been under liquidation from FY 2021‑22 and full provision for its investment has been made during the quarter ended 30th September 2022. Accordingly, it has been excluded from consolidation in preparation of Consolidated Financial Statements from 1st October 2022. |
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| S. No. | Name of Subsidiary | Country of Incorporation | View |
|---|---|---|---|
| Non-Banking Subsidiaries | |||
| 1 | SBI Capital Markets Limited | India | SBI Capital Markets Limited (Standalone AFS) SBI Capital Markets Limited (Consolidated AFS) |
| 1.1 SBICAP Securities Limited (SSL) | India | SBICAP Securities Limited (SSL) | |
| 1.2 SBICAP Ventures Limited (SVL) | India | SBICAP Ventures Limited (SVL) | |
| 1.3 SBICAP (Singapore) Limited (SSGL) # (upto 30th November 2022) |
Singapore | SBICAP (Singapore) Limited (SSGL) | |
| 1.4 SBICAP Trustee Company Limited (STCL) | India | SBICAP Trustee Company Limited (STCL) | |
| 2 | SBI DFHI Limited | India | SBI DFHI Limited |
| 3 | SBI Mutual Fund Trustee Company Private Limited | India | SBI Mutual Fund Trustee Company Private Limited |
| 4 | SBI Global Factors Limited | India | SBI Global Factors Limited |
| 5 | SBI Pension Funds Private Limited | India | SBI Pension Funds Private Limited |
| 6 | SBI Payment Services Private Limited | India | SBI Payment Services Private Limited |
| 7 | SBI Life Insurance Company Limited | India | SBI Life Insurance Company Limited |
| 8 | SBI General Insurance Company Limited | India | SBI General Insurance Company Limited |
| 9 | SBI Cards & Payment Services Limited | India | SBI Cards & Payment Services Limited |
| 10 | SBI-SG Global Securities Services Private Limited | India | SBI-SG Global Securities Services Private Limited |
| 11 | SBI Funds Management Limited | India | SBI Funds Management Limited (Standalone AFS) |
| 11.1 SBI Funds Management (International) Private Limited | Mauritius | SBI Funds Management (International) Private Limited | |
| 12 | State Bank of India Servicos Limitada, Brazil | Brazil | |
| 13 | SBI Foundation | India | |
| 14 | SBI Infra Management Solutions Private Limited## (Upto 30th September 2022) |
India | SBI Infra Management Solution /Premises Dept |
| 15 | Nepal SBI Merchant Banking Limited | Nepal | |
| 16 | State Bank Operations Support Services Pvt. Ltd.### (Date of incorporation 26th July 2022) |
India | State Bank Operations Support Services Pvt. Ltd. |
| Banking Subsidiaries | |||
| 1 | Commercial Indo Bank LLC, Moscow | Russia | Commercial Indo Bank LLC |
| 2 | Nepal SBI Bank Ltd. | Nepal | Nepal SBI Bank Ltd. |
| 3 | State Bank of India (California) | USA | State Bank of India (California) |
| 4 | SBI Canada Bank | Canada | SBI Canada Bank |
| 5 | PT Bank SBI Indonesia | Indonesia | PT Bank SBI Indonesia |
| 6 | SBI (Mauritius) Ltd. | Mauritius | SBI (Mauritius) Ltd. |
| 7 | State Bank of India (UK) Ltd. | UK | State Bank of India (UK) Ltd. |
| 8 | Bank SBI Botswana Ltd* | Botswana | NA (Deregistered on 07.09.2021 ) |
| Joint Ventures | |||
| 1 | C-Edge Technologies Limited | India | C-Edge Technologies Limited |
| 2 | SBI Macquarie Infrastructure Management Pvt. Ltd. | India | SBI Macquarie Infrastructure Management Pvt. Ltd. |
| 3 | SBI Macquarie Infrastructure Trustee Pvt. Ltd. | India | SBI Macquarie Infrastructure Trustee Pvt. Ltd. |
| 4 | Oman India Joint Investment Fund – Management Company Pvt. Ltd. | India | Oman India Joint Investment Fund – Management Company Pvt. Ltd. |
| 5 | Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. | India | Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. |
| 6 | Macquarie SBI Infrastructure Management Pte. Ltd. | Singapore | Macquarie SBI Infrastructure Management Pte. Ltd. |
| 7 | Macquarie SBI Infrastructure Trustee Ltd. | Bermuda | Macquarie SBI Infrastructure Trustee Ltd. |
| Associates: Regional Rural Banks (RRBs) | |||
| 1 | Andhra Pradesh Grameena Vikas Bank | India | Andhra Pradesh Grameena Vikas Bank |
| 2 | Arunachal Pradesh Rural Bank | India | Arunachal Pradesh Rural Bank |
| 3 | Chhattisgarh Rajya Gramin Bank | India | Chhattisgarh Rajya Gramin Bank |
| 4 | Ellaquai Dehati Bank | India | Ellaquai Dehati Bank |
| 5 | Madhyanchal Gramin Bank | India | Madhyanchal Gramin Bank |
| 6 | Meghalaya Rural Bank | India | Meghalaya Rural Bank |
| 7 | Mizoram Rural Bank | India | Mizoram Rural Bank |
| 8 | Nagaland Rural Bank | India | Nagaland Rural Bank |
| 9 | Saurashtra Gramin Bank | India | Saurashtra Gramin Bank |
| 10 | Utkal Grameen Bank | India | Utkal Grameen Bank |
| 11 | Uttarakhand Gramin Bank | India | Uttarakhand Gramin Bank |
| 12 | Jharkhand Rajya Gramin Bank | India | Jharkhand Rajya Gramin Bank |
| 13 | Rajasthan Marudhara Gramin Bank | India | Rajasthan Marudhara Gramin Bank |
| 14 | Telangana Grameena Bank | India | Telangana Grameena Bank |
| Associates: Others | |||
| 1 | The Clearing Corporation of India Ltd. | India | The Clearing Corporation of India Ltd. |
| 2 | Yes Bank Ltd. | India | Yes Bank Ltd. |
| 3 | Bank of Bhutan Ltd. | Bhutan | Bank of Bhutan Ltd. |
| 4 | Investec Capital Services (India) Pvt. Ltd. | India | Investec Capital Services (India) Pvt. Ltd. |
| 5 | SBI Home Finance Ltd.** (under liquidation) |
India | NA (Under Liquidation) |
| 6 | Jio Payments Bank Ltd.*** (w.e.f. 23rd January 2023) |
India | Jio Payments Bank Ltd. |
|
# SBICAP (Singapore) Limited, a wholly-owned step-down subsidiary of SBI has been dissolved on 30th November 2022. ## SBI Infra Management Solutions Private Limited, wholly-owned subsidiary of SBI has been under liquidation fromFY 2021‑22 and full provision for its investment has been made during the quarter ended 30th September 2022. Accordingly,it has been excluded from consolidation in preparation of Consolidated Financial Statements from 1st October 2022. ### State Bank Operations Support Services Pvt. Ltd. has been incorporated on 26th July 2022 as a wholly-owned subsidiary. The Company provides operation support services for Agriculture/MSME and other Micro Loans including activities permissible to business correspondents, to the Bank which will help to improve the customer connect and business focus of the branches of the Bank. * The banking licence of ‘Bank SBI Botswana’ is surrendered on 30.06.2021. Operations of the same were closed post deregistration ** SBI Home Finance Ltd., an associate in which the Group is having 26% stake, is under liquidation and therefore, not being considered for consolidation in preparation of Consolidated Financial Statements as per Accounting Standard 21. The winding up petition of SBI Home Finance Ltd., an associate of SBI, was filed with the Kolkata High Court on 23rd September 2008. The Hon’ble Court has passed an order on 31st March 2009 giving direction for winding up of the company. *** During the year ended 31st March 2023, Bank’s stake in Jio Payments Bank Ltd., a joint venture, has reduced from 30.00% to 23.02% as Bank did not participate in the right issue of equity shares offered by the company. The entity is accounted as Associate of the Bank. |
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| Non-Banking Subsidiaries | |||
|---|---|---|---|
| S. No. | Name of Subsidiary | Country of Incorporation | # |
|
1 |
SBI Capital Markets Limited |
India
|
SBI Capital Markets Limited (Consolidated) SBI Capital Markets Limited (Standalone)
|
|
|
1.1 SBICAP Securities Limited (SSL) |
India
|
SBICAP Securities Limited (SSL)
|
|
|
1.2 SBICAP Ventures Limited (SVL) |
India
|
|
|
|
1.3 SBICAP (Singapore) Limited (SSGL) |
Singapore
|
SBICAP (Singapore) Limited (SSGL)
|
|
|
1.4 SBICAP Trustee Company Limited (STCL) |
India
|
SBICAP Trustee Company Limited (STCL)
|
|
2 |
SBI DFHI Limited |
India
|
|
|
3 |
SBI Mutual Fund Trustee Company Private Limited |
India
|
SBI Mutual Fund Trustee Company Private Limited
|
|
4 |
SBI Global Factors Limited |
India
|
|
|
5 |
SBI Pension Funds Private Limited |
India
|
SBI Pension Funds Private Limited
|
|
6 |
SBI Payment Services Private Limited |
India
|
SBI Payment Services Private Limited
|
|
7 |
SBI Life Insurance Company Limited |
India
|
SBI Life Insurance Company Limited
|
|
8 |
SBI General Insurance Company Limited |
India
|
SBI General Insurance Company Limited
|
|
9 |
SBI Cards & Payment Services Private Limited |
India
|
SBI Cards & Payment Services Private Limited
|
|
10 |
SBI-SG Global Securities Services Private Limited |
India
|
SBI-SG Global Securities Services Private Limited
|
|
11 |
SBI Funds Management Limited |
India
|
|
|
|
11.1 SBI Funds Management (International) Private Limited |
Mauritius
|
SBI Funds Management (International) Private Limited
|
|
12 |
SBI Servicos Limitada, Brazil |
Brazil
|
|
|
13 |
SBI Foundation |
India
|
|
|
14 |
SBI Infra Management Solutions Private Limited |
India
|
SBI Infra Management Solutions Private Limited
|
|
15 |
Nepal SBI Merchant Banking Limited |
Nepal
|
Nepal SBI Merchant Banking Limited
|
| Banking Subsidiaries | |||
|
1 |
Commercial Indo Bank Limited Liability Company, Moscow |
Russia
|
Commercial Indo Bank Limited Liability Company, Moscow
|
|
2 |
Nepal SBI Bank Ltd |
Nepal
|
|
| 3 | Bank SBI Botswana Ltd. | Botswana | Bank SBI Botswana Ltd. |
|
4 |
SBI (California) |
USA
|
|
|
5 |
SBI Canada Bank |
Canada
|
|
|
6 |
Bank SBI Indonesia PT |
Indonesia
|
|
|
7 |
SBI (Mauritius) Ltd |
Mauritius
|
|
|
8 |
SBI (UK) Ltd. |
UK
|
|
| Joint Ventures | |||
|
1 |
C-Edge Technologies Limited |
India
|
|
|
2 |
JIO Payments Bank Limited |
India
|
|
|
3 |
SBI Macquarie Infrastructure Management Pvt. Ltd. |
India
|
SBI Macquarie Infrastructure Management Pvt. Ltd.
|
|
|
3.1 SBI Macquarie Infrastructure Trustee Pvt. Ltd. |
India
|
SBI Macquarie Infrastructure Trustee Pvt. Ltd.
|
|
4 |
Oman India Joint Investment Fund – Management Company Pvt. Ltd. |
India
|
Oman India Joint Investment Fund - Management Co. Pvt. Ltd.
|
|
5 |
Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. |
India
|
Oman India Joint Investment Fund - Trustee Co. Pvt. Ltd.
|
|
6 |
Macquarie SBI Infrastructure Management Pte. Ltd. |
Singapore
|
Macquarie SBI Infrastructure Management Pte. Ltd.
|
|
7 |
Macquarie SBI Infrastructure Trustee Ltd. |
Bermuda
|
Macquarie SBI Infrastructure Trustee Ltd.
|
| Associates: Regional Rural Banks (RRBs) | |||
|
1 |
Andhra Pradesh Grameena Vikas Bank |
India
|
Andhra Pradesh Grameena Vikas Bank
|
|
2 |
Arunachal Pradesh Rural Bank |
India
|
|
|
3 |
Chhattisgarh Rajya Gramin Bank |
India
|
Chhattisgarh Rajya Gramin Bank
|
|
4 |
Ellaquai Dehati Bank, Srinagar |
India
|
Ellaquai Dehati Bank, Srinagar
|
|
5 |
Madhyanchal Gramin Bank |
India
|
|
|
6 |
Meghalaya Rural Bank |
India
|
|
|
7 |
Mizoram Rural Bank |
India
|
|
|
8 |
Nagaland Rural Bank |
India
|
|
|
9 |
Saurashtra Gramin Bank |
India
|
|
|
10 |
Utkal Grameen Bank |
India
|
|
|
11 |
Uttarakhand Gramin Bank |
India
|
|
|
12 |
Jharkhand Rajya Gramin Bank |
India
|
|
|
13 |
Rajasthan Marudhara Gramin Bank |
India
|
Rajasthan Marudhara Gramin Bank
|
|
14 |
Telangana Grameena Bank |
India
|
|
| Associates: Others | |||
|
1 |
The Clearing Corporation of India Ltd. |
India
|
The Clearing Corporation of India Ltd.
|
|
2 |
Yes Bank Ltd. |
India
|
|
|
3 |
Bank of Bhutan Ltd. |
Bhutan
|
|
|
4 |
Investec Capital Services (India) Pvt. Ltd. |
India
|
Investec Capital Services (India) Private Limited
|
| Non-Banking Subsidiaries | |||
|---|---|---|---|
| S. No. | Name of Subsidiary | Country of Incorporation | # |
|
1 |
SBI Capital Markets Limited |
India
|
SBI Capital Markets Limited (Consolidated)
SBI Capital Markets Limited (Standalone)
|
|
|
1.1 SBICAP Securities Limited (SSL) |
India
|
SBICAP Securities Limited (SSL)
|
|
|
1.2 SBICAP Ventures Limited (SVL) |
India
|
|
|
|
1.3 SBICAP (Singapore) Limited (SSGL) |
Singapore
|
SBICAP (Singapore) Limited (SSGL)
|
|
|
1.4 SBICAP Trustee Company Limited (STCL) |
India
|
SBICAP Trustee Company Limited (STCL)
|
|
2 |
SBI DFHI Limited |
India
|
|
|
3 |
SBI Mutual Fund Trustee Company Private Limited |
India
|
SBI Mutual Fund Trustee Company Private Limited
|
|
4 |
SBI Global Factors Limited |
India
|
|
|
5 |
SBI Pension Funds Private Limited |
India
|
SBI Pension Funds Private Limited
|
|
6 |
SBI Payment Services Limited |
India
|
|
|
7 |
SBI Life Insurance Company Limited |
India
|
SBI Life Insurance Company Limited
|
|
8 |
SBI General Insurance Company Limited |
India
|
SBI General Insurance Company Limited
|
|
9 |
SBI Cards & Payment Services Private Limited |
India
|
SBI Cards & Payment Services Private Limited
|
|
10 |
SBI-SG Global Securities Services Private Limited |
India
|
SBI-SG Global Securities Services Private Limited
|
|
11 |
SBI Funds Management Private Limited |
India
|
SBI Funds Management Private Limited (Consolidated)
|
|
|
11.1 SBI Funds Management (International) Private Limited |
Mauritius
|
SBI Funds Management (International) Private Limited
|
|
12 |
SBI Servicos Limitada, Brazil |
Brazil
|
|
| 13 | SBI Foundation | India | SBI Foundation |
| 14 | SBI Infra Management Solutions Private Limited | India | SBI Infra Management Solutions Private Limited |
| Banking Subsidiaries | |||
|
1 |
Commercial Indo Bank Llc, Moscow |
Russia
|
Commercial Indo Bank Llc, Moscow
|
|
2 |
Nepal SBI Bank Ltd |
Nepal
|
|
|
|
2.1 Nepal SBI Merchant Banking Limited |
Nepal
|
Nepal SBI Merchant Banking Limited
|
|
3 |
Bank SBI Botswana Ltd |
Botswana
|
|
|
4 |
SBI (California) |
USA
|
|
|
5 |
SBI Canada Bank |
Canada
|
|
|
6 |
Bank SBI Indonesia PT |
Indonesia
|
|
|
7 |
SBI (Mauritius) Ltd |
Mauritius
|
|
| 8 | SBI (UK) Ltd. | UK | SBI (UK) Ltd |
| Joint Ventures | |||
|
1 |
C-Edge Technologies Limited |
India
|
|
|
2 |
JIO Payments Bank Ltd |
India
|
|
|
3 |
SBI Macquarie Infrastructure Management Pvt. Ltd. |
India
|
SBI Macquarie Infrastructure Management Pvt. Ltd.
|
|
|
3.1 SBI Macquarie Infrastructure Trustee Pvt. Ltd. |
India
|
SBI Macquarie Infrastructure Trustee Pvt. Ltd.
|
|
4 |
Oman India Joint Investment Fund – Management Company Pvt. Ltd. |
India
|
Oman India Joint Investment Fund – Management Company Pvt. Ltd.
|
|
5 |
Oman India Joint Investment Fund – Trustee Company Pvt. Ltd. |
India
|
Oman India Joint Investment Fund – Trustee Company Pvt. Ltd.
|
|
6 |
Macquarie SBI Infrastructure Management Pte. Ltd. |
Singapore
|
Macquarie SBI Infrastructure Management Pte. Ltd.
|
|
7 |
Macquarie SBI Infrastructure Trustee Ltd. |
Bermuda
|
Macquarie SBI Infrastructure Trustee Ltd.
|
| Banking Subsidiaries | |||
|
1 |
Andhra Pradesh Grameena Vikas Bank |
India |
|
|
2 |
Arunachal Pradesh Rural Bank |
India |
|
|
3 |
Chhattisgarh Rajya Gramin Bank |
India |
|
|
4 |
Ellaquai Dehati Bank |
India |
|
|
5 |
Madhyanchal Gramin Bank |
India |
|
|
6 |
Meghalaya Rural Bank |
India |
|
|
7 |
Mizoram Rural Bank |
India |
|
|
8 |
Nagaland Rural Bank |
India |
|
|
9 |
Saurashtra Gramin Bank |
India |
|
|
10 |
Utkal Grameen Bank |
India |
|
|
11 |
Uttarakhand Gramin Bank |
India |
|
|
12 |
Jharkhand Rajya Gramin Bank |
India |
|
|
13 |
Rajasthan Marudhara Gramin Bank |
India |
|
|
14 |
Telangana Grameena Bank |
India |
|
|
15 |
The Clearing Corporation of India Ltd. |
India |
|
|
16 |
Yes Bank Ltd. |
India |
|
|
17 |
Bank of Bhutan Ltd. |
Bhutan |
|
| (A) Domestic Subsidiaries | ||
|---|---|---|
| Non-Banking Subsidiaries | ||
|
1 |
SBI Capital Markets Limited |
SBI Capital Market Limited (Consolidated) |
|
|
1.1 SBICAP SECURITIES LIMITED (SSL) |
|
|
|
1.2 SBICAP VENTURES LIMITED (SVL) |
|
|
|
1.3 SBICAP (UK) LIMITED (SUL) |
|
|
|
1.4 SBICAP (SINGAPORE) LIMITED (SSGL) |
|
|
|
1.5 SBICAP TRUSTEE CO. LIMITED (STCL) |
|
|
2 |
SBI DFHI Limited |
|
|
3 |
SBI Mutual Fund Trustee Company Private Limited |
|
|
4 |
SBI Global Factors Limited |
|
|
5 |
SBI Pension Funds Private Limited |
|
|
6 |
SBI Foundation |
|
|
7 |
SBI Infra Management Solutions Private Limited |
|
| Non-Banking Subsidiaries: Joint Ventures | ||
|
1 |
SBI Funds Management Private Limited |
|
|
2 |
SBI Cards & Payment Services Private Limited |
|
|
3 |
SBI Life Insurance Company Limited |
|
|
4 |
SBI-SG Global Securities Services Private Limited |
|
|
5 |
SBI General Insurance Company Limited |
|
|
6 |
SBI Payment Services Private Limited |
|
|
7 |
C-Edge Technologies Limited |
|
|
8 |
JIO Payments Bank Ltd |
|
| (B) Overseas Banking Subsidiaries | ||
|
1 |
Commercial Indo Bank LLC, Moscow |
|
|
2 |
Nepal SBI Bank Ltd |
|
|
3 |
SBI UK Ltd |
|
|
4 |
Bank SBI Botswana Ltd |
|
|
5 |
SBI (California) |
|
|
6 |
SBI Canada Bank |
|
|
7 |
Bank SBI Indonesia PT |
|
|
8 |
SBI (Mauritius) Ltd |
|
|
9 |
SBI Servicos Limitada, Brazil |
|
| (A) Domestic Subsidiaries | ||
|---|---|---|
| Non-Banking Subsidiaries | ||
|
1 |
SBI Capital Markets Limited |
SBI Capital Market Limited (Consolidated) |
|
|
1.1 SBICAP SECURITIES LIMITED (SSL) |
|
|
|
1.2 SBICAP VENTURES LIMITED (SVL) |
|
|
|
1.3 SBICAP (UK) LIMITED (SUL) |
|
|
|
1.4 SBICAP (SINGAPORE) LIMITED (SSGL) |
|
|
|
1.5 SBICAP TRUSTEE CO. LIMITED (STCL) |
|
|
2 |
SBI DFHI Limited |
|
|
3 |
SBI Mutual Fund Trustee Company Private Limited |
|
|
4 |
SBI Global Factors Limited |
|
|
5 |
SBI Pension Funds Private Limited |
|
|
6 |
SBI Foundation |
|
|
7 |
SBI Infra Management Solutions Private Limited |
|
| Non-Banking Subsidiaries: Joint Ventures | ||
|
1 |
SBI Funds Management Private Limited |
|
|
2 |
SBI Cards & Payment Services Private Limited |
|
|
3 |
SBI Life Insurance Company Limited |
|
|
4 |
SBI-SG Global Securities Services Private Limited |
|
|
5 |
SBI General Insurance Company Limited |
|
|
6 |
SBI Business Process Management Services Private Ltd |
|
|
7 |
SBI Payment Services Private Limited |
|
| (B) Overseas Banking Subsidiaries | ||
|
1 |
Commercial Indo Bank LLC, Moscow |
|
|
2 |
Nepal SBI Bank Ltd |
|
|
3 |
SBI UK Ltd |
|
|
4 |
Bank SBI Botswana Ltd |
|
|
5 |
SBI (California) |
|
|
6 |
SBI Canada Bank |
|
|
7 |
Bank SBI Indonesia PT |
|
|
8 |
SBI (Mauritius) Ltd |
|
Last Updated On : Friday, 29-05-2026
