SBI has a strong international presence through its overseas banking subsidiaries and associate companies. The bank fully owns operations in California, Canada, the United Kingdom, and Moscow. It also holds major stakes in PT Bank SBI Indonesia (99%), SBI (Mauritius) Limited (96.60%), and Nepal SBI Bank Limited (55%). Additionally, SBI has a 20% stake in Bank of Bhutan Limited. In the non-banking segment, SBI owns 99.99% of State Bank of India Services Limitada in Brazil, further expanding its global footprint.
| SBI Ownership (%) | Overseas Entity |
|---|---|
| 100% | State Bank of India (California) |
| 100% | SBI Canada Bank |
| 100% | State Bank of India (UK) Limited |
| 100% | Commercial Indo Bank LLC, Moscow |
| 99% | PT Bank SBI Indonesia |
| 96.60% | SBI (Mauritius) Limited |
| 55% | Nepal SBI Bank Limited |
| 55% | Nepal SBI Merchant Banking Limited |
| 20% | Bank of Bhutan Limited |
| 99.99% | State Bank of India Services Limitada, Brazil |
SBI ownership in Subsidiaries
The State Bank of India (SBI) is not only India’s largest public sector bank but also has a strong presence in insurance, mutual funds, payment services, capital markets, technology, and infrastructure through its various subsidiaries and joint ventures.
SBI owns several companies completely, while it also holds majority or minority stakes in many other businesses. These companies help SBI provide a wide range of financial and non-financial services to customers across India and abroad.
| SBI Ownership (%) | Company / Subsidiary |
|---|---|
| 100% | SBI Capital Markets Limited |
| 100% | SBICAP Securities Limited |
| 100% | SBICAP Trustee Company Limited |
| 100% | SBI Ventures Limited |
| 100% | SBI Mutual Fund Trustee Company Private Limited |
| 100% | State Bank Operations Support Services Pvt. Ltd. |
| 100% | SBI Factors Limited |
| 80% | SBI Pension Funds Private Limited |
| 74% | SBI Payment Services Private Limited |
| 69.04% | SBI DFHI Limited |
| 73.87% | SBI General Insurance Company Limited |
| 68.58% | SBI Cards & Payment Services Limited |
| 65% | SBI-SG Global Securities Services Private Limited |
| 61.86% | SBI Funds Management Limited |
| 61.86% | SBI Funds Management (International) Private Limited |
| 61.86% | SBI Fund International (IFSC) Limited |
| 100% | SBI CDMDF Trustee Pvt. Ltd. |
| 55.33% | SBI Life Insurance Company Limited |
| 50% | Oman India Joint Investment Fund-Management Company Private Limited |
| 50% | Oman India Joint Investment Fund-Trustee Company Private Limited |
| 49% | C-Edge Technologies Limited |
| 45% | SBI Macquarie Infrastructure Management Private Limited |
| 45% | SBI Macquarie Infrastructure Trustee Private Limited |
| 45% | Macquarie SBI Infrastructure Management Pte. Ltd. |
| 45% | Macquarie SBI Infrastructure Trustee Ltd. |
Wholly Owned Subsidiaries
SBI has full ownership (100%) in several companies. These include SBI Capital Markets Limited, SBI Ventures Limited, SBI Mutual Fund Trustee Company Private Limited, State Bank Operations Support Services Pvt. Ltd., SBI Factors Limited, and SBI CDMDF Trustee Pvt. Ltd. Through SBI Capital Markets, the bank also fully owns SBICAP Securities Limited and SBICAP Trustee Company Limited.
These companies support SBI in investment banking, securities services, venture capital, mutual fund operations, business support services, and factoring services.
Majority-Owned Subsidiaries
SBI holds majority stakes in several important financial institutions. It owns 73.87% of SBI General Insurance Company Limited, 69.04% of SBI DFHI Limited, 68.58% of SBI Cards & Payment Services Limited, and 65% of SBI-SG Global Securities Services Private Limited.
The bank also owns 61.86% of SBI Funds Management Limited, which includes SBI Funds Management (International) Private Limited and SBI Fund International (IFSC) Limited. In addition, SBI holds a 55.33% stake in SBI Life Insurance Company Limited.
These companies play a major role in insurance, asset management, credit cards, securities services, and treasury operations.
Other Significant Investments
SBI owns 80% of SBI Pension Funds Private Limited and 74% of SBI Payment Services Private Limited. These investments help the bank strengthen its presence in pension fund management and digital payment services.
Joint Ventures and Associate Companies
SBI also participates in several joint ventures. It holds a 50% stake in Oman India Joint Investment Fund-Management Company Private Limited and Oman India Joint Investment Fund-Trustee Company Private Limited.
The bank owns 49% of C-Edge Technologies Limited, a technology company providing banking and financial technology solutions.
In the infrastructure sector, SBI holds a 45% stake in SBI Macquarie Infrastructure Management Private Limited, SBI Macquarie Infrastructure Trustee Private Limited, Macquarie SBI Infrastructure Management Pte. Ltd., and Macquarie SBI Infrastructure Trustee Ltd.
