The State Bank of India (SBI), India’s largest public sector bank, has established several subsidiaries and joint ventures to provide a wide range of financial services. These include services in insurance, mutual funds, asset management, cards and payments, and international banking. Below is a detailed list of SBI’s subsidiaries and joint ventures along with their shareholding percentages:
🏢 Non-banking Subsidiaries/Joint Ventures
Name Shareholding Percentage SBI Capital Markets Limited (includes SBICAP Securities, Ventures & Trustee Co.) 100% SBI Mutual Fund Trustee Company Private Limited 100% State Bank Operations Support Services Pvt. Ltd. 100% SBI Factors Limited 100% SBI Pension Funds Private Limited 92.40% SBI Payment Services Private Limited 74% SBI DFHI Limited 72.17% SBI General Insurance Company Limited 68.99% SBI Cards & Payment Services Limited 68.60% SBI-SG Global Securities Services Private Limited 65% SBI Funds Management Limited (and related entities) 61.98% SBI Life Insurance Company Limited 55.38% Oman India Joint Investment Fund – Management Co. Pvt. Ltd. 50% Oman India Joint Investment Fund – Trustee Co. Pvt. Ltd. 50% C-Edge Technologies Limited 49% Macquarie SBI Infrastructure Management Pte. Limited 45% SBI Macquarie Infrastructure Management Private Limited 45% SBI Macquarie Infrastructure Trustee Private Limited 45%
🌐 Overseas Banking Subsidiaries/Joint Ventures/Associates
Name Shareholding Percentage State Bank of India (California) 100% SBI Canada Bank 100% State Bank of India (UK) Limited 100% Commercial Indo Bank LLC, Moscow 100% PT Bank SBI Indonesia 99% SBI (Mauritius) Limited 96.60% Nepal SBI Bank Limited 55% Bank of Bhutan Limited 20%
🌍 Overseas Non-banking Subsidiary
Name Shareholding Percentage State Bank of India Servicos Limitada, Brazil 100%
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