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The State Bank of India was formed in 1955 through the nationalization and amalgamation of the Imperial Bank of India, which itself was formed in 1921 by merging the Bank of Bengal, Bank of Madras, and Bank of Bombay. SBI is headquartered in Mumbai, India and has over 14,800 domestic branches and 186 foreign branches, employing over 228,000 people. SBI operates several domestic and international banking subsidiaries that offer services including investment banking, asset management, life and general insurance, and credit cards.




