State Bank of India

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State Bank of India (SBI) is the largest state-owned banking and financial services company in India. Founded in 1955 and headquartered in Mumbai, the bank is "actively involved since 1973 in non-profit activity called Community Services Banking."[1]

Record and Controversies

Revolving Door

  • Arun Ramanathan, a director since January 2008, is Secretary of the Department of Financial Services at the Indian Ministry of Finance.[2]


Revolving Door.jpg This article is part of the Revolving Door project of Spinwatch.



  1. State Bank of India, About us, accessed 06 February 2011.
  2. Bloomberg Businessweek, State Bank of India > Arun Ramanathan IAS, accessed 06 February 2011.