State Bank of India (SBI) is the nation's largest and oldest bank, tracing its roots back some 200 years to the British East India Company (and initially established as the Bank of Calcutta in 1806). Boasting assets of nearly $400 billion, the bank operates more than 16,300 branches within India and more than 190 branches in over 30 foreign countries, including multiple locations in the US, Canada, and Nigeria. It also owns majority stakes in five associate banks in India. The bank has other units devoted to capital markets, fund management, factoring and commercial services, credit cards, insurance, and brokerage services. The
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