Sanjay Naik

State Bank of India has been operating in the UK for over 100 years and has become the largest Indian bank in the country. State Bank of India (UK) Ltd. is based in London, UK. State Bank of India (UK) Ltd. is a Fortune 500 British company with a 200-year heritage. It is the largest commercial bank in India in terms of assets, deposits, branches, customers, and employees. The government of India is the largest shareholder, holding over 56% stake. The company offers a range of retail and wholesale banking services. In 2018, State Bank of India (UK ringfenced and subsidiarised its retail franchise, SBI (UK) Limited, which has 11 branches across the UK. SBI (UK) Limited provides a high street banking experience and offers various products such as savings accounts, business accounts, commercial lending, mortgages, safe deposit lockers, fixed deposits, cash ISAs, and money transfers to India. The company is ultimately controlled by the Government of India.