STATE BANK

State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list.[11] It is a public sector bank and the largest bank in India[12] with a 23% market share by assets and a 25% share of the total loan and deposits market.[13] It is also the tenth largest employer in India with nearly 250,000 employees.[14][15][16] In 2024, the company’s seat in Forbes Global 2000 was 55.[17]

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STATE BANK SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Mongolia
ULAANBAATAR
/
STBMMNUB
2
Mongolia
ULAANBAATAR
/
STBMMNUBXXX
  • Total: 2
  • 1

About STATE BANK

  • Company type
    Public
  • Industry
    Banking , financial services
  • Founded
    1 July 1955 ; 69 years ago ( 1955-07-01 ) State Bank of India 27 January 1921 ( 1921-01-27 ) Imperial Bank of India 2 June 1806 ( 1806-06-02 ) Bank of Calcutta 15 April 1840 ( 1840-04-15 ) Bank of Bombay 1 July 1843 ( 1843-07-01 ) Bank of Madras
  • Headquarters
    State Bank Bhawan, M.C. Road, Nariman Point , Mumbai , Maharashtra , India
  • Key people
    Challa Sreenivasulu Setty ( Chairman ) [ 1 ] Kameshwar Rao Kodavanti ( CFO ) [ 2 ]
  • Products
    Retail banking Corporate banking Investment banking Mortgage loans Private banking Wealth management Risk management Asset management Investment management Mutual funds Exchange-traded funds Index funds Credit cards Insurance
  • Revenue
    ₹ 4.39 lakh crore (US$51 billion) [ 3 ] (2024)
  • Number of employees
    2,32,296 (31 March 2024) [ 5 ]
  • Website
    sbi .co .in bank .sbi onlinesbi .sbi

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Ano ang isang SWIFT code?

Ang isang SWIFT code ay isang 8 o 11 character code na ginagamit sa bangko upang mapadali ang mga transaksyon at kilalanin ang bangko.
Ano ang layunin ng isang SWIFT code sa internasyonal na mga transaksyon?

Ano ang layunin ng isang SWIFT code sa internasyonal na mga transaksyon?

Ang SWIFT codes ay ginagamit upang i-route ang internasyonal na mga transaksyon sa tamang bangko at branch. Ito ay nagpapadali ng mabilis at tama na paglilipat ng pondo sa pagitan ng iba't ibang bangko at bansa, tiyak na ang mga transaksyon ay naiproseso nang tama at ligtas.

Paano ko mahanap ang SWIFT code ng aking bangko?

Makikita mo ang SWIFT/BIC code ng iyong bangko sa mga statement ng iyong bank account. Maaari mo ring gamitin ang aming SWIFT/BIC finder para makuha ang tamang code para sa iyong paglilipat.
Paano ko mahanap ang SWIFT code ng aking bangko?

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Frequently Asked Questions

1. Why does STATE BANK have different SWIFT Codes?

STATE BANK operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process STATE BANK's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of STATE BANK to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of STATE BANK, you can log on to the official website of STATE BANK, or search the current page of XTransfer, or call STATE BANK to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like STATE BANK?

Usually, SWIFT Code consists of 8 or 11 characters. For STATE BANK, the first 4 digits represent the bank code, which is the same for STATE BANK worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for STATE BANK be updated or changed?

Yes. When STATE BANK undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where STATE BANK is located, its SWIFT Code may be updated and changed. STATE BANK will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of STATE BANK in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of STATE BANK support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of STATE BANK supports the corresponding business.