The State Bank of India (SBI) is one of the oldest banks in India. It has a history dating back to the early 19th century and is seen as a pillar of the countrys banking history and development. With more than 500 million account holders SBI is dubbed the nations treasure. But few people are aware of its beginning. Rs 62900000000000 in deposits this bank is called ‘the nation’s vault’ due to... it is owned... According to the Zee report in 1798 Richard Wellesley came to India as the Governor-General of the East India Company. The following year he took on Mysore defeating Tipu Sultan and the Second Anglo-Maratha War began. During the war to supplement the British armed forces financially the East India Company instituted a financial system wherein Indian dollars went through this bank to England reached England and then came before returning to India for use against the Indian people. Once the war ended the British put this system into practice as an official bank. In 1806 the Brits called this funding institution the Bank of Calcutta. State Bank of India(SBI) is owned by... In 1809 the British renamed the bank to the Bank of Bengal and before long branches began to open in various areas of the region. Later the control of the bank was transferred to the British Crown (in England). The British also established the Bank of Bombay in 1840 and then the Bank of Madras in 1843. These three banks were merged in 1921 resulting in the Imperial Bank of India. After India became independent from British rule in 1955 it changed its name from Imperial Bank of India to the State Bank of India (SBI). Now the bank is owned by the Government of India but its origins were from the British era. SBI has branches not only in India but also in numerous countries. Over many years the bank has absorbed many other banks and SBI has more than 500 million customers today. The bank has a huge network from important international cities to remote Indian villages. SBI acts like the backbone of the financial structures in India and adds growth internationally in addition to rural and urban areas. SBIs loaning process has a significant impact in terms of Indias economy. SBIs oldest branch Going by the Zeenews reports the State Bank of India (SBI)’s Raisina Road branch in New Delhi is now more than a century old. Once upon a time it held the accounts of many of the leading dignitaries of India and Pakistan. The branch even has many bank accounts that are older than 100 years old and are still preserved. The branch opened on January 4 1926 and now contributes almost 14 % of the total business for SBI Delhi Circle which is close to Rs  70000 crore. SBI is also still Indias largest bank with a 23 % share of the entire banking system in India and a market share of about 25 % in total advances and deposits. As of the fiscal year ending March 31 2025 the State Bank of India (SBI) reported total deposits amounting to Rs 629680 crore (approximately Rs 6.29 lakh crore).