Affiliates - Affiliates

Subsidiaries/Joint Ventures

1. SBI LIFE INSURANCE COMPANY LIMITED (SBI-LIFE)

SBI Life Insurance , one of the most trusted life insurance companies in India, was  incorporated in October 2000 and was registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001. Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions. Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors, and employees alike. For more information, please visit: www.sbilife.co.in

2. SBI GENERAL INSURANCE COMPANY LIMITED (SBI GENERAL)

SBI General is one of the fastest growing private general insurance companies, with the strong parentage of SBI.  We, at SBI General Insurance, are committed to carry forward the legacy of trust and security and have a vision to become the most trusted general insurer for a transforming India

Ever since our establishment in 2009, our growth has been exponential in various aspects. We have expanded our presence from 17 branches in 2011 to over 139 branches pan-India. Till date, we have served over 10 crores customers. We have been awarded ‘Insurer of the Year’ in the non-life category at FICCI Insurance Industry Awards, for two consecutive years in 2020 & 2021. In 2022, recognized as the 'Best General Insurance Company of the Year' at the 'Third Emerging Asia Insurance Awards' organized by the 'Indian Chamber of Commerce'.

We have a robust multi-distribution model encompassing Bancassurance, Agency, Broking, Retail Direct Channels and Digital tie-ups. The widespread network of distributors like 22000 plus SBI branches, Agents, other financial alliances, OEMs, and multiple digital partners enable us to extend our reach to the pocketed remote areas of India. We offer a bouquet of products spread across various lines of businesses that cater to customers across all segments like Retail, Corporate, SME and Rural, ensuring accessibility via i.e., digital as well as physical modes.

SBI General Insurance reported a 11% growth in Gross Written Premium (GWP) in FY 2021-22 and the GWP stood at INR 9260 crore. With the increasing need of health insurance, we have a very channelized strategy for health insurance business, which has reflected in 50% growth in health insurance GWP for the FY2021-22.

For more information, please visit:  www.sbigeneral.in

3. SBI CARDS AND PAYMENT SERVICES LIMITED (SBICPSL)

SBI Cards and Payment Services Limited (SBICPSL) is a subsidiary of State Bank of India. SBI Cards and Payment Services Limited (“SBI Card”) is a non-banking financial company and is India’s largest pure play credit card issuer with a base of over 15.5 million cards in force, as of December 2022. SBI Card offers extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel & fuel, and banking partnership cards along with corporate cards, covering all major cardholders’ segments in terms of income profile and lifestyle. The company has diversified customer acquisition network that enables it to engage prospective customers across multiple channels.

For more information, please visit : https://www.sbicard.com

4. SBI FUNDS MANAGEMENT LIMITED(SBIFML)

With 35 years of rich experience in fund management, we at SBI Funds Management Ltd. (SBIFML) bring forward our expertise by consistently delivering value to our investors. We have a strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest bank. We are a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies. Our aim is to offer diversified asset management solutions and help our varied base of investors achieve their financial goals.

For more information, please visit www.sbimf.com

5. SBI CAPITAL MARKETS LIMITED ( SBICAPS)

SBICAPS is India’s leading investment banker, offering a bouquet of investment banking and corporate advisory services to diversified clients across three product groups - Project Advisory and Structured Finance, Equity Capital Markets and Debt Capital Markets. These services include Project Advisory, Loan Syndication, Structured Debt Placement, Mergers and Acquisitions, Private Equity, Restructuring Advisory, ESG Advisory, Stressed Assets Resolution, IPO, FPO, Rights Issues, Debt, Hybrid Capital raising, InvIT advisory, REIT advisory and COC advisory (Committee of Creditors).

For more information, please visit  www. sbicaps.com

6. SBICAP Securities Ltd (SSL)

SSL, a wholly owned subsidiary of SBI Capital Markets Ltd, is the retail broking arm of the SBI Group. SSL offers its customers a variety of products and services to choose from – such as Equity, Derivatives, Mutual Funds, Insurance Products, Corporate FDs etc. through state of art trading platform on mobile app, website and through dealer terminal. SSL is also a captive sourcing arm of the State Bank of India for sourcing Home Loan and Auto Loan business.

For more information please visit www.sbisecurities.in

7. SBICAP Ventures Limited (SVL)

SVL is SBI’s Asset Management Arm handling alternate investments and one of India’s fastest growing asset managers in this space. Set up in year 2005, SVL is a wholly owned subsidiary of SBI Capital Markets Limited.

SVL currently manages 3 Alternate Investment Funds (AIF) with aggregate committed capital of INR 17,500 crores. SVL has a successful track record of investing pan-India in stressed residential real estate and MSME sector including renewable energy, waste management and climate related investments. SVL is also fund manager to three Fund of Funds with target corpus of INR 15,000 crores with principal focus on MSME sector.

Major global investment partners of SVL includes Foreign and Commonwealth Development Organization (FCDO) of UK Government, European Investment Bank (EIB) and Japan International Cooperation Agency (JICA).

For more information, please visit https://sbicapventures.com/

8. SBICAP TRUSTEE COMPANY LIMITED (STCL)

STCL is a wholly owned subsidiary of SBI Capital Markets Limited (SBICAP) which in turn is a wholly owned subsidiary of State Bank of India (SBI).
STCL is registered with Securities and Exchange Board of India (SEBI) to act as a Debenture Trustee. It offers a whole bouquet of services viz. Security Trusteeship, Debenture Trusteeship, Alternate Investment Fund Trusteeship, Share Pledge Trusteeship, Escrow Trusteeship, Facilitator for the execution of Will, Safe Keeper, Virtual Data Room Services, Facility Agent, etc
It is guided by the principle of Long-Term Relationship, Fairness & Transparency in all transactions and Customer Delight. Customer Satisfaction is our main motto which is achieved with Professional Competence and leveraging digital technology.

For more information, please visit  www. sbicaptrustee.com

9. SBI SG GLOBAL SECURITIES SERVICES PRIVATE LIMITED (SBI-SG)

SBI-SG, a joint venture between State Bank of India (SBI) and Société Générale (SG) with 65% holding by SBI. The Company was set up to offer high quality custodial and fund accounting services to domestic and foreign institutional investors supplemented by the bouquet of premier banking services of SBI. SBI- SG commenced commercial operations in 2010. It is among the top 5 Custodians and among the top 2 in Fund Accounting services in India. SBISG is ISO 9001 : ISO 27001 certified and has been acclaimed for its services. SBI-SG has also won the coveted Award in Global Custodian Mutual Fund Administration Survey 2022 and has been recognized as Category Outperformer & Global Outperformer at Agent Banks in Emerging Markets (ABEM) 2022, for Custody services.

For more information, please visit  www.sbisgcsl.co.in

10. SBI DFHI LIMITED (SBI DFHI)

SBI DFHI Limited is one of the largest standalone Primary Dealers (PD) with a pan India presence. As a Primary Dealer (PD) it is mandated to support the book building process in primary auctions and provide depth and liquidity to secondary markets in G-Sec. Besides Government securities, it also deals in money market instruments, non-G-Sec debt instruments, amongst others. As a PD, its business activities are regulated by RBI.

For more information, please visit  www.sbidfhi.com

11. SBI Payment Services Pvt Ltd. (SBI Payments)

SBI Payment Services Pvt. Ltd. (SBI Payments) SBI became the first public sector bank to form an exclusive Joint Venture i.e., SBI Payments for merchant acquiring business and holds 74% stake in the company. SBI Payments is one of the largest acquirers of the country with presence across more than 5000 centres PAN India. The objective is to create a state-of-the-art acceptance ecosystem in all geographies of the country and enable the merchants to accept payments digitally through various form factors such as PoS, Bharat QR, BHIM-Aadhaar, NETC, Soft PoS etc.

For more information, please visit: https://www.sbipayments.com/

12. SBI GLOBAL FACTORS LIMITED (SBIGFL)

SBIGFL is a leading provider of factoring services for domestic and international trade. It is a wholly owned subsidiary of State Bank of India. The Company’s services are especially suitable for MSME clients for freeing up resources locked in book debts. The Company is actively participating in bidding on the TReDS platforms. By virtue of its membership of Factors Chain International (FCI), the Company can ameliorate credit risk from export receivables under the 2-factor model.

For more information, please visit https://www.sbiglobal.in

13. SBIPENSION FUNDS PRIVATE LIMITED

SBIPFPL has been appointed as the Pension Fund Manager (PFM) along with 9 (Nine) others to manage the pension corpus under National Pension System (NPS). SBIPFPL is one of the 3 (three) PFMs appointed by the Pension Fund Regulatory & Development Authority (PFRDA) for management of Pension Funds under the NPS for Central Government (except Armed Forces) and State Government employees and one of the 10 (Ten) PFMs appointed for management of Pension Funds under the Private Sector.

For more information, please visit  http://www.sbipensionfunds.com

14. STATE BANK OPERATIONS SUPPORT SERVICES PVT. LTD. (SBOSS)

State Bank Operations Support Services Pvt Ltd (SBOSS) is a wholly owned subsidiary of SBI set up in July 2022 , for providing operations support services at RUSU branches of SBI. The company has its Registered Office at New Delhi.

The company has developed a robust Pan India “High Tech”, “High Touch” and “Low Cost” model for providing multidimensional support to operations in Agri & SME segments. It has adopted appropriate technologies to provide doorstep services to customers / borrowers of the Bank in RUSU areas. It facilitates greater Financial Inclusion through appropriate credit linkages for meeting our national development goals.

For more information, please visit  http://www.sboss.net.in