Which is the Largest Commercial Bank of India?

By Esha Dhawan|Updated : July 1st, 2022

A commercial bank is a financial institution that carries all the operations revolving around the withdrawal and deposit of money, giving loans to people for investing and much more. Simply put, these banks are profit-making institutions that work only to generate profits. Now that you know what a commercial bank is, can you tell which is the largest commercial bank of India? The answer is the State Bank of India.

Answer:

State Bank of India is the largest commercial bank in India

The headquarters of the State Bank of India, which is the largest commercial bank of India is located in the city of Mumbai in Maharashtra. This public-sector bank is a profit-driven enterprise that has 57 zonal offices and 16 regional hubs spread all over India. 

Moreover, SBI has spread its reach over 7 other banks since the year 1960. These banks used to be the regional banks of the former princely states of India. Now, these banks are renamed as:

  • State Bank of Indore or SBN
  • State Bank of Mysore or SBM
  • State Bank of Patiala or SBP
  • State Bank of Saurashtra or SBS
  • State Bank of Hyderabad or SBH
  • State Bank of Travancore or SBT
  • State Bank of Bikaner and Jaipur or SBBJ

Primary Functions of a Commercial Bank

Since you know which is the largest commercial bank of India, let’s find out what are the functions of a commercial bank:

  • Crediting cash
  • Accepting cash deposit
  • Providing loans as well as advances
  • Providing locker facilities
  • Paying and collecting the credit
  • Overdraft facility
  • Buying and selling securities
  • Discounting the exchange bills

Summary:

Which is the Largest Commercial Bank of India?

People are often unaware of which is the largest commercial bank of India. The answer to this question is the State Bank of India (SBI). SBI is a public sector bank and a profit-making organisation that provides its facilities to the general public of India. 

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