5 Indian Companies Among World's Most Valuable Brands


3. State Bank of India (SBI)
Ranking in 2013: 176
Brand value in 2013: $5.99 billion

State Bank of India (SBI) is the largest and the most trusted name in India’s banking and financial sector. With its headquarter in Mumbai, SBI has expanded their grip to more than 15,000 branches which includes assets worth $501 billion and 157 foreign offices.

The history of SBI lies in the nineteenth century. The ‘Bank of Calcutta’ was established on June 2, 1806 and was later named as ‘Bank of Bengal’. Along with ‘Bank of Bombay’ and ‘Bank of Madras’, ‘Bank of Bengal’ was the Presidency banks of India. These three banks had the governmental rights to issue paper currencies until the Indian Government overtook that right in 1861. Later in 1921, these three Presidency banks combined together to form the ‘Imperial Bank of India’.

The Reserve Bank of India acquired the Imperial Bank in 1955 and gave birth to the ‘State Bank of India’.  

Forbes named SBI as the twenty-ninth most reputed company in the world in 2009. Also, SBI was the only bank to make it to the list of ‘Top 10 Brands of India’ in 2010.

Also Read:
20 Casinos Where Losing Won't Make You Sad!
10 Popular Brands and Their Great Comeback Stories