where is the headquarter of the small industries development bank of india
Small Industries Development Bank of India Small Industries Development Bank of India (SIDBI) is a development financial institution in India headquartered at Lucknow. Set up on April 2, 1990 through an Act of Parliament, SIDBI acts as the Principal Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprises (MSME) sector and for co-ordination of functions of institutions engaged in similar activities.[1] SIDBI is active in the development of Micro Finance Institutions, rural enterprises promotion, direct assistance to MSEs and increasing and supporting the money supply to the MSE sector through its refinance programme.[2]
State Bank of India State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. On April 1, 2017, the State Bank of India, which was India's largest bank, merged with five of its associate banks (State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore), and with the Bharatiya Mahila Bank. This was the first ever large scale consolidation in the Indian banking industry. With the merger, SBI became one of the 50 largest banks in the world (balance sheet size of â‚¹33 trillion, 278,000 employees, 420 million customers, and more than 24,000 branches and 59,000 ATMs). SBI's market share was projected to increase to 22 percent from 17 per cent.[5] It has 198 offices in 37 countries; 301 correspondents in 72 countries.[6] The company is ranked 232nd on the Fortune Global 500 list of the world's biggest corporations as of 2016.[7]