State Bank of India (SBI) was incorporated on 20 December 1996 in South Africa and obtained its certificate to commence business on the same day. The bank has operations in South Africa for the last 25 years and operates from Johannesburg and Durban branches. It is one of the financial services providers licensed by South African Reserve Bank (SARB).

The Bank offers variety of products and services to its customers in the area of retail banking, wholesale banking, trade finance, treasury and remittances.

The South African operations of SBI is headed by Country Head & CEO and supported by a team of Senior management with oversight functions of credit management, operations, treasury, risk management, compliance, audit, IT, HR.