State Bank of India GDR (Reg S) (SID)

Profile

https://sbi.bank.in

State Bank of India GDR (Reg S) is a Global Depository Receipt representing shares in the State Bank of India, India's largest commercial bank established in 1955. This instrument allows international investors to gain exposure to SBI's equity without navigating the Indian domestic market directly, with each GDR equivalent to 10 underlying equity shares of INR 1 each. Issued under Regulation S for non-U.S. investors, it trades in US dollars on global exchanges, enhancing accessibility and liquidity for cross-border participation. State Bank of India provides comprehensive banking services including retail, corporate, and investment banking, significantly influencing India's financial services sector and broader economy. Headquartered in Mumbai at State Bank Bhavan, Nariman Point, the bank employs over 235,000 people and supports capital flows through these GDRs, enabling SBI to diversify its shareholder base and access international funding. This GDR underscores SBI's global market presence and pivotal role in regional banking.