The State Bank of India (SBI) Canada, a subsidiary of SBI, operates as a Schedule II bank under Canadian banking regulations. While it doesn’t have a standalone country ranking, its parent bank, SBI, is ranked 221st on the Fortune Global 500 list (2023) and holds the 48th position among global banks by total assets. SBI Canada focuses on retail banking, loans, and remittance services for the Indian diaspora. Its performance is tied to SBI’s international reputation rather than independent rankings in Canada, where it remains a niche player compared to domestic giants like RBC or TD Bank.
