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SBI Full Form – State Bank of India or SBI is an Indian nationalised bank and a PSU or Public Sector Undertaking. SBI is headed by the Ministry of Finance of the Government of India and regulated by RBI, the Central Bank of India. SBI Full Form - The full form of SBI is State Bank of India. Know more about SBI on this page by Careers360.com. In 1985, SBI acquired the Bank of Cochin in Kerala, which had 120 branches. SBI was the acquirer as its affiliate, the State Bank of Travancore, already had an extensive network in Kerala. In March 2001, SBI partnered with BNP Paribas to form a 76:24 joint venture life insurance company named SBI Life Insurance Company. The full form of SBI is the State Bank of India. The SBI offers a wide range of products and services, including savings and checking accounts, loans, credit cards, investment products, and more.