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PRESENTED BY: MUKESH MONIKAJAINENDRANEHA GUPTALAV MAURYAMANVENDRA SINGHHIMANSHUNEELABH
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ABOUT SBIState Bank of India welcomes you to explore the world of premier bank in India.
The Bank is actively involved since 1973 in non-profit activity called Community Services Banking.
SBI is the largest state-owned banking and financial services company in India. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banks, Bank of Calcutta and Bank of Bombay to form Imperial Bank of India, which in turn became State Bank of India.
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EVOLUTION OF SBI
The roots of the State Bank of India rest in the first decade of 19th century, when the Bank of Calcutta, later renamed the Bank of Bengal, was established on 2 June 1806. The Bank of Bengal and two other Presidency banks, namely, the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843). All three Presidency banks were incorporated as joint stock companies, and were the result of the royal charters. These three banks received the exclusive right to issue paper currency in 1861 with the Paper Currency Act, a right they retained until the formation of the Reserve Bank of India. The Presidency banks amalgamated on 27 January 1921, and the reorganized banking entity took as its name: Imperial Bank of India. The Imperial Bank of India remained a joint stock company.
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Continue….Pursuant to the provisions of the State Bank of India Act (1955), the Reserve Bank of India, which is India's central bank, acquired a controlling interest in the Imperial Bank of India. On 30 April 1955, the Imperial Bank of India became the State Bank of India.
In 1959, the government passed the State Bank of India (Subsidiary Banks) Act, enabling the State Bank of India to take over eight former state-associated banks as its subsidiaries. On 13 September 2008, the State Bank of Saurashtra, one of its associate banks, merged with the State Bank of India.
SBI has acquired local banks in rescues. For instance, in 1985, it 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.
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IMPERICAL BANK
Stamp of Imperial Bank of India
When India attained freedom, the Imperial Bank had a capital base (including reserves) of Rs.11.85 crores, deposits and advances of Rs.275.14 crores and Rs.72.94 crores respectively and a network of 172 branches and more than 200 sub offices extending all over the country.
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INTERNATIONAL PRESENCE
The bank had 151 overseas offices spread over 32 countries. It has branches of the parent in Colombo, Dhaka, Frankfurt, Hong Kong, Tehran, Johannesburg, London, Los Angeles, Male in the Maldives, Muscat, New York, Osaka, Sydney, and Tokyo. It has offshore banking units in theBahamas, Bahrain, and Singapore, and representative offices in Bhutan and Cape Townand in case of agricultural banking it has 1 ADB In Boston, USA.
The Israeli branch of the State Bank of India located in Ramat Gan.
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STATE BANK GROUPS(ASSOCIATES BANK)
State Bank of Bikaner & JaipurState Bank of HyderabadState Bank of MysoreState Bank of PatialaState Bank of TravancoreState Bank of Saurashtra - merged with SBI in 2008.State Bank of Indore - merged with SBI in 2010.
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FORGEIN SUSIDIARES
SBI International (Mauritius) Ltd., Offshore Bank
STATE BANK OF INDIA (CALIFORNIA)
STATE BANK OF INDIA (CANADA)
INMB BANK LTD, LAGOS
BANK SBI Indonesia (SBII)
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NON BANKING SUSIDIARES
The Bank has the following Non-Banking Subsidiaries in India:
1.SBI Capital Markets Ltd2.SBI Funds Management Pvt Ltd3.SBI Factors & Commercial Services Pvt Ltd4.SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)5.SBI DFHI Ltd6.SBI General Insurance Company Limited
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BRANCHES OF SBI
State Bank of India has 131 foreign offices in 32 countries across the globe.
SBI has about 21,000 ATMs; and SBI group(including associate banks) has about 45,000 ATMs.
SBI has 26,500 branches, including branches that belong to its associate banks.
SBI includes 99345 oficces in our country.
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JOINT VENTURES
The Bank has the following Joint Ventures in India:
1. SBI Life Insurance Company Ltd (SBI LIFE)
2. SBI General Insurance Company Limited
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PRODUCTS
Investment BankingConsumer BankingCommercial BankingRetail BankingPrivate BankingAsset ManagementPensionsMortgagesCredit Cards
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State Bank of India TypePublicIndustry Banking Financial servicesFounded 1July1955Headquarters Mumbai, Maharashtra, IndiaKey people O. P. Bhatt(Chairman)Revenue 133,851 crore (US$29.71 billion)(2010) [1]Profit 11,733 crore (US$2.6 billion)(2010) [1]Total assets US$ 323.0 billion (2010)Total equity US$ 19 billion (2010)Employees 200,229 (2010)Website Statebankofindia.com
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LATEST FACILITY
SMS UNHAPPYSMS Unhappy is the latest facility launched by the Bank to improve customer service. The service is available 24 x 7 and you do not need to visit the branch to register your grievance. All you need to do is to send just one SMS to the Bank. It is thus paperless and one more Green Initiative of the Bank. If you are not happy with the services offered by our Bank, just SMS “Unhappy” to 8008202020 and our dedicated “happy executives” will call you and get details regarding from you. They, together with your branch will resolve the issue to your satisfaction. The quick resolution of all your banking related troubles will surely bring a smile on your face.
Go ahead, send us an SMS and give us the opportunity to put a smile on your face!
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