What are alternate banking delivery channels?

Alternate banking delivery channels are new channels and methods for providing banking services directly to customers. We can include Internet banking channel, e-banking, intelligent electronic device, ATM, kiosk, or touch tone telephone credit cards, debit cards, net banking, home banking and mobile banking. A. Internet Banking Channel

Page of PNB Net Banking There are lots of benefits of this type of banking delivery channels. One of best benefit is to transfer your money to other bank account. Suppose, I have bank account in PNB and I want to deposit money in other other trader's bank account. What will be the traditional system. I have to go bank. I have to make bank draft. I have to send it to the party. That party will bring it to his bank branch. That party will give it for collect. Only after clearing, I will be able to pay him through traditional banking channel. Now, system is totally changed. Now, I have my Internet banking id and password of PNB and I have to add the party to whom I have to pay. It will be 24 hours to accept my request. After this, I will be able to pay within second. Just click transfer and write the amount and his account. I can transfer money 24 hours to that party from my Internet banking.

B. Core Banking or Centralized Banking Bank customers may reach their funds from any of the member branch offices. This channel has been made by joining all servers with main and common server. C. Automated Teller Machine (ATM) Suppose, I need money at Mumbai at the night. I can withdraw it through ATM without taking tension. Now, I need not to carry all money in pocket. I need just an ATM and PIN of 4 digit.

All successful transactions are immediately credited and customers will be issued an advice slip confirming the transaction.            DOMESTIC TREASURY BROKING SERVICES REVISED SERVICE CHARGES ATM SERVICES INTERNET BANKING STATE BANK MOBICASH E-PAY E-RAIL RBIEFT SAFE DEPOSIT LOCKER MICR CODES  FOREIGN INWARD REMITTANCES .With this. This delivery channel of bank has saved customer's lots of time and risk. customers need to have either his/her Standard Chartered Bank Card (ATM or Credit Card) or know his/her card number (ATM or Credit card). I can withdraw money from any bank's ATM. SERVICES [Print Page] Listed on the left are Services. SBI offers to its customers. To use the CDM. Cash Deposit Machine Your dealings in cash are set to become a cakewalk. The Cash Deposit Machine (CDM) is a selfservice terminal that lets you make deposits and payment transactions by cash.

namely. Axis Bank. State Bank of Mysore. Cirrus. SBI Commercial and International Bank Ltd. State Bank ATMcum-Debit (Cash Plus) card. State Bank of Bikaner & Jaipur. KINDS OF CARDS ACCEPTED AT STATE BANK ATMs Besides all cards of State Bank of India.000 ATMs of our group FREE and about 40000 ATMs of other banks under multi-lateral sharing viz. Click here for the list of ATMs in India or to find the nearest ATM you are looking for! Features:  Withdraw cash from over 26. there is no need to carry cash in your wallet. Andhra Bank. Cirrus. . Bank of India. With this card. the largest network in the country and continuing to expand fast! This means that you can transact free of cost at the ATMs of State Bank Group (This includes the ATMs of State Bank of India as well as the Associate Banks .000 ATMs in India.000 ATMs of State Bank Group within our country. State Bank ATM-Cum-Debit Card and State Bank International ATM-Cum-Debit Cards following cards are also accepted at State Bank ATMs: 1) State Bank Credit Card 2) Cards issued by other banks displaying Maestro. Get an ATM-cum-Debit card with which you can transact for FREE at any of over 26.. VISA and VISA Electron logos State Bank ATM-cum-Debit (State Bank Cash plus) Card: India's largest bank is proud to offer you unparalleled convenience viz. State Bank of Patiala. You can now withdraw cash and make purchases anytime you wish to with your ATM-cumDebit Card. using the State Bank ATM-cumDebit (Cash Plus) card. and State Bank of Travancore) and wholly owned subsidiary viz. State Bank of Hyderabad. Master Card.ATM SERVICES [Print Page] STATE BANK NETWORKED ATM SERVICES State Bank offers you the convenience of over 26. Master Card. VISA and VISA Electron logos 3) All Debit/ Credit Cards issued by any bank outside India displaying Maestro.

P. U. Gujarat. Tamil Nadu (h) Ramakrishna Mission. Indian Bank. Mumbai (l) Mahalakshmi. Recharge mobile phones of AIRTEL. Kerala. IDEA.The Bank of Rajasthan Ltd. Tamil Nadu (g) Kanchi Kamakoti Petam. (West).. Tamilnadu.P. U. Orissa (b) CM Relief Fund. Canara Bank. Virgin. HDFC Bank. (East).  Make payments for purchases by using the debit card at more than 4 lakh shops. Bihar (c) Rajiv Gandhi Aarogyasri Fund  . Reliance and BPL without any charges at any State Bank ATM. Nanded (d) Tirupati and (e) Sri Jagannath Temple. Dena Bank.P. Mumbai. petrol pumps and many other outlets which display Maestro logo. IndusInd Bank. Recharge pre-paid mobile phones of Vodafone. Kolkatta (i) Mantralaya. and Chennai. Andhra Pradesh (j) Kashi Vishwanath. Karnataka. Reliance IDEA and BPL without any charges at all ATMs as well as by sending SMS (after registration at State Bank ATM).(a) Vaishno Devi (b) Shirdi Saibaba (c) Gurudwara Takht Saheb. Uninor. Mumbai  Donate to Relief Funds: (a) CM Relief Fund. restaurants. through ATM/ SMS anywhere in India. Andhra Pradesh. Bengaluru Payment of SBI Credit Card bills Payment of SBI Life insurance premium Pay fees of select colleges Registration of SBI Mobile Banking and SMS Alerts Donate to Temple Trusts: . Vodafone. Corporation Bank.The text of SMS will be as under: SMS Text RC RC RC RC (AMOUNT) PIN SBI (AMOUNT) PIN SBI (AMOUNT) PIN SBI (AMOUNT) PIN Send SMS to 535 140 147 575    Service Provider Airtel BPL Vodafone IDEA        Pay MTNL. Punjab National Bank. M. Mumbai bills through State Bank ATMs Payment of Electricity Bills (Bescom). Puri (f) Palani. Banaras (k) Tulja Bhavani. Recharge pre-paid mobile phones of AIRTEL of 11 Circles viz. hotels. ICICI Bank. shopping malls. Delhi. UCO Bank and Union Bank of India apart from ATMs displaying Master Card/ Maestro/Cirrus logo for FREE upto first 5 transactions (Financial and Non-Financial) in a calendar month (for SB account holders).

100/. WITHDRAWAL LIMIT: - i) Cash Withdrawals(per day) : India Minimum Maximum : Rs. Annual maintenance fee of Rs. Fees: There is no joining fee for State Bank ATM-cum-Debit (Cash Plus) card.The withdrawals can be made in units of Rs 1000/from the Deposits. it would function as the State Bank ATM-cumDebit (Cash Plus) card. start doing so ……… State Bank Cash Plus International Card: This is an International ATM-cum-Debit Card with which you can enjoy shopping at over 4 lakh establishments in India and over 10.p. Withdraw cash from over 26. apply for State Bank ATMcum-Debit (Cash Plus) card at your branch.20. In India.000/. If you are not banking with us. Apply for your card If you already have a Savings Bank or Current Account with us. 100 Rs.Transaction Limits: Daily limit of Rs 40. if attached with the MODS.000/.000 ATMs of our group FREE of other banks from ATMs displaying Master Card/ Maestro / Cirrus logo in India and more than 8.at the ATM Daily limit of Rs 50. 45000 Abroad Depends on the Bank whose ATM is being used US$1000 or equivalent ii) Transaction at POS (per day) .a.at Point of Sale (POS) terminal for debit transactions Combined daily limit of Rs 90.000 ATMs across the globe for a nominal fee.5 Million establishments worldwide displaying Maestro logo.000/The breakup of Multi Option Deposit Scheme units is available through the Saving Bank / Current Account linked with the ATM-Cum-Debit Card. wherein the amount you spend on your card is automatically debited to your account. will be recovered from the second year of issue.

145000 in India and equivalent to US$ 2000 abroad (subject to compliance with the RBI and Exchange Control/ FEMA Regulations) TRANSACTION COSTS: FREE! Fees : The State Bank Cash Plus International Card is available for one time joining fee of Rs 200/-. 1800-4253800 from any phone. 100/. Call us at our toll free 1800112211. apply for State Bank Cash Plus card at your branch.p. will be recovered from the second year of issue.000 ATMs. Enhanced Convenience: State Bank accepts Debit/ Credit Cards issued by banks in India and abroad affiliated to both VISA and Master Card International at its over 26. Apply for your card : If you already have a Savings Bank or Current Account with us. Annual maintenance fee of Rs. start doing so ……… Experience Anytime Anywhere Banking with STATE BANK. 1.00.a. Search for ATM locations in India STATE BANK INTERNATIONAL ATM-CUM-DEBIT CARD Eligibility: All Saving Bank and Current Account holders having accounts with networked branches and are:   18 years of age & above Account type: Sole or Joint with "Either or Survivor" / "Anyone or Survivor" .000 Abroad US$1000 or equivalent Maximum permitted aggregate utilization in a day is Rs. If you are not banking with us.India Maximum Rs.

150+ Service Tax per cash withdrawal Rs. worldwide. Keep your ATM-cum-DEBIT card in a secure place 2. Benefits:     Convenience to the customers traveling overseas Can be used as Domestic ATM-cum-Debit Card Available at a nominal joining fee of Rs.and Personal Accident cover*up to Rs. displaying Cirrus logo All State Bank Group and tie-up bank's ATMs. 5000/. Cover keypad when entering PIN. and ATMs & POS in India displaying Master Card/ Maestro / Cirrus logo ATM Security Tips: Get rid of ‘dangers’ during ATM transactions… 8 Golden Rules to keep your ATM transactions safe and secure 1. .000/Charges for usage abroad: Rs.00.   * Conditions apply Acceptability: Card can be used at:   More than 8. 15 + Service Tax per enquiry.20. 2. 200/Daily limit of US $ 1000 or equivalent at the ATM and US $ 1000 or equivalent at Point of Sale (POS) terminal for debit transaction Purchase Protection*up to Rs. NRE account holders are also eligible but NRO account holders are not.000 ATMs and 7 million POS.

8. block it immediately Do not handover your ATM-cum-DEBIT card to any person Do not keep any record of your PIN – memorise it instead Do not ask for help from strangers Do not leave ATM till your transaction is complete. Service. 7. Using Internet banking services.onlinesbi.3. It's a platform that enables the customers to carry out their banking activities from their desktop. Change your PIN first time and regularly thereafter If you lose your card. LIC and other insurance premia payments  SBI and other Mutual funds Investments  SBI and other Credit Card dues payments  Tax Payment – Income. enables its retail banking customers to operate their accounts from anywhere anytime. INTERNET BANKING [Print Page] WELCOME ABOARD www.com. 6. the Internet banking portal of our bank. the other salient value-added features available are:  Utility bill payments  Online Ticket Booking for travel by Road. 4. Rail and Air  SBILIFE. aided by the power and convenience of the Internet. removing the restrictions imposed by geography and time. you can do the following normal banking transactions online:           Funds transfer between own accounts. 5. Third party transfers to accounts maintained at any branch of SBI Group Transfers to accounts in State Bank Group Inter Bank Transfers to accounts with other Banks Online standing instructions for periodical transfer for the above Credit PPF accounts across branches Request for Issue of Demand Draft Request for opening of new accounts Request for closure of Loan Accounts Request for Issue of Cheque Book Apart from these. State Govt  Customs Duty Payment  Online Share Trading (eZ-trade@SBI)  Online Application for IPO  Fee Payment to select educational institutions including IITs and NITs .

Bank offers two variants of the Mobile Wallets.Contact your branch for availing this service.co. State Bank MobiCash Easy (SBMC Easy) – A NIL KYC Mobile Wallet . Internet Banking Security Tips: Cut off ‘risks’ from online banking… 8 Golden Rules to make your Internet Banking experience safe and secure 1.indicating that it's absolutely safe and secure for you to transact online. bill payment.Truly smart services to cover most of your banking transactions.onlinesbi. Additional layers of security are available for doing transactions. You can visit www. Track your transactions and usage history regularly 8.in 3.phishing@sbi. Avoid accessing your account from public places like cyber cafes 5. Change your Password at regular intervals 2. balance enquiry and mini statement.com Do not click on any shortcuts/links 4. Access portal by typing https://www. Help SBI in preventing frauds (phishing) by reporting such incidents to report.com for downloading the registration form.onlinesbi. All our branches are enabled for Internet Banking. from your desktop. Use latest and genuine software on your system with secure settings STATE BANK MOBICASH [Print Page] State Bank MobiCash is a prepaid account on mobile offering facilities like fund transfer. All this and much more. State Bank MobiCash (full KYC Wallet) and State Bank MobiCash Easy (nil KYC Wallet). On security front. Avoid entering sensitive info in pop-ups 7. mobile/ DTH recharge. the site is 'VeriSign' certified . Use virtual keyboard to enter user ID and Password 6.

com. Kolkata. You even get a Cyber Receipt for your payments done online or scheduled over online SBI! If your biller presents bills online. Branch will add your Billers for payment over e-Pay.onlinesbi.State Bank MobiCash (SBMC) – A FULL KYC Mobile Wallet E-PAY [Print Page] Bill Payment(e-Pay) will let you to pay your Telephone. Bangalore. 24 hours a day. Guwahati. E-RAIL [Print Page] Book your Railways Ticket Online. The service is available for select local billers at Ahmedabad. Say good-bye to queues: Check & Pay your bills online. Bhuvaneshwar.com site or you can fill up the SBI e-Pay Registration Form (SeRF) which is available at the branch and submit thereat. Mobile. SBI Life Insurance etc. Insurance and Credit Card bills electronically over our Online SBI website https://www. Patna.Thiruvanathapuram. over e-Pay.SBI Cards. you can also give us AutoPay instructions and we will pay the bills as and when it falls due.onlinesbi.Delhi. Electricity. Bhopal. . Mumbai. Lucknow. You can add billers online using the Add Biller link on https://www. The national billers like LIC. can be paid at any centre accross the country.Chandigarh.Hyderabad. Chennai.

You are required to register on www. please contact our Asst. Your account will be credited after 4 days. 9.The facility has been launched wef Ist September 2003 in association with IRCTC.com.in. You can print the ticket. 4. the user will be redirected to onlinesbi. You will return to www. You can select your train depending on your journey and book your ticket online.EFT) is available with our branches in the clearing zone of Service Branches at Kolkata. will be displayed.irctc. 10. RBIEFT [Print Page] Inter-bank Electronic Funds Transfer facility of the Reserve Bank of India (RBI . courier charges and Bank Service fee of Rs 10/. 8. For cancellation. All Internet banking customers can use the facility.co.co. TID No. New Delhi and Chennai. For further details.in . the has ticket to be presented over reservation counter. On selecting the payment amount your account will be debited. SBI shall not be responsible for any delays or disputes regarding tickets. 6. The Payment amount will include ticket fare including reservation charges. and Railway reference no. 5. Mumbai. After logging on to the site you will be displayed payment amount. On giving payment option as SBI. The ticket can be delivered or collected by the customer.irctc. The ticket with PNR No. Commercial) at the following telephone numbers: Kolkata : 033-2435740 Mumbai : 022-2027579 New Delhi : 011-3340643 Chennai : 044-8214368 BOARD OF DIRECTORS . The salient features of the scheme are as under: 1. General Managers (Business Planning. 2. 3. 7. The scheme facilitates Booking of Railways Ticket Online. The user can collect the ticket personally at New Delhi reservation counter . Only cancellation ticket will be issued. No cash will be paid at the time of cancellation.

Vishvanathan Shri S.K. 2013) Sr.[Print Page] List of Directors on the Central Board of State Bank of India (As on 06th February. Patel Designation Chairman Managing Director Under Section of SBI Act 1955 19 (a) 19 (b) 19 (b) 19 (b) 19 (b) 19 (c) 19 (c) 19 (c) 19 (c) 19 (ca) Managing Director Managing Director Managing Director Director Director Director Director Workmen Employee Director Officer Employee Director Director Director Director Director Director 11 12 13 14 15 16 19 (cb) 19 (d) 19 (d) 19 (d) 19 (e) 19 (f) . Rajiv Kumar Shri Deepak Amin Shri Harichandra Bahadur Singh Shri Rajiv Takru Dr. Contractor Shri Diwakar Gupta Shri A. Urjit R. Krishna Kumar Shri S. Venkatachalam Shri D. 1 2 3 4 5 6 7 8 9 10 Name Shri Pratip Chaudhuri Shri Hemant G. Sundaram Shri Parthasarathy Iyengar Shri Thomas Mathew Shri Jyoti Bhushan Mohapatra Shri S. No. Mukherjee Dr.

Each charter provided for a share capital. Establishment The establishment of the Bank of Bengal marked the advent of limited liability. the three presidency banks came into existence either as a result of the compulsions of imperial finance or by the felt needs of local European commerce and were not imposed from outside in an arbitrary manner to modernise India's economy. however. jointstock banking in India. The three banks were governed by royal charters. it was the first joint-stock bank of British India sponsored by the Government of Bengal. So was the associated innovation in banking. the Banks of Bombay and Madras.EVOLUTION OF SBI [Print Page] The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. which were revised from time to time. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. viz. which would be accepted for payment of public revenues within a restricted geographical area. for a long time. the decision to allow the Bank of Bengal to issue notes. shaped by ideas culled from similar developments in Europe and England. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921. even investment on behalf of the clients) by the indigenous bankers had not spread as a general habit in most parts of India. It meant an accretion to the capital of the banks. bank notes and government balances made up the bulk of the investible resources of the banks. and especially upto the time that the three presidency banks had a right of note issue. a capital on which the proprietors did not have to pay any interest. Primarily Anglo-Indian creations.O. four-fifth of which were privately . A unique institution. and was influenced by changes occurring in the structure of both the local trading environment and those in the relations of the Indian economy to the economy of Europe and the global economic framework. Bank of Bengal H. But. This right of note issue was very valuable not only for the Bank of Bengal but also its two siblings. Three years later the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809). The concept of deposit banking was also an innovation because the practice of accepting money for safekeeping (and in some cases. Their evolution was.

The members of the board of directors. indigo. But the main function of the three banks. Bombay and Madras occurred after 1860. treasure. Loans against goods like opium. All commodities. Loans were restricted to Rs. salt woollens. bullion.subscribed and the rest owned by the provincial government. Lending against shares of the banks or on the mortgage of houses. as far as the government was concerned. or goods 'not of a perishable nature' and no interest could be charged beyond a rate of twelve per cent. Demand promissory notes were signed by the borrower in favour of the guarantor. commonly called Company's Paper. the right of note issue of the presidency banks was abolished and the Government of India assumed from 1 March 1862 the sole power of issuing paper currency within British India. however. was to help the latter raise loans from time to time and also provide a degree of stability to the prices of government securities. sugar and jute. With the passing of the Paper Currency Act of 1861. were mostly proprietary directors representing the large European managing agency houses in India. keeping cash accounts and receiving deposits and issuing and circulating cash notes. jewels. were either pledged or hypothecated to the bank. cotton. mule twist and silk goods were also granted but such finance by way of cash credits gained momentum only from the third decade of the nineteenth century. cotton piece goods. invariably civil servants. Old Bank of Bengal Major change in the conditions A major change in the conditions of operation of the Banks of Bengal. Group Photogaph of Central Board (1921) Business The business of the banks was initially confined to discounting of bills of exchange or other negotiable private securities. plate. The task of management and circulation of the new currency notes was conferred on the presidency banks and the Government undertook to transfer the . land or other real property was. one of whom was elected as the president of the board. which began to be financed later. which managed the affairs of each bank. The rest were government nominees. while the business of discounts on private as well as salary bills was almost the exclusive monopoly of individuals Europeans and their partnership firms. including tea.one lakh and the period of accommodation confined to three months only. which was in turn endorsed to the bank. The security for such loans was public securities. Indians were the principal borrowers against deposit of Company's paper. forbidden.

Punjab and Sind accelerated the process of conversion of subsistence crops into cash crops. Bank of Madras Note Dated 1861 for Rs. By 1876. India witnessed rapid commercialisation in the last quarter of the nineteenth century as its railway network expanded to cover all the major regions of the country. which came into operation on 1 May 1876. Bank of Madras The decision of the Government to keep the surplus balances in Reserve Treasuries outside the normal control of the presidency banks and the connected decision not to guarantee minimum government balances at new places where branches were to be opened effectively checked the growth of new branches after 1876. though the banks continued to hold charge of the public debt offices in the three presidency towns. All these resulted in the expansion of India's international trade more than six-fold. the branches. the Banks of Bombay and Madras had fifteen each. But as soon as the three presidency bands were assured of the free use of government Treasury balances at places where they would open branches.10 Presidency Banks Act The presidency Banks Act. however. Bombay and Madras into which sums above the specified minimum balances promised to the presidency banks at only their head offices were to be lodged. in the case of the Bank of Madras. While the Bank of Bengal had eighteen branches including its head office. The Government could lend to the presidency banks from such Reserve Treasuries but the latter could look upon them more as a favour than as a right. The proprietary connection of the Government was. a portion of which found its way into the foreign markets. The Act also stipulated the creation of Reserve Treasuries at Calcutta. the hills of Assam and the Nilgiris into regions of estate agriculture par excellence. The pace of expansion witnessed in the previous decade fell sharply although. agencies and sub agencies of the three presidency banks covered most of the major parts and many of the inland trade centres in India. New irrigation networks in Madras.Treasury balances to the banks at places where the banks would open branches. seasonal branches and sub agencies. and the custody of a part of the government balances. Tea and coffee plantations transformed large areas of the eastern Terais. it continued on a modest scale as the profits of that bank were mainly derived from trade dispersed among a number of port towns and inland centres of the presidency. brought the three presidency banks under a common statute with similar restrictions on business. they embarked on branch expansion at a rapid pace. None of the three banks had till then any branches (except the sole attempt and that too a short-lived one by the Bank of Bengal at Mirzapore in 1839) although the charters had given them such authority. The . terminated.

The triad had been transformed into a monolith and a giant among Indian commercial banks had emerged.three presidency banks were both beneficiaries and promoters of this commercialisation process as they became involved in the financing of practically every trading. The new bank took on the triple role of a commercial bank. which held government deposits. What eventually emerged was a 'half-way house' combining the functions of a commercial bank and a quasi-central bank. Bank of Bombay Presidency Banks of Bengal The presidency Banks of Bengal. Imperial Bank . the Bank of Madras went into the financing of large modern manufacturing industries. It also acted as a bankers' bank by holding their surplus cash and granting them advances against authorised securities. The earlier restrictions on its business were removed and the bank was permitted to undertake foreign exchange business and executor and trustee business for the first time. The bank was also the biggest tenderer at the Treasury bill auctions conducted by the Reserve Bank on behalf of the Government. But this creation was preceded by years of deliberations on the need for a 'State Bank of India'. This exclusion continued till the creation of the Reserve Bank of India in 1935. The establishment of the Reserve Bank simultaneously saw important amendments being made to the constitution of the Imperial Bank converting it into a purely commercial bank. Bombay and Madras with their 70 branches were merged in 1921 to form the Imperial Bank of India. manufacturing and mining activity in the sub-continent. But the three banks were rigorously excluded from any business involving foreign exchange. a banker's bank and a banker to the government. it was also feared that these banks enjoying government patronage would offer unfair competition to the exchange banks which had by then arrived in India. But it continued to maintain currency chests and small coin depots and operate the remittance facilities scheme for other banks and the public on terms stipulated by the Reserve Bank. While the Banks of Bengal and Bombay were engaged in the financing of large modern manufacturing industries. The latter ceased to be bankers to the Government of India and instead became agent of the Reserve Bank for the transaction of government business at centres at which the central bank was not established. the Bank of Madras went into the financing of small-scale industries in a way which had no parallel elsewhere. The establishment of the Reserve Bank of India as the central bank of the country in 1935 ended the quasi-central banking role of the Imperial Bank. The management of the bank clearing houses also continued with it at many places where the Reserve Bank did not have offices. Not only was such business considered risky for these banks.

deposits and advances of Rs. investments and advances. to serve the economy in general and the rural sector in particular. All these enabled the Imperial Bank to acquire a pre-eminent position in the Indian banking industry and also secure a vital place in the country's economic life. The State Bank of India was thus born with a new sense of social purpose aided by the 480 offices comprising branches. First Five Year Plan In 1951. Later. But the lofty traditions of banking which the Imperial Bank consistently maintained and the high standard of integrity it observed in its operations inspired confidence in its depositors that no other bank in India could perhaps then equal. the former state-owned or state-associate banks. the All India Rural Credit Survey Committee recommended the creation of a state-partnered and state-sponsored bank by taking over the Imperial Bank of India. The State Bank of India was destined to act as the pacesetter in this respect and lead the Indian banking system into the exciting field of national development. and integrating with it. sub offices and three Local Head Offices inherited from the Imperial Bank. when the First Five Year Plan was launched. In order. reserves. the Imperial Bank had a capital base (including reserves) of Rs. the increases in some cases amounting to more than six-fold. therefore. the development of rural India was given the highest priority. OF DIRECTORS .14 crores and Rs. The concept of banking as mere repositories of the community's savings and lenders to creditworthy parties was soon to give way to the concept of purposeful banking subserving the growing and diversified financial needs of planned economic development. the State Bank of India (Subsidiary Banks) Act was passed in 1959. Stamp of Imperial Bank of India When India attained freedom. deposits.94 crores respectively and a network of 172 branches and more than 200 sub offices extending all over the country. An act was accordingly passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955.85 crores. The commercial banks of the country including the Imperial Bank of India had till then confined their operations to the urban sector and were not equipped to respond to the emergent needs of economic regeneration of the rural areas. The financial status and security inherited from its forerunners no doubt provided a firm and durable platform. More than a quarter of the resources of the Indian banking system thus passed under the direct control of the State. enabling the State Bank of India to take over eight former State-associated banks as its subsidiaries (later named Associates).72.The Imperial Bank during the three and a half decades of its existence recorded an impressive growth in terms of offices.11.275.

while working with dedication and innovation in every project we undertake. To retain leadership position of the organisation in Hydro Power generation. Contractor Managing Director Shri Diwakar Gupta Managing Director Vision : To be amongst most trusted power utility company of the country by providing environment friendly power on most cost effective basis. ensuring prosperity for its stakeholders and growth with human face. To provide clean and green power for secured future of countrymen.Þeer He´leerHe ®eewOejer DeO³e#e Shri Pratip Chaudhuri Shri Pratip Chaudhuri Chairman Shri Hemant G. enhanced productivity for ensuring financial health . Mission : To ensure most cost effective power for sustained growth of India. To maintain continuous pursuit for cost effectiveness.

. To inculcate value system all cross the organization for ensuring trustworthy relationship with its constitutent associates & stakeholders. To continuously upgrade & update knowledge & skill set of its human resources. ensuring dignity and respect for its team members. transparent organization.of the organization. To be a technology driven. to take care of stakeholders aspirations continuously. To achieve excellence in every activity we undertake. To be socially responsible through community development by leveraging resources and knowledge base.