Evolution The origins of the State Bank of India can be traced back two hundred years to the establishment

of the Bank of Calcutta. The keen interest shown by the directors of the bank in maintaining records found an echo in 1975 when R.K. Talwar, a former chairman of the State Bank, commissioned an account of the bank's evolution from its earliest days. Banking in those days was a far cry from what it is today-an unbiased, uniform system that has led to increased purchasing power across classes. At the time, even though the rupee was the unifying currency, there also existed a confusing array of coinage whose value could vary by the region. Besides the cowrie-sea shells brought in from the Maldives-were the sicca, the Arcot rupee, notes issued by various banks and copper, silver and gold coins that the British tried to introduce as a standard coinage. Only the wealthy Indians and the Europeans had any use for bank notes-for the greater part of the population even the lowly copper coin had a purchasing power beyond their day-to-day needs. Rates of interest, while regulated for the banks to a maximum of 12 per cent, were exorbitant for the peasants, labourers and artisans with 50 per cent being fairly standard. The organizational set-up had its own share of anomalies, with salaries far lower for Indians than Europeans. The highest an Indian could aspire to was the position of khazanchee, a thankless job whose responsibility was equal to that of the secretary and treasurer, but at a salary that was one-seventh. Even so, the job would attract applications from some of Calcutta's wealthiest and best educated, as the British had denied all superior government jobs to Indians. The Bank of Bengal was followed by the Banks of Bombay and Madras and these three comprised the presidency banks that in 1921 would become the Imperial

Bank, the immediate precursor to the State Bank of India. This volume presents a panoramic view of their functioning till 1876, and through them the changes that were occurring in the trading environment and the economy. The Roots 1806-1876 is an integrated history of the development of banking, commerce, finance and industry in India, and of the people, from Ram Comul Sen, the dedicated khazanchee of the Bank of Bengal, to his petty-minded boss, George Udny, who guided its course. History The evolution of State Bank of India can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was redesigned as the Bank of Bengal, three years later, on 2 January 1809. It was the first ever joint-stock bank of the British India, established under the sponsorship of the Government of Bengal. Subsequently, the Bank of Bombay (established on 15 April 1840) and the Bank of Madras (established on 1 July 1843) followed the Bank of Bengal. These three banks dominated the modern banking scenario in India, until when they were amalgamated to form the Imperial Bank of India, on 27 January 1921. An important turning point in the history of State Bank of India is the launch of the first Five Year Plan of independent India, in 1951. The Plan aimed at serving the Indian economy in general and the rural sector of the country, in particular. Until the Plan, the commercial banks of the country, including the Imperial Bank of India, confined their services to the urban sector. Moreover, they were not equipped to respond to the growing needs of the economic revival taking shape in the rural areas of the country. Therefore, in order to serve the economy as a whole and rural sector in particular, the All India Rural Credit Survey Committee recommended the formation of a state-partnered and state-sponsored bank.

The All India Rural Credit Survey Committee proposed the take over of the Imperial Bank of India, and integrating with it, the former state-owned or stateassociate banks. Subsequently, an Act was passed in the Parliament of India in May 1955. As a result, the State Bank of India (SBI) was established on 1 July 1955. This resulted in making the State Bank of India more powerful, because as much as a quarter of the resources of the Indian banking system were controlled directly by the State. Later on, the State Bank of India (Subsidiary Banks) Act was passed in 1959. The Act enabled the State Bank of India to make the eight former State-associated banks as its subsidiaries. The State Bank of India emerged as a pacesetter, with its operations carried out by the 480 offices comprising branches, sub offices and three Local Head Offices, inherited from the Imperial Bank. Instead of serving as mere repositories of the community's savings and lending to creditworthy parties, the State Bank of India catered to the needs of the customers, by banking purposefully. The bank served the heterogeneous financial needs of the planned economic development. Branches The corporate center of SBI is located in Mumbai. In order to cater to different functions, there are several other establishments in and outside Mumbai, apart from the corporate center. The bank boasts of having as many as 14 local head offices and 57 Zonal Offices, located at major cities throughout India. It is recorded that SBI has about 10000 branches, well networked to cater to its customers throughout India. ATM Services

it offers various services including merchant banking services. factoring services. You may also transact money through SBI Commercial and International Bank Ltd by using the State Bank ATM-cum-Debit (Cash Plus) card. which includes the ATMs of State Bank of India as well as the Associate Banks – State Bank of Bikaner & Jaipur. etc. Subsidiaries The State Bank Group includes a network of eight banking subsidiaries and several non-banking subsidiaries. primary dealership in government securities. State Bank of Hyderabad. State Bank of Indore. credit cards and insurance. The eight banking subsidiaries are: • • • • • • • • State Bank of Bikaner and Jaipur (SBBJ) State Bank of Hyderabad (SBH) State Bank of India (SBI) State Bank of Indore (SBIR) State Bank of Mysore (SBM) State Bank of Patiala (SBP) State Bank of Saurashtra (SBS) State Bank of Travancore (SBT) Functions . fund management. The Bank also facilitates the free transaction of money at the ATMs of State Bank Group.SBI provides easy access to money to its customers through more than 8500 ATMs in India. Through the establishments.

cloth. The Bank also manages the debts floated by the State Governments. (7) Subsidiary functions:. dividends interest. The Bank can lend against agricultural bills upto a maximum period of fifteen months and incase of other bills upto a maximum period of six months. (6) Functions as Central Bank:. gold and government securities.The State Bank performs various subsidiary services also.The State Bank of India facilitates remittance of money from one place to another.The Bank borrows money from the public by accepting deposits such as current account deposits. wheat. It also helps in the transfer on the funds of the State and Central Government. As an agent. bill of exchange. It also acts as the clearing house of the commercial bank.The State Bank of India acts as an agent of the Reserve Bank of India and performs the following functions: (1) Borrows money:. the bank provides loans to commercial bank when required and also rediscount their bill. the State Bank of India maintains the treasuries of the State Government. oil-seeds. salaries and . In discharging this responsibility. (5) Remittance:. It lends mostly on the security of easily realizable commodities like rice. fixed deposits and savings deposits.The State Bank of India also acts as the agent of the Reserve Bank of India. (4) Government’s Bank:. (2) Lends money:. cotton.The State Bank of India performs the functions of a Central Bank. It also lends to farmers and co-operative institutions. (3) Banker’s Bank:-The State Bank of India acts as the banker’s bank. It collects checks.It lends money to merchants and manufacturers for short periods. drafts.

Advances are given for very small activity covering poorest of the poor to hitech activities involving large fund outlays. allied activities like dairy . SBI’s branches have covered a whole gamut of agricultural activities like crop production . land development and reclamation. Bank has also agri specialists in various disciplines to handle projects/ guide farmers in their agri ventures. forestry. finance to agri-input dealers. SECTORS 1. processing of agri-products. To give special focus to agriculture lending Bank has set up agri business unit. there are 427 Agricultural Development Branches (ADBs) which also cater to agriculturists. It purchases and sells securities on behalf of its customer. piggery and rearing of silk worms. plantation crops. horticulture . farm mechanization. digging of wells. construction of cold storages and godowns. fisheries.56. poultry. tube wells and irrigation projects. It receives valuables and documents for safe custody and maintains safe deposit vaults.000 crs in agri advances covering around 70 lac farmers. Apart from the branches.pensions on behalf of its customers. sheep-goat. AGRICULTURAL/ RURAL State Bank of India caters to the needs of agriculturists and landless agricultural labourers through a network of 7400 rural and semi-urban branches. SBI is the leader in agri finance in the country with a portfolio of Rs. .

• Reduce NPA levels in Agriculture. emerging opportunities. This unit has four departments headed by Deputy General Managers. Planning. and special initiatives. SBI focuses on the creation of a separate unit with a distinct organizational structure and under noted objectives:• Providing focused attention on the banking requirements of the agriculture segment. as may be necessary. to enable enhance focus and accountability on agri-business. They focus on Institutional marketing. . a DGM/AGM is responsible for driving agri-business supported by a team. • Focus on product development and management. business opportunities and regulatory functions. • Focus on micro finance and SHG opportunities (now part of non-farm sector in Rural Business). • Focus on Key Corporate and Institutional relationships in agriculture. agro-processing and agro-export zones. with the possibilities of rapid growth in emerging areas like contract farming. • Achieving 18% target under agricultural advances as required under priority sector norms. 1) 2) 3) 4) Agri Business. Monitoring and Market Intelligence Corporate and Institutional Relationship Product Development and Marketing RRBs & Lead Bank Department At circle level. • Make agriculture a commercial proposition.Considering that agriculture would continue to be significant driver of Indian economy.

development. organizing promotional events and for loan sanction. poultry. Agricultural banking State Bank of India's branches have covered a whole gamut of agricultural activities like crop production . tube wells and irrigation projects. a. processing of agriproducts. sheep-goat. forestry. b. allied activities like dairy . Infact Bank can cover any other agricultural related activities undertaken. loans against produce stored by the farmer at his own premises. Traditionally. . digging of wells. loans against book debts of Arthias. plantation crops. farm mechanization. construction of cold storages and godowns. were depending on informal sources and moneylenders. fisheries. rural business is associated with agri-spillover effects of economic growth and renewed focus on infrastructure. finance to agri-input dealers. Micro finance SBI has taken up Self Help Group (SHG) movement as a mission. monitoring and recovery. processing. piggery refurbished second hand tractors.Marketing and recovery teams are created in each region with responsibilities for marketing and building relationships with dealers of agri-products. therefore. and employment generation in rural areas. land development and reclamation. horticulture . loans against pledge of warehouse receipts. rearing of silk worms and grainages. A noble mission to reach those families who were hitherto having no access to the credit by any formal financial institution and. led to huge investment by the Government in rural India. with a view to bridge the urban and rural divide. mulberry cultivation.

85% of these SHGs are women SHGs.54 cr.33 cr.165 2. 3646.12. 762. To list a few examples: 599.640 1. March ‘08 10. As at the end of March 2010.301 No.84.25 cr. 11575. The year-wise cumulative position of SHGs-Bank Linkage programme for the last 4 years is as under: Year March ‘07 SHGs linked (financed) 7.162 8050.53 cr. 6769. Since then.62.68.55 cr.84 cr. of beneficiaries 99.465 17.08 cr.55. Bank’s association with nongovernment organizations (NGOs) or voluntary agencies in extending financial help can be traced as far back as 1976 well before NABARD introduced SHGBank Credit Linkage Programme as a pilot project in 1992. 846.52 cr.50 cr. in Rs.451 5290. Bank has successfully initiated various measures toward widening its SHG network.52 cr.00 cr. .37. Amount in Savings a/c (Amt.52 cr. 5363. March ‘09 March ‘10 13. thus benefiting more than 138 lac poor people. is far ahead of others. As on March 2010.51.87.) SBI is maintaining its position as a leader among Commercial Banks in credit linking of SHGs and is a prime driver for the movement.891 Savings Bank account of SHGs out of which more than 10.16. the Bank has made a steady progress in financing SHGs.913 Amount disbursed 3468.474 1. Amount outstanding 2420.18.62 lac SHGs have been enjoying credit facilities. SBI with a share of approximately 31% of total SHGs financed by Commercial Banks.73. 667. SBI has actively participated in SHG-Bank Credit Linkage programme since its inception in 1992 as a pilot project of NABARD.Micro finance is not new to State Bank of India.22. SBI’s branches spread throughout the length and breadth of the country have opened 12.

Response to this product is very encouraging. 10 years.e. i. Hyderabad. (vi) Sahayog Niwas: SBI has launched its Housing Loan product ‘SAHAYOG NIWAS’ meant for SHG members.Shakti: SBI Life. (iv) (v) SHG cells: Special SHG cells have been opened at major branches. is the first to introduce a life insurance scheme. housing loans to the extent of Rs. (ii) Special training programmes in SHGs are being conducted at 54 training centres of the Bank in the country apart from State Bank Institute of Rural Development. especially designed for SHG members. Under the scheme formulated keeping the socio-economic conditions of villages in sight. (iii) Close liaison with NGOs: Operating functionaries at branch level and region level are in close contact with NGOs in their area to take the movement ahead.50. our insurance subsidiary. Special feature of the scheme is that entire premium amount paid by the member is refunded after maturity. (vii) SBI Life .. .(i) Sensitisation of staff: Bank keeps sensitizing the staff from Manager to Messenger working in rural and semi-urban branches towards the programme. Lending to NGOs / Federations of SHGs / MFIs: Lending to reputed NGOs / Federations of SHGs on selective basis for on lending to SHGs / JLGs / Individuals is being encouraged. regular meetings are arranged with the NGOs and their support is solicited. For the purpose.are given to the SHG members without any mortgage of house / land.000/.

Core activities performed by Samanwita are empowerment of people through promotion of SHGs. especially women SHGs and development of human resources. (xi) SHPI status: State Bank of India is the first Commercial Bank to earn SHPI status.(viii) Rural training institutes: To help the rural youth to stand on their feet. Bank assigns job of recovery of NPA advances to SHG on contract basis to scale up their viability. . to impart training in self employment to rural youth free of cost. (xii) SHGs and SHG Federations have been made eligible to work as Business Correspondents / Facilitators to increase banks outreach in unbanked areas to service the underserved effectively and to facilitate income generating activities for SHGs / SHG Federations. (ix) Appreciation by Government: A number of our branches / Circles have also received commendation and appreciation from various State Governments for doing excellent job in SHG-Bank Credit Linkage programme. two RSETI type training institutes have been established at Gulbarga and Gadag in Karnataka State. (x) Samanwita: Bank has sponsored and financially supported NGO ‘SAMANWITA’ in collaboration with Government of Orrissa for supplementing the process of socio economic upliftment of the tribal and the downtrodden in the poorest and most backward Kandhamal district of Orrissa State where 52% of the population is that of tribal.

State level bankers' committee (slbc). as against the benchmark of 18%. and for matters connected therewith and incidental thereto. trade. set-up as per the Lead Bank Scheme of the Reserve Bank of India.151 Cr respectively. The aggregate deposits and advances of all RRBs (sponsored by the Bank) stood at Rs.08 Cr during the year 2009-10 recording a growth of 63% over March. uttarakhand State Level Bankers' Committee.” d. particularly to small and marginal farmers. which accounted for over 82% of the total advances. is the highest body of bankers in the state. the percentage of agriculture credit to total advances was at 54.331. industry and other productive activities in the rural areas. Further. c. The bulk of the loans from RRBs were to the priority sector. agricultural labourers. credit and other facilities. for the purpose of development of agriculture.19. RRBs have credit linked 2. artisans and small entrepreneurs. as against the bench mark of 40%.12%.99 lac SHGs with disbursements of Rs. The committee . 2009.(xiii) SBI has been actively encouraging SHGs and their members to migrate to micro enterprise model from lending and savings model facilitating them to scale up to normal customer of banking services. They have posted a profit of Rs. commerce. SBI has set for itself to hit a target of credit linking 2 million SHGs up to March 2013.1. 536 Cr. RRBs “The Regional Rural Banks (RRBs) were established with a view to developing the rural economy by providing.894 Cr and Rs.12.

the quarterly meetings discuss various issues concerning the economic development of the state. • To undertake critical analysis of the progress of the implementation of Annual Credit Plan & Govt. Objectives of the Scheme: The SLBC is an inter-institutional forum for coordination and joint implementation of development programmes and policies by all the financial institutions operating in a State. • • To review the assistance required and provided by Govt. Government Officials are also included. • To discuss issues. The meetings aim at finding solution to the various problems confronting the state. . • • To oversee the implementation of branch expansion programme. where banks play a pivotal role. consider alternative solutions to the various problems in the field of banking development and evolve consensus for coordinated action by the member institutions • To do the necessary spade work for formulation of Annual Credit Plan by getting in time district-wise resource allocation by banks and disaggregation of the various Governmental programmes. To consider problems referred by the district level forums and take necessary follow-up action. Although SLBC is envisaged as a bankers’ forum. To review the recovery performance. In addition to reviewing the activities of the institutional lending. agencies. and other agencies sponsored credit-linked programmes / schemes in the various districts.meets once a quarter.

• To purposefully review the picture revealed by the data compiled in accordance with the new system of returns and take follow-up measures to ensure speedy disposal of loan applications. advances to weaker section. Priority Sector Advances. • To solve operational problems in implementation of Service Area Approach. authorities. SJSRY. and other agencies programmes etc. REGP. staff as well as evaluation of the programmes implemented.• To ensure arrangements for training of both bank and Govt. • To consider ways and needs of extending coverage through organization of Farmers Service Societies or adoption of Co op. authorities and questions or inter-bank difference of views and approach remaining unresolved at the District Level Consultative Committees. • To review Credit: Deposit Ratio. Govt. to improve the pace of credit assistance under specific programmes/schemes such as SGSY. etc. . • To serve as a focal point for the banking system in the State for securing better liaison with the State Govt. Credit Plans. • To examine the inter-institutional coordination in the formulation and implementation of the Annual Credit Plans. PMRY. Employment Generation Programmes etc. • To review the trends in the flow of credit into rural areas and to the small borrowers in the neglected sectors. • To take up for consideration such issues as have been raised by the member banks and/or the State Govt. financing of minority communities etc. societies.

departments more intimately concerned with the problems or having greater expertise at their command. • To review progress in implementation of official language. Development Programmes. The Branch Managers/ village level workers of Developmental agencies have to conduct surveys in the entire village falling in their service area taking into consideration the infrastructure and market potential of the area. The main feature of this approach is the emphasis given to credit planning process with the involvement of gross root level functionaries from banks and Developmental agencies at block level. is called Lead Bank of the district and such district for the Lead Bank shall be termed as Lead District. Alomora. and ability to undertake lead responsibilities. Chamoli. Pithoragadh. Pauri. New Tehri. The distribution of districts was mainly done on the basis of certain criteria like size and resources of a bank. Bageshwer. Rudrapryag. Services Area Approach. Dehradun and Nainital is with Punjab National Bank. The bank. Champawat. These grass root level . which has been assigned the lead bank responsibility. All the districts of the country have been allocated to the banks (public sector and to a few private sector). The State Bank of India has been assigned lead responsibility in respect of 9 districts out of the total 13 districts across Utarakhand State viz. by appointing Study Groups comprising of representatives of ¾ banks and Govt.• To undertake/ entrust study of any specific problems in implementation of Lead Bank Scheme. Uttarkashi. Udham Singh Nagar. Lead Bank Responsibility of 4 districts of Haridwar. etc. geographical contiguity. SERVICE AREA APPROACH: Service Area Approach introduced in the year 1989 by RBI is the concept to accelerate the pace of Rural Development.

i. thereafter at block level and finally at district level. collated. These aggregates are compiled. i.functionaries interact through Block level Bankers’ Committee meetings thus paving way for compilation of realistic Service Area/ Non service area branch credit plan for each bank branch operating in a block.e. The Annual action plan/ District credit plan should be drawn up on the basis of updated village profile realistic projections. The unit of planning as envisaged under Service Area Approach is “Village” and therefore. Thereafter the District Credit Plans submitted by the Lead Banks in the Districts to the SLBC Convenor are aggregated by the SLBC Convenor into Annual Credit Plan / Annual Action Plan. Preparation of District Credit Plans: District Credit Plans are simply aggregation of the Block Credit Plans of the blocks falling in a district. These grass root level functionaries interact through Block level Bankers’ Committee meetings thus paving way for compilation of realistic service Area/ Non service area branch credit plan for each bank branch operating in a block. the credit plan has to start from the village and aggregated at grass-root level. first at branch-level. reviewed and finalized in DCC meetings and given the final shape of annual District Credit . The credit plan has to start from the village and aggregated at grass-root level. Preparation of Annual Credit Plans: The Branch Managers/ village level workers of Developmental agencies have to conduct surveys in the entire village falling in their service area taking into consideration the infrastructure and market potential of the area.e. first at branch-level. thereafter at block level and finally at district level. The Block credit plans compiled from the branch credit plan are put to deliberation/ approval in the District level consultative committee meetings.

Annual Action Plan/ Annual Credit Plan: These District Credit Plans. as per the Lead Bank Scheme.Plans. The District Credit Plan represents the aggregation of block credit plans/ credit plans of all credit agencies operating in the district. semi-urban/ urban branches having service allocations and LBR-UI for urban branches without any service Area – are to be submitted to the respective controlling offices by 31 Dec. CORPORATE SECTOR . As per this time frame bank branch falling in rural. The Annual Action Plan is placed before the State Level Bankers’ Committee for information of all members. Time Frame for preparation of Annual Credit Plans: There is time frame for finalization of the district credit plans. The controlling offices have to convey their approval to the branches by 31st January of the next year so that the plans are placed in the respective Block Level Bankers’ Committees for their approval by the end of February. semi-urban and urban areas have to initiate the process of preparation of Annual credit plan on 1st December and to complete it by 31st December every year. These credit plans in the format of Lead Bank Returns-I for rural. are approved at district level and forwarded by the Lead Banks of various districts in the State to the SLBC Convenor Bank of the State where these Plans are aggregated and compiled to form State Credit Plan/ Annual Action Plan. The approved Block Credit Plans are placed in the DCC meeting for discussion/ approval so that District Credit Plans are launched by 1st April.

Working Capital Financing • Assistance extended both as Fund based and Non-Fund based facilities to Corporates . 4.SBI is a one shop providing financial products / services of a wide range for large. These include: 1. The SBI’s powerful corporate banking formation deploys multiple channels to deliver integrated solutions for all financial challenges faced by the corporate universe. . 3. medium and small customers both domestic and international. The Corporate Banking Group and the National Banking Group are the primary delivery channels for corporate banking products. Term Loans Term loans are provided to support capital expenditures for setting up new ventures as also for expansion. Partnership firms . Proprietary concerns • Working Capital finance extended to all segments of industries and services sector such as IT 2. renovation etc. Deferred Payment Guarantees help to support purchase of capital equipments. Corporate Loans are provided for a variety of business related purposes to corporates.

both in India and abroad. on a nationwide platform. . While the bank is strongly positioned to structure financial packages that anticipate the changing business environment. The National Banking Group also delivers the entire spectrum of corporate banking products to other corporate clients. Foremost among these specialized groups is the Corporate Accounts Group (CAG). its vast network--the world’s largest—ensures delivery channels of unmatched reach. backed by an assublack expertise in customizing the product to meet the most sensitive specificities of each client and each business context. Its team of highly skilled and experienced product specialists can help you forecast your cblackit patterns and structure complex transaction requirements. The others are the Project Finance unit and the Leasing unit. It is committed to understanding the finest nuances of your business objectives and engineering cblackit and non-cblackit solutions to suit them. the SBI is committed to offering you financial solutions that extract maximum value from business and market situations. The SBI offers an exhaustive range of financial products and services that answers any business or market circumstance. focusing on the prime corporate and institutional clients of the country’s biggest business centers.The Corporate Banking Group consists of dedicated Strategic Business Units that cater exclusively to specific client groups or specialize in particular product clusters. Commanding unsurpassed respect and legacy in the Indian financial expanse.

an investment of their surplus funds or to create a fund for their childrens' education and marriage. they find a product from SBI that suits their requirement. The Bank offers the following schemes with attractive rates of interest: . through your savings bank account. and realise the advantage of our vast network.growing speedily it has crossed the 5000 mark DEPOSIT SCHEMES Whatever are customers’ needs . PERSONAL FINANCE State Bank of India has a variety of schemes under Personal Finance to satisfy varying needs of the banking public. all of them are fully computerised. delivered at a branch close to them. to meet your occasional temporary funds requirements. A. Alternately. Their products are designed with flexibility to suit your personal requirements. Place funds in Multi Option Deposit Scheme. Enjoy 24 hour banking facility through our Internet Banking/ widest network of ATMs. Their products are designed with flexibility to suit customers’ personal requirements.PERSONAL BANKING State Bank of India offers a wide range of services in the Personal Banking Segment which are indexed here. Open an account with any of the branches. 24 hour facility through ATMs . a term deposit which is not fixed at all and comes with a unique break-up facility which provides you full liquidity as well as benefits of higher rates of returns. keep that deposit intact by availing an overdraft facility.

SERVICES State Bank of India offers a wide range of services in the Personal Banking Segments.* Housing Loan * Property Loan * Car Loan * Educational Loan * Personal Loan * Loan to Pensioners * Credit Khazana * Loan Against Shares/Debentures * Loan For ESOPS * Festival Loans * Tribal-Plus Scheme * EMI Calculator C. which are: · · · · eZ-trade@sbi SBI VISHWA YATRA FOREIGN TRAVEL CARD PAY ROLL CARDS ATM SERVICES .

transport . sme credit plus. traders easy loan scheme. The services or products which are provided by SBI under this head are commodity backed warehouse receipt financing.It has 55 specialised SSI branches. business current accounts. cyber plus. retail trade. dental doctor plus. doctor plus. debt restructuring mechanism. surabhi deposit scheme. small business credit card. code of banks commitment to micro and small enterprise. 99 branches in industrial estates and more than 400 branches with SIB divisons.The Bank has financed over 8 lakhs SSI units in the country. open term loan. dal mill plus. ssi loans. paryatan plus. sme petro credit. sbi shoppe. The Bank finances for Small Business activities which are of special significance to a large number of people as many of these activities can be started with relatively lower investment and with no special skills on the part of the enterpreneurs.· · · · · GIFT CARDS GIFT CHEQUES INTERNET BANKING FOREIGN INWARD REMITTANCE LOCKER SMALL CALE ENTERPRISES State Bank of India has been playing a vital role in the development of small scale industries since 1956.

charter for ssi.operators. artisan credit card. rice mills plus. SBI offers the following to its customers in the field of:            Domestic treasury Sbi vishwa yatra foreign travel card Broking services Revised service charges Atm services Internet banking E-pay E-rail Rbieft Safe deposit locker MICR codes foreign inward remittances INTERNATIONAL BANKING  International banking services of State Bank of India are delivered for the benefit of its Indian customers. spread over all time zones. SERVICES Under the head of Services. auto loan. the world over. school plus and swarojgar credit card. Bank's . non-resident Indians. foreign entities and banks through a network of 131 offices/branches in 32 countries as on 31 July 2009. The network is augmented by a cluster of Overseas and NRI branches within India and correspondent links with over 522 banks.

The services include corporate lending. the Foreign Department and the International Services division. The Domestic wing provides services like merchant banking. The SBI’s international presence is supplemented by a group of Overseas . shipping finance and project export finance. merchant banking. Spreading its arms around the world.Joint Ventures and Subsidiaries abroad further underline the Bank's international presence. collection of clean and documentary credits and remittances. loan syndications. The International Services division renders specialized services like correspondent banking. Being India’s largest and most trusted commercial bank. The Foreign Offices wing offers the entire range of international trade and industrial finance products. handling Letters of Credit and Guarantees. short-term financing. The Bank has carved a niche for itself in the Euroland with branches located in Antwerp. the SBI offers you a network of relationships unmatched in strength and span by any other Indian financial entity. the Foreign Offices division. Paris and Frankfurt. the SBI’s International Banking Group delivers the full range of cross-border finance solutions through its four wings – the Domestic division. global link services and country and bank risk exposure monitoring. Indian banks and corporates are able to avail singlewindow Euro services from the Bank's Frankfurt branch. The bank has a network of 131 offices/branches in 32 countries spanning all time zones. while the Kolkatta-based Foreign Department undertakes treasury and currency operations.

SBI offers the trusted financial solution to all your complex Trade finance related fund needs (both in Indian rupee and foreign currencies). The gamut of their services includes credit for both pre shipment and post shipment activities. This network Correspondent Banks forms the foundation for all international operations of SBI. Frankfurt and Antwerp. These strengths are reinforced by a dedicated and highly skilled team of professionals deployed by the bank in each specific segment. political situations. . pre-Shipment Export Credit. CORRESPONDENT BANKING The Correspondent Banking Division develops and maintains relationship with Banks and Financial Institutions across the Globe. Indian banks and corporates are able to avail single-window Euro services from SBI Frankfurt. postShipment Export Credit. It also includes Export Avenue in the form of rupee Export Credit (Pre-Shipment and Post-Shipment). TRADE FINANCE SBI Understand there is much stake involved in Export Import business Global economic.and NRI branches in India and correspondent links with over 522 leading banks of the world. PreShipment Credit in Foreign Currency (PCFC). anything and everything that affects you and your business. and import avenue in the form of foreign Currency import credit and supplier's credit. The bank has carved a niche for itself in Euroland with branches strategically located in Paris. SBI’s offshore joint ventures and subsidiaries enhance its global stature.

. handles all operational aspects of correspondent banking. ACU accounts are also serviced at the overseas branches. appointment of correspondents. The Correspondent Relations section helps SBI’s correspondents market and distributes their products for various applications of the bank and its Customers. only designated branches handle International Banking Designated branches (click here) enjoy delegated authority to through the NOSTRO accounts maintained by the Foreign Department. Cochin. including all matters pertaining to the exchange of test keys and swift authenticator keys (SAK). receive/pay SBI's branches. nurturing. Chennai. The bank has deployed a dedicated Correspondent Relations section to attend exclusively to create. the bank’s Foreign Department. nurture. Meanwhile. maintenance and reconciliation of Nostro accounts. Products and Services provided under this are: • Creating. based in Kolkata (Calcutta). cultivating and maintaining SBI’s network of over 522 correspondent relationships. All trade and retail transactions are handled by the vast net work of activities. and treasury management. The Rupee Vostro accounts of International Banks and Institutions is maintained and serviced at SBI’s International Services branch (ISBM) at Mumbai and at Overseas Branches at Kolkata (Calcutta).SBI has correspondent banking relations with around 522 leading banks worldwide. However. Bangalore and New Delhi. (Please see Standard Settlement Instructions). cultivate and continue relationship in correspondent banking.

SBI being an Indian entity has no India exposure ceiling. MERCHANT BANKING SBI’s Merchant Banking Group is strongly positioned to offer perfect financial solutions to your business. SBI’s seasoned Team of professionals provides you with Insightful credit Information and helps you Maximize the Value from the transaction. They provide the resources. convenience and services to meet your needs by arranging Foreign Currency credits through: • Commercial loans • Syndicated loans • Lines of Credit from Foreign Banks and Financial Institutions • FCNR loans • Loans from Export Credit Agencies • Financing of Imports. We specialize in the arrangement of various forms of Foreign Currency Credits for Corporates. We are internationally the most Preferred Bank by Export Credit Agencies for Guarantees in case of the Indian Clients or Projects.• Providing support to the correspondents in marketing and distribution of their products for various applications of the SBI and its clients. • Complaint Resolution of correspondents. . Our Primary focus is On Indian Clients. • Setting up Standard Settlement Instructions.

The vast network of branches spread all over the country which are authorized to handle trade related transactions. These activities will mainly involve financing the fund based and non fund based requirements of the project exporters. technical and other services. • Export of engineering goods on deferred payment terms • Execution of turnkey projects abroad • Execution of overseas civil construction contracts abroad • Exports of services are the contracts for export of consultancy. substantial presence overseas with branches/offices in all major commercial centers of the world covering all time zones and our strong network of correspondent relationship with top ranking banks in several countries adds to our competitive strengths to facilitate and meet various .The products and services provided under this scheme are listed as: 1] Arranging External Commercial Borrowings (ECB) 2] Arranging and participating in international loan syndication 3] Loans backed by Export Credit Agencies 4] Foreign currency loans under the FCNR (B) scheme 5] Import Finance for Indian corporates PROJECT EXPORT FINANCE State Bank of India is an active participant in the area of finance of Project export activities. Project export contracts are generally of high value and exporters undertaking them are required to offer competitive terms to be able to secure orders from foreign buyers in the face of stiff international competition.

subject to their fulfilling the specified eligibility norms. in the form of automatic renewal of limits after the three year tenure as also simplified method for effecting annual step-up in limits is being examined by the Bank.requirements of project exporters. subject to certain conditions. 100 crore simplified assessment in terms of Nayak Committee norms will be made within specified time norm not exceeding 25 days in case of new sanctions and 15 days in case of renewals. that the project exporters may need at the time of bidding and/ or for execution of the project are extended by the Bank. More over they also enjoy the comprehensive credentials in International banking community. The salient features of the scheme are as under: Assessment norms have been simplified and for units with export turnover up to Rs. both non fund and fund based. Standby limit of 20% will be sanctioned to all the SBI Exporters Gold Card holders over and above the sanctioned limit to meet credit demands arising out of receipt of sudden orders. Credit facilities offered by SBI are various types of credit facilities. TREASURY India's largest bank is also home to the country's biggest and most powerful Treasury. contributing to a major chunk of the total turnover in the money and forex markets. Through a network of state-of-the-art dealing rooms in India and . Further relaxations. EXPORTER GOLD CARD State Bank of India has launched "SBI EXPORTERS GOLD CARD SCHEME" to meet the working capital needs of exporters with good track record and credit worthiness.

The Rupee Treasury carries out the bank’s rupee-based treasury functions in the domestic market. SBI's relationships with over 700 correspondent banks are also leveraged in extracting maximum value from treasury operations. maturity profiles of assets and liabilities and interest rate risks. risk and asset-liability management aspects of the Bank's overseas offices. • Investments: SBI offers financial support through a wide spectrum of investment products that can substitute the traditional credit avenues of a corporate like commercial papers. Products and Services under this are: • Asset Liability Management (ALM): The ALM function comprises management of liquidity. backed by the assured expertise of informed professionals. securitized . the SBI extends round-the-clock support to clients in managing their forex and interest rate exposures. The TMG monitors the investment. SBI's treasury operations are channeled through the Rupee Treasury.abroad. preference shares. as per the norms of the Reserve Bank of India. the Forex Treasury and the Treasury Management Group. Broadly. non-convertible debentures. The Rupee Treasury deals in the domestic money and debt markets while the Forex Treasury deals mainly in the local foreign exchange market. these include asset liability management. investments and trading. The Rupee Treasury also manages the bank’s position regarding statutory requirements like the cash reserve ratio (CRR) and the statutory liquidity ratio (SLR).

paper. The Rupee Treasury handles the bank’s domestic investments. enable efficient interest risk management and optimize the cost of funds. . SBI invests in these instruments issued by your company. They can also be customized in terms of tenors and liquidity options. call money and other instruments. fixed and floating rate products. SBI’s relationships with over 700 correspondent banks and institutions across the globe enhance the strength of the Forex treasury. thus providing you a dynamic substitute for traditional credit options. The bank’s team of seasoned. corporate bonds. SBI invests in primary and secondary market equity as per its own discretion. both in the Interbank and Corporate Foreign Exchange markets. and deals with all the major corporates and institutions in all the financial centers in India and abroad. SBI is the biggest lender in call. The SBI is the country’s biggest and most important Forex Treasury. These products allow you to leverage the flexibility of financial markets. The bank’s dealing rooms provide 24-hour trading facilities and employs state-ofthe-art technology and information systems. skilled and professional dealers can tailor customized solutions that meet your specific requirements and extract maximum value out of each market situation. The bank’s trading operations are unmatched in size and value in the domestic market and cover government securities.

As the name implies the department monitors the management of treasury functions at SBI’s foreign offices including asset liability management. apart from compliance with the regulatory requirements of the host country.The FX Treasury can also structure and facilitate execution of derivatives including long term rupee-foreign currency swaps. The activites include appraisal of the performance of the foreign offices broad parameters such as income earned from investment operations. The main objectives of investment operations at our foreign offices. rupee-foreign currency interest rate swaps and cross currency swaps. (b) optimisation of profits from investment operations and (c) maintenance of liquidity. Products and Services included here are: • Asset Liability Management (ALM): The ALM function comprises management of liquidity. • Investments: Monitoring of investment operations of the foreign offices of the bank is one of the principal activities of TMG. maturity profiles of assets and liabilities and interest rate risks at the foreign offices. composition and . are (a) safety of the funds invested. OVERSEAS TREASURY OPERATION The Treasury Management Group (TMG) is a part of the International Banking Group (IBG) and functions under the Chief General Manager (Foreign Offices). investments and forex operations. Investment operations are conducted in accordance with the investment policy for foreign offices formulated by TMG.

performance vis-à-vis the budgeted targets and the market value of the portfolio.foreign currency swaps. PMS was set up exclusively for management of investments of Social Security funds and custody of the securities related thereto. foreign currency interest rate swaps. • Forex monitoring: Monitoring of forex operations of our foreign offices is done with the objective of optimising of returns while managing the attendant risks. • Forex and Interest rate (Foreign Currency) derivatives: TMG also plays an important role in structuring.size of the portfolio. The PMS forms part of the Treasury Dept. • Reciprocal Lines: The department is also responsible for maintenance of reciprocal lines with international banks. even the most sophisticated investors are finding it difficult to address day to day investment concerns. of State Bank of India. facilitating execution of foreign currency derivatives including currency options. Commodity hedging is one of the recent activities taken up by TMG. long term rupee . cross currency swaps and forward rate agreements. The Portfolio Management Services Section (PMS) of State bank of has been set up to handle investment and regulatory related concerns of Institutional investors functioning in the area of Social Security. and is based at Mumbai. In the increasingly complex regulatory and investment environment of today. marketing. such as • Adherence to stated investment objectives • Security selection quality considerations • Conformity to policy constraints • Investment returns India .

• Open foreign currency accounts abroad as well as with other OBUs in India Trade in foreign currencies in the overseas market and also with banks in India where both legs of the transactions are denominated in foreign currencies.096 on 17th July 2003 . foreign exchange resources for meeting local expenses Buy Rupees from an Authorised Dealer in India to fund the Special Rupee .another landmark in the history of India's Financial Sector.The team manning the PMS Section consists of highly experienced officers of State Bank of India. Provide customised loan and liability products for the benefit of clients Maintain Special Rupee account with an Authorised Dealer in India out of the convertible Account. • Transact in foreign exchange with residents in India who are eligible to enter into or undertake such transactions in terms of various Rules and Regulations as framed under Foreign Exchange Management Act. New Bank Building. The capabilities of the team range from Investment Management and Custody to Information Reporting. Andheri (East) Mumbai 400. OFFSHORE BANKING State Bank of India has opened the first Offshore Banking Unit (OBU) in India at the SEEPZ Special Economic Zone. who have the required depth of knowledge to handle large investment portfolios and address the concern of large investors. 1999. The OBU will be deemed as an overseas branch of the Bank and undertake the following activities: • Raise funds in convertible foreign currency as deposits and borrowings from Non Residents sources.

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