State Bank of India

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State Bank of India


Public NSE: SBIN BSE: 500112 LSE: SBID


Banking Financial services

Founded Headquarters Key people

1 July 1955 Mumbai, Maharashtra,India Pratip Chaudhuri


Investment Banking Consumer Banking Commercial Banking Retail Banking Private Banking Asset Management Pensions

In 2008. It has a market share among Indian commercial banks of about 20% in deposits and loans. has the largest banking branch network in India.077 billion (2010)[1] $19. The bank traces its ancestry to British India.507 billion (2010)[1] $2. It is state-owned.[2] .668 billion (2010)[1] $322.048 billion (2010)[1] 200. it is a regional banking behemoth and is one of the largest financial institution in the world. and renamed it the State Bank of India. BSE: 500112. including products aimed at non-resident Indians (NRIs). with over 16. the government took over the stake held by the Reserve Bank of India. Bank of Calcutta and Bank of Bombay to form Imperial Bank of India. which in turn became State Bank of State Bank of India (SBI) (NSE: SBIN.000 branches. making it the oldest commercial bank in the Indian Subcontinent. with the Reserve Bank of India taking a 60% stake. It also has around 130 branches overseas. Bank of Madras merged into the other two presidency banks. The government of India nationalized the Imperial Bank of India in 1955.728 billion (2010)[1] $5. LSE: SBID) is the largest Indianbanking and financial services company (by turnover and total assets) with its headquarters inMumbai. India. With an asset base of $352 billion and $285 billion in deposits. SBI provides a range of banking products through its vast network of branches in India and overseas. through theImperial Bank of India.Mortgages Credit Cards Revenue Operating income Profit Total assets Total equity Employees Website $29. The State Bank Group.299 (2010)[1] Statebankofindia. to the founding in 1806 of the Bank of Calcutta.

The Bank of Bengal was one of three Presidency banks. along with ICICI Bank. The roots of the State Bank of India rest in the first decade of 19th century.[4] The State Bank of India is the largest of the Big Four banks of India. Contents [hide] • • • • • • • • • 1 History 2 International presence 3 Associate banks 4 Branches of SBI 5 SBI Bank branches Locations 6 Symbol and slogan 7 Recent Awards and Recognitions 8 References 9 External links [edit]History State Bank of India Mumbai Main Branch.[5] . the other . later renamed the Bank of Bengal.Punjab National Bank and HDFC Bank—its main competitors. was established on 2 June 1806.The State Bank of India is the 29th most reputed company in the world according to Forbes. when the Bank of Calcutta.[3]Also SBI is the only bank featured in the coveted "top 10 brands of India" list in an annual survey conducted by Brand Finance and The Economic Times in 2010.

On 13 September 2008. acquired a controlling interest in the Imperial Bank of India. the State Bank of Travancore. which is India's central bank. the government passed the State Bank of India (Subsidiary Banks) Act. and the reorganized banking entity took as its name: Imperial Bank of India. The Presidency banks amalgamated on 27 January 1921. For instance. Hong Kong. the Imperial Bank of India became the State Bank of India. one of its associate banks. Frankfurt. enabling the State Bank of India to take over eight former state-associated banks as its subsidiaries. These three banks received the exclusive right to issue paper currency in 1861 with the Paper Currency Act. which had 120 branches. Male in . the bank had 151 overseas offices spread over 32 countries. In 1959. All three Presidency banks were incorporated as joint stock companies and were the result of the royal charters. already had an extensive network in Kerala. SBI was the acquirer as its affiliate. The government of India recently acquired the Reserve Bank of India's stake in SBI so as to remove any conflict of interest because the RBI is the country's banking regulatory authority. SBI has acquired local banks in rescues. [edit]International presence The Israeli branch of the State Bank of India located in Ramat Gan. Dhaka. On 30 April 1955. it acquired the Bank of Cochin in Kerala. As of 31 December 2009. in 1985. the State Bank of Saurashtra. merged with the State Bank of India. It has branches of the parent in Colombo. the Reserve Bank of India. Johannesburg. a right they retained until the formation of the Reserve Bank of India.two being the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843). The Imperial Bank of India remained a joint stock company Pursuant to the provisions of the State Bank of India Act (1955). London.Los Angeles. Tehran.

SBI owns 60% of Commercial Bank of India. State Bank of India (California). It also has an ADB in Boston. In Moscow. Canoga Park.eight branches in the state of California and one in Washington. it owns 76% of PT Bank Indo Monex. it established an offshore bank: State Bank of India (Mauritius). San Diego and Bakersfield. In 1990. D. The Canadian subsidiary. The State Bank of India already has a branch in Shanghai and plans to open one in Tianjin. This bank began in 1981 as the IndoNigerian Merchant Bank and received permission in 2002 to commence retail banking. It has offshore banking units in the Bahamas. with Canara Bank owning the rest. The 9th branch was opened in Tustin. Artesia. SBI operates as INMB Bank. Sydney. and representative offices in Bhutan andCape Town.the Maldives. which has branches throughout the country. New York. California on 7th March. In 1982. Bahrain. which it acquired for US$8 million in October 2005. 2011. the bank established a subsidiary. and Singapore. State Bank of India owns 76% of Giro Commercial Bank. San Jose. Fresno. In Indonesia. Muscat. SBI operates several foreign subsidiaries or affiliates.[7] [edit]Associate banks      SBI has FIVE associate banks: State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Mysore State Bank of Patiala State Bank of Travancore . It has seven branches. which now has nine branches . four in the Toronto area and three in British Columbia.C. State Bank of India (Canada) also dates to 1982. USA. The other seven branches in California are located in Los Angeles. and Tokyo. Osaka. It now has five branches in Nigeria. SBI owns 50% of Nepal SBI Bank.[6] In Kenya. In Nigeria. In Nepal.

[8] The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtra merged with SBI. Also. following the acquisition. All use the same logo of a blue keyhole and all the associates use the "State Bank of" name. reducing the number of state banks from seven to six. emphasizing the development of rural India. Then on 19 June 2009 the SBI board approved the merger of its subsidiary.3% in State Bank of Indore. Originally. There has been a proposal to merge all the associate banks into SBI to create a "mega bank" and streamline operations. the government integrated these banks into the State Bank of India system to expand its rural outreach. with itself. SBI holds 98. SBI's total assets will inch very close to the Rs 10-lakh crore mark.119 crore as on March 2009.[10] State Bank of India Mumbai LHO. Total assets of SBI and the State Bank of Indore stood at Rs 998.77%. State Bank of Indore.Earliar SBI had only seven associate banks that constituted the State Bank Group.448 and over 21. .)[9] The acquisition of State Bank of Indore added 470 branches to SBI's existing network of 12. (Individuals who held the shares prior to its takeover by the government hold the balance of 1.000 ATMs. the then seven banks that became the associate banks belonged to princely states until the government nationalised them between October 1959 and May 1960. The process of merging of State Bank of Indore was completed by April 2010. In tune with the first Five Year Plan. and the SBI Indore Branches started functioning as SBI branches on 26 August 2010. [edit]Branches of SBI  State Bank of India has 131 foreign offices in 32 countries across the globe. followed by the regional headquarters' name.

 SBI includes 99345 offices in India. A circle depicts perfection and the common man being the centre of the bank's business. including branches that belong to its associate banks.  SBI has 26. [3]   [edit]Symbol and slogan  The symbol of the State Bank of India is a circle and not key hole and a small man at the centre of the circle. [2] State Bank of India MICR codes can be found easily using Bank MICR Code.  Slogans  With you all the way  Pure banking nothing else  The Banker to every Indian  The Nation banks on us [edit]Recent Awards and Recognitions  Best Online Banking Award. the day of his retirement).500 branches.000 ATMs (25.Bhatt on 31st March 2011. [edit]SBI Bank branches Locations  To find about the nearest SBI branches one can use Branch Locations In.P.000 ATMs. SBI has about 25.000th ATM was inaugurated by the then Chairman of State Bank Shri O. Best Customer Initiative Award & Best Risk Management Award (Runner Up) by IBA Banking Technology Awards 2010 . [1] To find know IFSC Codes for State Bank of India branches one can use the IFSC code Bank. and SBI group(including associate banks) has about 45.

Livemint.Large and Most Socially Responsible Bank by the Business Bank Awards 2009  Best Bank 2009 by Business India  The Most Trusted Brand 2009 by The Economic Times  Most Preferred Bank & Most preferred Home loan provider by CNBC  Visionaries of Financial Inclusion By FINO  Technology Bank of the Year by IBA Banking Technology Awards  SKOCH Award 2010 for Virtual corporation Category for its e-payment solution [edit]References 1. the free encyclopedia". 4. ^ "State Bank of India to set up branch in China's Tianjin". Forbes. . ^ "Indian Banks' Association". 7. Forbes. business. 6. "World's Most Reputable Companies: The Rankings".in. Iba. Retrieved 2010-08-20. Retrieved 2010-12-21. Retrieved 8. ^ a b c d e f "2010 Form 10-K. ^ "SBI accounts for one-fifth of country's loans". India (won the second year in a row) by The Banker Magazine  Best Bank . The Bank of the year 2009. Retrieved 201008-20. 2005-04-23. Hoovers.wikipedia. Retrieved 26 Oct 2010. ^ "India's top 10 brands". ^ "State Bank of India Acquired 76% Shareholding in Giro Commercial Bank In 2005". 5. State Bank of India". ^ "Big Four (banks) . 2. Klaus (6 May 2009). Retrieved 2010-12-21. Retrieved 2010-07-16. ^ Kneale. En.

"State Bank of Indore branches to become SBI units from Aug 26 : SBI". "Approvals for State Bank of Indore merger by July : SBI".Mutual Fund subsidiary of SBI SBI Life Insurance [hide]v · d · e Banking in India Central bank Reserve Bank of India · NABARD Allahabad Bank · Andhra Bank · Bank of Baroda · Bank of India · Bank of Maharashtra · C Nationalised banks Bank · Dena Bank · IDBI Bank · Indian Bank · Indian Overseas Bank · Oriental Bank of Co Bank · Syndicate Bank · UCO Bank · Union Bank of India · United Bank of India · Vijaya B State Bank Group State Bank of India · State Bank of Bikaner & Jaipur · State Bank of Hyderabad · State Ba Patiala · State Bank of Travancore Axis Bank · Bank of Rajasthan · Catholic Syrian Bank · Dhanalakshmi Bank · South Indian Private banks Bank · ICICI Bank · IndusInd Bank · ING Vysya Bank · Jammu & Kashmir Bank · Karnata Bank ABN AMRO · Abu Dhabi Commercial Bank · Antwerp Diamond Bank · Arab Bangladesh Bank · Lakshmi Vilas Bank · Nainital Bank · Ratnakar Bank · Saraswat Bank · Tamilnad M Foreign banks America · Bank of Bahrain and Kuwait · Bank of Ceylon · Bank of Nova Scotia · The Bank India · Credit Suisse · HSBC · Standard Chartered · Deutsche Bank · Royal Bank of Scotla . ^ Business Standard (21-June-2010). [edit]External links        Official site IFSC Codes for all SBI branches State Bank of India Branch Locations State Bank of India MICR Codes for branches IFSC Codes of SBI Branches SBI Mutual Fund .9. ^ Economic Times (26-August-2010). The Times Of India. 10.

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