Professional Documents
Culture Documents
State Bank of India (SBI) ) is the largest Indian banking and financial services provides a range of banking products
The State Bank Group, with over 16,000 branches, With an asset base of $352 billion and $285 billion in deposits.
market share among Indian commercial banks of about 20% in deposits and loans Sbi provide more than 8500 ATM service to customer.
It was established in 1942, during the reign of the last Nizam of Hyderabad, Mir Osman Ali Khan.
In 1956, the bank absorbed, by merger, the Mercantile Bank of Hyderabad, which Raja Pannalal Pitti had founded in 1935. its entire share capital was vested with the Reserve Bank of India.
State Bank of Mysore was established in the year 1913 as Bank of Mysore Ltd. in March 1960, the Bank became an Associate of State Bank of India. State Bank of India holds 92.33% of shares. This bank has in excess of 650 branches, and 10200 employees. The bank has regional offices in Bengaluru, Mysore, Mangalore, Mandya, Hassan, Shimoga, Davanegere, Bellary, Tumkur, Kolar, Chennai, Coimbatore, Hyderabad, Mumbai and New Delhi. The bank's turnover in the year 2008-2009 was around US$10 Billion and Profit about US$65 Million
State Bank of Travancore (SBT), is a subsidiary of the State Bank Group and also has private share-holders.