AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

State Bank of India

State Bank Of India
Company nameState Bank of India
Company typePublic
NSE - SBIN
BSE - 500112
Lse - SBID
Slogan"The nation banks on us"
IndustryBanking
Financial services
Founded1 July 1955
HeadquartersMumbai, Maharashtra, India
Key peoplePratip Chaudhuri
(Chairman)
ProductsInvestment Banking
Consumer Banking
Commercial Banking
Retail Banking
Private Banking
Asset Management
Pensions
Mortgages
Credit Cards
Revenue(+) $29.728 billion (2010)
Operating income(+) $5.507 billion (2010)
Net income(+) $2.668 billion (2010)
Total assets(+) $322.077 billion (2010)
Total equity(+) $19.048 billion (2010)
Employees200,299 (2010)

     Home | Company | State Bank Of India



State Bank of India (SBI) (NSE - SBIN, BSE - 500112, Lse - SBID) is the largest Indian banking and financial services company (by turnover and total assets) with its headquarters in Mumbai, India. It is state-owned. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banks, Bank of Calcutta and Bank of Bombay to form Imperial Bank of India, which in turn became State Bank of India. The government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.

SBI provides a range of banking products through its vast network of branches in India and overseas, including products aimed at non-resident Indians (NRIs). The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. It also has around 130 branches overseas. With an asset base of $352 billion and $285 billion in deposits, it is a regional banking behemoth and is one of the largest financial institution in the world. It has a market share among Indian commercial banks of about 20% in deposits and loans.

The State Bank of India is the 29th most reputed company in the world according to Forbes. 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.

The State Bank of India is the largest of the Big Four banks of India, along with ICICI Bank, Punjab National Bank and HDFC Bank-its main competitors.

.

State Bank Of India Video

TRIVIKRAM R MATTOO DOES THE BIGGEST AD CAMPAIGN OF THE YEAR FOR SBI (STATE BANK OF INDIA) AS THE UBIQOTIOUS CHIMANLAL CHARLIE-A HOUSE HOLD NAME.THE AWARD WINNING BEST AD OF 05.AWESOME IS AN UNDERSTATEMENT FOR THIS AD..IF U HAVNT SEEN THIS,U HAVNT SEEN ANYTHING.SO DONT BE A LEFT OUT IGNORANT...BETTA WATCH DIS.
1.12 min. | 4.60 user rating
News link: punjabijanta.com Bank robbery caught on CC security camera tapes at State Bank of India branch on Chandigarh Road in Ludhiana, Punjab (Lohara). Sharheyaam chori keeti ja rahi aa Ludhiane vich. Dekhleyo eh paghan banke chori karde murakh.
6.02 min. | 4.12 user rating
This is the latest television commercial to create awareness and promote usage of net banking services from India's largest Bank-State Bank of India. The Creative Rationale is very simple: More and More people are now "Online"...so forget "Inline" (refering to Queue) banking and migrate to "Online Banking"...the most convenient, easy and secure mode of banking.
0.85 min. | 5.0 user rating
State Bank of India has just produced a new television commercial with VeriFone devices. The TV spot cleverly emphasizes the convenience of card transactions over cash and shows consumers using their card versus having to find the nearest ATM.
1.17 min. | 5.0 user rating
Director: Dada Kondke Stars: Shakti Kapoor, Huma Khan and Dada Kondke Shakti Kapoor Huma Khan Dada Kondke Raza Murad Satish Shah Swapna Manorama Wagle www.rediff.com State Bank of India deputy managing director Pratip Chaudhuri is likely to replace incumbent chairman OP Bhatt when he retires in March 2011 after completing his five-year term. The finance ministry has cleared Chaudhuri for the top job at the country's largest bank. The selection is subject to approval by the appointments committee of the Cabinet and the Prime Minister. Chaudhuri, who is also group executive of international banking at the state-run lender, was actually interviewed for the managing director's post earlier this month, along with three other deputy managing directors: Hemant Contractor (head of corporate & wholesale banking), K Krishna Kumar (head of IT), and Diwakar Gupta (head of rural & national banking). The four were also candidates to the top job at SBI [ Get Quote ]. A search committee headed by Reserve Bank of India Governor D Subbarao [ Images ] shortlisted the names of Chaudhuri and Contractor for the post. With the selection of Chaudhuri as SBI chairman, Contractor, Gupta and Kumar will be made managing directors. SBI will have four managing directors, following a recent amendment to the SBI Act, which increased the number of posts. At present, SBI has only one managing director, R Sridharan, after SK Bhattacharya retired in October. Sridharan is due to retire in June. Sources said <b>...</b>
14.70 min. | 0 user rating
Directed by Vijay, Cinematography Nirav Shah, A Venus Ad Films production
1.02 min. | 5.0 user rating
Director: Dada Kondke Stars: Shakti Kapoor, Huma Khan and Dada Kondke Shakti Kapoor Huma Khan Dada Kondke Raza Murad Satish Shah Swapna Manorama Wagle www.rediff.com State Bank of India deputy managing director Pratip Chaudhuri is likely to replace incumbent chairman OP Bhatt when he retires in March 2011 after completing his five-year term. The finance ministry has cleared Chaudhuri for the top job at the country's largest bank. The selection is subject to approval by the appointments committee of the Cabinet and the Prime Minister. Chaudhuri, who is also group executive of international banking at the state-run lender, was actually interviewed for the managing director's post earlier this month, along with three other deputy managing directors: Hemant Contractor (head of corporate & wholesale banking), K Krishna Kumar (head of IT), and Diwakar Gupta (head of rural & national banking). The four were also candidates to the top job at SBI [ Get Quote ]. A search committee headed by Reserve Bank of India Governor D Subbarao [ Images ] shortlisted the names of Chaudhuri and Contractor for the post. With the selection of Chaudhuri as SBI chairman, Contractor, Gupta and Kumar will be made managing directors. SBI will have four managing directors, following a recent amendment to the SBI Act, which increased the number of posts. At present, SBI has only one managing director, R Sridharan, after SK Bhattacharya retired in October. Sridharan is due to retire in June. Sources said <b>...</b>
14.70 min. | 0 user rating
Om Prakash Bhatt | The chairman in a hurry www.livemint.com MOUNTING NPAS NECESSITATES A SEPARATE FINANCIAL COURT AND THE COUNTRY'S LARGEST BANK SHOULD NOT NEED MERGERS TO COVER UP ITS DEBTS AND LOSSES , ESPECIALLY IF IT IS LISTED ON THE LONDON STOCK EXCHANGE! WHAT IS THE NEED FOR A MERGER WHEN ALL THE BANKS ARE HEALTHY AND CATERING TO THEIR OWN PARTICULAR ZONES AND CLIENTELE. ALCO IS THERE IF EATING UP INDIAN ECONOMY IS THE BASIS OF A MERGER! Bhatt also wants to merge the associate banks with SBI to build scale. He initiated this exercise last year with a proposal to merge State Bank of Saurashtra, the smallest of the associate banks. The proposal is awaiting government approval. It is taking a little time but the merger is inevitable. Currently, there is a positive environment created for consolidation within the SBI family. We will not push for it but (will) pursue individual cases. It will be easier to merge the unlisted banks first, he says. In the mid-1990s, consultancy firm McKinsey and Co. had suggested the merger of seven associate banks with SBI or among themselves. But, none of Bhatts predecessors made any move in the face of stiff resistance from trade unions. He seems to excel at getting the best out of his colleagues. So, before we get up, I ask him a very uncomfortable question: Why is he taking away powers from his managing directors (MDs)? Earlier, the banks two MDs were looking after national banking and corporate banking. Now, these portfolios have been <b>...</b>
4.55 min. | 5.0 user rating
A glitch in OnlineSBI, State Bank of India's online banking system that doesn't disable 'high security transaction' settings(an SMS containing a transaction code is sent to your cellphone, which has to be entered to complete a transaction) when you disable it from the website. Since SMSes are banned in J&K, this is a big conundrum. Obviously, there's a simple workaround. WORKAROUND - If you have a relative outside J&K, tell them that they'll get an SMS containing a 4 digit number which they should tell you. Now change the mobile number in your OnlineSBI's profile to your relative's. SBI is an obdurate, it has messed up a lot. Many of it's 'Yuva card' users face a lot of problems, which the banking giant doesn't resolve even after 6 months of consistent complaining. Now the slapdash system of it's website corroborates to the fact that things need to be changed....
3.18 min. | 5.0 user rating
Director: Dada Kondke Stars: Shakti Kapoor, Huma Khan and Dada Kondke Shakti Kapoor Huma Khan Dada Kondke Raza Murad Satish Shah Swapna Manorama Wagle www.rediff.com State Bank of India deputy managing director Pratip Chaudhuri is likely to replace incumbent chairman OP Bhatt when he retires in March 2011 after completing his five-year term. The finance ministry has cleared Chaudhuri for the top job at the country's largest bank. The selection is subject to approval by the appointments committee of the Cabinet and the Prime Minister. Chaudhuri, who is also group executive of international banking at the state-run lender, was actually interviewed for the managing director's post earlier this month, along with three other deputy managing directors: Hemant Contractor (head of corporate & wholesale banking), K Krishna Kumar (head of IT), and Diwakar Gupta (head of rural & national banking). The four were also candidates to the top job at SBI [ Get Quote ]. A search committee headed by Reserve Bank of India Governor D Subbarao [ Images ] shortlisted the names of Chaudhuri and Contractor for the post. With the selection of Chaudhuri as SBI chairman, Contractor, Gupta and Kumar will be made managing directors. SBI will have four managing directors, following a recent amendment to the SBI Act, which increased the number of posts. At present, SBI has only one managing director, R Sridharan, after SK Bhattacharya retired in October. Sridharan is due to retire in June. Sources said <b>...</b>
14.78 min. | 0 user rating

Latest News : State Bank Of India : Tweet this RSS

Want to State Bank Of India latest news on your twitter account???   sign in with twitter
State Bank Of India     sign in with twitter   ||  Company     sign in with twitter   ||  Economy     sign in with twitter
News Roundup: Religare May Buy 60% In Realty Fund Indiareit - VC Circle Tweet this news
VC Circle--(HBL) GE Cap May By Into -SBI's- Trading Finance Biz - -State Bank of India- and GE Capital are believed to have initiated talks to rope in the latter as a ... - Date : Tue, 02 Nov 2010 02:40:37 GMT+00:00
Sensex falls marginally post RBI rate hike - Myiris.com Tweet this news
Myiris.com--It was followed by HDFC Bank (13.3 points), -State Bank Of India- (11.39 points), Grasim Industries (6.22 points) and ACC (5.34 points). ... - Date : Tue, 02 Nov 2010 06:39:47 GMT+00:00
Banks support India microfinance - BBC News Tweet this news
BBC News--India's banking industry has thrown its support behind microfinance lenders after weeks of upheaval and confusion. Major banks like the -State Bank of India-, ... - Date : Mon, 01 Nov 2010 20:08:02 GMT+00:00
Contractor, Chaudhuri in race for SBI MD's post - Sify Tweet this news
Sify---State Bank of India- (-SBI-) Deputy Managing Directors Hemant Contractor and Pratip Chaudhuri have been identified as possible candidates for promotion as the ... - Date : Mon, 01 Nov 2010 20:17:08 GMT+00:00
Indian shares steady; realty falls on tighter norms - Reuters Tweet this news
Reuters---State Bank of India- (-SBI-.BO) was up 0.2 percent, while ICICI Bank (ICBK.BO) was barely changed. Neeraj Dewan, director of Quantum Securities in New Delhi, ... - Date : Tue, 02 Nov 2010 11:01:02 GMT+00:00
RBI asks banks to keep more money aside for teaser rates - Economic Times Tweet this news
Economic Times--Teaser home loans are provided by some banks like industry leader -State Bank of India- to offer the product at low interest rates for initial years, ... - Date : Tue, 02 Nov 2010 09:28:32 GMT+00:00
SBI plans for a strategic expansion of business involving credit cards - TopINews Tweet this news
TopINews--The -State Bank of India- has announced its return in the field of credit cards and intends to expand this line of business by strategically curbing its ... - Date : Tue, 02 Nov 2010 07:36:16 GMT+00:00
State Bank of India to open London headquarters this year - Telegraph.co.uk Tweet this news
Telegraph.co.uk--The -State Bank of India-, India's oldest commercial bank, will open its European head-quarters in London later this year. By James Hall, in Mumbai The move ... - Date : Thu, 29 Jul 2010 05:20:53 GMT+00:00
India's IDBI Bank Launches 5.5-Year Benchmark Dollar Bond - Source - Wall Street Journal Tweet this news
Wall Street Journal--IDBI Bank's offering comes after -State Bank of India's- (500112.BY) $1 billion bond sold last week, which saw strong demand from investors. ... - Date : Thu, 29 Jul 2010 10:36:13 GMT+00:00
Union Bank to set up UK banking subsidiary - Business Standard Tweet this news
Business Standard--Punjab National Bank and ICICI Bank had also opted for the subsidiary route to establish and grow their presence in Britain. -State Bank of India-, ... - Date : Sun, 01 Aug 2010 15:58:28 GMT+00:00

IN Banking in India

Central bankReserve Bank of India
Nationalised banksAllahabad Bank * Andhra Bank * Bank of Baroda * Bank of India * Bank of Maharashtra * Canara Bank * Central Bank of India * Corporation Bank * Dena Bank * IDBI Bank * Indian Bank * Indian Overseas Bank * Oriental Bank of Commerce * Punjab & Sind Bank * Punjab National Bank * Syndicate Bank * UCO Bank * Union Bank of India * United Bank of India * Vijaya Bank
State Bank GroupState Bank of India * State Bank of Bikaner & Jaipur * State Bank of Hyderabad * State Bank of Indore * State Bank of Mysore * State Bank of Patiala * State Bank of Travancore
Private banksAxis Bank * Bank of Rajasthan * Bharat Overseas Bank * Catholic Syrian Bank * City Union Bank * Development Credit Bank * Dhanalakshmi Bank * Federal Bank * Ganesh Bank of Kurundwad * HDFC Bank * ICICI Bank * IndusInd Bank * ING Vysya Bank * Jammu & Kashmir Bank * Karnataka Bank Limited * Karur Vysya Bank * Kotak Mahindra Bank * Lakshmi Vilas Bank * Nainital Bank * Ratnakar Bank * Rupee Bank * Saraswat Bank * SBI Commercial and International Bank * South Indian Bank * Tamilnad Mercantile Bank Limited * Yes Bank
Foreign bankABN AMRO * Abu Dhabi Commercial Bank * Antwerp Diamond Bank * Arab Bangladesh Bank * Bank International Indonesia * Bank of America * Bank of Bahrain & Kuwait * Bank of Ceylon * Bank of Nova Scotia * Bank of Tokyo Mitsubishi UFJ * Barclays Bank * Citibank India * HSBC * Standard Chartered * Deutsche Bank * Royal Bank of Scotland
Regional Rural banksSouth Malabar Gramin Bank * North Malabar Gramin Bank * Pragathi Gramin Bank * Shreyas Gramin Bank
Financial ServicesReal Time Gross Settlement(RTGS) * National Electronic Fund Transfer (NEFT) * Structured Financial Messaging System (SFMS) * CashTree * Cashnet * Automated Teller Machine (ATM)



Privacy | Sitemap | Micra Hosting | USA Yellow Pages