State Bank of India

State Bank Of India

State Bank of India is the largest banking and financial service company in India. It has highest market capital. The head quarter of State Bank of India is in Mumbai, Maharashtra.It has 370 billion dollar assets and more than 3 billion dollar profit. It is ranked (232) with in the top 500 fortune company list in 2011.

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.

Operational:

It operates different parts of the World. It was founded in 1 July 1955 .It has more than 13000 plus outlets and 150 overseas branches.

Branches:

SBI has more than 16000 branches and 14 local head offices in different states of India, 57 Zonal Offices that are located at important cities throughout the country. It also has around 150 branches overseas. It has more than 21000 ATMs in different parts of the world.

Website:         www.statebankofindia.com

Type:

SBI is owned by the Govt. of India. It has 60% stake by the Reserve Bank of India.

 Employee

It has more than 222,933 employee (in 2011).SBI is the third largest company after Coal India Limited (383,347) and Tata Consultancy Services (226,751).

Services and products

SBI provides different Banking and financial services .It has number of products like Credit cards, Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management.

Punch Line/Slogan:          “Pure banking nothing else”

Symbol: The symbol of the State Bank of India is a circle and not key hole and a small man at the center of the circle. A circle depicts perfection and the common man being the center of the bank's business.

Group of SBI:

State Bank of Bikaner & Jaipur

State Bank of Hyderabad

State Bank of Mysore

State Bank of Patiala

State Bank of Travancore

SBI Non Banking Group of company:

SBI Capital Markets Ltd

SBI Funds Management Pvt Ltd

SBI Factors & Commercial Services Pvt Ltd

SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)

SBI DFHI Ltd

Awards:

Best Online Banking Award, Best Customer Initiative Award & Best Risk Management               

 Award (Runner Up) by IBA Banking Technology Awards 2010                              

The Bank of the year 2009, India (won the second year in a row) by The Banker Magazine

Best Bank – 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

      The Brand Trust Report 11th most trusted brand in India