State Bank of India

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State_Bank_of_India

Image:State bank of india.png

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Info

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Image:Bank of Bengal.jpg
Offices of the Bank of Bengal

State Bank of India (SBI) is the largest bank in India. It is also, measured by the number of branch offices and employees, the largest bank in the world. It recently celebrated its 200th anniversary. It has laid emphasis on reducing the huge manpower through Golden handshake schemes and computerizing its operations. It has an asset base of $126 billion and is a regional banking behemoth. It is a nationalised bank with the Reserve Bank of India having a 60% stake which is likely to be reduced.

There are seven other associate banks that fall under SBI. They all use the "State Bank of" name followed by the regional headquarters name. These were originally banks belonging to "princely states" and were therefore nationalised. The State Bank group refers to the 7 associates and the parent bank. All the banks use the same logo of a blue keyhole. There has been a proposal to merge all the associate banks into SBI to create a "mega bank" and streamline operations.

  • State Bank of Indore
  • State Bank of Bikaner & Jaipur
  • State Bank of Saurashtra
  • State Bank of Hyderabad
  • State Bank of Mysore
  • State Bank of Patiala
  • State Bank of Trivancore
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Evolution

Bank of Bengal

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External links

  • Main SBI Site
  • SBI, United States Operations
  • Online SBI


News

  • State Bank’s second float likely by next fiscal - Daily News & Analysis
  • India shares hit peak on fund flow - Reuters India
  • SBI, Datacraft Cross Networking Benchmark - EFYTimes
  • State Bank of India hikes service charges - Newindpress (subscription)
  • State Bank of India gets approval in principle to open branch in ... - Port2Port
  • Banking System in Bihar - Patna Daily
  • Sensex zooms 192 pts at close - Sify
  • State Bank of India eyes overseas acquisitions - Hindustan Times
  • State Bank of India plans Chinese branch - Banking Business Review
  • Sensex hits a new high @ 13:20 hrs - Sify
  • ... more news

Related articles

Image:Wikipedia-small.png Wikipedia article about State Bank of India (search). This article uses material from that article.
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