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State
Bank of India (SBI)
Variants
is an Indian multinational,
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Public Sector banking and financial services company. It
Current events
isRandom
a government-owned
corporation with its headquarters
article
inDonate
Mumbai,
Maharashtra. As of December 2013, it had
to Wikipedia
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assets
of US$388
billion and 17,000 branches, including
190
foreign offices, making it the largest banking and
Interaction
Help services company in India by assets. [4][5]
financial
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State Bank of India
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State
Bank ofportal
India is one of the Big Four banks of India,
Community
Recent
changes
along
with
Bank of Baroda, Punjab National Bank and
Contact page [6][7]
Bank of India.
Type
Public
Tradedas
NSE:SBIN
BSE:500112
LSE:SBID
BSE SENSEX Constituent
CNX Nifty Constituent
Industry
Banking, Financial Services
Founded
2 June 1806 , Nationalization , 1 July 1955[1]
Tools
The bank traces its ancestry to British India, through the

What links here
Imperial
RelatedBank
changesof India, to the founding, in 1806, of the
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file
Bank
of Calcutta,
making it the oldest commercial bank
Special pages
in the
Indian Subcontinent. Bank of Madras merged into
Permanent link
the Page
otherinformation
two "presidency banks" in British India, Bank of
Calcutta
and
Wikidata
itemBank of Bombay, to form the Imperial Bank
Cite thiswhich
page in turn became the State Bank of India.[8]
of India,
Government
of India owned the Imperial Bank of India in
Print/export
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a book
1955,
with
Reserve Bank of India (India's Central Bank)
Download as PDF
taking a 60% stake, and renamed it the State Bank of
Printable version
India. In 2008, the government took over the stake held
Languages
by the Reserve Bank of India.
Deutsch
State
Bank of India is a regional banking behemoth and
Espaol
has 20% market share in deposits and loans among
Indian
commercial banks. [9]
Franais
Contents [hide]
Bahasa Indonesia
1 History
2 Operations
2.1 Domestic presence
Headquarters Mumbai, Maharashtra, India

Area served
Worldwide
Key people
Arundhati Bhattacharya
(Chairman)
Products
consumer banking, corporate banking, finance

and insurance, investment banking, mortgage
loans, private banking, private equity, savings,
Securities, asset management, wealth
management, Credit cards,
Revenue
210736 crore (US$34billion) (2013) [2][3]
Profit
17916 crore (US$2.9billion) (2013) [2][3]
Total assets
2374839 crore (US$380billion) (2013) [2][3]
Total equity
98884 crore (US$16billion) (2012) [2][3]
Owners
Government of India
Employees
222,033 (2014)
Website
www.sbi.co.in
2.2 International presence
Nederlands
http://en.wikipedia.org/wiki/State_Bank_of_India#cite_note-AR201213-2[25-Nov-14 10:51:14 PM]
2.3 Associate banks
2.4 Non-banking
subsidiaries
Simple English
2.5 Other SBI service points
3 Logo and slogan
4 Listings
and shareholding
5 Employees
Edit links
6 Recent awards and recognitions

7 Major competitors
8 See also
9 References
10 External links
History
[edit]
The roots of the State Bank of India lie in the first decade of the 19th century,
when the Bank of Calcutta, later renamed the Bank of Bengal, was established
on 2 June 1806. The Bank of Bengal was one of three Presidency banks, the
other two being the Bank of Bombay (incorporated on 15 April 1840) and the
Bank of Madras (incorporated on 1 July 1843). All three Presidency banks were
incorporated as joint stock companies and were the result of royal charters.
These three banks received the exclusive right to issue paper currency till 1861
when, with the Paper Currency Act, the right was taken over by the Government
of India. The Presidency banks amalgamated on 27 January 1921, and the reorganised banking entity took as its name Imperial Bank of India. The Imperial
Bank of India remained a joint stock company but without Government
participation.
Seal of Imperial Bank of India.
Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve Bank of India, which is India's central
bank, acquired a controlling interest in the Imperial Bank of India. On 1 July 1955, the Imperial Bank of India became
the State Bank of India. In 2008, the government of India 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.
In 1959, the government passed the State Bank of India (Subsidiary Banks) Act, which made eight state banks
associates of SBI. A process of consolidation began on 13 September 2008, when the State Bank of Saurashtra merged
with SBI.
SBI has acquired local banks in rescues. The first was the Bank of Bihar (est. 1911), which SBI acquired in 1969,
together with its 28 branches. The next year SBI acquired National Bank of Lahore (est. 1942), which had 24
branches. Five years later, in 1975, SBI acquired Krishnaram Baldeo Bank, which had been established in 1916 in
Gwalior State, under the patronage of Maharaja Madho Rao Scindia. The bank had been the Dukan Pichadi, a small
moneylender, owned by the Maharaja. The new bank's first manager was Jall N. Broacha, a Parsi. In 1985, SBI
acquired the Bank of Cochin in Kerala, which had 120 branches. SBI was the acquirer as its affiliate, the State Bank of
Travancore, already had an extensive network in Kerala.

The State Bank of India and all its associate banks are identified by the same blue keyhole logo. The State Bank of
India wordmark usually has one standard typeface, but also utilises other typefaces.
On October 7, 2013, Arundhati Bhattacharya became the first woman to be appointed Chairperson of the bank. [10]
Operations
[edit]
SBI provides a range of banking products through its network of branches in India and overseas, including products
aimed at non-resident Indians (NRIs). SBI has 14 regional hubs and 57 Zonal Offices that are located at important
cities throughout India.
Domestic presence
[edit]
SBI has 14,816 branches in India, as on 31 March 2013, of which 9,851 (66%) were in Rural and Semi-urban areas.[2]
In the financial year 2012-13, its revenue was INR 200,560 Crores (US$36.9 billion), out of which domestic operations
contributed to 95.35% of revenue. Similarly, domestic operations contributed to 88.37% of total profits for the same
financial year.[2]
Under the Pradhan Mantri Jan Dhan Yojana of financial inclusion launched by Government in August 2014, SBI held
11,300 camps and opened over 30 lakhs accounts by September, which included 21.16 lakh accounts in rural areas and
8.8 lakh accounts in urban areas.[11]
International presence
[edit]
As of 28 June 2013, the bank had 180 overseas offices spread over 34 countries.
It has branches of the parent in Moscow, Colombo, Dhaka, Frankfurt, Hong
Kong, Tehran, Johannesburg, London, Los Angeles, Male in the Maldives,
Muscat, Dubai, New York, Osaka, Sydney, and Tokyo. It has offshore banking
units in the Bahamas, Bahrain, and Singapore, and representative offices in
Bhutan and Cape Town.
The Canadian subsidiary, State Bank of India (Canada) also dates to 1982. It has
seven branches, four in the Toronto area and three in the Vancouver area.
The Israeli branch of the State

Bank of India located in Ramat Gan.
SBI operates several foreign subsidiaries or affiliates. In 1990, it established an offshore bank: State Bank of India
(Mauritius). SBI (Mauritius) has 15 branches in major cities/towns of the country including Rodrigues.
SBI Sri Lanka now has three branches located in Colombo, Kandy and Jaffna.
The Jaffna branch was opened on 9 September 2013. SBI Sri Lanka, the oldest
bank in Sri Lanka, celebrated its 150th year in Sri Lanka on 1 July 2014.
In 1982, the bank established a subsidiary, State Bank of India (California),
which now has ten branches nine branches in the state of California and one
in Washington, D.C. The 10th branch was opened in Fremont, California on 28
March 2011. The other eight branches in California are located in Los Angeles,
Artesia, San Jose, Canoga Park, Fresno, San Diego, Tustin and Bakersfield.
In Nigeria, SBI operates as INMB Bank. This bank began in 1981 as the IndoNigerian Merchant Bank and received permission in 2002 to commence retail
banking. It now has five branches in Nigeria.
State Bank of India Branch at

Jaffna, Sri Lanka
In Nepal, SBI owns 55% of Nepal SBI Bank, which has branches throughout
the country. In Moscow, SBI owns 60% of Commercial Bank of India, with
Canara Bank owning the rest. In Indonesia, it owns 76% of PT Bank Indo
Monex.
The State Bank of India already has a branch in Shanghai and plans to open one
in Tianjin.[12]
In Kenya, State Bank of India owns 76% of Giro Commercial Bank, which it
acquired for US$8 million in October 2005.[13]
Associate banks
State Bank of India (S.B.I.)

Branch at Tsim Sha Tsui, Hong
Kong
[edit]
SBI has five associate banks; all use the State Bank of India logo, which is a
blue circle, and all use the "State Bank of" name, followed by the regional
headquarters' name:
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of Mysore
State Bank of Patiala
Main Branch of SBI in Mumbai.
State Bank of Travancore

Earlier SBI had seven associate banks, all of which had belonged to princely states until the government nationalised
them between October 1959 and May 1960. In tune with the first Five Year Plan, which prioritised the development of
rural India, the government integrated these banks into State Bank of India system to expand its rural outreach. There
has been a proposal to merge all the associate banks into SBI to create a "mega bank" and streamline the group's
operations.[14]
The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtra merged with SBI,
reducing the number of associate state banks from seven to six. Then on 19 June 2009 the SBI board approved the
absorption of State Bank of Indore. SBI holds 98.3% in State Bank of Indore. (Individuals who held the shares prior to
its takeover by the government hold the balance of 1.77%.)[15]
The acquisition of State Bank of Indore added 470 branches to SBI's existing network of branches. Also, following the
acquisition, SBI's total assets will inch very close to the 10 trillion mark (10 billion long scale). The total assets of
SBI and the State Bank of Indore stood at 9,981,190 million as of March 2009. The process of merging of State Bank
of Indore was completed by April 2010, and the SBI Indore branches started functioning as SBI branches on 26 August
2010.[16]
Non-banking subsidiaries
[edit]
Apart from its five associate banks, SBI also has the following non-banking
subsidiaries:
SBI Capital Markets Ltd
SBI Funds Management Pvt Ltd
SBI Factors & Commercial Services Pvt Ltd
SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)
State Bank of India Mumbai

LHO.
SBI DFHI Ltd

SBI Life Insurance Company Limited
SBI General Insurance
In March 2001, SBI (with 74% of the total capital), joined with BNP Paribas (with 26% of the remaining capital), to
form a joint venture life insurance company named SBI Life Insurance company Ltd. In 2004, SBI DFHI (Discount
and Finance House of India) was founded with its headquarters in Mumbai.
Other SBI service points
[edit]
As of 31 March 2014: SBI has 43,515 ATMs and SBI group (including associate banks) has 51,491 ATMs. SBI has
become the first bank to install an ATM at Drass in the Jammu & Kashmir Kargil region. This was the Bank's
27,032nd ATM on 27 July 2012.
Logo and slogan
[edit]
The logo of the State Bank of India is a blue circle with a small cut in the bottom that depicts perfection and the
small man the common man - being the center of the bank's business. The logo came from National Institute of
Design(NID), Ahmedabad and it was inspired by Kankaria Lake, Ahmedabad. [17]
Slogans: "PURE BANKING, NOTHING ELSE", "WITH YOU - ALL THE WAY", "A BANK OF THE
COMMON MAN", "THE BANKER TO EVERY INDIAN", "THE NATION BANKS ON US"
Listings and shareholding
[edit]
As on 31 March 2014, Government of India held around 58.59% equity shares in SBI. Life Insurance Corporation of
India is the largest non-promoter shareholder in the company with 14.99% shareholding.
Shareholders
Shareholding[18]
Promoters: Government of India 58.60%

Banks & Insurance Companies
16.79%
FIIs/GDRs/OCBs/NRIs
12.04%
Mutual Funds & UTI
03.78%
Private Corporate Bodies
02.87%
Others
5.92%
Total
100.0%
The equity shares of SBI are listed on the Bombay Stock Exchange,[19] where it is a constituent of the BSE SENSEX
index,[20] and the National Stock Exchange of India,[21] where it is a constituent of the S&P CNX Nifty.[22]
Its Global Depository Receipts (GDRs) are listed on the London Stock Exchange.[23]
Employees
[edit]
SBI is one of the largest employers in the country having 222,033 employees as on 31 March 2014, out of which there
were 45,132 female employees (20%) and 2,610 (1%) employees with disabilities. On the same date, SBI had 42,744
Schedule Caste (19%) and 17,243 Schedule Tribe (8%) employees. The percentage of Officers, Assistants and Substaff was 36%, 46% and 18% respectively on the same date Hiring drive: 1,776 Assistants and 1,394 Officers joined
the Bank in FY 2013-14, for expansion of the branch network and to mitigate staff shortage, particularly at rural and
semi-urban branches. Staff productivity: As per its Annual Report for FY 2013-14, each employee contributed net
profit of INR 4.85 lakhs.
Recent awards and recognitions
[edit]
SBI won the Best Bank award in the 'ASiAMONEY FX POLL OF POLLS 2014 for best overall performance as
domestic provider of Forex services over the last 10 years.[24]
SBI was ranked as the top bank in India based on tier 1 capital by The Banker magazine in a 2014 ranking.[25]
SBI was ranked 298th in the Fortune Global 500 rankings of the world's biggest corporations for the year 2012.[3]
SBI won "Best Public Sector Bank" award in the D&B India's study on 'India's Top Banks 2013'.[26][27]
State Bank of India won three IDRBT Banking Technology Excellence Awards 2013 for Electronic Payment
Systems, Best use of technology for Financial Inclusion, and Customer Management & Business Intelligence
in the large bank category. [28]
SBI won National Award for its performance in the implementation of Prime Ministers Employment Generation
Programme (PMEGP) scheme for the year 2012.[29]
Best Online Banking Award, Best Customer Initiative Award & Best Risk Management Award (Runner Up) by
IBA Banking Technology Awards 2010
SKOCH Award 2010 for Virtual corporation Category for its e-payment solution
SBI was the only bank featured in the "top 10 brands of India" list in an annual survey conducted by Brand
Finance and The Economic Times in 2010.[30]
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.
SBI was named the 29th most reputed company in the world according to Forbes 2009 rankings [31]
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
SBI was 50th Most Trusted brand in India as per the Brand Trust Report 2013,[32] an annual study conducted by
Trust Research Advisory, a brand analytics company and subsequently, in the Brand Trust Report 2014, SBI
finished as India's 19th Most Trusted Brand in India.[33][34]
Major competitors
[edit]
Some of the major competitors for SBI in the banking sector are Axis Bank, ICICI Bank, HDFC Bank, Punjab
National Bank, Bank of Baroda, IndusInd Bank, Canara Bank and Bank of India. However in terms of average market
share, SBI is by far the largest player in the market. [35]
See also
[edit]
Chairman of State Bank of India
References
[edit]
1. ^
18. ^ "Shareholding Pattern as on 30 June 2013" .
http://rbidocs.rbi.org.in/rdocs/content/PDFs/90028.pdf
2. ^ a b c d e f "Annual Report 2012-13"
. SBI. 23 May
2013. Retrieved 10 October 2013.

3. ^ a b c d e "Fortune 'Global 500' 2013:State Bank of
India" . CNN. Retrieved 10 October 2013.
4. ^ As India's Banks Wait In Fear Of The Rupee Hitting 70
To The Dollar, Here's A List Of The Best 10 Indian
Banks By Revenue . Ibtimes.com (2013-09-04).
Retrieved on 2013-12-06.
5. ^ History of the Evolution of SBI volumes 1, 2 and 3
and Banking Beyond Boundaries (Penguin, 2011)
6. ^ Total Assets.
http://www.moneycontrol.com/stocks/marketinfo/totassets/b
public-sector.html
7. ^
http://dnb.co.in/IndiaTopBanks2012/PDF/Total_Assets_Lis
8. ^ Banking Theory Law N Practice . Tata McGraw-Hill
Education. p.8. Retrieved Nov 4, 2014. |first1=
MoneyControl.com. Retrieved 10 October 2013.

19. ^ "State Bank of India" . BSEindia.com. Retrieved 11
October 2013.
20. ^ "Scripwise Weightages in S&P BSE SENSEX" . BSE
India. Retrieved 11 October 2013.
21. ^ "State Bank of India" . NSE India. Retrieved 11
October 2013.
22. ^ "Download List of CNX Nifty stocks (.csv)" . NSE
India. Retrieved 11 October 2013.
23. ^ "SBID State Bank of India GDR (Each Rep 2 SHS
INR10)" . London Stock Exchange. 11 Oct 1996.
Retrieved 11 October 2013.
24. ^ "SBI in News:SBI won the Best Bank award in the
'ASiAMONEY FX POLL OF POLLS 2014" .
25. ^ "The top five banks in India" . thebanker.com. 10
April 2014. Retrieved 11 April 2014.
26. ^ "SBI and HDFC Bank win top honors at D&B
Polaris Financial Technology Banking Awards 2013" .
missing |last1= in Authors list (help)
indiainfoline.com. 26 August 2013. Retrieved 10 October
9. ^ "SBI accounts for one-fifth of country's loans" .
2013.
Livemint.com. 25 January 2009. Retrieved 20 August
27. ^ "State Bank of India and HDFC Bank Limited win top
2010.
honours at the Dun & Bradstreet Polaris Financial
10. ^ "Arundhati Bhattacharya, first woman to head SBI" .
Technology Banking Awards 2013" . Dun & Bradstreet.
11. ^ "SBI takes lead in opening bank accounts under Jan
22 August 2013. Retrieved 10 October 2013.
Dhan Yojana" . The Economic Times. 11 Sep 2014.
28. ^ "SBI wins IDRBT Banking Technology Awards-
Retrieved 2014-09-30.
2013" . indiainfoline.com. 2 August 2013. Retrieved 10
12. ^ "State Bank of India to set up branch in China's
October 2013.
Tianjin" . Forbes. 21 November 2007. Retrieved 16
29. ^ "SBI wins National Award for implementation of
July 2010. [dead link]
PMEGP" . Business Standard. 5 April 2013. Retrieved
13. ^ "State Bank of India Acquired 76% Shareholding in
10 October 2013.
Giro Commercial Bank In 2005" .
30. ^ "India's top 10 brands" . business.rediff.com.
Accessmylibrary.com. 8 October 2005. Retrieved 21
Retrieved 26 Oct 2010.
December 2010.
31. ^ Kneale, Klaus (6 May 2009). "World's Most Reputable
14. ^ "Indian Banks' Association" . Iba.org.in. 23 April
Companies: The Rankings" . Forbes. Retrieved 20
2005. Retrieved 21 December 2010.
August 2010.
15. ^ Business Standard (21 June 2010). "Approvals for State
32. ^ "Brand Mahatma lags behind Sachin, Aamir: Study" .
Bank of Indore merger by July: SBI" .
India Today. 28 January 2011. Retrieved 10 October
16. ^ Economic Times (26 August 2010). "State Bank of
2013.
Indore branches to become SBI units from Aug 26:
33. ^ "The Economic Times" .
SBI" . The Times Of India.
34. ^ "Brand Trust Report 2014" .
17. ^ http://deshgujarat.com/2014/02/19/sbi-logo-was-
35. ^ "Competitors of SBI in India - Equitymaster" .
inspired-by-kankaria-lake/
External links
[edit]
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News about State Bank of India
SBI
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From Wikipedia, the free encyclopedia

Banking, Financial Services

2 June 1806 , Nationalization , 1 July 1955[1]

The bank traces its ancestry to British India, through the

Headquarters Mumbai, Maharashtra, India

consumer banking, corporate banking, finance

210736 crore (US$34billion) (2013) [2][3]

17916 crore (US$2.9billion) (2013) [2][3]

2374839 crore (US$380billion) (2013) [2][3]

98884 crore (US$16billion) (2012) [2][3]

2.2 International presence

http://en.wikipedia.org/wiki/State_Bank_of_India#cite_note-AR201213-2[25-Nov-14 10:51:14 PM]