STATE BANK OF INDIA

State Bank of India is an Indian multinational, Public Sector banking and financial services
company. It is a government-owned corporation with its headquarters in Mumbai,
Maharashtra. As of December 2013, it had assets of US$388 billion and 17,000 branches,
including 190 foreign offices, making it the largest banking and financial services company
in India by assets.
State Bank of India is one of the Big Four banks of India, along with Bank of
Baroda, Punjab National Bank and Bank of India.
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" in British India, Bank of
Calcutta and Bank of Bombay, to form the Imperial Bank of India, which in turn became the
State Bank of India. Government of India owned the Imperial Bank of India in 1955,
with Reserve Bank of India (India's Central Bank) 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.
State Bank of India is a regional banking behemoth and has 20% market share in deposits
and loans among Indian commercial banks.

Operations
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
SBI has 14,816 branches in India, as on 31 March 2013, of which 9,851 (66%) were in Rural
and Semi-urban areas.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.
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

International presence

The Israeli branch of the State Bank of India located in Ramat Gan.
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.
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.

State Bank of India (S.B.I.) Branch at Tsim Sha Tsui, Hong Kong
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 Indo-Nigerian
Merchant Bank and received permission in 2002 to commence retail banking. It now has five
branches in Nigeria.
In Hindu States of Nepal (Hindu Rajya Nepal), SBI owns 49% of SBI Nepal (State Bank in
Nepal) share with Nepal Government owing the rest and SBI NEPAL has branches
throughout the country in each and every city as banking has become the major part of daily
life forNepalese people. 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.[15]
In Kenya, State Bank of India owns 76% of Giro Commercial Bank, which it acquired
for US$8 million in October 2005
Associate banks

Main Branch of SBI in Mumbai.

SBI now has five associate banks, down from the eight that it originally acquired in 1959.
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

State Bank of Travancore

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.

State Bank of India Mumbai LHO.

Non-banking subsidiaries
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)

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

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

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.

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

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

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, where it is a constituent
of the BSE SENSEX index,[20] and the National Stock Exchange of India, where it is a
constituent of the CNX Nifty.
Its Global Depository Receipts (GDRs) are listed on the London Stock Exchange.

Employees
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 Sub-staff 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.

NEED OF MIS IN BANKING

Regulatory requirements indicated by the RBI for preparation of Off-site Monitoring

Surveillance (OSMOS) Reports on a regular basis in electronic format

Need for timely submission of Balance Sheets and Profit & Loss Accounts

Need for Inter-Branch Reconciliation of Accounts within a definite time frame

Need to undertake risk management strategies and for this purpose build up appropriate sets
of data and market intelligence reports

CORE BANKING

100% business is on CBS

8500 ATMs : Over 2 million transactions per day

Internet banking services

SBI 100% network globally

SERVICES IN SBI

Mobile Payments

Electronic Clearing Services(Credit)

NEFT

RTGS

Ticket booking online

Core banking solution & technology of SBI

The solution chosen by the SBI after due evaluation and keeping the above objectives in
mind is a

 Core banking solution of Financial Network Services ,Australia, which has already
been successfully implemented in diverse centralized environment.
SBI had chosen TCS Limited ,the largest software and service company in the
country, to customize the product to their needs and also to undertake pilot
implementation.
Teams have been formed by the vendors as well as the Bank, which define the
product specific functionalities and customize the software to meet the needs of the
bank.
Along side ,where ever considered expedient and in the interest of customers
,appropriate re-engineering of present systems and procedures and process will be
brought about to exploit full potential of the package.

It is a centralised data processing with IT application

which branches and administrative offices are connected with the objective
to provide any time any where banking
efficiency in operation
strengthening MIS/DSS/EIS
handling effectively strategic areas like trade Finance, Treasury, ALM(Asset
Liability Management) etc.
M/S financial network services (FNS), Australia
-B@ncs24: software SBI use in CBS.
-B@ncslink: linking software
M/S comlink services, USA
-Finance one: corporate general ledger part

 M/S china system, hongkong/ dubai

-Exim bills: trade finance package.
M/S Oracle corporation, USA
-Oracle 9i: data base management
Unix/ window 2000
-Operating systems
M/S data craft, Singapore
-Maintenance of SBI connect: leased line connectivity
Bharat Sanchar Nigam ltd (BSNL), india
-Leased line for SBI connect & integerated services digital network (ISDN) line as a
standby support.
HP systems, USA
-Hardware supplier
Tata consultancy services(TCS) ltd
-Customisation, integration and implementation
HCL- comnet
-VSAT

Differences of CBS from Bank master

Bank master is reference information about a financial institution that is required to

conduct business transactions with this financial institution, such as the institutions

contact information, offices and branches, clearing codes such as BIC(Bank Identifier
Code), and domestic clearing codes.
Centralised data system with on-line, real time transactions
Customers of bank and not just of a branch
Anytime/anywhere banking
Extensive use of mouse with keyboard
Use of internet explorer.
Multiple screen usage
All users are tellers here
CBS supports MIS/DSS/EIS(Management Information System/Decision Support
System/Executive Information System)

CBS VERSIONS
Present version - 1.2- from 2nd October, 2004
Earlier versions 1.1, 1.105 & 1.11

IMPACT
With the implementation of core banking, branches will be business fronts.
The concept of a brick and mortar branch will steadily lose its relevance.
With the facility of networking of branches and many delivery channels, which will
facilitate off-branch banking, physical presence of customers at branches will
diminish; so will be the number of vouchers handled at branches.
The requirements of a branch for reports can be taken care of by a Shared Operations
Centre, for a group of branches in a particular geographical area.

 Inter-branch transactions will also reduce considerably, as there will be no need to

issue a draft or pass an entry through Branch Clearing General Account between
networked branches.
A whole lot of information about the customer would be available for the front line
operator, facilitating cross selling of products
Real time, on line information about a customer or a branch would be available to
controllers at various level

ARCHITECTURE
The basic architecture of MIS of SBI is the centralized processing.
With Its applications and data residing at Central Data Centre(CDC) to be located in
Navi Mumbai, to which all the branches and administrative offices are connected.
This type of processing has been preferred by the bank for networking of branches,
dictated by volumes and to ensure on-line, real time MIS for decision making.
So far, the different branches are computerizes only on a standalone basis

FEATURES OF SYSTEM

24X7 Banking

 Anywhere Banking.
Integration with strategic sectors
Strengthening MIS, DSS and EIS
Business Process Re- engineering (BPR ) enabler

AREAS OF ENHANCED FUNCTIONALITIES

Core Banking will bring about connectivity between branches , making on-line, real
time transaction processing possible.
The customer under Core Banking would be customers of the bank, not just the
customers of a particular branch. They can, seamlessly, transact business with the
Bank wherever they are.

BANK MASTER

Bankmaster is essentially a transaction processing software with not much of MIS

support. Core Banking would address this vital need, apart from MIS, would

facilitate Decision Support System/ Executive Information System, greatly

facilitating timely executive inputs.
Many value added services like ATM, Internet Banking will be available to customer.
While Bankmaster takes care of stand- alone computerization of a Branch, Core
Banking will bring about connectivity between branches, making on-line, real time
transaction processing possible.
The customer under Core Banking would be customers of the bank, not just the
customers of a particular branch. They can, seamlessly, transact business with the
Bank wherever they are.
The solution lends itself to versatility and flexibility, even while retaining the much
needed security features.