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State Bank of India

The origin of the State Bank of India goes back to the first decade of the nineteenth century with the
establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received
its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the
first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (15
April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These
three banks remained at the apex of modern banking in India till their amalgamation as the
Imperial Bank of India on 27 January 1921.
Primarily Anglo-Indian creations, the three presidency banks came into existence either as a result of
the compulsions of imperial finance or by the felt needs of local European commerce and were not
imposed from outside in an arbitrary manner to modernize India’s economy. Their evolution was,
however, shaped by ideas culled from similar developments in Europe and England, and was influenced
by changes occurring in the structure of both the local trading environment and those in the relations of
the Indian economy to the economy of Europe and the global economic framework.

Bank of Bengal H.O.

The establishment of the Bank of Bengal marked the advent of limited liability, joint-stock banking in
India. So was the associated innovation in banking, viz. the decision to allow the Bank of Bengal to
issue notes, which would be accepted for payment of public revenues within a restricted geographical
area. This right of note issue was very valuable not only for the Bank of Bengal but also its two
siblings, the Banks of Bombay and Madras. It meant an accretion to the capital of the banks, a capital
on which the proprietors did not have to pay any interest. The concept of deposit banking was also an
innovation because the practice of accepting money for safekeeping (and in some cases, even
investment on behalf of the clients) by the indigenous bankers had not spread as a general habit in
most parts of India. But, for a long time, and especially up to the time that the three
presidency banks had a right of note issue, bank notes and government balances made up the bulk of
the investible resources of the banks.
The three banks were governed by royal charters, which were revised from time to time. Each charter
provided for a share capital, four-fifth of which were privately subscribed and the rest owned by the
provincial government. The members of the board of directors, which managed the affairs of each bank,
were mostly proprietary directors representing the large European managing agency houses in India.
The rest were government nominees, invariably civil servants, one of whom was elected as the
president of the board.

Group Photograph of Central Board (1921)

The business of the banks was initially confined to discounting of bills of exchange or other negotiable
private securities, keeping cash accounts and receiving deposits and issuing and circulating cash notes.
Loans were restricted to Rs. one lakh and the period of accommodation confined to three months only.
The security for such loans was public securities, commonly called Company’s Paper, bullion, treasure,
plate, jewels, or goods ‘not of a perishable nature’ and no interest could be charged beyond a rate of
twelve per cent. Loans against goods like opium, indigo, salt woollens, cotton, cotton piece goods, mule
twist and silk goods were also granted but such finance by way of cash credits gained momentum only
from the third decade of the nineteenth century. All commodities, including tea, sugar and jute, which
began to be financed later, were either pledged or hypothecated to the bank. Demand promissory notes
were signed by the borrower in favour of the guarantor, which was in turn endorsed to the bank.
Lending against shares of the banks or on the mortgage of houses, land or other real property was,
however, forbidden.
Indians were the principal borrowers against deposit of Company’s paper, while the business of
discounts on private as well as salary bills was almost the exclusive monopoly of individuals Europeans
and their partnership firms. But the main function of the three banks, as far as the government was
concerned, was to help the latter raise loans from time to time and also provide a degree of stability to
the prices of government securities.
Old Bank of Bengal
Major change in the conditions
a major change in the conditions of operation of the Banks of Bengal, Bombay and Madras occurred
after 1860. With the passing of the Paper Currency Act of 1861, the right of note issue of the
presidency banks was abolished and the Government of India assumed from 1 March 1862 the sole
power of issuing paper currency within British India. The task of management and circulation of the new
currency notes was conferred on the presidency banks and the Government undertook to transfer the
Treasury balances to the banks at places where the banks would open branches. None of the
three banks had till then any branches (except the sole attempt and that to a short-lived one by the
Bank of Bengal at Mirzapore in 1839) although the charters had given them such authority. But as soon
as the three presidency bands were assured of the free use of government Treasury balances at places
where they would open branches, they embarked on branch expansion at a rapid pace. By 1876, the
branches, agencies and sub agencies of the three presidency banks covered most of the major parts
and many of the inland trade centres in India. While the Bank of Bengal had eighteen branches
including its head office, seasonal branches and sub agencies, the Banks of Bombay and Madras had
fifteen each.

Bank of Madras Note Dated 1861 for Rs.10

Presidency Banks Act

The presidency Banks Act, which came into operation on 1 May 1876, brought the three
presidency banks under a common statute with similar restrictions on business. The proprietary
connection of the Government was, however, terminated, though the banks continued to hold charge of
the public debt offices in the three presidency towns, and the custody of a part of the government
balances. The Act also stipulated the creation of Reserve Treasuries at Calcutta, Bombay and Madras
into which sums above the specified minimum balances promised to the presidency banks at only their
head offices were to be lodged. The Government could lend to the presidency banks from such Reserve
Treasuries but the latter could look upon them more as a favour than as a right.

Bank of Madras
The decision of the Government to keep the surplus balances in Reserve Treasuries outside the normal
control of the presidency banks and the connected decision not to guarantee minimum government
balances at new places where branches were to be opened effectively checked the growth of new
branches after 1876. The pace of expansion witnessed in the previous decade fell sharply although, in
the case of the Bank of Madras, it continued on a modest scale as the profits of that bank were mainly
derived from trade dispersed among a number of port towns and inland centres of the presidency.
India witnessed rapid commercialisation in the last quarter of the nineteenth century as its railway
network expanded to cover all the major regions of the country. New irrigation networks in Madras,
Punjab and Sind accelerated the process of conversion of subsistence crops into cash crops, a portion
of which found its way into the foreign markets. Tea and coffee plantations transformed large areas of
the eastern Terrains, the hills of Assam and the Nilgiris into regions of estate agriculture par excellence.
All these resulted in the expansion of India’s international trade more than six-fold. The three
presidency banks were both beneficiaries and promoters of this
commercialisation process as they became involved in the financing of practically every trading,
manufacturing and mining activity in the sub-continent. While the Banks of Bengal and Bombay were
engaged in the financing of large modern manufacturing industries, the Bank of Madras went into the
financing of large modern manufacturing industries, the Bank of Madras went into the financing of small-
scale industries in a way which had no parallel elsewhere. But the three banks were rigorously excluded
from any business involving foreign exchange. Not only was such business considered risky for
these banks, which held government deposits, it was also feared that these banks enjoying government
patronage would offer unfair competition to the exchange banks which had by then arrived in India. This
exclusion continued till the creation of the Reserve Bank of India in 1935.

Bank of Bombay
Presidency Banks of Bengal
The presidency Banks of Bengal, Bombay and Madras with their 70 branches were merged in 1921 to
form the Imperial Bank of India. The triad had been transformed into a monolith and a giant among
Indian commercial banks had emerged. The new bank took on the triple role of a commercial bank, a
banker’s bank and a banker to the government.
The establishment of the Reserve Bank of India as the central bank of the country in 1935 ended the
quasi-central banking role of the Imperial Bank. The latter ceased to be bankers to the Government of
India and instead became agent of the Reserve Bank for the transaction of government business at
centres at which the central bank was not established. But it continued to maintain currency chests and
small coin depots and operate the remittance facilities scheme for other banks and the public on terms
stipulated by the Reserve Bank. It also acted as a bankers’ bank by holding their surplus cash and
granting them advances against authorized securities. The management of the bank clearing houses
also continued with it at many places where the Reserve Bank did not have offices. The bank was also
the biggest tenderer at the Treasury bill auctions conducted by the Reserve Bank on behalf of the
Imperial Bank
The Imperial Bank during the three and a half decades of its existence recorded an impressive growth in
terms of offices, reserves, deposits, investments and advances, the increases in some cases amounting
to more than six-fold. The financial status and security inherited from its forerunners no doubt provided
a firm and durable platform. But the lofty traditions of banking which the Imperial Bank consistently
maintained and the high standard of integrity it observed in its operations inspired confidence in its
depositors that no other bank in India could perhaps then equal. All these enabled the Imperial Bank to
acquire a pre-eminent position in the Indian banking industry and also secure a vital place in the
country’s economic life.
Stamp of Imperial Bank of India
When India attained freedom, the Imperial Bank had a capital base (including reserves) of Rs.11.85
crores, deposits and advances of Rs.275.14 crores and Rs.72.94 crores respectively and a network of
172 branches and more than 200 sub offices extending all over the country.

First Five Year Plan

In 1951, when the First Five Year Plan was launched, the development of rural India was given the
highest priority. The commercial banks of the country including the Imperial Bank of India had till then
confined their operations to the urban sector and were not equipped to respond to the emergent needs
of economic regeneration of the rural areas. In order, therefore, to serve the economy in general and
the rural sector in particular, the All India Rural Credit Survey Committee recommended the creation of
a state-partnered and state-sponsored bank by taking over the Imperial Bank of India, and integrating
with it, the former state-owned or state-associate banks. An act was accordingly passed in Parliament in
May 1955 and the State Bank of India was constituted on 1 July 1955. More than a quarter of the
resources of the Indian banking system thus passed under the direct control of the State. Later, the
State Bank of India (Subsidiary Banks) Act was passed in 1959, enabling the State Bank of India to take
over eight former State-associated banks as its subsidiaries (later named Associates).The State Bank of
India was destined to act as the pacesetter in this respect and lead the Indian banking system into the
exciting field of national development.
Key Dates:

Objective of study
The main objective of this study was to know about history of SBI, their management level, their
products and services, their shareholding pattern, their customer care services and also know about
their financial performance. In short to know in detail about SBI.
Limitations of the study
There were few limitations, while completing the project

Biggest hurdle faced was regarding books because there are hardly any books which contain mainly
SBI as a separate topic.

Secondly, there was a problem while collecting primary data because time was clashing and when I
seemed to be free, the manager wasn’t and vice versa.

Since my study was only highlighting on SBI, I couldn’t concentrate or generalize result of other banks

Expected outcome of study

The expected outcome of the study is the result which I came out with and through which I am
successful in completing this entire project.

Sources of data
The source of data this project contains is firstly the books that contained details of State Bank of India.
Secondly the data was also collected through the website of State Bank of India and through internet.
Thirdly, Data was also collected from Magazine and Newspapers and the most important is the primary
data which was collected by conducting oral interview with the manager of SBI, Mr.Ramesh Pawar, Mira
road branch.

Central Board of State Bank of India

(As on 13th May 2009)

Sr. No. Name of Director Sec. of SBI Act, 1955

Shri O.P. Bhatt
1. Chairman 19(a)

Shri. S.K. Bhattacharyya

2. 19(b)
Shri R. Sridharan
3. 19(b)
MD & GE(A&S)
4. Dr. Ashok Jhunjhunwala 19(c)
5. Shri Dileep C. Choksi 19(c)
6. Shri S. Venkatachalam 19(c)
7. Shri. D. Sundaram 19(c)
8. Dr. Deva Nand Balodhi 19(d)
9. Prof. Mohd. Salahuddin Ansari 19(d)
10. Dr.(Mrs.) Vasantha Bharucha 19(d)
11. Dr. Rajiv Kumar 19(d)
12. Shri Ashok Chawla 19(e)
13. Smt. Shyamala Gopinath 19(f)
Shri O.P. Bhatt

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


 With you all the way

 Pure banking nothing else
 The Banker to every Indian
 The Nation banks on us
Services Of State Bank Of India
State Bank of India Services are most varied and innovative amongst all its
contemporaries. State Bank of India Services includes a host of products and
services to suit all types of consumers.

State Bank of India Services are offered through the following subsidiaries and
Joint Ventures –

• Banking Subsidiaries - State Bank of Bikaner and Jaipur (SBBJ), State Bank of
Hyderabad (SBH), State Bank of Indore (SBI), State Bank of Mysore (SBM), State Bank
of Patiala (SBP), State Bank of Saurashtra (SBS) and State Bank of Travancore (SBT).

• Foreign Subsidiaries - State bank of India International (Mauritius) Ltd., State Bank of
India (California), State Bank of India (Canada) and INMB Bank Ltd, Lagos.

• Non- banking Subsidiaries - SBI Capital Markets Ltd (SBICAP), SBI Funds
Management Pvt Ltd (SBI FUNDS), SBI DFHI Ltd (SBI DFHI), SBI Factors and
Commercial Services Pvt Ltd (SBI FACTORS) and SBI Cards & Payments Services Pvt.

• Joint ventures - SBI Life Insurance Company Ltd (SBI LIFE).

State Bank of India offers its products and services in domains like -
• Personal Banking.
• NRI Services.
• Agriculture.
• International.
• Corporate.
• SME.
• Domestic Treasury.

State Bank of India Services offers the following products through its well managed, efficient
and deep-rooted network.
• Domestic Treasury.
• SBI Vishwa Yatra Foreign Travel Card.
• Broking Services
• Revised Service Charge.
• ATM Services.
• Internet Banking.
• E-Pay.
• E-Rail.
• Safe Deposit Lockers.
• Gift Cheques.
• MICR Codes.
• Foreign Inward Remittances.
International presence

As of 31 December 2009, the bank had 151 overseas offices spread over 32 countries. It has branches of
the parent in Colombo, Dhaka, Frankfurt, Hong Kong, Tehran, Johannesburg, London, Los
Angeles, Male in the Maldives, Muscat, 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
and in case of agricultural banking it has 1 ADB In Boston, USA.

SBI operates several foreign subsidiaries or affiliates. In 1990, it established an offshore bank: State Bank
of India (Mauritius).

In 1982, the bank established a subsidiary, State Bank of India (California), which now has nine branches
- eight branches in the state of California and one in Washington, D.C. The 9th branch was opened in
Tustin, California on 7th March, 2011. The other seven branches in California are located in Los Angeles,
Artesia, San Jose, Canoga Park, Fresno, San Diego and Bakersfield.

The Canadian subsidiary, State Bank of India (Canada) also dates to 1982. It has seven branches, four in
the Toronto area and three in British Columbia.

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 Nepal, SBI owns 50% 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.

In Kenya, State Bank of India owns 76% of Giro Commercial Bank, which it acquired for US$8 million in
October 2005
Associate Banks
SBI has five associate banks:

 State Bank of Bikaner & Jaipur

 State Bank of Hyderabad
 State Bank of Mysore
 State Bank of Patiala
 State Bank of Travancore
 State Bank of Saurashtra - merged with SBI in 2008.
 State Bank of Indore - merged with SBI in 2010.

Earlier SBI had only seven associate banks that, with SBI, constitute the State Bank Group. All use the
same logo of a blue keyhole and all the associates use the "State Bank of" name, followed by the regional
headquarters' name. Originally, the then seven banks that became the associate banks belonged
to princely states until the government nationalised them between October 1959 and May 1960. In tune
with the first Five Year Plan, emphasizing the development of rural India, the government integrated these
banks into the State Bank of India 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 operations.

The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtra merged
with SBI, reducing the number of state banks from seven to six. Then on 19 June 2009 the SBI board
approved the merger of its subsidiary, State Bank of Indore, with itself. 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

The acquisition of State Bank of Indore added 470 branches to SBI's existing network of 12,448 and over
21,000 ATMs. Also, following the acquisition, SBI's total assets will inch very close to the Rs 10-lakh crore
mark. Total assets of SBI and the State Bank of Indore stood at Rs 998,119 crore as on 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.
A. Personal banking


Now you can earn a higher income on your surplus funds by investing those with us.We provide security,
trust and competitive rate of interest.
·Flexibility in period of term deposit from 15 days to 10 years.
·Affordable Low Minimum Deposit Amount: You can open a term deposit with SBI for a nominal amount of
Rs.1000/- only.
·Please check our Interest Rates online or simply email through our Helpline.
·Flexibility in choosing the amount you wish to invest and the maturity period.


Safety - We understand the value of your hard earned money and continue to deliver on our promise of
safety and security over 200 years.

Loan /overdraft facility: You can avail a loan/overdraft against your deposit. SBI provides you loan /
overdraft up to 90% of your deposit amount at nominal cost. So you continue to earn interest in your
deposit and still can meet your urgent financial requirements.

Premature Withdrawal
Interest to be charged on premature withdrawal of term deposits at 1.00% below the rate applicable for
the period deposit has remained with the Bank.

·Transferability- Transfer of Term Deposits between our wide network of branches without any

·Compounding / Flexible / Timely Payment of Interest- Under our Special Term Deposit Scheme,
interest accrues in your account and gets compounded quarterly. Besides, we assure timely delivery of
the proceeds of your deposit with interest, on maturity. Flexibility of payment on maturity through Cash
(subject to prevalent Income Tax Act), Banker's Cheque, Credit in Savings Bank/Current account.
• Term Deposits are available at all SBI Branches
• Easy and convenient access of 24X7 information at SBI Internet Banking.
• Nomination Facility - Available.

Tax Implications.

Tax Deductible at Source, as per Income Tax Act. From 01.04.2010, the rate of TDS will be higher of 20%
or the applicable rate in all cases where valid PAN is not quoted by the recipient. The declaration filed in
15G and 15H shall not be valid unless the person filing the declaration furnishes his/her PAN in such

Automatic Renewals

There is no need for you to keep track of the maturity of your deposits. Your deposits with us will be
renewed automatically, post maturity and you continue to earn interest for same period as that of your
matured deposit, at the interest rate prevailing at the time of maturity. Automatic renewals take place
where there are no standing instructions for renewal.
Flexibility to covert your Special Term Deposit to Term Deposit and vice versa

 You can convert your special Term Deposit to a Term Deposit to receive monthly/quarterly
interest payments to match your financial requirements. Quarterly interest at calendar quarter is
also available.
 You can also convert your Term Deposit to a Special Term Deposit, which provides compounded
rate of interest to multiply your money faster.
Most Important Terms & Conditions
1. Interest will be paid at the contracted rate irrespective of change in the rate thereafter.
2. Period of deposit 15 days to 10 years
3. Loans / OD upto 90% of the Principal at 1%* above the TDR rate
4. Premature withdrawal facility available at 1%* less interest than the actual period deposit has
remained with the Bank
5. Quarterly compounded Interest
6. Interest can be paid on monthly intervals on discounted rate.
7. Interest can also be paid at Calendar quarter basis
8. TDS at prevalent rate is deducted at source if Form 60 not submitted
9. Auto renewal is exercised if maturity instructions are not given
10. Permission to convert TDR to STDR and vice versa required
11. Nomination facility available.


A new scheme “SBI Loan to Affluent Pensioners” is formulated to match the requirements and
higher repayment capacity of those with higher salaries and pensions The salient features of
“SBI Loan to Affluent Pensioners” scheme are as under:-

(1) Eligibility:

(a) Pensioners:

(i) All Central, State Government pensioners and SBI Pensioners whose pension accounts are
maintained by our branches.
(ii) Pensioners whose pensions are disbursed by Govt. Treasuries by cheques drawn in favor of
our branches as per mandate of the pensioner are also eligible subject to condition that
pensioner should not be more than 72 years of age

(b) Family Pensioners: Family pensioner, i.e. spouse authorized to receive pension after the
death of the pensioner, subject to condition that family pensioner should not be more than 65
years of age.

(2) Loan Amount:

(a) Pensioners: Maximum of 12 months net pension with a ceiling of Rs.3.00 lac

(b) Family Pensioners: A maximum of 9 months net family pension with a ceiling of Rs.1.50 lacs
In no case the EMI should be more than 25% of the net pension drawn by the family pensioner.

(3) Collateral Security:

(a) Pensioners: Third party guarantee (TPG) of the spouse eligible for family pension. In the
absence of the spouse, TPG of any other family member or a third party worth the loan amount.
(b) Family Pensioners: Third party guarantee of a person who has been maintaining a
satisfactorily conducted account with the bank, preferably of the son/daughter of the family

(4) Repayment Period: In EMIs commencing from the pension payable one month after
disbursal of loan. Installment is deducted at the time of payment of pension:

Age at the time of Repayment period Age at the time of full

loan repayment
Up to 70 years 36 months 73 years
70-72 years 24 months 74 years

(5). Pensioners will have to submit their PAN Number or Form 15H before availing loan under
this scheme.

(6) Processing Fees:


(7) Margin


Want to create a fund for your children's education or marriage or to buy a car or for a dream
holiday? Whatever may be your financial goals, through our Recurring Deposit Scheme you can
save a little every month so that at the time of need you have sufficient funds to achieve your
financial goals. Recurring Deposit provides you the element of compulsion to save at high rates
of interest applicable to Term Deposits along with liquidity to access that savings any time. So
set aside a small amount every month and earn at compounded rates of interest.

Wide Choice in Period of Deposit

• Flexibility in period of deposit with maturity ranging from 12 months to 120 months.
• Low minimum monthly deposit amount.
• You can start a Recurring Deposit with SBI for a monthly instalment of Rs.100/- only.

SBI Term Deposit Rates Apply

• Check out our Interest Rates Online or simply email through our Helpline
• Choose the amount you wish to invest and the maturity period.
• Safety
We understand the value of your hard earned money and continue to deliver on our promise of
safety and security over two centuries.
• Liquidity
Loan /overdraft facility: You can avail a loan/overdraft against your deposit.SBI provides you
loan / overdraft up to 90% of your deposit amount at nominal cost. So you continue to earn
interest in your deposit and still can meet your urgent financial requirements.
• Transferability
Transfer of Recurring Deposit accounts between our wide networks of branches without any
• Regular Instalments to your Account
Now you have motivation/compulsion to save a chosen amount every month and create a fund,
which helps you to meet your future financial needs.
• Recurring Deposits are available at all SBI Branches
• Easy and convenient access of information at SBI Internet Banking

Other Benefits

Nomination Facility - Available

Regular Instalments to your Account

–Save in your account through Fixed Monthly Instalments.
–Monthly Instalments can be deposited on any working day of the month.
–Delayed monthly instalments attract penalty.
–Instalments payable in multiples of Rs.10/-

Free Fund Transfer

Free transfer of your funds through standing instructions from your Current or Savings Bank
Account to your Recurring Deposit Account every month for the payment of your instalments, so
that you do not have to worry about regular payments.

Regular Updates
You can monitor your deposit through SBI Internet Banking or through a passbook issued to

Most Important Terms & Conditions

1. Monthly Rs. 100/- no maximum. b) Deposit in Multiple of Rs.10/-
2. Minimum period 12 months maximum 120 months
3. Rate of interest as applicable to Bank’s TDR / STDR for the period of the RD
4. Premature withdrawal allowed at 1%* below the rate applicable for the period the deposit
has remained with the Bank
5. Loan / Overdraft facility available against the balance in RD account
6. Penalty charges for non Deposit of monthly installments –
7. For a/c of period 5 years and less --Rs. 1.50 per Rs. 100/- per month
8. For a/c of period above 5 years- Rs. 2.00 per Rs. 100/- per month
9. No Cheque Book / ATM Card will be issued
10. Passbooks are issued
11. Nomination facility available

A dream come true! An ALL PURPOSE LOAN for anything that life throws up at you!! Do you
need funds for a Marriage ceremony, want to take your family to a well-deserved holiday or for a
sudden medical emergency? You have some property, but would rather not sell it? Then why
not avail of this ALL PURPOSE LOAN from SBI? SBI now makes it very much possible for you
to only keep your property but also have liquid funds.

Enjoy the SBI Advantage

· Complete transparency in operations
· Access this loan from our wide network of branches
· Interest rates are levied on a monthly/daily reducing balance method
· Lowest processing charges.
· Long repayment period of 60 months, up to 120 months for salaried individuals with check-off
· No Hidden costs or administrative charges.
· No prepayment penalties. You can have surplus funds at any time thereby conveniently
reducing your loan liability and interest burden.
Property Loan Scheme

Avail of an All-Purpose loan against mortgage of any of your property. We offer you these loans
at all our Personal Banking Branches and those branches having Personal Banking Divisions
amongst others.


This is an all purpose loan, i.e., the loan can be obtained for any purpose whatsoever. If amount
of loan is Rs.25.00 lacs and above then purpose of loan will have to be specified along with an
undertaking that loan will not be used for any speculative purpose whatever including
speculation on real estate and equity shares.


You are eligible if you are:

A. An individual who is;
a. An Employee or
b. A Professional, self-employed or an income tax assesse or
c. Engaged in agricultural and allied activities.

B. Your Net Monthly Income (salaried) is in excess of Rs.12,000/- or Net Annual Income
(others) is in excess of Rs.1,50,000/-.

The income of the spouse may be added if he/she is a co-borrower or a guarantor.

C. Maximum age limit: 60 years.

Salient Features

Loan Amount
Minimum: Rs.25,000/-
Maximum : Rs.1 crore. The amount is decided by the following calculation:
• 24 times the net monthly income of salaried persons (Net of all deductions including
• 2 times the net annual income of others (income as per latest IT return less taxes

We will finance up to 60% of the market value of your property.

Click here for interest rates

Maximum of 60 equated monthly installments, up to 120 months for salaried individuals with
check-off facility. You could opt to divert any surplus funds towards prepayment of the loan
without attracting any penalty.
Processing Fees
2% of the loan amount [inclusive of the service tax]. Max of Rs. 50,000/-

As per banks extant instructions.


a) SBI Easy Home Loan

(Base Rate: 8.25% p.a.)

Name SBI Easy Home Loan
Facility Type Term Loan or OD as in SBI MaxGain. (OD facility will be available for loans
above Rs.5 Lacs.)
Loan amount Upto (and including) Rs.30 Lacs
Interest Rate Card Rate applicable for the tenor of the loan – 1.50% above Base
Rate, Present effective rate being 9.75% p.a.
Ist Year 1% discount over Card Rate, present effective rate being 8.75% p.a.
2nd and 0.25% discount over Card Rate, present effective rate being 9.50% p.a.
3rd year
4th year Card Rate
No Fixed Interest Rate option.

Processing Fee

The revised processing fee structure (including service tax) is as under:

Loan Amount Processing Fee
Upto Rs.5 Lac Rs.1000/-
Above Rs.5 Lac and upto Rs.10 Lac Rs.2000/-
Above Rs.10 Lac and upto Rs.20 Lac Rs.5000/-
Above Rs.20 Lac and upto Rs.30 Lac Rs.7,000/-

Only Floating Interest Rate
(Base Rate: 8.25% p.a.)
Name SBI Advantage Home Loan

(Above Rs.30 Lacs and upto Rs.75 Lacs)

Facility Type Term Loan or OD as in SBI MaxGain.
Loan amount For Home Loans above Rs 30 lacs and upto Rs. 75.00 Lacs
Interest Rate Card Rate applicable for the tenor of the loan – 1.75% above Base
Rate, Present effective rate being 10.00% p.a.
Ist Year 1.25% discount over Card Rate, present effective rate being 8.75% p.a.
2nd and 0.50% discount over Card Rate, present effective rate being at 9.50% p.a.
3rd year
4th year Card Rate
No Fixed Interest Rate option.

Processing Fee:

Loan Amount Processing Fee

Above Rs.30 Lac and upto Rs.50 Lacs Rs.7,000/-
Above Rs. 50 Lacs and upto Rs. 75 Lacs Rs. 8,000/-
c) SBI PREMIUM HOME LOAN - Above Rs. 75 Lacs

(Base Rate: 8.25% p.a.)

Name SBI Premium Home Loan – Above Rs.75 Lacs

Facility Term Loan or OD as in SBI MaxGain upto Rs.1 Crore.
Loan For Home Loans above Rs 75.00 lacs
Interest Card Rate applicable over the tenor of the loan is 1.75% over the Base Rate,
rate present effective rate being 10.00% p.a.

Concessions including discretionary concessions will be available over the tenor of

the loan

No Fixed Interest Rate option.

Processing Fee

The revised processing fee structure (including service tax) is as under:

Loan Amount Processing Fee
Above Rs.75 Lacs and upto Rs.1 Crore Rs. 8,000/-
Above Rs. 1 Crore and upto Rs. 5 Crores Rs. 10,000/-
Above Rs. 5 Crores Rs. 20,000/-
Do you need urgent cash but you don't
wish to sell or liquidate your holding of shares?

Leverage your investments in shares, debentures, public sector bonds and Government
securities for loans to meet unforeseen expenses!! You need not miss out on the next stock
market boom!!

Avail of loans up to Rs.20.00 lacs against your shares/debentures to enable you to meet
contingencies, personal needs or even for subscribing to rights or new issue of shares.

Note: Loan will not be sanctioned for

1. speculative purposes
2. inter-corporate investments or
3. Acquiring controlling interest in company/companies.

Enjoy the SBI advantage

• Low interest rates. Further, we charge interest on a daily
reducing balance!!
• Low processing charges; only 1% of loan
amount - compare with 1-3% of others.
• No hidden costs or administrative charges..
• No prepayment penalties. Reduce your interest burden
and optimally utilize your surplus funds by prepaying the loan.
The Scheme

This facility is available to our existing individual customers enjoying a strong relationship with
This loan could be availed
either singly or as a joint account with spouse in 'Either or Survivor'/'Former or Survivor' mode.
It is offered as an Overdraft or Demand Loan.

The facility is available at 50 select centers.

Salient Features

For meeting contingencies and needs of personal nature.
Loan will be permitted for subscribing to rights or new issue of shares
/ debentures against the security of existing shares /
Loan will not be sanctioned for
(i) speculative purposes
(ii) inter-corporate investments or
(iii) acquiring controlling interest in company / companies.

Loan Amount

You can avail of loans up to Rs 20.00 lacs against your shares/debentures.

Documents Required

You will be required to submit a declaration indicating:

• Details of loans availed from other banks/ branches for acquiring shares/ debentures.
• Details of loans availed from other banks/ branches against security of shares/
You will need to provide a margin amount of 50% of the prevailing market prices of the shares/
non-convertible debentures being offered as security. (The market prices refer to the prices in
the Stock Exchanges as reported in the Economic Times.)

Base Rate 8.25 % w.e.f. 14.02.2011
Sceme Rate of Interest
Equity Plus Scheme 6.50% above Base Rate,
currently 14.75% p.a.
Processing Fees
Repayment Schedule

To be liquidated in maximum period of 30 months through a suitable reducing DP programme.

In case of a default or if the outstanding is over Rs.20.00 lacs, the shares/debentures will be
transferred in the name of the Bank.

Pledge of the demat shares/debentures against which overdraft is granted.
Scheme is available at select branches at 50 centers.

Essential Parameters for acceptance of shares as security

(i) The equity shares and debentures offered as security should be fully paid.
Preference shares will not be acceptable as security

(ii) The shares/ debentures offered as security must be in demat form.

(iii) The share/ debenture should be of a company listed in BSE 100 Index,
except those of SBI (list of BSE 100 Index companies is available on

(iv) The market price of the security should not have fallen
below par for preceding 52 weeks.

(v) The market price of the security should not be as variance

with the arithmetical average of preceding 52 weeks high and low by
more than 25% in downward direction.

(vi) ( P/E ratio of the company should not exceed 40 as

published in Economic Times.
In case P/E ratio is not available the shares/ debentures of the company
should not be accepted as security.

(vii) The total number of shares of the company traded on NSE and BSE should
exceed 25000 on the day of financing and on each preceding 2 days.

(viii) Security where the market price 52 week high is 4 times of the
52 week low should not be accepted. (Information related to 52 weeks high
and low, P/E ratio and traded volumes in NSE and BSE is available in Economic Times).

Debentures must have been rated 'AA+' or higher by CRISIL or equivalent rating by any other
reputed rating agency like ICRA etc.

To be liquidated in maximum period of 30 months through a suitable reducing DP programme.


The applicant will have to submit a declaration indicating:·

· details of loans availed of by them from other banks/ branches for acquiring shares/
· details of loans availed from other banks/ branches against security of shares/ debentures
Transfer of shares

Shares/debentures will be transferred in the name of

the Bank when there is a default and the outstanding is over Rs.20 lacs.
· Application for overdraft limit against security of
shares/ debentures indicating details of shares (i.e. ISIN of the company
whose shares/ debenture are offered as security,
number of shares/ debenture offered as security)
along with borrowers DP ID and DP account number.

· Applicant has to submit consent letter agreeing to

regularize the account/ replenish the margin shortfall,
on account of adverse market price variation,
immediately on receipt of notice from the branch.
Applicant will also submit consent to the condition that in the event of his failure
to regularize the account immediately, Bank has the right to get the
security transferred in its name and arrange for its sale, without any
further reference to him. The Bank shall exercise this option without
prejudice to its rights to recover the dues by other means also.

· DP Note and DP Delivery letter.

· Irrevocable Letter of Undertaking addressed to the Bank signed

by all holders of the shares.

· Dividend collection mandate(s).

· Either or Survivorship Letter(if applicable).

Pledge of the demat shares/ debentures against which overdraft is granted.

Nature of loan

Is Overdraft / Demand Loan with the Repayment programme maximum 30 months.



SBI provide the best car loan scheme for you to take a loan below Rs 5 lacs.

SBI offers you:

• No Advance EMI;
• Longest repayment tenure (7 years);
• Lowest interest rates ( there are further concessions for Corporate Salary Package
accounts) ;
• Lowest EMI;
• LTV 85% of 'On Road Price' of car (includes registration, insurance and cost of
accessories worth Rs 25000), 90% in case of Corporate Salary Package accounts;
• Interest Calculated on Daily Reducing Balance;
• Flexibility of payment of EMI anytime during the month ;
• Low pre-payment penalty, only 2%;
• Low processing fee (only 0.50% of loan amount); for Corporate Salary Package
accounts, only Rs.500 per application.
• Free Accidental insurance ; Optional SBI Life cover;
• Overdraft facility available.
The Scheme
For purchase of new passenger cars, Multi Utility Vehicles (MUVs) and SUVs with minimum
loan component of Rs. 5.0 lakh and above.

Take over of existing loan from other Bank/Financial institution (Conditions apply)
To avail an SBI Car Loan, you should be :
• Individual between the age of 21-65 years of age.
• A Permanent employee of State / Central Government, Public Sector Undertaking,
Private company or a reputed establishment or
• A Professionals or self-employed individual who is an income tax assessee or
• A Person engaged in agriculture and allied activities.
• Net Annual Income Rs. 100,000/- and above.
Salient Features
Loan Amount

Maximum Loan amount will be 2.5 times of net annual income. Spouse’s income could also be
considered provided the spouse becomes a co-borrower in the loan.
Loan amount below Rs. 5 lacs will cover under the scheme
Documents Required

You would need to submit the following documents along with the completed application form:
1. Statement of Bank account of the borrower for last 12 months.
2. 2 passport size photographs of borrower(s).
3. Signature identification from bankers of borrower(s).
4. A copy of passport /voters ID card/PAN card.
5. Proof of residence.
6. Latest salary-slip showing all deductions
7. I.T. Returns/Form 16: 2 years for salaried employees and 3 years for professional/self-
employed/businessmen duly accepted by the ITO wherever applicable to be submitted.
8. Proof of official address for non-salaried individuals.

15% of the on the road price (which includes vehicle registration charges, insurance, one-time
road tax and accessories).
You can enjoy the longest repayment period in the industry with us as long as 84 months.

w.e.f. 14.02.2011 (Base Rate 8.25 % p.a.)
All interest rates are applicable up to 31st March 2011
1 Applicable to All New Car Loans to Public of loan amount less than 5 lacs
At present the following limited period offer will apply till
31st March 2011:
For Term Loan:
Card Rate: 3.00% above Base Rate i.e. min 11.25% p.a.
For 1st year: discount of 2.00% on Card Rate, i.e. 9.25% p.a.
2 Interest Rate
For 2nd & 3rd year: discount of 1.00% on Card Rate, i.e. 10.25%
For 4th to 7th year: At Card Rate i.e.11.25% p.a.
For Overdraft:
OD will attract 0.50% more than the existing rate for Term loans.
1 Applicable to All New Car Loans to Public of loan amount Rs 5 lacs and above
2 Interest Rate At present the following limited period offer will apply till
31st March 2011:
For Term Loan:
Card Rate: 2.75% above Base Rate i.e. min 11.00% p.a.
For 1st year: discount of 1.75% on Card Rate, i.e. 9.25% p.a.
For 2nd & 3rd year: discount of 0.75% on Card Rate, i.e. 10.25%
For 4th to 7th year: At Card Rate i.e.11.00% p.a.
For Overdraft:
OD will attract 0.50% more than the existing rate for Term loans.

NRI Car Loan

Tenure Rate of Interest
For loans below Rs.5 lacs 4.00% above Base Rate i.e. 12.25% p.a.
For loans of Rs.5 lacs and above 3.75% above Base Rate i.e. 12.00% p.a.

Two- Wheeler Loan

Tenure Rate of Interest
Up to 3 years 8.25% above Base Rate i.e. 16.50% p.a.

Used Vehicles
Tenure Rate of Interest
Up to 3 years 7.25% above Base Rate i.e. 15.50% p.a.
Above 3 yrs 7.50% above Base Rate i.e. 15.75% p.a.
Certified Pre-owned Car Loan scheme
Tenure Rate of Interest
Up to 3 years 6.00% above Base Rate i.e. 14.25% p.a.
Above 3 yrs 6.50% above Base Rate i.e. 14.75% p.a.

Processing Fee

Only 0.50% of Loan amount to be paid up front as processing fee, with minimum: Rs. 500/- and
maximum Rs. 10,000
25% of Processing fee will be retained if application is rejected after pre-sanction survey.

Name of scheme
Rent Plus

Nature of facility
Term Loan

Period of repayment
7 years or the residual lease period, whichever is lower.

Eligible customer
Owners of residential buildings and commercial properties in Rural/Semi-urban/Urban/Metro
areas which are to be rented or already rented to MNCs/ Banks/ Large & medium size

To meet liquidity mis-match of the applicants.

Quantum of finance
Min. Rs. 50,000.00
Max. Rs. 5 crore for properties located at Non-Metro Centres and Rs. 7.50 crores for properties
located at Metro Centres. There will be no differentiation on the basis of constitution of the


Equated Monthly Installments of 7 years or residual lease period.

1% of the loan amount prepaid.


Base Rate 8.25 % w.e.f. 14.02.2011

Other Loans
Type of Facility Rate of Interest
Clean Overdraft 8.25% above Base Rate,
currently 16.50% p.a.
Personal Loans Scheme (SBI 8. 50% above Base Rate
Saral) floating, currently 16.75%
SBI Loan to Pensioners 4.75% above Base Rate,
currently 13.00% p.a.
SBI Loan to Affluent 4.75% above Base Rate,
Pensioners currently 13.00% p.a.
Festival Loan Scheme 6.75% above Base Rate,
currently 15.00% p.a.
Loan against Bank Time 1.00% over the rate paid
Deposits on Relative time deposit.

Rent Plus Scheme

Centre Loan Amount Rate of Interest
Metro Loan upto Rs. 7.50 Crores 5.25% above
Base Rate,
currently 13.50%
Above Rs. 7.50 Crores 5.50% above
Base Rate,
13.75% p.a.

Non Metro Loan upto Rs. 5.00 Crores 5.25% above

Base Rate,
currently 13.50%
Above Rs. 5.00 Crores 5.50% above
Base Rate,
13.75% p.a.

Xpress Credit
Facility Rate of
Demand Loan Check-off from Employer
above Base
13.25% p.a.
Primary Security
Assignment of receivables and recording of power attorney with the lessee is a must.

Collateral Security
i) First charge on buildings against the rentals of which the loan would be sanctioned (value of
the property should be double the amount of loan) or any other acceptable property of equal

ii) Equitable Mortgage of immovable property by deposit of titledeed.

iii) In case of partnership firm, personal guarantee of the partners of the building. In case of
company personal guarantee of directors to be obtained.

The amount of insurance should cover the value of assets charged to the Bank.

Metro / Urban / Semi-urban/ Rural centers.

Processing charges and cost of valuation

2% of loan amount, subject to a maximum amount of Rs.1,00,000/=, to be paid upfront as
processing charges. The charges for valuation of the property are to be borne by the applicant.


A term loan granted to Indian Nationals for pursuing higher education in India or abroad where
admission has been secured.

Eligible Courses
a. Studies in India:
• Graduation, Post-graduation including regular technical and professional
Degree/Diploma courses conducted by colleges/universities approved by UGC/
AICTE/IMC/Govt. etc

• Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM

• Teacher training/ Nursing courses approved by Central government or the State


• Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved
by Director General of Civil Aviation/Shipping

• Vocational Training and skill development study courses will not be covered under the
Education Loan Scheme, as the scheme is framed to provide bank loans for higher

b. Studies abroad:
• Graduation/ Post-graduation for job oriented professional/ technical courses offered by
reputed universities

Expenses considered for loan

• Fees payable to college/school/hostel
• Examination/Library/Laboratory fees
• Purchase of Books/Equipment/Instruments/Uniforms
• Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tution fees for the
entire course)
• Travel Expenses/Passage money for studies abroad
• Purchase of computers considered necessary for completion of course
• Cost of a Two-wheeler upto Rs. 50,000/-
Any other expenses required to complete the course like study tours, project work etc.

Amount of Loan
• For studies in India, maximum Rs. 10 lacs
• Studies abroad, maximum Rs. 20 lacs


Base Rate 8.25 % w.e.f. 14.02.2011

SBI Student Loan Scheme
Loan Amount Rate of Interest
For loans upto Rs.4 lacs 3.75% above Base Rate,
currently 12.00% p.a.
Above Rs.4 lacs and upto 5.25% above Base Rate,
Rs.7.50 lacs currently 13. 50% p.a.
Above Rs.7.50 lacs 4.25% above Base Rate,
currently 12.50% p.a.
(0.50% concession in interest for girl student)
Education Loan Scheme for students of ISB, Hyderabad
2.75% above Base Rate, currently 11.00% p.a.
(0.50% concession in interest for girl student)
SBI Scholar Loan Scheme
2.75% above Base Rate, currently 11.00% p.a.
(Irrespective of the loan amount)
(0.50% concession in interest for girl student)

Processing Fees
• No processing fee/ upfront charges
• Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the
margin money

Repayment Tenure
Repayment will commence one year after completion of course or 6 months after securing a
job, whichever is earlier.
Repayment Period
Place of Study Loan Amount
in Years
Studies in India Rs. 10.0 lacs 5-7
Studies Abroad Rs. 20.0 lacs 5-7

For loans upto Rs. 10.00 lacs for Studies
Amount inIndia and upto Rs. 20.00 lacs for studies
Upto Rs. 4
No Security
Collateral security in the form of suitable third party
guarantee. The bank may, at its discretion, in
Above Rs. 4
exceptional cases, weive third party guarantee if
lacs to Rs.
satisfied with the net-worth/means of parent/s who
7.50 lacs
would be executing the documents as "joint
Tangible collateral security of suitable value, along
Above Rs.
with the assignment of future income of the
7.50 lacs.
student for payment of installments.
All loans should be secured by parent(s)/guardian of the student borrower. In case of
married person, co-obligator can be either spouse or the parent(s)/ parents-in-law

• For loans up to Rs.4.0 lacs : No Margin
• For loans above Rs.4.0 lacs:
o Studies in India: 5%
o Studies Abroad: 15%

Documentation Required
• Completed Education Loan Application Form.
• Mark sheets of last qualifying examination
• Proof of admission scholarship, studentship etc
• Schedule of expenses for the specified course
• 2 passport size photographs
• Borrower's Bank account statement for the last six months
• Income tax assessment order, of last 2 years
• Brief statement of assets and liabilities, of the Co-borrower
• Proof of Income (i.e. Salary slips/ Form 16 etc).

World Class Services from a Bank you can Trust

“Indians everywhere should become enlightened International citizens. Wherever you are,
whichever country you live, enrich that nation, not only in financial terms, but also with
your sweat knowledge and dignity since that is the tradition of the country from where you
came. At the same time, remember we have a common umbilical connectivity to our
motherland, India.”

A P J Abdul Kalam
Hon'ble President of India
at the 3rd Pravasi Bharatiya Divas held from 7 - 9 Jan 2005 at Mumbai.

State Bank of India is India's largest Bank.

We have products and services customised with a significant global footprint to suit your
banking needs.



To open an NRE account please complete the account opening form and mail it to the
branch of your choicealongwith ;

• Passport copy
• Visa/residence permit
• 2 photographs
• initial money remittance

Your signature may be verified by anyone of the following;

• Indian Embassy/consulate
• Any person known to the Bank
• Notary public
• Any of our offices abroad

You can open

• NRE Saving Bank a/c / Current Accounts
• Fixed Deposits in Indian Rupees
• Fixed Deposits in Foreign Currency
• NRO accounts (Rupee accounts for crediting income inIndia )

You can authorise a resident to operate your account through a Power of Attorney or Letter
of Authority

Nomination Facility available (Nominee can be a resident Indian also)


[Print Page]
NRIs can open the following types of accounts with us
• NRE Rupee Accounts.
• Savings Bank.
• Current Accounts.
• Term Deposits (Interest Paid out Quarterly).
• Special Term deposits (Interest compounded Quarterly).
• Non-Resident (Ordinary) Account .
• NRO A/cs - Rupee Accounts for crediting income in India.
• Foreign Currency Non Resident Accounts.
• Dollar Premium Account.
• Fixed Deposits in Pound Sterling, US Dollar Euro Canadian Dollar and Australian Dollar
• Resident Foreign Currency Accounts.

In case of any assistance/information, you may contact our Nodal Officers at all Local Head


Ahmedabad Ms.Nilamkunvar R.Zala
GUJARAT Phone : 079 - 25506425 Fax : 25509770
Email ID :
Bangalore Ms. Jayashree Srinivasan
KARNATAKA Phone : 080 - 25943152
Fax 25943125 Telefax 25943157
Email ID :
BhopalCircle Mr. Brindaban Sahoo
MADHYA PRADESH Phone : 0755-2575974/2575976
Email ID :

Bhubaneswar Circle Mr. Manoj Mishra

ORISSA Email :
Phone : 0674 - 2392443 Fax : 2393336
CHANDIGARH Circle Shri P.K. Malhotra
HARYANA Phone : 0172-2709061 Fax :2540058

Chennai Mr. G. Mohan

TAMIL NADU Phone :044-28215443/ 28213120
PONDICHERRY Fax-28312636
Email ID :
Guwahati Circle Shri Gobardhan Pal
ARUNACHAL PRADESH Phone : 0361 - 2237595 Fax : 2237585
Email ID :
DELHI Circle Shri Arvind Agarwal
HARYANA Phone No.011-23407141
(Sonipat/ Fax - 011-23361098
Email ID :

Hyderabad Circle Shri Bhaskar (CM)

ANDHRA PRADESH Phone : (040)23466316 Fax : 24761176
Email ID :
Kerala Mr. Praveen G.
Circle Phone : 0471 - 6549966
Fax: 2323075
Email ID :
Kolkata Circle Shri Uttam Das
WEST BENGAL Phone - 033 22131707
Fax: 22130622
Email ID :
Lucknow Circle Shri Sudesh Bhatt
UTTAR PRADESH Phone : 0522-2234032 Fax 2231463
email : Email ID :
Mumbai Circle Mrs. Debbie Rodrigues /
MAHARASHTRA Ms. Shashikala Sardeshmukh
GOA Phone : 022 – 67514511 / 64514502
Fax : 67514505
email :
Shri Rakesh Kumar
Tel No. 0612-2209081
Patna Circle Fax : 2209074/ 2209042
email :

For any suggestions/information, pl. contact /
MUMBAI - 400021.
022 22820807

[Print Page]

State Bank of India Caters to the needs of agriculturists and landless agricultural
labourers through a network of 8750 rural and semi-urban branches. Apart from the
branches, there are 428 Agricultural Development Branches (ADBs) which also cater to
agriculturists. We are the leaders in agri finance in the country with a portfolio of Rs. 64,000
crs in agri advances covering around 80 lac accounts.

Our branches have covered a whole gamut of agricultural activities like crop production ,
horticulture , plantation crops, farm mechanization, land development and reclamation,
digging of wells, tube wells and irrigation projects, forestry, construction of cold storages
and godowns, processing of agri-products, finance to agri-input dealers, allied activities like
dairy , fisheries, poultry, sheep-goat, piggery and rearing of silk worms.

To give special focus to agriculture lending Bank has also appointed agri specialists in
various disciplines to handle projects/ guide farmers in their agri ventures. Advances are
given to borrowers for very small activities covering poorest of the poor to hitech activities
involving large fund outlays.

Now we are setting up Agri Commercial Branches (ACBs) which will handle high value agri
financing involving large investments. It envisages lending through corporate partnerships
and other large enterprises for commodity financing, investment credit, other high value
agriculture segments like horticulture, floriculture & food processing etc. It also focuses on
Agri related SME including setting up of Rice and Dhal mills, seed processing industry, food
processing industry, large and small scale dairy units, etc.

Traditionally, rural business is associated with agriculture and allied activities. Of late
however, the trickle down effect of economic growth, renewed focus on infrastructure
development, and employment generation in rural areas have led to huge investment by the
Government in rural India, with a view to bridge the urban and rural divide.

Considering that agriculture would continue to be significant driver of Indian economy, with
the possibilities of rapid growth in emerging areas like contract farming, agro-processing
and agro-export zones, etc., a separate Agri Business Unit (ABU) with a distinct
organizational structure has been set up in the Bank and under noted objectives has been
created in 2004:-

o Providing focused attention on the banking requirements of the agriculture


o Achieving 18% target under agricultural advances as required under priority sector

o Focus on micro finance and SHG opportunities (now part of non-farm sector in
Rural Business),
o Focus on Key Corporate and Institutional relationships in agriculture, emerging
opportunities, and special initiatives, as may be necessary,

o Focus on product development and management,

o Reduce NPA levels in Agriculture,

o Make agriculture a commercial proposition.

ABU has four departments headed by Deputy General Managers. :-

1. Agri Business, Planning, Monitoring and Market Intelligence.

2. Corporate and Institutional Relationship.

3. Product Development and Marketing.

4. RRBs & Lead Bank Department.

We also have an effective Marketing and recovery team in each region with responsibilities
for marketing and building relationships with dealers of agri-products, organizing
promotional events and for loan sanction, processing, monitoring and recovery.

With a collective effort of Govt. and the people, we are set forth to continue growth in the
rural and agri development and become the ‘Banker to Every Indian’.

[Print Page]

International banking services of State Bank of India are delivered for the benefit of its
Indian customers, non-resident Indians, foreign entities and banks through a network
of 131offices/branches in 32 countries as on 31 July 2009, spread over all time zones.
The network is augmented by a cluster of Overseas and NRI branches within India and
correspondent links with over 522 banks, the world over. Bank's Joint Ventures and
Subsidiaries abroad further underline the Bank's international presence.

The services include corporate lending, loan syndications, merchant banking, handling
Letters of Credit and Guarantees, short-term financing, collection of clean and documentary
credits and remittances.

The Bank has carved a niche for itself in the Euroland with branches located
in Antwerp, Paris and Frankfurt. Indian banks and corporates are able to avail single-
window Euro services from the Bank's Frankfurt branch.

"SBI now provides your Account Balance and Transaction details over phone round-the-
clock. Information on deposits & loan schemes and services also available. Call 1800112211
(tollfree from BSNL/MTNL) or New Contact Centre Access Numbers."

[Print Page]

SBI is a one shop providing financial products / services of a wide range for large , medium
and small customers both domestic and international.

Working Capital Financing

 Assistance extended both as Fund based and Non-Fund based facilities to

Corporates , Partnership firms , Proprietary concerns
 Working Capital finance extended to all segments of industries and services sector
such as IT

Term Loans

To support capital expenditures for setting up new ventures as also for expansion,
renovation etc.

Deferred Payment Guarantees

To support purchase of capital equipments.

Corporate Loans

For a variety of business related purposes to corporates.

Export Credit

To Corporates / Non Corporates

Strategic Business Units

(i) Corporate Accounts Group (CAG)

(ii)Project Finance
(iii) Lease Finance
 An exclusive unit providing one s shopping to Corporates
 A dedicated set up specialised in financing of infrastructure and other large
 Exclusive set up for handling large ticket leases.
 SBI's Prime Lending Rates (PLR) are among the lowest
 Presently Bank has two PLR's
 SBAR for loans payable on demand and upto one year
 SBMTLR for loans payable beyond one year.

State Bank of India has been playing a vital role in the development of small scale
industries since 1956.The Bank has financed over 8 lakhs SSI units in the country.It has 55
specialised SSI branches, 99 branches in industrial estates and more than 400 branches
with SIB divisons.

The Bank finances for Small Business activities which are of special significance to a large
number of people as many of these activities can be started with relatively lower investment
and with no special skills on the part of the enterpreneurs.

"SBI now provides your Account Balance and Transaction details over phone round-the-
clock. Information on deposits & loan schemes and services also available. Call 1800112211
(tollfree from BSNL/MTNL) or New Contact Centre Access Numbers."