State Bank of India
Type	Public (BSE, NSE:SBI) & (LSE: SBID)
Founded	Calcutta, 1806 (as Bank of Calcutta)
Headquarters	Corporate Centre, Madame Cama Road, Mumbai 400 021 India
Key people	Chairman Om Prakash Bhatt
Industry	Banking Insurance Capital Markets and allied industries
Products	Loans, Credit Cards, Savings, Investment vehicles, SBI Life (Insurance) etc.
Revenue	USD 13.775 billion (2005)
Website	www.statebankofindia.com

State Bank of India (SBI) (LSE: SBID) is a Public Sector Banking Organisation (PSB), in which the Government of India is the biggest shareholder, and is the largest bank in India. Measured by the number of branch offices, SBI is the second largest bank in the world. (As a result of the takeover of State Bank of Saurashtra, SBI's branch count will increase to over 11,000 Branches throughout India.) SBI traces its ancestry back to the Bank of Calcutta, which was established in 1806; this makes SBI the oldest commercial bank in the Indian subcontinent. SBI provides various domestic, international and NRI products and services, through its vast network in India and overseas. With an asset base of $126 billion and its reach, it is a regional banking behemoth. Image File history File links SBI-logo. ... This article does not cite any references or sources. ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (Marathi:मुंबई शेयर बाजार) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ... The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... This article is on Calcutta/Kolkata, the city. ... 1806 was a common year starting on Wednesday (see link for calendar). ... Image File history File links Flag_of_India. ... Bhikaiji Rustom Cama (Madam Cama, Madame Cama) (September 24, 1861 - August 13, 1936) was a prominent figure in the Indian Nationalist Movement. ... , Bombay redirects here. ... For other uses, see Bank (disambiguation). ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... The capital market is the market for long-term loans and equity capital. ... This article is about the payment system. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... Green up arrow for a positive change in revenue from last fiscal year. ... The United States dollar is the official currency of the United States. ... A website (alternatively, web site or Web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or more web servers, usually accessible via the Internet. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... Judiciary Supreme Court of India Chief Justice of India High Courts District Courts Elections Political Parties Local & State Govt. ... For other uses, see Bank (disambiguation). ... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... 1806 was a common year starting on Wednesday (see link for calendar). ... Map of South Asia (see note) This article deals with the geophysical region in Asia. ... A non-resident Indian (NRI) is an Indian citizen who has migrated to another country. ...

In recent years the bank has focused on four priorities, first, reducing its huge staff through the Golden handshake scheme known as the Voluntary Retirement Scheme, second, computerizing its operations, third, implementation of Business Process Re-Engineering(BPR), and fourth, trying to change the attitudes of its staff through a program named 'Parivartan' or 'change'. On the whole, the Bank has been successful in the first three initiatives but has failed in Parivartan. A golden handshake or golden parachute is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring, or even scheduled retirement. ...

History

• 1806: On June 2, the Bank of Calcutta was established.
• 1809: On January 2, the Bank of Calcutta changed its name to the Bank of Bengal.
• 1840: On April 15, the Bank of Bombay was established.
• 1843: On July 1, the Bank of Madras was established.

These three banks — Bank of Bengal, Bank of Bombay, and Bank of Madras — were known as Presidency banks, were the result of royal charters, and were incorporated as joint stock companies. old photo of the Bank of Bengal File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... 1806 was a common year starting on Wednesday (see link for calendar). ... is the 153rd day of the year (154th in leap years) in the Gregorian calendar. ... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... Year 1809 (MDCCCIX) was a common year starting on Sunday (link will display the full calendar). ... is the 2nd day of the year in the Gregorian calendar. ... The Bank of Calcutta was founded on June 2, 1806, mainly to fund General Wellesleys wars against Tipu Sultan and the Marathas. ... 1840 is a leap year starting on Wednesday (link will take you to calendar). ... is the 105th day of the year (106th in leap years) in the Gregorian calendar. ... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... Year 1843 (MDCCCXLIII) was a common year starting on Sunday (link will display the full calendar) of the Gregorian Calendar (or a common year starting on Friday of the 12-day slower Julian calendar). ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... The Bank of Madras, one of the three Presidency Banks, the other two being, the Bank of Calcutta and the Bank of Mumbai, was established on 1st July 1843, and was headquartered in Madras, now Chennai. ... For the ship of the same name, see Royal Charter (ship). ... A joint stock company (JSC) is a type of business partnership in which the capital is formed by the individual contributions of a group of shareholders. ...

• 1861: The government passed the Paper Currency Act, limiting the right to issue paper currency to the three Presidency banks, .
• 1921: On January 27, the government amalgamated the three Presidency banks to form the Imperial Bank of India. The Imperial Bank of India continued as a joint stock company. Until the establishment of a central bank in India, the Imperial Bank and its early predecessors served as India's central bank, at least with respect to the issuing of currency.
• 1955: On 30 April, the Parliament of India enacted the State Bank of India Act authorizing the Reserve Bank of India (RBI), which is the central bank, to acquire a controlling interest in the Imperial Bank of India. The RBI then took a 60% ownership stake. On July 1, Imperial Bank of India became State Bank of India.

• 1959: the Government of India passed the State Bank of India (Subsidiary Banks) Act, which enabled SBI to take over eight former State-associated banks as its subsidiaries.
• 1980s When Bank of Cochin in Kerala faced a financial crisis, the government merged it with State Bank of India.
• 2007: On June 29, the Government of India acquired the entire Reserve Bank of India (RBI) shareholding in State Bank of India (SBI), consisting of over 314 million equity shares, with a market value of over 355 billion rupees.

• 2008: 9 March 2008 State Bank of India on Sunday became only the second bank in the world to have 10,000 branches when Union Finance Minister P Chidambaram inaugurated its latest branch at Puduvayal.^[1]

Year 1861 (MDCCCLXI) was a common year starting on Tuesday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Sunday of the 12-day slower Julian calendar). ... Year 1921 (MCMXXI) was a common year starting on Saturday (link will display the full calendar). ... is the 27th day of the year in the Gregorian calendar. ... The Imperial Bank of India (IBI) was the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into State Bank of India in 1955. ... Year 1955 (MCMLV) was a common year starting on Saturday (link displays the 1955 Gregorian calendar). ... is the 120th day of the year (121st in leap years) in the Gregorian calendar. ... Sansad Bhavan, The Parliament of India The Parliament of India (or Sansad) is bicameral. ... The RBI headquarters in Mumbai The RBI Regional Office in Mumbai The RBI heaquarters in Delhi. ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 1959 (MCMLIX) was a common year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... Judiciary Supreme Court of India Chief Justice of India High Courts District Courts Elections Political Parties Local & State Govt. ... The 1980s refers to the years from 1980 to 1989. ... , Kerala ( ; Malayalam: കേരളം; ) is a state on the Malabar Coast of southwestern India. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 180th day of the year (181st in leap years) in the Gregorian calendar. ... The RBI headquarters in Mumbai The RBI Regional Office in Mumbai The RBI heaquarters in Delhi. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 68th day of the year (69th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ...

Associate banks

There are seven other associate banks that fall under SBI. They all use the "State Bank of" name followed by the regional headquarters' name. These were originally banks belonging to princely states before the government nationalized them in 1959. In tune with the first Five Year Plan, emphasizing the development of rural India, the government integrated these banks with the State Bank of India to expand its rural outreach. The State Bank group refers to the seven associates and the parent bank. All the banks use the same logo of a blue keyhole. Currently, the group is merging all the associate banks into SBI, which will create a "mega bank", and one hopes, streamline operations and unlock value. Hundreds of Princely states in British India existed prior to the independence of India and Pakistan in 1947, ruled by semi-independent potentates. ... Year 1959 (MCMLIX) was a common year starting on Thursday (link will display full calendar) of the Gregorian calendar. ...

• State Bank of Bikaner & Jaipur
• State Bank of Hyderabad
• State Bank of Indore
• State Bank of Mysore
• State Bank of Patiala
• State Bank of Saurashtra is in the process of merging with the State Bank of India.
• State Bank of Travancore

State Bank of India (SBI) is the largest bank in India. ... State Bank of Hyderabad is an associate bank of State Bank of India and one of the nationalised banks in India. ... State Bank of Indore is one of the nationalised bank in India. ... State Bank of Mysore is one of the nationalised bank in India. ... State Bank of India (SBI) is the largest bank in India. ... State Bank of Saurashtra is one of the nationalised bank in India. ... State Bank of Travancore (SBT) is a nationalised bank in India. ...

Foreign Offices

State Bank of India is present in 32 countries, where it has 84 offices serving the international needs of the bank's foreign customers, and in some cases conducts retail operations. The focus of these offices is India-related business.

Foreign Branches

SBI has branches in these countries:

The Israeli branch

• Australia
• Bahrain
• Bangladesh
• Belgium
• Canada
• France
• Germany
• Hong Kong
• Israel
• Japan
• People's Republic of China
• Republic of Maldives
• Singapore
• South Africa
• Sri Lanka
• Sultanate of Oman
• The Bahamas
• United Arab Emirates
• U.K.
• U.S.A

The Sultanate of Oman is a country in the southwestern part of Asia, on the southeast coast of the Arabian Peninsula. ... The United Kingdom of Great Britain and Northern Ireland is a country in western Europe, and a member of the European Union. ... For other uses, see United States (disambiguation) and US (disambiguation). ...

Subsidiaries and Joint Ventures

In addition to the foreign branches above, SBI has these wholly owned subsidiaries and joint ventures:

• Nepal State Bank Limited is an Indo-Nepalese joint venture between State Bank of India, the Employees Provident Fund, and the Agricultural Development Bank of Nepal. It commenced operations on July 7, 1993, and now has 21 branches throughout Nepal.
• SBI Mauritius is an offshore bank, incorporated in 1990.
• Indian Ocean International Bank (Mauritius) has been operating in Mauritius since 1978. SBI acquired a majority stake in the bank in April 2005. The bank is is a commercial bank with 11 branches in major cities/towns in Mauritius, including Rodrigues.
• SBI Canada has been operating for more than a decade and has a number of branches in the Toronto and Vancouver areas.
• State Bank of India established SBI California in 1982. The bank has six branches within the state.

is the 188th day of the year (189th in leap years) in the Gregorian calendar. ... Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Rodrigues is a common surname in the Portuguese language, namely in Portuguese speaking world, as well as other places. ... For other uses, see Vancouver (disambiguation). ...

Growth

Mumbai, India location.

State Bank of India has often acted as guarantor to the Indian Government, most notably during Chandra Shekhar's tenure as Prime Minister of India. With 10,000 branches^[1] and a further 4000+ associate bank branches, the SBI has extensive coverage. Following its arch-rival ICICI Bank, State Bank of India has electronically networked most of its metropolitan, urban and semi-urban branches under its Core Banking System(CBS), with over 4500 branches being incorporated so far. The bank has the largest ATM network in the country having more than 5600 ATMs^[2]. The State Bank of India has had steady growth over its history, though the Harshad Mehta scam in 1992 marred its image. Image File history File links Download high resolution version (2856x2142, 2551 KB) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Image File history File links Download high resolution version (2856x2142, 2551 KB) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Judiciary Supreme Court of India Chief Justice of India High Courts District Courts Elections Political Parties Local & State Govt. ... Chandra Shekhar Singh (Hindi: ) (July 1, 1927 - July 8, 2007) was the eleventh Prime Minister of the Republic of India. ... The Prime Minister of India is, in practice, the most powerful person in the Government of India. ... ICICI Bank HQ at BKC Mumbai ICICI Bank (BSE: ICICI) (formerly Industrial Credit and Investment Corporation of India) is Indias largest private sector bank in market capitalization and second largest overall in terms of assets. ... Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine, automated teller machine (ATM) or cash machine is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without... The Big Bull - Harshad Mehta Harshad Mehta was an Indian stockbroker caught in a scandal beginning in 1992. ... Year 1992 (MCMXCII) was a leap year starting on Wednesday (link will display full 1992 Gregorian calendar). ...

In recent years, the bank has sought to expand its overseas operations by buying foreign banks. It is the only Indian bank to feature in the top 100 world banks in the Fortune Global 500 rating and various other rankings. According to the Forbes 2000 listing it tops all Indian companies. The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. ... Wikipedia does not yet have an article with this exact name. ...

Fortune Global 500 Ranking - 2007

SBI debuted in the Fortune Global 500^[3] at 498 in 2006. In 2007 it moved up to 495. As per fortune 500-2007 following are the data for SBI in $ million. The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. ...

Revenues 15,119.4.

Profits 1,407.3.

Assets 187,547.1.

Stockholders' Equity 9,786.2

Group companies

• SBI Capital Markets Ltd
• SBI Mutual Fund (A Trust)
• SBI Factors and Commercial Services Ltd
• SBI DFHI Ltd
• SBI Cards and Payment Services Pvt Ltd
• SBI Life Insurance Co. Ltd - Bancassurance (Life Insurance)
• SBI Funds Management Pvt Ltd
• SBI Canada

Bancassurance is the term used to describe the sale of insurance products in a bank. ...

IT Initiatives

According to PM Network (December 2006, Vol. 20, No. 12), State Bank of India launched a project in 2002 to network more than 14,000 domestic and 70 foreign offices and branches. The first and the second phases of the project have already been completed and the third phase is still in progress. As of December 2006, over 10,000 branches have been covered. Information and communication technology spending in 2005 Information Technology (IT), as defined by the Information Technology Association of America (ITAA), is the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

The new infrastructure serves as the bank's backbone, carrying all applications, such as the IP telephone network, ATM network, Internet banking and internal e-mail. The new infrastructure has enabled the bank to further grow its ATM network with plans to add another 3,000 by the end of 2007 raising the total number to 8,600. As of September 20, 2007 SBI has 7236 ATMs. sbi kanpur An overview of how VoIP works A typical analog telephone adapter for connecting an ordinary phone to a VoIP network Ciscos implementation of VoIP - IP Phone Voice over Internet Protocol, also called VoIP (pronounced voyp), IP Telephony, Internet telephony, Broadband telephony, Broadband Phone and Voice over Broadband is the... An NCR Personas 85-Series interior, multi-function ATM in the USA Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden. ... Online banking (Internet banking) is a term used for performing transactions, payments etc. ... Wikipedia does not yet have an article with this exact name. ... An NCR Personas 85-Series interior, multi-function ATM in the USA Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premise Wincor Nixdorf mono-function ATM in Sweden. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ...

See also

• Indian banking
• State Bank of India Officers Association (Chennai Circle)

In India, formal banking originated in the first decade of 18th century with The General Bank of India coming into existence in 1786. ...

References

2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 68th day of the year (69th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 113th day of the year (114th in leap years) in the Gregorian calendar. ...

External links

• Main SBI Site
• Online SBI
• Online SBI (Global)
• SBI Act 1955
• State Bank of India financial summary at Google Finance

v • d • e BSE Sensex companies of India ACC · Bajaj · Airtel · BHEL · Cipla · DLF · Grasim · Gujarat Ambuja · HDFC · HDFC Bank · Hero Honda · Hindalco · HUL (formerly HLL) · ICICI Bank · Infosys · ITC · L&T · Maruti · NTPC · ONGC · Ranbaxy · Reliance Comm. · Reliance Energy · RIL · Satyam · SBI · TCS · Tata Motors · Tata Steel · Wipro Structure of the organised banking sector in India. ... The RBI headquarters in Mumbai The RBI Regional Office in Mumbai The RBI heaquarters in Delhi. ... Logo of Allahabad Bank Allahabad Bank is the oldest public sector bank in India, having begun operations in 1865. ... Andhra Bank is an Indian nationalised commercial bank, founded in 1923 by Dr.Bhogaraju Pattabhi Sitaramayya. ... Bank of Baroda (BSE: 532134) is a bank in India established on July 20, 1908 by Maharaja of Baroda Sir Sayajirao Gaekwad III in the princely state of Baroda, in Gujarat. ... Bank of India, Chennai. ... 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