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State Bank of India

State Bank of India (SBI) is an Indian public sector multinational banking and financial services company. The company is included in the Fortune Global 500 list and it is a government owned corporation and it has its headquarters in Mumbai, Maharashtra. SBI is the largest banking and financial service in India with an asset of Rs 20,480 trillion and more than 14,000 branches which includes 191 foreign offices that are spread across 36 countries. Founded in 1806, SBI is the oldest commercial bank in Indian subcontinent and it is a banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.

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 modernise 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.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 upto 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.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 in 1955. Government of India owned the Imperial Bank of India in 1955, with Reserve Bank of India (India's Central Bank) taking a 60% state, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.

The logo of SBI is a blue circle with a small cut in the bottom and the logo depicts perfection and the small man the common man- being the center of the bank’s business. The logo is inspired by Kankaria Lake and the logo came from National Institute of Design (NID). 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. Other associated banks of SBI include State Bank of Patiala, State Bank of Mysore, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Travancore and BharatiyaMahilaBank.

ArundhattiBhattarchyais the current chairman of SBI.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.

SBI PO Mains Result 2019: State Bank of India to Declare Scores Shortly at sbi.co.in
India.com Education Desk | August 20, 2019 2:31 PM IST
SBI PO Mains Result 2019: The State Bank of India is likely to announce the result of SBI probationa...
SBI PO Mains Result 2019: State Bank of India to Declare Scores Shortly at sbi.co.in
indiacom
2019-08-20T03:31:52+00:00
2019-08-20T03:31:52+00:00
State Bank Of India
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This Festive Season State Bank of India Has Exciting Offers For Retail Customers; Read to Know More
India.com Business Desk | August 20, 2019 1:05 PM IST
New Delhi: The State Bank of India has special offers for retail banking customers during the upcomi...
This Festive Season State Bank of India Has Exciting Offers For Retail Customers; Read to Know More
indiacom
2019-08-20T02:05:15+00:00
2019-08-20T02:05:15+00:00
State Bank Of India
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State Bank of India Plans to Eliminate Debit Cards From Banking System
India.com Business Desk | August 20, 2019 7:10 AM IST
New Delhi: The State Bank of India is planning to end the ubiquitous usage of debit cards from the b...
State Bank of India Plans to Eliminate Debit Cards From Banking System
indiacom
2019-08-19T20:10:59+00:00
2019-08-19T20:10:59+00:00
State Bank Of India
India.com
Economy Needs Stimulus, Credit Demand Muted: SBI Chairman Rajnish Kumar
IANS | August 19, 2019 3:04 PM IST
Amid the economy roiling through a slowdown in demand and consumption, State Bank of India (SBI) cha...
Economy Needs Stimulus, Credit Demand Muted: SBI Chairman Rajnish Kumar
indiacom
2019-08-19T04:04:20+00:00
2019-08-19T04:04:20+00:00
State Bank Of India
India.com
SBI Extends Credit Period For Auto Dealers by 15-30 Days
IANS | August 19, 2019 8:02 AM IST
New Delhi: India's largest lender, the State Bank of India, on Sunday said that it is extending the ...
SBI Extends Credit Period For Auto Dealers by 15-30 Days
indiacom
2019-08-18T21:02:23+00:00
2019-08-18T21:02:23+00:00
State Bank Of India
India.com
SBI Clerk Main 2019: Moderate to Difficult Questions Asked Today; Exam Postponed For Flood-Hit Districts
India.com Education Desk | August 10, 2019 7:24 PM IST
SBI Clerk Main 2019: The State Bank of India (SBI) released a complete analysis of the Mains exam wh...
SBI Clerk Main 2019: Moderate to Difficult Questions Asked Today; Exam Postponed For Flood-Hit Districts
indiacom
2019-08-10T08:24:01+00:00
2019-08-10T08:24:01+00:00
State Bank Of India
India.com
State Bank of India Reports Rs 2,312 Crore Net Profit in First Quarter
PTI | August 2, 2019 5:07 PM IST
The country's largest bank SBI on Friday posted a standalone net profit of Rs 2,312.02 crore for the...
State Bank of India Reports Rs 2,312 Crore Net Profit in First Quarter
indiacom
2019-08-02T06:07:34+00:00
2019-08-02T06:07:34+00:00
State Bank Of India
India.com
India Benefitted Modestly From US-China Trade War, Says SBI Report
IANS | July 29, 2019 9:47 PM IST
India has benefited from the US-China trade war by exporting more items to China, a State Bank of In...
India Benefitted Modestly From US-China Trade War, Says SBI Report
indiacom
2019-07-29T10:47:26+00:00
2019-07-29T10:50:20+00:00
State Bank Of India
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SBI Slashes Interest Rates on Fixed Deposits From August 1; Check New Rates For India's Largest Bank Here
India.com Business Desk | July 29, 2019 3:57 PM IST
New Delhi: The State Bank of India (SBI) on Monday reduced the interest rates on deposit on various ...
SBI Slashes Interest Rates on Fixed Deposits From August 1; Check New Rates For India's Largest Bank Here
indiacom
2019-07-29T04:57:30+00:00
2019-07-29T05:07:06+00:00
State Bank Of India
India.com
SBI Clerk Prelims Result 2019: State Bank of India Releases Preliminary Exam Results at sbi.co.in
India.com Education Desk | July 24, 2019 11:38 AM IST
New Delhi: The State Bank of India (SBI) has released its SBI Clerk Prelims Result 2019. All the asp...
SBI Clerk Prelims Result 2019: State Bank of India Releases Preliminary Exam Results at sbi.co.in
indiacom
2019-07-24T00:38:16+00:00
2019-07-24T00:38:16+00:00
State Bank Of India
India.com
SBI Clerk Prelims Result 2019: Scores to be Announced Soon on Offcial Website at sbi.co.in
India.com Education Desk | July 23, 2019 8:44 PM IST
SBI Clerk Prelims Result 2019: The State Bank of India (SBI) will announce the SBI Clerk Preliminary...
SBI Clerk Prelims Result 2019: Scores to be Announced Soon on Offcial Website at sbi.co.in
indiacom
2019-07-23T09:44:58+00:00
2019-07-23T09:51:52+00:00
State Bank Of India
India.com
Indian Banks Win Legal Claim in UK Court to Disclose Vijay Mallya's Assets
India.com Business Desk | July 23, 2019 7:25 AM IST
London: A consortium of PSU banks led by State Bank of India (SBI) have won their latest legal claim...
Indian Banks Win Legal Claim in UK Court to Disclose Vijay Mallya's Assets
indiacom
2019-07-22T20:25:09+00:00
2019-07-22T20:25:09+00:00
State Bank Of India
India.com
SBI Net Banking, YONO App Down Since Monday Morning, Transactions and Payments Halted
India.com News Desk | July 22, 2019 5:42 PM IST
New Delhi: In a massive blackout, the online transaction portals of the State Bank of India were dow...
SBI Net Banking, YONO App Down Since Monday Morning, Transactions and Payments Halted
indiacom
2019-07-22T06:42:50+00:00
2019-07-22T06:42:50+00:00
State Bank Of India
India.com
SBI Clerk Prelims Result 2019: Scores to be Released Today on Official Website at sbi.co.in
India.com Education Desk | July 19, 2019 1:50 PM IST
SBI Clerk Prelims Result 2019: The State Bank of India (SBI) is expected to release the result of th...
SBI Clerk Prelims Result 2019: Scores to be Released Today on Official Website at sbi.co.in
indiacom
2019-07-19T02:50:29+00:00
2019-07-19T02:53:28+00:00
State Bank Of India
India.com
'Ask Your Banks to Take Money I'm Offering, Then Decide Who is CHOR': Vijay Mallya Gives Back to Trolls
India.com News Desk | July 14, 2019 2:31 PM IST
New Delhi: In a Twitter outburst, embattled businessman Vijay Mallya gave a piece of his mind to 'tr...
'Ask Your Banks to Take Money I'm Offering, Then Decide Who is CHOR': Vijay Mallya Gives Back to Trolls
indiacom
2019-07-14T03:31:03+00:00
2019-07-14T03:34:52+00:00
State Bank Of India
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SBI Waives Off Charges on Fund Transaction Through IMPS, NEFT And RTGS
India.com Business Desk | July 12, 2019 3:42 PM IST
New Delhi: The State Bank of India has waived off IMPS charges, ANI reported on Friday. Now, no fees...
SBI Waives Off Charges on Fund Transaction Through IMPS, NEFT And RTGS
indiacom
2019-07-12T04:42:08+00:00
2019-07-12T05:16:04+00:00
State Bank Of India
India.com
SBI Clerk Prelims Result 2019 to be Out Soon on Official Website sbi.co.in, All You Need to Know
India.com News Desk | July 11, 2019 11:56 AM IST
SBI Clerk Prelims Result 2019: The State Bank of India is likely to release the Clerk Prelims Result...
SBI Clerk Prelims Result 2019 to be Out Soon on Official Website sbi.co.in, All You Need to Know
indiacom
2019-07-11T00:56:21+00:00
2019-07-11T01:01:44+00:00
State Bank Of India
India.com
SBI PO Result 2019: Scores Declared on Official Website at sbi.co.in
India.com Education Desk | June 30, 2019 3:57 PM IST
SBI PO Result 2019: The results of the preliminary exam for SBI PO 2019 has been announced on the of...
SBI PO Result 2019: Scores Declared on Official Website at sbi.co.in
indiacom
2019-06-30T04:57:00+00:00
2019-06-30T04:57:00+00:00
State Bank Of India
India.com
State Bank of India Reveals Names of 10 Big 'Wilful Defaulters'
IANS | June 28, 2019 12:59 PM IST
Mumbai: The State Bank of India on Friday revealed the names of 10 new big-ticket firms and their to...
State Bank of India Reveals Names of 10 Big 'Wilful Defaulters'
indiacom
2019-06-28T01:59:06+00:00
2019-06-28T01:59:06+00:00
State Bank Of India
India.com
NCLT Admits SBI's Plea Against Jet Airways' Bankruptcy, Sets 90 days for Resolution
PTI | June 20, 2019 8:33 PM IST
New Delhi: The National Company Law Tribunal (NCLT) Thursday admitted the insolvency petition filed ...
NCLT Admits SBI's Plea Against Jet Airways' Bankruptcy, Sets 90 days for Resolution
indiacom
2019-06-20T09:33:05+00:00
2019-06-20T09:33:05+00:00
State Bank Of India
India.com