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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.

Want To Change SBI Bank Account From One Branch To Another? Here's How To Do It Online; Step-by-Step Guide
India.com Business Desk | May 11, 2023 3:06 PM IST
You can also change the branch via the YONO app or YONO Lite. But even in this case, your phone
Want To Change SBI Bank Account From One Branch To Another? Here's How To Do It Online; Step-by-Step Guide
indiacom
2023-05-11T04:06:33+00:00
2023-05-11T04:07:20+00:00
State Bank Of India
India.com
Hiring Alert: From SBI Bank to CRPF; Here’s A List Of Jobs To Apply For This Week
Sumaila Zaman | May 7, 2023 8:34 PM IST
Jobs 2023: Candidates can check the important dates, vacancies, application link, official website,
Hiring Alert: From SBI Bank to CRPF; Here’s A List Of Jobs To Apply For This Week
indiacom
2023-05-07T09:34:54+00:00
2023-05-07T09:41:59+00:00
State Bank Of India
India.com
Bank Jobs 2023: SBI is Hiring. Check Vacancy, Last Date, Eligibility Here
Sumaila Zaman | April 29, 2023 2:09 PM IST
SBI SCO Recruitment 2023: State Bank of India(SBI) is hiring. A total of 217 vacant posts will be
Bank Jobs 2023: SBI is Hiring. Check Vacancy, Last Date, Eligibility Here
indiacom
2023-04-29T03:09:17+00:00
2023-04-29T03:13:38+00:00
State Bank Of India
India.com
SBI Net Banking Registration: Here’s How You Can Easily Activate SBI Net Banking Online
India.com Business Desk | April 27, 2023 11:36 PM IST
Once you register with SBI net banking, you can make use of several services such as account
SBI Net Banking Registration: Here’s How You Can Easily Activate SBI Net Banking Online
indiacom
2023-04-27T12:36:30+00:00
2023-04-27T12:36:30+00:00
State Bank Of India
India.com
SBI Reintroduces Amrit Kalash Fixed Deposit Scheme, Offers 7.1% Interest Rate | Details Here
India.com Business Desk | April 16, 2023 6:50 AM IST
SBI Amrit Kalash FD Scheme: In this special FD scheme, general customers would get 7.29 per cent
SBI Reintroduces Amrit Kalash Fixed Deposit Scheme, Offers 7.1% Interest Rate | Details Here
indiacom
2023-04-15T19:50:47+00:00
2023-04-15T19:50:47+00:00
State Bank Of India
India.com
Bank Jobs 2023: State Bank of India Is Hiring. Check Vacancy, Salary, Other Details Here
Sumaila Zaman | April 7, 2023 4:28 PM IST
SBI Recruitment 2023: State Bank of India is hiring. A total of 1031 vacant posts will be filled
Bank Jobs 2023: State Bank of India Is Hiring. Check Vacancy, Salary, Other Details Here
indiacom
2023-04-07T05:28:43+00:00
2023-04-07T05:34:23+00:00
State Bank Of India
India.com
SBI Server Down: Customers Say Net Banking, UPI And YONO Services Not Working
India.com Business Desk | April 3, 2023 2:05 PM IST
SBI Server Down: As per the website-monitoring service Downdetector, the users report indicates
SBI Server Down: Customers Say Net Banking, UPI And YONO Services Not Working
indiacom
2023-04-03T03:05:28+00:00
2023-04-03T04:36:10+00:00
State Bank Of India
India.com
These Special Fixed Deposit Schemes By SBI and HDFC Bank Will Be Discontinued From March 31
India.com Business Desk | March 28, 2023 12:15 PM IST
India's largest private sector lender, the HDFC Bank, launched a special fixed deposit scheme
These Special Fixed Deposit Schemes By SBI and HDFC Bank Will Be Discontinued From March 31
indiacom
2023-03-28T01:15:56+00:00
2023-03-28T01:15:56+00:00
State Bank Of India
India.com
How to Reset SBI YONO Username, Password. Step-by-step Guide Here
India.com Business Desk | March 25, 2023 11:09 PM IST
SBI's YONO app offers services like net banking, opening fixed deposits, viewing transaction
How to Reset SBI YONO Username, Password. Step-by-step Guide Here
indiacom
2023-03-25T12:09:10+00:00
2023-03-25T12:09:10+00:00
State Bank Of India
India.com
SBI, Kotak Mahindra, HDFC: List of Banks That Offer Free Accident, Life Insurance With Debit Cards
India.com Business Desk | March 25, 2023 9:38 PM IST
Kotak Mahindra Bank provides a lost card liability coverage that covers transactions up to Rs 6
SBI, Kotak Mahindra, HDFC: List of Banks That Offer Free Accident, Life Insurance With Debit Cards
indiacom
2023-03-25T10:38:50+00:00
2023-03-25T10:59:14+00:00
State Bank Of India
India.com
SBI Recruitment 2023: Salary Up To Rs 40,000; Check Qualifications, Apply For 877 Vacancies Before April 1
India.com Education Desk | March 23, 2023 8:16 AM IST
SBI Recruitment 2023: The candidates will be selected on the basis of qualification and experience
SBI Recruitment 2023: Salary Up To Rs 40,000; Check Qualifications, Apply For 877 Vacancies Before April 1
indiacom
2023-03-22T21:16:35+00:00
2023-03-23T02:15:16+00:00
State Bank Of India
India.com
SBI Hikes Prime Lending Rate, Base Rate By 70 bps From Today. Check Latest Rates Here
India.com Business Desk | March 15, 2023 8:21 AM IST
Going by the historical figures mentioned in the bank's website, the new BPLR is the highest since
SBI Hikes Prime Lending Rate, Base Rate By 70 bps From Today. Check Latest Rates Here
indiacom
2023-03-14T21:21:08+00:00
2023-03-14T21:21:08+00:00
State Bank Of India
India.com
SBI PO Phase III Call Letter 2023 Released: Exam on March 19. Here’s How to Download SBI Admit Card
India.com Education Desk | March 14, 2023 11:28 AM IST
SBI PO Phase III Call Letter 2023 contains important information such as the candidate's name, roll
SBI PO Phase III Call Letter 2023 Released: Exam on March 19. Here’s How to Download SBI Admit Card
indiacom
2023-03-14T00:28:32+00:00
2023-03-14T05:33:55+00:00
State Bank Of India
India.com
SBI Savings Bank Account: Here’s How To Update Mobile Phone Number With Bank Account. Check Step-by-step Guide Here
India.com Business Desk | March 11, 2023 2:41 PM IST
SBI Savings Bank Account: If your mobile phone number is not registered, here are three ways in
SBI Savings Bank Account: Here’s How To Update Mobile Phone Number With Bank Account. Check Step-by-step Gu
indiacom
2023-03-11T03:41:53+00:00
2023-03-12T06:37:44+00:00
State Bank Of India
India.com
SBI Clerk Main Result 2023 Released at sbi.co.in, Check Steps To Download Here
India.com News Desk | March 10, 2023 9:42 PM IST
The candidates who have appeared for the examination can check the results on the official website
SBI Clerk Main Result 2023 Released at sbi.co.in, Check Steps To Download Here
indiacom
2023-03-10T10:42:18+00:00
2023-03-10T10:42:35+00:00
State Bank Of India
India.com
BOI PO Recruitment 2023 UPDATE: Bank to Release Hall Ticket Soon at bankofindia.co.in
India.com News Desk | March 10, 2023 6:54 PM IST
According to the bank, this recruitment drive is being conducted to fill 500 vacancies of which 350
BOI PO Recruitment 2023 UPDATE: Bank to Release Hall Ticket Soon at bankofindia.co.in
indiacom
2023-03-10T07:54:43+00:00
2023-03-10T07:54:43+00:00
State Bank Of India
India.com
SBI PO Main Result 2022 Declared at sbi.co.in, Here's Direct link
Sumaila Zaman | March 10, 2023 4:55 PM IST
SBI PO Main Result 2022 Link at sbi.co.in: Candidates can check and download the SBI PO Main Result
SBI PO Main Result 2022 Declared at sbi.co.in, Here's Direct link
indiacom
2023-03-10T05:55:58+00:00
2023-03-10T06:12:29+00:00
State Bank Of India
India.com
Bank Jobs 2023: SBI is Hiring. Check Circle-Wise Vacancy, Eligibility, Selection Process Here
Sumaila Zaman | March 10, 2023 3:32 PM IST
SBI Recruitment 2023: Interested and eligible candidates can apply online by visiting the official
Bank Jobs 2023: SBI is Hiring. Check Circle-Wise Vacancy, Eligibility, Selection Process Here
indiacom
2023-03-10T04:32:28+00:00
2023-03-10T04:36:34+00:00
State Bank Of India
India.com
Online Banking Fraud: Mumbai Woman Loses Rs 7.5 Lakh. Here’s How Bank Employee Cheated Customer
India.com News Desk | March 9, 2023 10:44 AM IST
Online banking Fraud: Police said nearly 12 fraudulent transactions amounting to Rs 7,63,196 were
Online Banking Fraud: Mumbai Woman Loses Rs 7.5 Lakh. Here’s How Bank Employee Cheated Customer
indiacom
2023-03-08T23:44:04+00:00
2023-03-08T23:48:39+00:00
State Bank Of India
India.com
International Women’s Day 2023: These Banks, NBFCs Offer High FD Interest Rate To Women Investors | Full List Here
India.com Business Desk | March 8, 2023 12:30 PM IST
Indian Bank recently introduced a new retail term deposit product called 'IND SUPER 400 DAYS' and
International Women’s Day 2023: These Banks, NBFCs Offer High FD Interest Rate To Women Investors | Full Li
indiacom
2023-03-08T01:30:35+00:00
2023-03-08T12:05:11+00:00
State Bank Of India
India.com

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