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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 CBO Result 2021 Declared on sbi.co.in: Here’s How to Check Your Score
India.com Education Desk | March 3, 2021 4:59 PM IST
SBI CBO Result 2021:L Candidates who cleared the exam will now have to appear for the interview
SBI CBO Result 2021 Declared on sbi.co.in: Here’s How to Check Your Score
indiacom
2021-03-03T05:59:02+00:00
2021-03-03T05:59:02+00:00
State Bank Of India
India.com
SBI Home Loan Gets Cheaper As Bank Reduces Interest Rates, Waives Processing Fee Till March 31
India.com Business Desk | March 2, 2021 8:06 AM IST
SBI now offers interest concessions of up to 70 bps (basis points) on home loans with interest
SBI Home Loan Gets Cheaper As Bank Reduces Interest Rates, Waives Processing Fee Till March 31
indiacom
2021-03-01T21:06:20+00:00
2021-03-01T21:06:20+00:00
State Bank Of India
India.com
SBI to Conduct Mega Property E-auction on 5th March. Here's All You Need to Know & Participate
India.com Business Desk | March 1, 2021 9:50 PM IST
The bank aims to auction mortgaged properties of defaulters in order to recover the dues.
SBI to Conduct Mega Property E-auction on 5th March. Here's All You Need to Know & Participate
indiacom
2021-03-01T10:50:54+00:00
2021-03-01T10:53:38+00:00
State Bank Of India
India.com
LPG Cylinder Prices, New ATM Rules And More: 7 Major Changes From March 1 to Affect Your Life
India.com News Desk | February 28, 2021 5:57 PM IST
Since these rules are going to affect your everyday life, you must know about these changes in
LPG Cylinder Prices, New ATM Rules And More: 7 Major Changes From March 1 to Affect Your Life
indiacom
2021-02-28T06:57:43+00:00
2021-02-28T06:58:18+00:00
State Bank Of India
India.com
RBI Recruitment 2021: 841 Vacancies for Across India, Apply Online At rbi.org.in, Check Date, Time And Other Details
India.com News Desk | February 24, 2021 12:23 PM IST
The Reserve Bank of India has released a notification for recruitment for the post of Office
RBI Recruitment 2021: 841 Vacancies for Across India, Apply Online At rbi.org.in, Check Date, Time And Other
indiacom
2021-02-24T01:23:39+00:00
2021-02-24T01:23:39+00:00
State Bank Of India
India.com
SBI PO Interview Admit Card 2021 Released At sbi.co.in, Download NOW | Direct Link Here
India.com News Desk | February 21, 2021 8:19 PM IST
The candidates who have qualified in the main examination can download their admit card through the
SBI PO Interview Admit Card 2021 Released At sbi.co.in, Download NOW | Direct Link Here
indiacom
2021-02-21T09:19:07+00:00
2021-02-21T09:19:07+00:00
State Bank Of India
India.com
Want to Link Your Aadhaar Card With SBI Savings Account? Here’s How to Do it
India.com Business Desk | February 18, 2021 11:38 PM IST
If you want to avail the benefit of government subsidies, it is mandatory to provide your Aadhaar
Want to Link Your Aadhaar Card With SBI Savings Account? Here’s How to Do it
indiacom
2021-02-18T12:38:36+00:00
2021-02-18T12:40:59+00:00
State Bank Of India
India.com
SBI SCO Result 2021 for Manager Credit Procedures Post Announced At sbi.co.in, Direct Link Here
India.com News Desk | February 17, 2021 9:23 PM IST
The recruitment exam occurred against the advertisement number CRPD/SCO/2020-21/27. Candidates who
SBI SCO Result 2021 for Manager Credit Procedures Post Announced At sbi.co.in, Direct Link Here
indiacom
2021-02-17T10:23:09+00:00
2021-02-17T10:25:49+00:00
State Bank Of India
India.com
SBI PO Main Result 2020 Announced, Here's How You Can Check Result of Selected Candidates Through Direct Link
India.com Education Desk | February 17, 2021 1:37 PM IST
SBI PO Main Result 2020 Announced: This year, the SBI PO recruitment drive is being conducted for
SBI PO Main Result 2020 Announced, Here's How You Can Check Result of Selected Candidates Through Direct Link
indiacom
2021-02-17T02:37:05+00:00
2021-02-17T02:37:05+00:00
State Bank Of India
India.com
SBI Customer Alert! Just Give a Missed Call To Get Cheapest & Quickest Loan
India.com Business Desk | February 16, 2021 6:13 PM IST
SBI Customer Alert! All customers have to do to apply for the SBI Xpress Credit personal loan is
SBI Customer Alert! Just Give a Missed Call To Get Cheapest & Quickest Loan
indiacom
2021-02-16T07:13:06+00:00
2021-02-16T07:22:15+00:00
State Bank Of India
India.com
SBI Customers Can Now Enjoy Doorstep Banking. Here's How You Can Register and Benefit From It
India.com Business Desk | February 15, 2021 4:32 PM IST
The service is available for fully KYC compliant account holders and savings bank/current accounts
SBI Customers Can Now Enjoy Doorstep Banking. Here's How You Can Register and Benefit From It
indiacom
2021-02-15T05:32:31+00:00
2021-02-15T07:03:42+00:00
State Bank Of India
India.com
SBI, Paytm, Netflix & Major Indian Brands Join The 'Pawri Ho Rahi Hai' Trend, Come up With Hilarious Memes
India.com Viral Desk | February 15, 2021 4:34 PM IST
Making the most of the trend, several Indian brands are now campaigning using the "pawri hori hai"
SBI, Paytm, Netflix & Major Indian Brands Join The 'Pawri Ho Rahi Hai' Trend, Come up With Hilarious Memes
indiacom
2021-02-15T05:34:37+00:00
2021-02-15T05:35:40+00:00
State Bank Of India
India.com
SBI Customers Alert: State Bank Announces Insurance Benefit of Rs 2 Lakh to Jan Dhan Account Holders | Details Here
India.com Business Desk | February 11, 2021 8:51 PM IST
SBI Customers Alert: Any Indian citizen, whose age is 10 years or more, can open a Jan Dhan
SBI Customers Alert: State Bank Announces Insurance Benefit of Rs 2 Lakh to Jan Dhan Account Holders | Detail
indiacom
2021-02-11T09:51:05+00:00
2021-02-11T09:59:16+00:00
State Bank Of India
India.com
SBI Online Alert: Now You Can Register Nominees Online For FD, RD, Savings, Current Accounts
India.com Business Desk | February 4, 2021 10:15 PM IST
Now, you can register nominees by either logging on to SBI website or via the YONO Mobile App.
SBI Online Alert: Now You Can Register Nominees Online For FD, RD, Savings, Current Accounts
indiacom
2021-02-04T11:15:20+00:00
2021-02-04T11:15:20+00:00
State Bank Of India
India.com
SBI Dec Quarter Net Dips 4.2 pc; Confident of Higher Loan Growth From Q2 FY22
PTI | February 4, 2021 8:56 PM IST
The State Bank of India controls over a fifth of the overall system, witnessed a healthy growth of
SBI Dec Quarter Net Dips 4.2 pc; Confident of Higher Loan Growth From Q2 FY22
indiacom
2021-02-04T09:56:55+00:00
2021-02-04T10:02:20+00:00
State Bank Of India
India.com
SBI Standalone Net Profit Falls 7% to Rs 5,196 Crore For December Quarter
PTI | February 4, 2021 2:30 PM IST
Total income (standalone) also fell marginally to Rs 75,980.65 crore during Q3FY21, as against Rs
SBI Standalone Net Profit Falls 7% to Rs 5,196 Crore For December Quarter
indiacom
2021-02-04T03:30:57+00:00
2021-02-04T03:30:57+00:00
State Bank Of India
India.com
SBI CBO Result 2020 LIVE NOW at sbi.co.in, Check Direct Link & how to check result here
India.com News Desk | January 28, 2021 9:08 PM IST
SBI
SBI CBO Result 2020 LIVE NOW at sbi.co.in, Check Direct Link & how to check result here
indiacom
2021-01-28T10:08:12+00:00
2021-01-28T10:31:45+00:00
State Bank Of India
India.com
SBI SO Recruitment 2021: Vacancies Notified For Specialist Cadre Officer Post | Apply by Feb 12, Check Details Here
India.com Education Desk | January 24, 2021 2:54 PM IST
SBI SO Recruitment 2021: All those who are interested can visit the official website and apply
SBI SO Recruitment 2021: Vacancies Notified For Specialist Cadre Officer Post | Apply by Feb 12, Check Detail
indiacom
2021-01-24T03:54:38+00:00
2021-01-24T03:54:38+00:00
State Bank Of India
India.com
SBI SCO Admit Card 2021 Released on sbi.co.in | Direct Link, Steps to Download Hall Ticket Here
India.com Education Desk | January 24, 2021 8:39 AM IST
SBI SCO Admit Card 2021: In case more than one candidate score the cut-off marks (common marks at
SBI SCO Admit Card 2021 Released on sbi.co.in | Direct Link, Steps to Download Hall Ticket Here
indiacom
2021-01-23T21:39:26+00:00
2021-01-23T21:40:00+00:00
State Bank Of India
India.com
SBI PO Prelims 2020-21 Results LIVE NOW At sbi.co.in, STEPS TO CHECK RESULTS AND DIRECT LINK HERE
India.com News Desk | January 18, 2021 10:22 PM IST
The SBI PO Result 2021 for Preliminary examination can be checked online now on the official
SBI PO Prelims 2020-21 Results LIVE NOW At sbi.co.in, STEPS TO CHECK RESULTS AND DIRECT LINK HERE
indiacom
2021-01-18T11:22:50+00:00
2021-01-18T12:55:55+00:00
State Bank Of India
India.com

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