SBI started evolving during the dawn of the nineteenth century with the invention of Bank of Calcutta in the year 1806. Within a span of few years, the bank was called as Bank of Bengal, the primary joint – stock bank of British and India created by the Bengal Government. In the year 1921, Bank of Madras and Bank of Bombay merged with bank of Bengal to form an Imperial Bank of India. Later this bank is formed as state Bank of India on 1st July, 1955 and is now glowing all through India. Business India adjudged SBI to be the ‘Best Bank 2009’ in August 2009. Shri O.P. Bhatt is the current Chairman of SBI.
SBI covers a huge network across India consisting about 14 Head offices, 57 Zonal offices, ten thousand branches excluding 5, 100 branches of its associate banks and 8500 ATMs which contains the ATM centers of SBI associate banks. Currently the bank has 82 foreign offices in 32 other countries across the World. SBI also consists of 8 banking subsidiaries and numerous non – banking subsidiaries. The bank has planned to spread its branches to one lakh villages by 2010.
SBI has commenced many new businesses like private equity, mobile banking etc. SBI annual report delivered the Operating Profit of SBI for the year ended 2008-09 was Rs.17, 915.23crores as compared to Rs.13, 107.55crores in 2007-08 recording a growth of 36.68%. The Bank has posted a Net Profit of Rs.9, 121.23crores for 2008-09 as compared to Rs.6, 729.12crores in 2007-08 registering a growth of 35.55%.
SBI was started as a community services banking. 8500 SBI bank branches are interconnected to ease the process of serving. The bank provides online educational loan, online home loan, online car loan, internet banking, mobile banking, ATM services, Demat services, NRI banking, corporate banking, International banking etc. Some of its other services are listed below.
• Domestic Treasury
• SBI Vishwa Yatra Foreign Travel Card
• Broking Services
• Revised Service CHARGES
• ATM Services
• Internet Banking
• Safe Deposit Locker
• Gift Cheques
• Micr Codes
SBI Personal Banking:
SBI products are designed with flexibility to suit the customer’s necessities. Its products are listed below.
• SBI Term Deposits
• SBI Loan For Pensioners
• SBI Recurring Deposits
• Loan Against Mortgage Of Property
• SBI Housing Loan
• Loan Against Shares & Debentures
• SBI Car Loan
• Rent Plus Scheme
• SBI Educational Loan
• Medi-Plus Scheme
• SBI Personal Loan
• Rates Of Interest
• e-Invest (ASBA) – IPO
SBI Agriculture / Rural Banking:
SBI is the leader in agricultural finance in the country with a portfolio of Rs.56, 000crores in agriculture advances covering around 70lakh farmers.
• Crop Loan (ACC)
• Produce Marketing Loan Scheme
• Loan Against Warehouse Receipts / Cold Storage Receipts
• Kisan Credit Card Scheme (KCC)
• Agricultural Term Loans (ATL)
• Land Development Schemes
• Minor Irrigation Schemes
• Farm Mechanisation Schemes
• Financing Of Combine Harvesters
• Kisan Gold Card Scheme
• Land Purchase Scheme
• Krishi Plus Scheme
• Arthias Plus Scheme
• Dairy Plus Scheme
• Broiler Plus Scheme
• Finance To Horticulture
• Lead Bank Scheme
SBI NRI Banking:
SBI offers services to Indians anywhere in the world through its branches all over the World. Its NRI services are listed below.
Types of Deposit Accounts
- NRE Savings Bank A/C
Foreign Currency Non-Resident Deposit Accounts
NRE Term Deposits
Non Resident (Ordinary Accounts)
Resident Foreign Currency Accounts
Housing Loan Scheme for Non Resident Indians
NRI-Car Loan Scheme
Remittances to India
NRI Home Loan.
SBI International Banking
SBI has started developing its business in foreign currencies with the overseas market and also with the Banks in India.
• Trade Finance
• Correspondent Banking
• Merchant Banking
• Project Export Finance
• Exporter Gold Card
• Offshore Banking
SBI application forms – click on the link below to get online application forms.
SBI Careers – click on the link below to know about the recruitments in SBI bank.
SBI Head Office Address
State Bank Of India
Madam Cama Road
Mumbai 400 021
SBI Phone Number – (022) 22029456 / (022) 22029451
SBI Email Id – [email protected]
SBI Website – www.statebankofindia.com
SBI Online Banking Website – http://www.onlinesbi.com/