Banknet’s Fourth Annual Edition of International Bank Tech Summit will be organized on September 16th 2008, at Taj Lands End, Mumbai, India...Read More
"Banknet's Seminar on Mobile Banking & Payments" on 26th August 2008 at Taj President, Mumbai will be the first seminar to discuss the final RBI guidelines on mobile payments...Read More
SBI RELATED STORIES
HELPLINE FOR SBI CLERICAL & OTHER EXAMS....read more
CHECK OUT QUARTERLY RESULTS OF BANKS IN INDIA....read more
As many as 80,000 officers of SBI and its associate banks will strike work in 15,000 branches on 18th August 2008 to protest the merger of SBI and State Bank of Saurashtra, according to All-India State Bank Officers Federation.
The Benchmark Prime Lending Rate (referred to as SBAR) of State Bank of India has been revised from 12.75% p.a. to 13.75% p.a. with effect from 12th August 2008.
State Bank of India Quarterly Profit up 15% at Rs 1640.79 Crore, despite making a huge provision for marked-to-market losses
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Indian government has sanctioned the Scheme of Acquisition of State Bank of Saurashtra by State Bank of India....read more
State Bank of India inaugrates 101 branches in a single day ....read more
SBI and Societe Generale Securities Services (SGSS), announce a joint venture to offer custody and related services in India....read more
Officers of the State Bank of India (SBI)deferred their nationwide strike slated for June 6, 2008.
SBI has raised interest rates on term deposits by 25-50 basis points from June 1, 2008 to garner resources for supporting business growth. SBI has revised rates for two to three years' maturity basket to 8.75 per cent. The new rate for the three to five years slab will be 8.85 per cent. For the five to 10 years bracket, the rate has been revised to 9 per cent from 8.5 per cent.
Need is to create the environment & culture in India for the loan repayments... Read more
Fitch Ratings has affirmed the ratings of State Bank of India ....read more
State Bank of India MYR500 million fixed-rate notes assigned 'BBB-' rating by Standard and Poor's....read more
State Bank of India (SBI) has become the second bank in the world to have more than 10,000 branches....read more
State Bank of India's third-quarter profit rose 70 percent, boosted by loan demand. Net income rose to 18.1 billion rupees ($459 million) in the three months ended Dec. 31 from 10.65 billion rupees a year earlier ....read more
State Bank (SBI) would raise 167.4 billion rupees ($4.2 billion) from the rights issue, including the contribution from the government....read more
State Bank of India plans to raise Rs 10,000 crore (US$2.5 billion)....read more
Fitch Ratings has affirmed State Bank of India's (SBI) ratings, following its announcement to merge the subsidiary State Bank of Saurashtra with itself....read more
Central Board of State Bank of India on August 25 2007, gave it's go ahead to the merger of State Bank of Saurashtra with itself ....read more
SBI Mutual Fund leads Nielsen’s Brand Equity Index in the 2007 Winning Brands Mutual Fund, a premier study that tracks the brand performance of various mutual fund houses....read more
State Bank of India (SBI) has clocked a 78.6 per cent jump in net profit for the first quarter ended June 30, 2007 at Rs. 1,425.81 crore as against Rs. 798.57 crore in the year-ago period. Profits in Q4FY07 and Q1FY08 had been highest ever quarterly profits for SBI....read more
State Bank of India (SBI), UTI Asset Management Company (UTIAMC) and Life Insurance Corporation (LIC) to be the first sponsors of pension funds in the country under the new pension system (NPS) for government employees....read more
In its biggest ever cash purchase, Government on 29th June 2007, acquired entire Reserve Bank of India (RBI) shareholding in State Bank of India....read more
State Bank of India net profits up by 75% at Rs 1,493 crore for the quarter ended March 2007....read more
State Bank of India is planning to introduce a uniform “look and feel” for their branches to enhance its branch image....read more
The Union Cabinet on 19th April 2007 gave its approval for carrying out the Amendments to the State Bank of India ( Subsidiary Banks Laws) Amendment Bill, 2006 introduced in the Lok Sabha on 22nd May, 2006 with a view to enhance flexibility of the Boards of Directors, improve corporate governance and provide power to the Boards of the subsidiary banks to frame regulations.
SBI again raises Benchmark Prime Lending Rate (referred to as SBAR) upwards by 50 bps from 12.25% p.a. to 12.75% p.a. with effect from 9th Aprll 2007.
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SBI Benchmark Prime Lending Rate (referred to as SBAR) has been revised upwards by 75 bps from 11.50% p.a. to 12.25% p.a. with effect from 20th February 2007....read more
>>> FOR MORE ON STATE BANK OF INDIA.....Click here
WEBSITES OF STATE BANK OF INDIA AND ASSOCIATE BANKS.....Click here
RATINGS BY INTERNATIONAL AGENCIES- MOODY’S, STANDARD & POOR’S, CRISIL,
Fitch
.....Click here
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2008
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STATE BANK OF INDIA REVIEWED RESULTS FOR FIRST QUARTER-FY 2006-07...Click here
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH 2006
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UNAUDITED FINANCIAL RESULTS FOR THE QUARTER/ 9 MONTHS PERIOD ENDED 31ST DECEMBER 2005
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WORKING RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2005
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WORKING RESULTS FOR THE QUARTER ENDED 30TH JUNE 2005
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WORKING RESULTS FOR THE YEAR ENDED 31ST MARCH 2005
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ABOUT STATE BANK OF INDIA
Top Management
Shri.O. P. Bhatt,
Chairman, State Bank of India
Shri S.K. Bhattacharyya,
MD & CC&RO, State Bank of India
Corporate Office
State Bank Bhavan, P. B. No. 12
Madame Cama Road, Mumbai 400 021
Tel No: 022-22022426 (EPBX)
Fax No: 022-22831647, 22040073, 22851391, 22852708
The State Bank of India has been, over the years, the flagship of Indian banking. State Bank of India is the largest bank in India in terms of profits, assets, deposits, branches and employees. With a network of over 9,000 branches in India and 51 foreign offices in 32 countries, the Bank commands about one-fifth of the total deposits and loans in all scheduled commercial banks in the country.
State Bank of India is the successor to Imperial Bank of India. The latter was established in 1921 with the amalgamation of three Presidency Banks of Bombay, Bengal and Madras. State Bank of India came into being on 1.7.1955 through the State Bank of India Act, 1955. The Banks of erstwhile princely states of India joined the State Bank Group as subsidiaries under the State Bank of India (Subsidiary Banks) Act 1959. Over the years, the Bank has expanded rapidly .
The Reserve Bank of India is the single largest shareholder of the Bank (with 59.73% stockholding followed by 14.1% NRI/FIIs, 11.8% financial institutions, 11.1% individuals and remaining with mutual funds and corporates). SBI's shares and bonds are listed for trading on all the major Indian stock exchanges. Its GDR is listed on the Luxembourg Stock Exchange.
With a view to inculcating transparency in banking transactions and for providing information to customers, the Bank launched a Citizen's Charter in the form of the Code of Fair Banking Practices together with the General Terms and Conditions of Service. Appropriately named, 'Towards Excellence' Code reflects the Bank's commitment to provide service of the highest order and serves as a document of self-discipline.
ASSOCIATE BANKS
State Bank of India has the following seven Associate Banks (ABs) with controlling interest ranging from 75% to 100%.
State Bank of Bikaner and Jaipur (SBBJ)
State Bank of Hyderabad (SBH)
State Bank of Indore (SBIr)
State Bank of Mysore (SBM)
State Bank of Patiala (SBP)
State Bank of Saurashtra (SBS)
State Bank of Travancore (SBT)
Branch Network
Interactive branch locator allows you to establish contact with any of the over 8900 SBI branches in India. All you have to do is key in the name of the location, specifying whether it is a branch or district. You can also select a state from the map of India, to view all SBI branches in that state.Click here for Branch Locator .
