SBI
State Bank of India (SBI) is India's largest bank by profits, assets, deposits, branches and employees - a position it is holding for two centuries now. The government of India controls the bank through the majority stake (nearly 60% as on March 31, 2007) held in it by Reserve Bank of India. The central bank is in the process of transferring this stake to the direct control of the government of India.
SBI has a hoary past, starting two centuries ago in Kolkata as Bank of Calcutta on June 2, 1806. Since then it has undergone various transformations. It was re-named Bank of Bengal in 1809. Bank of Bengal was merged with Bank of Bombay and Bank of Madras in 1921 to form Imperial Bank of India. This was converted into the present State Bank of India in 1955 through a special Act of the government of India in 1955. In 1959, SBI took over eight banks which were formerly associated with states of pre-independence India. These banks - State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Indore, State Bank of Mysore, State Bank of Patiala, State Bank of Saurashtra and State Bank of Travancore - later came to be known as Associate banks of SBI.
At the time of India's independence in 1947, SBI (then Imperial Bank) had a capital base of Rs. 11.85 crore, deposits and advances of Rs.275.14 crore and Rs.72.94 crore respectively and a network of 172 branches.
The Bank is changing outdated front and back end processes to modern customer friendly processes to help improve the total customer experience. With about 8500 of its own 10000 branches and another 5100 branches of its Associate Banks already networked, today it offers the largest banking network to the Indian customer. The Bank is also in the process of providing complete payment solution to its clientele with its over 21000 ATMs, and other electronic channels such as Internet banking, debit cards, mobile banking, etc.
It presently has 82 foreign offices in 32 countries across the globe. It has also 7 Subsidiaries in India SBI Capital Markets, SBICAP Securities, SBI DFHI, SBI Factors, SBI Life and SBI Cards - forming a formidable group in the Indian Banking scenario. It is in the process of raising capital for its growth and also consolidating its various holdings.
Retail Loans
SBI is active in all segments of retails loans (home loan, personal loan, car loan, education loan, etc.) and its exposure to retail loans has been growing faster since 2000.
List of products offered by SBI
that meet your specific need