State Bank Of India Case Study

1026 Words5 Pages
I. Profile of the company
• It was established in 1806 at Calcutta as bank of Calcutta.
• It is the oldest bank of Indian sub-continent
• State bank of India (SBI), with a 200 year history is the largest commercial bank in India.
• In terms of assets, deposits, profits, branches, customers and employees SBI is largest bank.
• The government of India is the single largest shareholder of this fortune 500 entity with 61.58% ownership
• SBI is ranked 60th in the list of top 1000 banks in the world by “The Banker” in July 2012.

State Bank of India acts as an agent of reserve bank of India acts as an agent of Reserve Bank of India. And also performs the Following functions:
• Bank borrow the money from public by accepting deposits
…show more content…
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 1806 in Calcutta. 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
…show more content…
Pension Funds, General Insurance, Custodial Services, Private Equity, Mobile Banking, Point of Sale Merchant Acquisition, Advisory Services, structured products etc. Each one of these initiatives having a huge potential for growth.
The bank is forging ahead with cutting edge technology and innovative new banking models, to expand its rural banking base, looking at the vast untapped potential in the hinterland and proposes to cover 100,000 villages in the next two years. At the end March, 2011, the total number of branches was 13,542 while the number of ATMs stood at 20,084 across the country.
It is also focusing at the top end of the market, on whole sale banking capabilities to provide India’s growing mid / large corporate with a complete array of products and services. It is consolidating its global treasury operations and entering into structured products and derivative instruments. Today, the bank is the largest provider of infrastructure debt and the largest arranger of external commercial borrowings in the country. It is the only Indian bank to feature in the Fortune 500

More about State Bank Of India Case Study

Open Document