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BANKING SECTOR


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STATE BANK OF INDIA


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Introduction

The roots of the State Bank of India rest in the first decade of 19th century, whenthe Bank of Calcutta, later renamed the Bank of Bengal, was established on 2 June1806. The Bank of Bengal was one of three Presidency banks, the other two beingthe Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras(incorporated on 1 July 1843).

The Presidency banks amalgamated on 27 January 1921, and the reorganizedbanking entity took as its name: Imperial Bank of India The government of Indiarecently acquired the Reserve Bank of India's stake in SBI so as to remove anyconflict of interest because the RBI is the country's banking regulatory authority.


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In 1959, the government passed the State Bank of India (Subsidiary Banks)Act, enabling the State Bank of India to take over eight former state-

associated banks as its subsidiaries. On 13 September 2008, the State Bankof Saurashtra, one of its associate banks, merged with the State Bank ofIndia.SBI has acquired local banks in rescues. For instance, in 1985, it acquired

the Bank of Cochin in Kerala, which had 120 branches. SBI was the acquireras its affiliate, the State Bank of Travancore, already had an extensivenetwork in Kerala.


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Company Profile


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Symbol And Slogan

The symbol of the State

Bank of India is a circle and

not key hole and a small

man at the centre of the

circle. A circle depicts

perfection and the common

man being the centre of the

bank's business.

Slogans : "Pure bankingnothing else


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Associate Banks And Non-banking

Subsidiaries

SBI has five associate banks; alluse the same logo of a blue circleand all the associates use the"State Bank of" name, followed

by the regional headquarters'name;

State Bank of Bikaner & Jaipur

State Bank of Hyderabad

State Bank of Mysore

State Bank of Patiala State Bank of Travancore

Apart from its five associatebanks, SBI also has the followingnon-banking subsidiaries:

1) SBI Capital Markets Ltd

2) SBI Funds Management Pvt Ltd

3) SBI Factors & CommercialServices Pvt Ltd

4) SBI Cards & Payments ServicesPvt. Ltd. (SBICPSL)

5) SBI DFHI Ltd


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Branches Of SBI

State Bank of India has 137 foreignoffices in 32 countries across theglobe.

SBI has about 25,000 ATMs (25,000thATM was inaugurated by the thenChairman of State Bank Shri O.P.

Bhatt on 31 March 2011, the day ofhis retirement); and SBIgroup(including associate banks) hasabout 45,000 ATMs.

SBI has 21,500 branches, includingbranches that belong to its associatebanks.

SBI includes 99345 offices in India. India's number one ADB is in bellary

ie State bank of India bellary ADB


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Mission And Vision

A "corporate vision" concretelydescribes how a company seesitself in the future, and thereforemust be realistic and attainable. Inthe current age of rapid change, acorporate vision is of a moremedium-term nature.

To retain the banks position as thepremier Indian financial services. Italso aims to be a group with worldclass standards and significantglobal business commitments toexcellence in customer,shareholderand employee satisfaction so as to

play a leading role in expanding anddiversifying financial services whilecontinuing emphasis on itsdevelopment banking role.


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To be a premier Indian financial services group with global perspective, world classstandard of the efficiency and professionalism and also its core institutional values.

To retain its position in the country as a pioneer in developing countries.

It also aims to maximize its shareholders value through high sustained earnings pershare.

To become an institution with a culture of mutual care and commitment. It alsofocuses on a pleasant working environment to have continuous learningopportunities.

We will create products and services that help our customers achieve their goals.

We will offer excellence in services to those abroad as much as we do to those inIndia.

We will imbibe state of the art technology to drive excellence.

We will always be honest, transparent and ethical.

We will do everything we can to contribute to the community we work in.


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Directors And Chairman

After the end of O. P. Bhatt's reign as SBI Chairman on 31st March, 2011, the post wastaken over by Pratip Chaudhuri, who is the former Deputy Managing Director of theInternational Division of SBI. As on 4th August, 2011, there are twelve members in the SBIBoard of Directors, including Subir Gokarn, who is also one of the four Deputy Governors ofthe Reserve Bank of India. The complete list of the Board members are:

1) Pratip Chaudhuri (Chairman)

2) Hemant G. Contractor (Managing Director)

3) Diwakar Gupta (Managing Director)4) A Krishna Kumar (Managing Director)

5) Dileep C Choksi (Director)

6) S. Venkatachalam (Director)

7) D. Sundaram (Director)

8) Parthasarathy Iyengar (Director)

9) G. D. Nadaf (Officer Employee Director)

10) Rashpal Malhotra (Director)

11) D. K. Mittal (Director)

12) Subir V. Gokarn (Director)


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Trading In Stock Exchange


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Products And Services

SBI offers Corporate and Retail Internet Banking Products and Other Value AddedServices.They are:

1) E-Ticketing2) SBI E-Tax3) Bill Payment4) Eztrade@sbi

5) RTGS/NEFT6) E-Payment7) Fund Transfer8) Third Party Transfer9) Demand Draft10)Cheque Book Request11)Account Opening Request

12)Account Statement13)Transaction Enquiry14)Demat Account Statement15)Donation


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Recent Plans

SBI's Rs 30-40 bln recapitalization

plan needs Planning Commission

approval.

Govt to infuse up to Rs 60 bln into

State Bank of India via preferential

issue by Mar 2012. State Bank of India to open 100

branches abroad by 2014.

Govt to recapitalize State Bank of

India in fiscal 2011-12: banking secy

Mittal


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State Bank of India needs Rs 79 bln by Mar-end 2012 to maintain tier I capital of 8%.

Govt panel to take final decision on State Bank of India's recapitalization today

State Bank of India scales down rights issue size to Rs 50 bln.

Govt to infuse Rs 80 bln into State Bank of India; further funding post finalizing capitalization

plan.

Bring Real Change To The Real India


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Competitors

Punjab National bank - Punjab National Bank (PNB) is the second largestgovernment-owned commercial bank in India with about 4,500 branches across764 cities. This financial institution offers services in personal and corporatebanking, including industrial, agricultural, and export finance, as well asinternational banking. It competes with SBI mostly in retail lending and wholesalebusinesses.

ICICI Bank (formerly Industrial Credit and Investment Corporation of India) isIndia's largest private sector bank and second largest overall in terms ofassets.Together with its subsidiaries, ICICI Bank offers a complete spectrum of

financial services and products ranging from commercial banking to investmentbanking, mutual fund to insurance. It is also the largest issuer of credit cards inIndia.

HDFC - Housing Development Finance Corporation Limited Bank Limited or HDFCBank is the second largest private bank in India, catering to the whole universe of

financial services from commercial to investment banking, mutual fund toinsurance. On February 25, 2008 HDFC agreed to buy Centurion Bank of Punjab.The combined entity has the largest branch network among private banks in India,a strong deposit base of around Rs 1220 billion and net advances of around Rs 890billion.


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Bank of Baroda - Bank of Baroda is another private player. It has a richcountrywide network of over 2800 branches. It also has significant

international presence with a network of 74 offices in 25 countries.Axis Bank -Axis Bank is India's third-largest private-sector bank after thesignificantly larger ICICI Bank, and HDFC Bank.

Comparison Of Competitors

Total Deposits Total Advances Net profit Total Assets Branches

State Bank of India 4,355.21 3,373.36 45.41 5,665.65 10,186

ICICI Bank 2,305.10 1,958.66 31.10 3,453.12 1,400

Punjab National Bank 1, 398.60 1,990.48 20.48 1,990.48 4,500

HDFC Bank 1,007.69 634.27 15.90 1,332.51 1,412

Bank of Baroda 1,520.34 1,067.01 14.35 1,795.99 2,800


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Recent Awards And Recognitions

Best Online Banking Award, BestCustomer Initiative Award & Best RiskManagement Award (Runner Up) by IBABanking Technology Awards 2010

The Bank of the year 2009, India (wonthe second year in a row) by The BankerMagazine

Best Bank Large and Most SociallyResponsible Bank by the Business Bank

Awards 2009 Best Bank 2009 by Business India The Most Trusted Brand 2009 by The

Economic Times Most Preferred Bank & Most preferred

Home loan provider by CNBC Visionaries of Financial Inclusion By

FINO

Technology Bank of the Year by IBABanking Technology Awards SKOCH Award 2010 for Virtual

corporation Category for its e-paymentsolution

The Brand Trust Report: 11th mosttrusted brand in India


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Project DoneBy

N.Santhoshni

K.SuganyaM.ShofithaC.JenibaS.Princy

M.Stuti


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