• History Of Sbi Bank In Hindi

Number of employees 209,567 (2017) 13.12% (2016) Website Footnotes / references State Bank of India ( SBI) is an Indian multinational, banking and company. It is a with its headquarters in. On 1st April, 2017, the State Bank of India, which was India's largest bank, merged with five of its associate banks (State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore), and with the Bharatiya Mahila Bank. This was the first ever large scale consolidation in the Indian banking industry. With the merger, SBI became one of the 50 largest banks in the world (balance sheet size of ₹33 trillion, 278,000 employees, 420 million customers, and more than 24,000 branches and 59,000 ATMs).

SBI's market share was projected to increase to 22 percent from 17 per cent. It has 198 offices in 37 countries; 301 correspondents in 72 countries.

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. Share of the Bank of Bengal.

The company is ranked 232nd on the list of the world's biggest corporations as of 2016. The bank descends from the, founded in 1806, via the, making it the oldest commercial bank in the. The merged into the other two 'presidency banks' in British India, the and the, to form the, which in turn became the State Bank of India in 1955.

Owned the Imperial Bank of India in 1955, with (India's Central Bank) taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India. State Bank of India has 20% market share in deposits and loans among Indian commercial banks. Seal of Imperial Bank of India The roots of the State Bank of India lie in the first decade of the 19th century, when the later renamed the, was established on 2 June 1806. The Bank of Bengal was one of three Presidency banks, the other two being the (incorporated on 15 April 1840) and the (incorporated on 1 July 1843). All three Presidency banks were incorporated as and were the result of.

These three banks received the exclusive right to issue paper currency till 1861 when, with the Paper Currency Act, the right was taken over by the Government of India. The Presidency banks amalgamated on 27 January 1921, and the re-organised banking entity took as its name. The Imperial Bank of India remained a joint stock company but without Government participation. Pursuant to the provisions of the State Bank of India Act of 1955, the, which is, acquired a controlling interest in the Imperial Bank of India. On 1 July 1955, the imperial Bank of India became the State Bank of India. In 2008, the acquired the Reserve Bank of India's stake in SBI so as to remove any conflict of interest because the RBI is the country's banking regulatory authority.

In 1959, the government passed the State Bank of India (Subsidiary Banks) Act. This made SBI subsidiaries of eight that had belonged to prior to their nationalization and operational takeover between September 1959 and October 1960, which made eight state banks associates of SBI.

This une with the first Five Year Plan, which prioritised the development of rural India. The government integrated these banks into the State Bank of India system to expand its rural outreach. In 1963 SBI merged State Bank of Jaipur (est. 1943) and State Bank of Bikaner (est.1944). SBI has acquired local banks in rescues. The first was the Bank of Bihar (est.

1911), which SBI acquired in 1969, together with its 28 branches. The next year SBI acquired National Bank of Lahore (est. 1942), which had 24 branches. Five years later, in 1975, SBI acquired Krishnaram Baldeo Bank, which had been established in 1916 in, under the patronage of Maharaja.

The bank had been the Dukan Pichadi, a small moneylender, owned by the Maharaja. The new bank's first manager was Jall N. Broacha, a Parsi. In 1985, SBI acquired the Bank of Cochin in, which had 120 branches. SBI was the acquirer as its affiliate, the, already had an extensive network in Kerala.

There has been a proposal to merge all the associate banks into SBI to create a 'mega bank' and streamline the group's operations. The first step towards unification occurred on 13 August 2008 when merged with SBI, reducing the number of associate state banks from seven to six. On 19 June 2009, the SBI board approved the absorption of. SBI holds 98.3% in.

(Individuals who held the shares prior to its takeover by the government hold the balance of 1.7%.) The acquisition of State Bank of Indore added 470 branches to SBI's existing network of branches. Also, following the acquisition, SBI's total assets will approach ₹10 trillion.

The total assets of SBI and the were ₹9,981,190 million as of March 2009. The process of merging of State Bank of Indore was completed by April 2010, and the SBI Indore branches started functioning as SBI branches on 26 August 2010. On 7 October 2013, became the first woman to be appointed Chairperson of the bank. Bhattacharya received an extension of two years of service to merge into SBI the five remaining associated banks. Operations SBI provides a range of banking products through its network of branches in India and overseas, including products aimed at (NRIs). SBI has 14 regional hubs and 57 Zonal Offices that are located at important cities throughout India.

Domestic presence SBI has 18,354 branches in India. In the financial year 2012–13, its revenue was ₹2.005 trillion (US$31 billion), out of which domestic operations contributed to 95.35% of revenue. Similarly, domestic operations contributed to 88.37% of total profits for the same financial year.

History Of Sbi Bank In Hindi

Under the of financial inclusion launched by Government in August 2014, SBI held 11,300 camps and opened over 3 million accounts by September, which included 2.1 million accounts in rural areas and 1.57 million accounts in urban areas. International presence.

The Israeli branch of the State Bank of India located in As of 2014–15, the bank had 191 overseas offices spread over 36 countries having the largest presence in foreign markets among Indian banks. SBI operates several foreign subsidiaries or affiliates. In 1989, SBI established an offshore bank: State Bank of India International (Mauritius) Ltd in Mauritius. SBI International (Mauritius) Ltd amalgamated with The Indian Ocean International Bank, which has been doing retail banking business in Mauritius since 1979 with the new name, SBI (Mauritius) Ltd. Today, SBI (Mauritius) Ltd is having fully integrated 14 branches- 13 Retail Branches covering major cities and town of Mauritius, including Rodrigues, and 1 Global Business Branch at Ebene in Mauritius. Apart from Branch Banking, customers also have the convenience of 24x7 ATM Banking at 18 ATMs across the country. Bank also has a 24x7 robust Internet Banking Channel enabling customers to work from their homes and offices.

State Bank of India (S.B.I.) Branch at Tsim Sha Tsui, Hong Kong In 1982, the bank established a subsidiary, which now has ten branches—nine branches in the state of California and one in Washington, D.C. The 10th branch was opened in Fremont, California on 28 March 2011. The other eight branches in California are located in Los Angeles, Artesia, San Jose, Canoga Park, Fresno, San Diego, Tustin and Bakersfield. In Nigeria, SBI operates as INMB Bank.

This bank began in 1981 as the Indo–Nigerian Merchant Bank and received permission in 2002 to commence retail banking. It now has five branches in Nigeria. In Nepal, SBI owns 49% of SBI Nepal (State Bank in Nepal) share with Nepal Government owing the rest and SBI NEPAL has branches throughout the country in each and every city as banking has become the major part of daily life for people. In Moscow, SBI owns 60% of, with owning the rest. In Indonesia, it owns 76% of PT Bank Indo Monex.

The State Bank of India already has a branch in Shanghai and plans to open one in. In Kenya, State Bank of India owns 76% of, which it acquired for US$8 million in October 2005. In January 2016, SBI opened its first branch in, South Korea following the continuous and significant increase in trade due to the signed between New Delhi and Seoul in 2009. Former Associate Banks.

Main Branch of SBI in Mumbai SBI acquired the control of seven banks in 1960. They were the seven regional banks of former Indian princely states. They were renamed, prefixing them with 'State Bank of'. These seven banks were (SBBJ), (SBH), (SBN), (SBM), (SBP), (SBS) and (SBT). All these banks were given the same logo as the parent bank, SBI. The plans for making SBI a mega bank with trillion dollar business by merging the associate banks started in 2008, and in September the same year, SBS merged with SBI.

The very next year, State Bank of Indore (SBN) also merged. In the same year, a subsidiary named was formed.

The negotiations for merging of the 6 associate banks (, and ) by acquiring their businesses including assets and liabilities with SBI started in 2016. The merger was approved by the Union Cabinet on 15 June 2016. The State Bank of India and all its associate banks used the same blue Keyhole logo. The State Bank of India usually had one standard typeface, but also utilized other typefaces. On 15 February 2017, the Union Cabinet approved the merger of five associate banks with SBI.

What was overlooked, however, were different pension liability provisions and accounting policies for bad loans, based on regional risks. State Bank of India LHO The, and, and were merged with State Bank of India with effect from 1 April 2017. Non-banking subsidiaries Apart from its five associate banks (merged with SBI since April 1, 2017), SBI also has the following non-banking subsidiaries:.

Ltd. SBI Funds Management Pvt Ltd. SBI Factors & Commercial Services Pvt Ltd. & Payments Services Pvt. (SBICPSL).

SBI DFHI Ltd. SBI General Insurance In March 2001, SBI (with 74% of the total capital), joined with (with 26% of the remaining capital), to form a joint venture life insurance company named SBI Life Insurance company Ltd. In 2004, SBI DFHI (Discount and Finance House of India) was founded with its headquarters in Mumbai.

Other SBI service points As of 31 March 2017, SBI group (including associate banks) has 59,291 ATMs. Since November 2017, SBI also offers an integrated digital banking platform named. Listings and shareholding As on 31 March 2017, Government of India held around 61.23% equity shares in SBI.

The, itself state-owned, is the largest non-promoter shareholder in the company with 8.82% shareholding. Shareholders Shareholding Promoters: Government of India 61.23% FIIs/GDRs/OCBs/NRIs 11.17% Banks & Insurance Companies 10.00% Mutual Funds & UTI 8.29% Others 9.31% Total 100.0% The equity shares of SBI are listed on the, where it is a constituent of the index, and the, where it is a constituent of the. Its (GDRs) are listed on the. Employees. State Bank Learning Centre in Machilipatnam SBI is one of the largest employers in the country with 209,567 employees as on 31 March 2017, out of which there were 23% female employees and 3,179 (1.5%) employees with disabilities. On the same date, SBI had 37,875 Scheduled Castes (18%), 17,069 Scheduled Tribes (8.1%) and 39,709 Other Backward Classes (18.9%) employees.

The percentage of Officers, Associates and Sub-staff was 38.6%, 44.3% and 16.9% respectively on the same date. Around 13,000 employees have joined the Bank in FY 2016-17. Each employee contributed a net profit of ₹511,000 (US$8,000) during FY 2016-17. Recent awards and recognition. SBI was ranked as the top bank in India based on by magazine in a 2014 ranking. SBI was ranked 232nd in the rankings of the world's biggest corporations for the year 2016.

SBI was named the 29th most reputed company in the world according to 2009 rankings. SBI was 50th Most Trusted brand in India as per the 2013, an annual study conducted by Trust Research Advisory, a brand analytics company and subsequently, in the, SBI finished as India's 19th Most Trusted Brand in India. See also., an online banking platform run by SBI References. Retrieved 2017-06-26. Retrieved 2017-06-26. Retrieved 28 June 2017.

SBI website:. Retrieved 22 July 2016. Tata McGraw-Hill Education. Retrieved 4 November 2014.

25 January 2009. Retrieved 20 August 2010. 23 April 2005. Retrieved 21 December 2010. Business Standard (21 June 2010). Economic Times (26 August 2010).

The Times of India. Retrieved 10 October 2016. The Economic Times. 11 September 2014.

Retrieved 30 September 2014. State Bank of India.

Retrieved 14 January 2016. Retrieved 1 June 2017. 8 October 2005.

Retrieved 21 December 2010. Retrieved 1 July 2016 – via The Hindu.

Iyer, Aparna (17 May 2016). Retrieved 1 July 2016. 16 June 2016.

Retrieved 16 June 2016. The Economic Times. Retrieved 18 February 2017. Pension liability provisions and accounting policies for bad loans. The Indian Express.

Retrieved 2017-03-28. Retrieved 11 October 2013. Retrieved 11 October 2013. Retrieved 11 October 2013. Retrieved 11 October 2013.

London Stock Exchange. 11 October 1996. Retrieved 11 October 2013. 10 April 2014.

Retrieved 11 April 2014. Kneale, Klaus (6 May 2009). Retrieved 20 August 2010.

28 January 2011. Retrieved 10 October 2013. Archived from on 24 October 2014. External links Wikimedia Commons has media related to.

The evolution of State Bank of India can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was redesigned as the Bank of Bengal, three years later, on 2 January 1809. It was the first ever joint-stock bank of the British India, established under the sponsorship of the Government of Bengal.

Subsequently, the Bank of Bombay (established on 15 April 1840) and the Bank of Madras (established on 1 July 1843) followed the Bank of Bengal. These three banks dominated the modern banking scenario in India, until when they were amalgamated to form the Imperial Bank of India, on 27 January 1921. An important turning point in the history of State Bank of India is the launch of the first Five Year Plan of independent India, in 1951.

The Plan aimed at serving the Indian economy in general and the rural sector of the country, in particular. Until the Plan, the commercial banks of the country, including the Imperial Bank of India, confined their services to the urban sector. Moreover, they were not equipped to respond to the growing needs of the economic revival taking shape in the rural areas of the country. Therefore, in order to serve the economy as a whole and rural sector in particular, the All India Rural Credit Survey Committee recommended the formation of a state-partnered and state-sponsored bank. The All India Rural Credit Survey Committee proposed the take over of the Imperial Bank of India, and integrating with it, the former state-owned or state-associate banks. Subsequently, an Act was passed in the Parliament of India in May 1955.

As a result, the State Bank of India (SBI) was established on 1 July 1955. This resulted in making the State Bank of India more powerful, because as much as a quarter of the resources of the Indian banking system were controlled directly by the State. Later on, the State Bank of India (Subsidiary Banks) Act was passed in 1959.

The Act enabled the State Bank of India to make the eight former State-associated banks as its subsidiaries. The State Bank of India emerged as a pacesetter, with its operations carried out by the 480 offices comprising branches, sub offices and three Local Head Offices, inherited from the Imperial Bank. Instead of serving as mere repositories of the community's savings and lending to creditworthy parties, the State Bank of India catered to the needs of the customers, by banking purposefully.

The bank served the heterogeneous financial needs of the planned economic development. Branches The corporate center of SBI is located in Mumbai. In order to cater to different functions, there are several other establishments in and outside Mumbai, apart from the corporate center. The bank boasts of having as many as 14 local head offices and 57 Zonal Offices, located at major cities throughout India.

It is recorded that SBI has about 10000 branches, well networked to cater to its customers throughout India. ATM Services SBI provides easy access to money to its customers through more than 8500 ATMs in India. The Bank also facilitates the free transaction of money at the ATMs of State Bank Group, which includes the ATMs of State Bank of India as well as the Associate Banks – State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Indore, etc.

You may also transact money through SBI Commercial and International Bank Ltd by using the State Bank ATM-cum-Debit (Cash Plus) card. Subsidiaries The State Bank Group includes a network of eight banking subsidiaries and several non-banking subsidiaries. Through the establishments, it offers various services including merchant banking services, fund management, factoring services, primary dealership in government securities, credit cards and insurance.

The eight banking subsidiaries are:. State Bank of Bikaner and Jaipur (SBBJ).

State Bank of Hyderabad (SBH). State Bank of India (SBI). 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).