SBI  Company Profile

  • Posted by  FreshersWorld 
    7 Jan, 2012

    SBI Company Profile

    Corporative View:

    State Bank of India (Hindi: ?????? ????? ????) (SBI) is the largest state-owned banking and financial services company in India, by almost every parameter - revenues, profits, assets, market capitalization, etc. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banks, Bank of Calcutta and Bank of Bombay to form Imperial Bank of India , which in turn became State Bank of India . The Government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India 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 .

    SBI provides a range of banking products through its vast network of branches in India and overseas, including products aimed at NRIs. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India . With an asset base of $352 billion and $285 billion in deposits, it is a regional banking behemoth. It has a market share among Indian commercial banks of about 20% in deposits and advances, and SBI accounts for almost one-fifth of the nation's loans.

    SBI has tried to reduce over-staffing by computerizing operations and "golden handshake" schemes that led to a flight of its best and brightest managers. These managers took the retirement allowances and then went on to become senior managers in new private sector banks.

    The State bank of India is the 29th most reputed company in the world according to Forbes. Also SBI is the only bank to get featured in coveted 'top 10 brands of India ' list in an annual survey conducted by Brand Finance and The Economic Times in 2010. 

    State Bank of India is the largest of the Big Four Banks of India, along with Bank, Punjab  and Canara Bank, its main competitors.

    Founded:         1 July 1955


    Headquarters:   Mumbai, Maharashtra , India


    Key people:      O. P. Bhatt



    State Bank of India ,

    Customer Service Department,

    State Bank Bhavan, 4th Floor,

    Nariman Point,

    Mumbai - 400 021

    Tel: (022) 22029456,

    (022) 22742430

    Fax: (022) 22742431



    Entry level Recruitment:


    Conducts recruitment of officers & clerical cadre in State Bank of India & its associate banks & in-house promotion exercise.


    Contact Details:

    Telefax : 022 ? 2282 0427

    Fax: 022 ? 2282 0411



    How to apply:


    You can apply for SBI job.



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