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Company Snapshot: State Bank of India

  • Jun 8th, 2017
SBI

About: State Bank of India (SBI) is an Indian government owned multinational banking and financial services company with its headquarters in Mumbai, Maharashtra. The State Bank of India  is India’s largest commercial Bank in terms of Assets, Deposits, Branches, Number of Customers and Employees. The company was ranked 232nd on the Fortune Global 500 list of the world's biggest corporations as of 2016.  SBI become one of top 50 global banks  and ranked 45th with a balance sheet of Rs.41 trillion after the merger with its 5 Associates bank on 1st April 2017.

Operations:

  • Number of Domestic Branches - 24017
  • Number of Foreign Branches/ Office -195 Branches  
  • Correspondent Banks across 72 countries - 301   
  • ATMs  - 59263
  • POs Machines - 5.09 Lakhs +

Number of Employees:  209572 ( Mar’ 2017)

Number of Customers:  42.02 Cr

Leadership Team:

  • Chairman: Smt. Arundhati Bhattacharya
  • Managing Directors: B. Sriram, Rajnish Kumar, P. K. Gupta & Dinesh Kumar

Product & Services:

  • Consumer Banking
  • Corporate Banking
  • Finance and Insurance
  • Investment Banking
  • Mortgage Loans
  • Personal Banking
  • Private Banking
  • Savings
  • Securities
  • Asset Management
  • Wealth Management
  • Agriculture Banking
  • International Banking
  • Small and Medium Enterprises (SME) Banking
  • Group Companies
  • Government Business

Some other Services:

  • Domestic Treasury
  • Broking Services
  • ATM Services
  • Internet Banking
  • E-pay
  • E-rail
  • Safe Deposit Locker
  • MICR Codes
  • Foreign Inward Remittances
  • SBI No Queue App Faq

History:

  • 1806 - On 2nd June, 1806 Bank of Calcutta was established followed by Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843).These are the three Presidency banks which incorporated to form royal charters.
  • 1861 - Till 1861 these three banks received the exclusive right to issue paper currency but, with the Paper Currency Act, the right was taken over by the Government of India.
  • 1921- The Imperial Bank was formed as a joint-stock bank in January 1921 by amalgamating the Presidency Banks of Bombay, Calcutta, and Madras
  • 1955 - Under the provisions of the State Bank of India Act of 1955, the Reserve Bank of India, which is India’s Central Bank, acquired the controlling power  in the Imperial Bank of India and on 1st July 1955, the Imperial Bank of India became the State Bank of India
  • 1959 -  State Bank of India (Subsidiary Banks) Act passed, which made eight Princely states banks, associates of SBI prior to their nationalization between September 1959 and October 1960.
  • 1963 - SBI merged State Bank of Jaipur (est. 1943) and State Bank of Bikaner (est.1944)
  • 1969 - SBI acquired first bank, Bank of Bihar (est. 1911) with its 28 branches followed by  National Bank of Lahore (est. 1942), which had 24 branches in next year.
  • 1971 -  New logo of the SBI was introduced on 1 October 1971 and was designed by Shekhar Kamat at National Institute of Design.
  • 2008 - First merger to create a “Mega Bank” with State Bank of Saurashtra.
  • 2009 - On 19 June 2009, the SBI board approved the absorption of State Bank of Indore
  • 2017 - The five associate banks  along with Bharatiya Mahila Bank, merged with SBI on 31 March 2017.

Mergers:

Domestic Bank Subsidiaries which merged with SBI on 1st April, 2017

Ownership Figure in % as on 31st March, 2017

State Bank of Bikaner & Jaipur

75.07

State Bank of Travancore

100

State Bank of Patiala

90

State Bank of Mysore     

100

State Bank of Hyderabad

79.09

Bharatiya Mahila Bank

N/A

Foreign Bank Subsidiaries/Joint Venture:

Foreign Bank Subsidiaries/ Joint Venture.       

Ownership Figure in %

State Bank of India (California)

100

SBI Canada Bank

100

CIBL Moscow

60

SBI Mauritius

96.6

Bank SBI Indonesia

99

Nepal SBI Bank Limited

55

Bank SBI BOtswana Limited

100

Bank of Bhutan Limited

20

Some Non Banking Subsidiaries/ Joint Ventures:

Non Banking Subsidiaries/ Joint Ventures

Ownership Figure in %

SBI Capital Market Limited

100

SBI DFHI (Discount and Finance House of India).          

63.78

SBI Payment Services

100

SBI Mutual Funds Trustee company

100

SBI Global Factors

86.18

SBI Cards & Payment Services

60

SBI Life Insurance

70.10

SBI General Insurance Co. Ltd

74

SBI Foundation

100

Competitors:

  • Public Sector Bank
    • Punjab National Bank
    • Bank of Baroda
    • Canara Bank
    • Bank of India
  • Private Sector Bank
    • ICICI Bank
    • HDFC Bank
    • Axis Bank
    • IndusInd Bank

Revenue & Profit and loss (Standalone):

Particular( Standalone)

Mar’2013

Mar’2014

Mar’2015

Mar’2016

Mar’2017

Revenue (Cr.)

135691.94

154903.72

174972.96

191843.67

210979.17

Profit & Loss( in Cr.) 14105.32 10891.17 13101.57 9950.65 10484.10

Revenue & Profit and loss (Consolidate):

Particular( Standalone)

Mar’2013

Mar’2014

Mar’2015

Mar’2016

Mar’2017

Revenue (Cr.)

200559.84

226944.56

257289.51

272871.02

298640.45

Profit & Loss( in Cr.)

18322.99

14489.47

17517.37

12743.29

-390.67

Market Share:

  • Market Share of SBI in Deposits- 23.07%
  • Market Share of SBI in Advances- 21.16%
  • Home Loans- 25.88%
  • Auto Loans - 27.16%
  • Number of Group ATMs- 28.44%
  • Group ATMs: Amt of Txns - 38.84%
  • Number of Group Debit Cards - 40.35%
  • Mobile Banking: Number of Txns - 24.67%
  • Mobile Banking: Value of Txns - 44.37 %
  • Number of PoS Terminals - 20.16%

Awards:

  • SBI was ranked 232nd in the Fortune Global 500 rankings of the world's biggest corporations for the year 2016.
  • In the 10th edition of Dun & Bradstreet’s India’s Top Banks & Banking Awards 2016, SBI bagged five awards in public sector category named as  Retail Banking, Rural Reach, Global Business Development, Technology Adoption and Overall Best Bank.
  • State Bank of India won Award for Digital Banking and Innovative Use of Technology among Large Banks in 12th IDRBT Banking Technology Excellence Awards 2015-16

News:


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