State Bank of India (SBI)is a Public Sector Banking Organization, in which the Government of India is the biggest shareholder. It is the largest bank in India.
The origin of State Bank of India dates to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other presidency banks, Bank of Madras and Bank of Bombay were amalgamated to form the Imperial Bank of India. In 1955, the controlling interest of the Imperial Bank of India was acquired by the Reserve Bank of India and the State Bank of India was created by an Act of the Indian Parliament.
The Bank has six Associate Banks and one fully owned banking and six non-banking domestic subsidiaries. The Bank's non-banking subsidiaries are market leaders in their respective areas and provide wide-ranging services including investment banking, funds management, gilt securities, factoring, boring and credit cards making the SBI Group a truly large financial supermarket.
SBI is India's largest bank with a 200 year-old history.
India's largest bank, SBI is an unrivalled industry leader. Over 200 years of profitable banking. Most trusted Bank. Biggest Financial Group.
A Fortune 500 company (ranked no. 126), ranked 52nd by “The Banker”; No.8 in Top 10 Banks of Asia
Largest customer base (148 million customers). Unparalleled distribution net-work in India & largest overseas network. 35% share of India’s international trade
With 18 domestic subsidiaries and 8 foreign subsidiaries, the State Bank Group is India's financial icon commanding nearly 25% of the domestic market.
It has a widespread network of branches, with 14337 branches in India and 92 offices in 32 other countries across the world.
The Bank has relationships with 720 correspondent banks world-wide
Presence in every area of financial sector (mutual fund, insurance, factoring, capital markets, credit cards, debit cards, securities, primary dealer, banking technology etc).
Strong relationship with over 80% of large corporates & 50% of mid- corporate in India.
India's largest ATM network with 11,300 ATMS and largest debit card base (28.36 million cards) ; 2nd largest credit card base.
SBI is the second largest bank in the world. With 10,000 branches and a further 4000+ associate bank branches, the SBI has extensive coverage. State Bank of India has electronically networked all of its metropolitan, urban and semi-urban branches under its Core Banking System (CBS), with over 10800+ branches being incorporated. With this, 'SBI has become the largest bank in the world, covering 10800+ offices on a single core banking platform. The bank has the largest ATM network in the country having more than 8000+ ATMs.
The Bank is also the Government's preferred bank and is regarded as the flagship of Indian banking. The Bank has pioneered innovative measures and contributed significantly to the growth of the Indian economy. It has been taking new initiatives with the changing economic environment and is poised to establish itself in the new millennium as a premier Indian financial services group with a global perspective and world-class standards of efficiency.
Highlights As on 31st March 2009 (Audited)
1 USD : IDR 10,000, INR 49.50
BUSINESS LEVELS
STATE BANK of INDIA
STATE BANK GROUP
USD billion
IDR trillion
USD billion
IDR trillion
Total Assets
190.16
1901.60
257.26
2572.60
Total Income
15.08
150.80
22.30
223.00
Net Profit
1.80
18.00
2.20
22.00
Total Equity
11.43
114.30
14.27
142.70
Deposits
146.31
1463.10
199.52
1995.20
Advances
106.96
1069.60
147.94
1479.40
DOMESTIC BRANCHES
11,448
14,337
KEY RATIOS
STATE BANK of INDIA
- Earnings per Share (%)
1437.70%
- Return On Equity (%)
15.73
- Net NPA (%)
1.76
- Capital Adequacy Ratio %)
12.97
No. of Foreign Offices
92 offices in 32 countries
AWARD AND REWARDS
Only Indian bank to find a place in the Fortune Global 500 list –Up from 495 last year to 380 this year (+115) seventh highest gainer.
Moved up in rankings from 219th spot last year to 150th spot this year in the Forbes 2000 list of largest companies in the world.
Best Executive award to the Chairman by Asia Money?Voted as “The Best Domestic Provider of FX Services”(2nd year in a row) & “The Best Domestic Provider of Single Bank Electronic Trading Platform”By Asia Money.
Only Indian bank among the top 100 banks in the world. Ranked 8th in top 25 banks in Asia.
Ranking in the banker top 1000 world banks improved to 57 from 70 as compared to the ranking of 2007.
Awards by “The Banker Magazine”for “Retail Core Banking”and “Overall Retail Technology Product”. Penghargaan oleh "The Banker Magazine" untuk "Core Retail Banking" dan "Overall Retail Technology Product".
SBI is the only Indian bank to receive these awards?Awarded the “Bank of the Year 2008 –India”by The Banker Magazine, London.
Won “Most Preferred Bank”and “Most Preferred Brand for Home Loan”CNBC Consumer Awards, Sept ’08 (third year in a row).
Bagged two prestigious awards from Indian Banks Association and TFCI for –Best IT architecture–Rural banking initiative.
