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Bank SBI Indonesia Profile : (SBII)

State Bank of India acquired 76 % shares of PT Bank Indomonex on December 14th, 2006, took over the management control in June 2007 and operates in Indonesia as a foreign subsidiary of State Bank of India. In June 2009 the bank attained the status of “Bank DEVISA” which entitled the bank to conduct business in Foreign exchange transactions. Subsequently in 2009 the name of the bank was changed to Bank SBI Indonesia to reflect the new ownership of SBI. SBI has acquired another 23 % stake and increased its stake to 99 %.
The Bank was initially established as a Pasar Bank in 1970 and was known as Bank Pasar Gunung Tampomas Jaya. In 1986, Bank Pasar Gunung Tampomas Jaya was taken over by M/s. Ravindo Jaya Group and Mr. Ishwar T Daryanani. The Pasar Bank was converted into Commercial Bank in 1990 and the name was changed to PT Bank IndoMonex.
At present the Bank SBI Indonesia has 6 branches and 8 sub-branches spread over four major cities of Indonesia i.e, Jakarta, Bandung, Surabaya and Medan. Furthermore, there are two cash points, one at Embassy of India in Jakarta and another at Jalan A. Yani in Medan. The Kantor Pusat Non-Operational (Head office) was shifted to be centrally located in Graha Mandiri Building along with the Kantor Pusat Operational (Main branch) in January 2009. The other branches in Jakarta are located at Pasar Baru and Mangga Dua meanwhile the sub-branches are at Sunter, Fatmawati, Kebon Jeruk, Jatinegara and Tanah Abang. The main branch in Surabaya is at Rajawali and two sub-branches are at Nginden and Jl. HR. Mohamed. In Bandung, the branch is at Jl.Abdul Revai and the sub-branch is at Jl.Buah Batu.

State Bank of India: (SBI)

State Bank of India (SBI), with a 200 year history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Government of India is the single largest shareholder of this Fortune 500 entity with 61.58% ownership. SBI is ranked 60th in the list of Top 1000 Banks in the world by “The Banker” in July 2012.

The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called Bank of Bengal) was established. In 1921, the Bank of Bengal and two other Banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the Imperial Bank of India.

The SBI group consists of SBI and five associate Banks. The group has an extensive network, with over 20000 plus branches in India and another 186 offices in 34 countries across the world. As of 31st March 2013, the group had assets worth USD 392 billion, deposits of USD 299 billion and capital & reserves in excess of USD 23.03 billion. The group commands over 23% share of the domestic Indian banking market.

SBI's non-banking subsidiaries/joint ventures are market leaders in their respective areas and provide wide ranging services, which include life insurance, merchant banking, mutual funds, credit cards, factoring services, security trading and primary dealership, making the SBI Group a truly large financial supermarket and India’s financial icon. SBI has arrangements with over 1500 various international / local Banks to exchange financial messages through SWIFT in all business centres of the world to facilitate trade related banking business, reinforced by dedicated and highly skilled teams of professionals.