editing of sbi

8/7/2019 editing of sbi

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State Bank of India (SBI)

The evolution of State Bank ofIndia can be traced back to the first decade of the 19th century. It began with theestablishment 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 thefirst ever joint-stock bank of the British India, established under the sponsorship ofthe Government of Bengal. Subsequently, the Bank of Bombay (established on 15April 1840) and the Bank of Madras (established on 1 July 1843) followed theBank of Bengal. These three banks dominated the modern banking scenario inIndia, until when they were amalgamated to form the Imperial Bank of India, on 27January 1921.

An important turning point in the history of State Bank of India is the launch of thefirst 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. Untilthe Plan, the commercial banks of the country, including the Imperial Bank ofIndia, confined their services to the urban sector. Moreover, they were notequipped to respond to the growing needs of the economic revival taking shape inthe rural areas of the country. Therefore, in order to serve the economy as a wholeand rural sector in particular, the All India Rural Credit Survey Committeerecommended the formation of a state-partnered and state-sponsored bank.

The All India Rural Credit Survey Committee proposed the take over of theImperial 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 inMay 1955. As a result, the State Bank of India (SBI) was established on 1 July1955. This resulted in making the State Bank of India more powerful, because asmuch as a quarter of the resources of the Indian banking system were controlleddirectly 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 formerState-associated banks as its subsidiaries.


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The State Bank of India emerged as a pacesetter, with its operations carried out bythe 480 offices comprising branches, sub offices and three Local Head Offices,inherited from the Imperial Bank. Instead of serving as mere repositories of thecommunity's savings and lending to creditworthy parties, the State Bank of Indiacatered to the needs of the customers, by banking purposefully. The bank servedthe heterogeneous financial needs of the planned economic development.

BranchesThe corporate center of SBI is located in Mumbai. In order to cater to differentfunctions, there are several other establishments in and outside Mumbai, apart fromthe corporate center. The bank boasts of having as many as 14 local head officesand 57 Zonal Offices, located at major cities throughout India. It is recorded thatSBI has about 10000 branches, well networked to cater to its customers throughoutIndia.

ATM ServicesSBI provides easy access to money to its customers through more than 8500 ATMsin India. The Bank also facilitates the free transaction of money at the ATMs ofState Bank Group, which includes the ATMs of State Bank of India as well as theAssociate Banks State Bank of Bikaner & Jaipur, State Bank of Hyderabad, StateBank of Indore, etc. You may also transact money through SBI Commercial andInternational Bank Ltd by using the State Bank ATM-cum-Debit (Cash Plus) card.

SubsidiariesThe State Bank Group includes a network of eight banking subsidiaries and severalnon-banking subsidiaries. Through the establishments, it offers various servicesincluding 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)


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Products And Services

Personal Banking

SBI Term Deposits SBI Loan For Pensioners

SBI Recurring Deposits Loan Against Mortgage Of Property SBI Housing Loan Loan Against Shares & Debentures

SBI Car Loan Rent Plus Scheme

SBI Educational Loan Medi-Plus Scheme

Other Services

Agriculture/Rural Banking NRI Services

ATM Services

Demat Services

Corporate Banking

Internet Banking

Mobile Banking

International Banking

Safe Deposit Locker

RBIEFT

E-Pay

E-Rail

SBI Vishwa Yatra Foreign Travel Card

Broking Services

Gift Cheques


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HISTORY OF STATE BANK OF INDIA

The roots of the State Bank of India rest in the first decade of 19th century, whenthe Bank of Calcutta, later renamed the Bank of Bengal, was established on 2 June

1806. The Bank of Bengal and two other Presidency banks, namely, the Bank ofBombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on1 July 1843). All three Presidency banks were incorporated as joint stockcompanies, and were the result of the royal charters. These three banks receivedthe exclusive right to issue paper currency in 1861 with the Paper Currency Act, aright they retained until the formation of the Reserve Bank of India. ThePresidency banks amalgamated (combined)on 27 January 1921, and thereorganized banking entity took as its name Imperial Bank of India. The ImperialBank of India continued to remain a joint stock company.

Pursuant to the provisions of the State Bank of India Act (1955), the Reserve Bankof India, which is India's central bank, acquired a controlling interest in theImperial Bank of India. On 30 April 1955 the Imperial Bank of India became theState Bank of India. The Govt. of India recently acquired the Reserve Bank ofIndia's stake in SBI so as to remove any conflict of interest because the RBI is thecountry's banking regulatory authority.

Offices of the Bank of Bengal

In 1959 the Government passed the State Bank of India (Subsidiary Banks) Act,enabling the State Bank of India to take over eight former State-associated banksas its subsidiaries. On Sept 13, 2008, State Bank of Saurashtra, one of its AssociateBanks, merged with State Bank of India.
http://en.wikipedia.org/wiki/Bank_of_Calcuttahttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Joint_stock_companyhttp://en.wikipedia.org/wiki/Joint_stock_companyhttp://en.wikipedia.org/wiki/Royal_charterhttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Imperial_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Central_Bankhttp://en.wikipedia.org/wiki/Govt._of_Indiahttp://en.wikipedia.org/wiki/Sept_13http://en.wikipedia.org/wiki/State_Bank_of_Saurashtrahttp://en.wikipedia.org/wiki/File:Bank_of_Bengal.jpghttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Joint_stock_companyhttp://en.wikipedia.org/wiki/Joint_stock_companyhttp://en.wikipedia.org/wiki/Royal_charterhttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Imperial_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Central_Bankhttp://en.wikipedia.org/wiki/Govt._of_Indiahttp://en.wikipedia.org/wiki/Sept_13http://en.wikipedia.org/wiki/State_Bank_of_Saurashtrahttp://en.wikipedia.org/wiki/Bank_of_Calcutta


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What is the meaning of sbi symbol?

State Bank of India logo is in the shape of a key hole. This symbolizes the bankssecurity. Further the round shape of the logo symbolizes that the bank is the largest

bank of India with its branches spread all over the country.

THE MEANING OF LOGO OF STATE BANK OF INDIA IS THAT IN SUCH ABIG EARTH (WORLD), WE SERVE EVEN A SMALL MAN ALSO (denoted bya narrow line).

The State Bank of India acts as an agent of the ReserveBank of India andperforms the following functions:

State Bank of India (SBI) is the largest public sector bank in India . SBI hasbranches and ATMs all over India , details of which are available at their website.State Bank of Hyderabad, State Bank of Patiala, State Bank of Saurashtra, State

Bank of Bikaner and Jaipur ,State Bank of Indore, State Bank of Mysore andState Bank of Travancore are the seven subsidary banks of SBI. As of March2006, SBI holding in these banks varies from 74% to 100% , but is likely todecrease in future. SBI has one of the largest network of ATMs in the Asia Pacificregion. Many branches of State Bank of India are computerized. In places wherethe Reserve Bank of India, (RBI) the central bank of India does have an office, SBIcarries out many of its functions.

(1)Borrows money:- The Bank borrows money from the public by acceptingdeposits such as current account deposits, fixed deposits and savingsdeposits.

(2)Lends money:- It lends money to merchants and manufacturers for shortperiods. It also lends to farmers and co-operative institutions. It lends mostlyon the security of easily realizable commodities like rice, wheat, cotton, oil-
http://www.statebankofindia.com/http://www.statebankofindia.com/http://www.statebankofindia.com/


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seeds, cloth, gold and government securities. The Bank can lend againstagricultural bills upto a maximum period of fifteen months and incase ofother bills upto a maximum period of six months.

(3)Banker's Bank:-The State Bank of India acts as the banker's bank. Indischarging this responsibility, the bank provides loans to commercial bankwhen required and also rediscount their bill. It also acts as the clearing houseof the commercial bank.

(4)Government's Bank:- The State Bank of India also acts as the agent of theReserve Bank of India. As an agent, the State Bank of India maintains thetreasuries of the State Government. The Bank also manages the debts floated

by the State Governments.

5) Remittance:- The State Bank of India facilitates remittance of money fromone place to another. It also helps in the transfer on the funds of the State andCentral Government.

(6) Functions as Central Bank:- The State Bank of India performs the functionsof a Central Bank.

(7) Subsidiaryfunctions:- The State Bank performs various subsidiary services

also. It collects checks, drafts, bill of exchange, dividends interest, salaries andpensions on behalf of its customers. It purchases and sells securities on behalfof its customer. It receives valuables and documents for safe custody andmaintains safe depositvaults.

Mission statement:

To retain the banks position as the premier Indian financial services. It also aims tobe a group with world class standards and significant global business commitments

to excellence in customer, shareholder and employee satisfaction so as to play a

leading role in expanding and diversifying financial services while continuing

emphasis on its development banking role.


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Vision

To be a premier Indian financial services group with global perspective, world

class standard of the efficiency and professionalism and also its core institutional

values, To retain its position in the country as a pioneer in developing countries, It

also aims to maximize its shareholders value through high sustained earnings per

share, To become an institution with a culture of mutual care and commitment. It

also focuses on a pleasant working environment to have continuous learning

opportunities.

Values

Excellence in customer service

Profit orientation

Belonging and commitment to bank

Fairness in all dealings and relations

Risk taking and innovations

Team playing

Learning and renewal

Integrity

Transparency and discipline in policies and systems

Generic strategies adopted by State Bank of India: SBI`s Strategies in thecurrent scenario

SBI have set up capacity in places where they are not very strong. Its time for

them to follow overall SBI philosophy of planning new branches, given the huge

untapped potential. Besides, this is also the best time to benefit from their past

expansion, since there is a lot of trust in SBI.


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Brand SBI is very strong, while people may be generally cautious about some

other brands. They can not only tap the potential better but can also provide a safe

and transparent insurance alternative to the public.

The bank is entering into many new businesses with strategic tie ups Pension

Funds, General Insurance, Custodial Services, Private Equity, Mobile Banking,

Point of Sale Merchant Acquisition, Advisory Services, structured products etc

each one of these initiatives having a huge potential for growth.

Some of the strategies to cope with the current scenario are listed below:

It is the part of SBI`s philosophy to open new branches .The Bank is forging

ahead with cutting edge technology and innovative new banking models, toexpand its Rural Banking base, looking at the vast untapped potential in the

hinterland and proposes to cover 100,000 villages in the next two years. SBI

is planning to hire 11,000 employees in the current fiscal.

It is also focusing at the top end of the market, on whole sale banking

capabilities to provide Indias growing mid / large Corporate with a

complete array of products and services. It is consolidating its global

treasury operations and entering into structured products and derivative

instruments. Today, the Bank is the largest provider of infrastructure debt

and the largest arranger of external commercial borrowings in the country. It

is the only Indian bank to feature in the Fortune 500 list.

The Bank is changing outdated front and back end processes to modern

customer friendly processes to help improve the total customer experience.

With about 8500 of its own 10000 branches and another 5100 branches of itsAssociate Banks already networked, today it offers the largest banking

network to the Indian customer. The Bank is also in the process of providing

complete payment solution to its clientele with its over 8500 ATMs, and


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other electronic channels such as Internet banking, debit cards, mobile

banking, etc.

Countrys largest lender, State Bank of India (SBI) has prepared a blueprint

to go retail in its international operations. Such strategy would help the bankto promote its lead in syndication of loans in the overseas market, at a

cheaper cost.The banks overseas operations have been instructed to thrust

more on promoting retail banking locally, SBI is assessing that by opening

more branches across foreign locations and promoting retail services by

mobilising deposits at interest rates as low as 3-3.5%, the bank will be able

to increase its operating margins by 250-300 basis points in overseas

markets where syndication opportunities arise often.SBI is expected to open

seven new branches over next eight months in the United Kingdom where it

operates six branches currently. Also, SBIs Washington office is expected

to get upgraded as a full-fledged branch by December 2009 and plans are

afoot to open more branches across North America under the control of

California State chartered subsidiary of State Bank of India (California).

In response to signals from the central bank, SBI have progressivelyreduced their PLR from 13.75% to 12.25% during the past few months in

stages, and further softening in interest rates cannot be ruled out.

SBI is introducing loan products at sub-PLR rates - in home loans at 8%,

auto loans at 10%, special products for SMEs and... agriculture sector at

8%, but it may not be possible for them to reduce the interest rate beyond a

certain point.

SBI is working on infrastructure sector projects, which has seen a growth of

26% in the current year. For the year 2008 the Rs 10,000 crores was

sanctioned for the infrastructure projects while in the current year from April

08 to February 09 the amount sanctioned for the infrastructure project is Rs


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13,000 crores,out of which project worth Rs 8000 crore is in pipeline.

Despite of various viability issues the growth in this sector for SBI is been

intact.

With market-linked products finding fewer takers, insurance companies are

launching more guaranteed products to lure investors. The latest to join

the bandwagon is SBI Life insurance with SBI Smart ULIP, a product that

guarantees returns based on the highest NAV recorded by the fund in the

first seven years.

(Institution

Internal consultant/change agent: to act as a catalyst for change in attitudes

and orientation of banking staff and to provide expertise and consultative

support

Feedback supplier: to capture and structure feedback from trainees and from

the market Think tank: to provide expert and inform suggestions, model business

strategies, analysis of market developments from a banker perspective.

Research and development role: to carry out research on contemporary

subjects that are relevant to the banks short term and medium term and

operational needs and policy formulation

Overlapping staff training centers: to validate and closely monitor the staff

training centers in seven circles attached to the academy.)

Centralization and Decentralization


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It has a well defined system for decision making process. The financial decisions are taken at

various levels by different officials depending upon their positions and also through

committee approach.

The centralized credit processing cells are being formed at certain centers for sanction ofpersonal segment loans and under SBI segments. Its branches source the applications and

forward them to the respective credit processing sale for their consideration.

Regarding the sanction of loan each officer of the bank considers the loan proposals and

takes a decision in terms of scheme of delegation of powers, on merits of proposal. If the

bank needs to purchase any kind of equipment like computers or software branch managers

are required to take permission from high authority.

So in term of decision making centralization is high and low decentralization wherein the

managers have some powers to take decision but at a limited base.

The Restructuring

To overcome the intense competition from private and foreign banks, SBI planned

a major organizational restructuring exercise.

The key aspects involved

redesigning of branches,

providing alternate channels;

focus on a lean structure and

Technological up gradation.

A business process reengineering (BPR) team was constituted in June 2003

with McKinsey & Company as consultants. The BPR's basic goal was to


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create an operating architecture that would facilitate service delivery of

international standards.

The project objectives were defined as

increasing customer satisfaction and convenience,

freeing up time for branch manager and

branch staff to focus on sales and marketing,

simplifying process for employees,

enhancing SBI's competitiveness in the market,

increasing the profitability through higher market share and improved

process efficiency"

New Products and Services

Apart from restructuring, SBI launched several innovative, value-added products

and services to project a customer friendly image. It launched a special service for

corporate customers called 'telebanking and remote login' to support transactional

requests.

This facility would be available at 593 branches, and remote login at 269 branches.

The banks trade finance solutions, called EXIMBILLS, were intended to handle

trade finance transactions efficiently and enhance the range of services provided to

corporate and network branches.

In March 2004, SBI announced that it would introduce anywhere banking facility

for its customers over 9000 branches across India in the next two years. All the

branches in Mumbai would provide this facility by December 2004. SBI also

launched different customized loan programs to cater to various sections of society

depending on income levels and repayment capabilities. Interest rates and

repayment periods were tailor-made to suit the customer groups.


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Alliances and Tie-Ups

To boost its business, SBI entered into several alliances and tie-ups with

automobile, insurance, mutual fund, project finance and medical equipment

companies. The Marketing Initiatives

SBI carried out various marketing initiatives to enhance its reach. They included

segregating and targeting existing high value customers,

cross sales of other products,

Setting up call centers and outbound sales force to secure new customers.

Plans were also made to utilize database marketing to pursue large and

medium sized corporate, government and trade finance customers.

Database marketing was expected to draw increased revenue from cross

selling, lower costs and increased customer loyalty.

SBI also introduced various other ways of reaching out to customers like

extension of hours of work(SBI increased daily working hours by two hours

and Sunday banking was introduced) and

Aggressive marketing through print and television media.

New Business undertaken by SBI Due to competition from the private banksand in order to serve the customers need as well for the development of theeconomy State Bank of India has been entered into the new market.

Recently SBI has started two new service providing areas they are : SBI LIFE INSURANCE SBI MUTUAL FUNDs SBI LIFE INSURANCE SBI Life Insurance is a joint venture between the State Bank of India and

Cardiff SA of France. It is registered with an authorized capital of 500 crore and a paid up

capital of 350 crore. SBI Life Insurance offers personal Insurance and related services. The strategy adopted by them is to provide the customers the utmost benefit

along with the fulfillment of companies goal and mission.


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SBI MUTUAL FUND They offer us services of expert and experienced fund managers to help

us create a portfolio of equity, debt or balanced based investments in 36active schemes of mutual funds on offer.

SBI Mutual Fund is a joint venture between SBI AND Societe GeneralAsset Management, one of the worlds leading fund management companiesthat manages over US 500 $ Billion worldwide.

SWOT analysis:

Strengths:

Brand name: SBI Bank has earned a reputation in the market over the period of

time(Being the oldest bank in India tracing history back to 1806)

Market Leader: SBI is ranked at 380 in 2008 Fortune Global 500 list, and ranked 219 in2008 Forbes Global 2000. With an asset base of $126 billion and its reach, it is a regional

banking behemoth.

Wide Distribution Network: Excellent penetration in the country with more than 10000

core branches and more than 5100 branches of associate banks (subsidiaries).

Diversified Portfolio: SBI Bank has all the products under its belt, which help it to extend

the relationship with existing customers Bank has umbrella of products to offer their

customers, if once customer has relationship with the bank. Some Products, which SBI

Bank is offering are: Retail Banking Business Banking Merchant Establishment Services

(EDC Machine) Personal loans & Car loans Insurance Housing Loans

Government Owned: Government owns 60% stake in SBI. This gives SBI an edge over

private banks in terms of customer security.

Low Transition Costs-SBI offers very low transition costs which attracts small customers.

Continued effort to increase low cost deposit would ensure improvement in NIMs and

hence earnings.

Weaknesses:

The existing hierarchical management structure of the bank, although strength in some

respects, is a barrier to change.

Though SBI cards are the 2nd largest player in the credit card industry, it has the highest

non performing assets (NPAs) in the industry, which stand out to be at 16.28 % (Dec

2007).
http://en.wikipedia.org/wiki/Fortune_Global_500http://en.wikipedia.org/wiki/Forbes_Global_2000http://en.wikipedia.org/wiki/Fortune_Global_500http://en.wikipedia.org/wiki/Forbes_Global_2000


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Modernisation: SBI lags with respect to private players in terms of modernisation of its

processes, infrastructure, centralisation, etc.

SBI is currently operating at a lowest CAR(8%). Insufficient capital may restrict the

growth prospects of the bank going forward.

Delay in technology up gradation could result in loss of market shares.

Management indicated a likely pension shortfall on account of AS-15 to be close to

Rs50bn.

Contribution of retail credit to total bank credit stood at 26%. Significant thrust on

growing retail book poses higher credit risk to the bank.

Opportunities:

Merger of associate banks with SBI: Merger of all the associate banks (like SBH, SBM,

etc) into SBI will create a mega bank which streamlines operations and unlocks value.

Planning to add 2000 branches and 3000 ATMs in 2008-2009. This will further increase

its reach.

Increasing trade and business relations and a large number of expatriate populations

offers a great opportunity to expand on foreign soil.

Global expansion: SBI already has expanded globally and start its operations

internationally in 32 countries like Australia, Bangladesh, etc.... and has more plans of

expansion in other global markets.

Growing retail & SMEs thrust would lead to higher business growth.

Micro Finance: there is a lot of growth opportunity in the area of micro finance.

Strong economic growth would generate higher demand for funds pursuant to higher

Corporate demand for credit on account of capacity expansion.

Threats:

Advent of MNC banks: Large numbers of MNC banks are mushrooming in the Indian

market due to the friendly policies adopted by the government. This can increase the

level of competition and prove a potential threat for the market share of SBI bank.

Consumer expectations have increased many folds in last few years and the bank has not

been responsive enough to meet them on time.

Private banks have started venturing into the rural and semi-urban sector, which used to

be the bastion of the State Bank and other PSU banks


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Employee Strike: There was an employee strike in the year 2006 which disrupted SBIs

activities. This can be repeated in the future.

Stiff competition, especially in the retail segment, could impact retail growth of SBI and

Hence slowdown in earnings growth.

Slow down in domestic economy would pose a concern over credit off-take thereby

Impacting earnings growth.

The changing interest rates and the changing policies of RBI.

INTERNATIONAL PRESANCE OF SBI

The bank has 92 branches, agencies or offices in 32 countries. Ithas branches of the parent in Colombo, Dhaka, Frankfurt, Hong

Kong, Johannesburg, London and environs, Los Angeles, Male inthe Maldives, Muscat, New York, Osaka, Sydney, and Tokyo. Ithas offshore banking units in the Bahamas, Bahrain, andSingapore, and representative offices in Bhutan and Cape Town.

SBI operates several foreign subsidiaries or affiliates. In 1990 itestablished an offshore bank, State Bank of India (Mauritius). Ithas two subsidiaries in North America, State Bank of India(California), and State Bank of India (Canada). In 1982, the bank

established its California subsidiary, named State Bank of India(California), which now has eight branches - seven branches in thestate of California and one in Washington DC which was recentlyopened on 23rd November, 2009. The seven branches in the stateof California are located in Los Angeles, Artesia, San Jose, CanogaPark, Fresno, San Diego and Bakersfield. The Canadian subsidiarytoo dates to 1982 and has seven branches, four in the greaterToronto area, and three in British Columbia.

InNigeria, SBI operates as INMB Bank. This bank began in 1981as the Indo-Nigerian Merchant Bank and received permission in2002 to commence retail banking. It now has five branches in

Nigeria.

State Bank of India already has a branch in Shanghai and plans toopen one up in Tianjin.[1]
http://en.wikipedia.org/wiki/Colombohttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Frankfurthttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Johannesburghttp://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/Los_Angeleshttp://en.wikipedia.org/wiki/Malehttp://en.wikipedia.org/wiki/Maldiveshttp://en.wikipedia.org/wiki/Muscat,_Omanhttp://en.wikipedia.org/wiki/New_Yorkhttp://en.wikipedia.org/wiki/Osakahttp://en.wikipedia.org/wiki/Sydneyhttp://en.wikipedia.org/wiki/Tokyohttp://en.wikipedia.org/wiki/Bahamashttp://en.wikipedia.org/wiki/Bahrainhttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Bhutanhttp://en.wikipedia.org/wiki/Cape_Townhttp://en.wikipedia.org/wiki/Torontohttp://en.wikipedia.org/wiki/British_Columbiahttp://en.wikipedia.org/wiki/Nigeriahttp://en.wikipedia.org/wiki/Shanghaihttp://en.wikipedia.org/wiki/Tianjinhttp://www.forbes.com/afxnewslimited/feeds/afx/2007/11/21/afx4365862.htmlhttp://en.wikipedia.org/wiki/Colombohttp://en.wikipedia.org/wiki/Dhakahttp://en.wikipedia.org/wiki/Frankfurthttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/Johannesburghttp://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/Los_Angeleshttp://en.wikipedia.org/wiki/Malehttp://en.wikipedia.org/wiki/Maldiveshttp://en.wikipedia.org/wiki/Muscat,_Omanhttp://en.wikipedia.org/wiki/New_Yorkhttp://en.wikipedia.org/wiki/Osakahttp://en.wikipedia.org/wiki/Sydneyhttp://en.wikipedia.org/wiki/Tokyohttp://en.wikipedia.org/wiki/Bahamashttp://en.wikipedia.org/wiki/Bahrainhttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Bhutanhttp://en.wikipedia.org/wiki/Cape_Townhttp://en.wikipedia.org/wiki/Torontohttp://en.wikipedia.org/wiki/British_Columbiahttp://en.wikipedia.org/wiki/Nigeriahttp://en.wikipedia.org/wiki/Shanghaihttp://en.wikipedia.org/wiki/Tianjinhttp://www.forbes.com/afxnewslimited/feeds/afx/2007/11/21/afx4365862.html


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In Nepal SBI owns 50% of Nepal SBI Bank, which has branchesthroughout the country. In Moscow SBI owns 60% ofCommercialBank of India, with Canara Bankowning the rest. In Indonesia itowns 76% of PT Bank Indo Monex.

Conclusion:

Banking sector in India has gone through a metamorphosis change in its concept perception and

outlook quantitative expansion with quality has been a phenomenon in the operations of the

banking system bank being a service selling show has to meet the need of the customers which

vary from place to place, time to time and purpose to purpose and also at the same time it has tosustain the tough competition coming from all the four ends.

An increase in the income and saving of the urban population has raised hopes for banking

institutions to fill up the gaps by catering to the need of the potential customers and also

penetrate into new target markets like rural sectors through its innovative financial products like

micro finance and SBI is doing the same and this has been proved by so many awards it has

achieved in the recent past, A few of them being most preferred bank as declared by CNBC in

Aug 2007.

State bank of India earlier known as Imperial Bank has proved its existence through introducing

various innovative schemes and that also are considered as competitive in present market.

In this span of time, they have also come up with new strategies so as to compete in this fiercely

competitive market where every next day a new scheme is introduced so as to grab the market

share.

At the same time it can be concluded that they need to focus on the human resources in order to

achieve the maximum market share.

It follows a centralized system, so as to bring synchronization in the decision making process

which helps the organization to create better strategies so as to focus on the overall functioning

and growth prospects of the bank.
http://en.wikipedia.org/w/index.php?title=Commercial_Bank_of_India&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Commercial_Bank_of_India&action=edit&redlink=1http://en.wikipedia.org/wiki/Canara_Bankhttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/w/index.php?title=Commercial_Bank_of_India&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Commercial_Bank_of_India&action=edit&redlink=1http://en.wikipedia.org/wiki/Canara_Bankhttp://en.wikipedia.org/wiki/Indonesia


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editing of sbi

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