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Moody's downgrades stand-alone rating of State Bank of India due to modest capital and weakening asset quality ...Read more SBI is in gridlock for capital as 60% owner,govt of India won't dilute its holding, won't subscribe to rights issue, nor sellout to others ? ...JOIN THE DISCUSSION ON BANKNET'S LINKEDIN GROUP
State Bank of India Commercial and International Bank Limited (SBICI Bank) Branches start operating as SBI Branches from July 29, 2011 ...Read more
Fitch Affirms State Bank of India's Ratings with stable outlook ...Read more
State Bank of India has raised euro 750 mn through bond issue, under the Medium Term Note (MTN) Programme, having a maturity of 5 years at a coupon of 4.50% p.a. payable annually in the form of Regulation-S Global Notes. The Bonds will be issued through the Company's London branch as of November 30, 2010 and shall be listed on Singapore Exchange. The joint lead managers for the issue included Barclays Capital, Credit Agricole and UBS.
State Bank of India is likely to hire around 15,000-20,000 people in FY11.In 2008-09, the bank had recruited 27,000 staff across various verticals. Bank plans to induct around 2,000 probationary officers for rural business in FY10. In addition, the bank would hire 2,500 probationary officers. SBI is in the process of inducting 11,000 clerks for marketing, banking and advisory services and 481 officers for marketing and recovery (rural) and technical officers (farm sector).
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SBI General Insurance, a joint venture of State Bank of India and Insurance Australia Group gets IRDA approval ...Read more
State Bank of India (SBI) gets full banking licence to operate in Dubai
SBI reduces agriculture loan rates for drought-hit farmers...Read more
SBI further reduces its home loan rates under it's three-month-long "SBI My Home Campaign"...Read more
State Bank of India (SBI) Group Net Profit for Q1FY10 at Rs. 2759 crores, up by 68.11 %...Read more
State Bank to provide banking services to additional 50,000 unbanked villages ...Read more
S. Vishvanathan has assumed charge as Managing Director & CEO of SBI Capital Markets Ltd...Read more
State Bank of India has revised the Benchmark Prime Lending Rate (Referred to as SBAR) downwards by 50 bps from 12.25% p.a. to 11.75% p.a. with effect from 29th June 2009.
SBI freezes new car loans interest rates at 10% for one year: Credit to farmers at 8 per cent
SBI & it's associate banks double their net profits in the third quarter...Read more
SBI offers lowest home loan rates at 8% to stimulate the home loan market...Read more
SBI has slashed both lending and deposit rates in step with the government's move to ease rates and make credit available. These rate cuts will be effective from 1 January 2009...Read more
State Bank of India adjudged Best Bank from India for 2008, by The Banker...Read more
Insurance Australia Group (IAG) and State Bank of India (SBI) to establish a general insurance company...Read more
State Bank of India (SBI) has announced reduction in both lending and deposit rates....read more
As many as 80,000 officers of SBI and its associate banks will strike work in 15,000 branches on 18th August 2008 to protest the merger of SBI and State Bank of Saurashtra, according to All-India State Bank Officers Federation.
State Bank of India Quarterly Profit up 15% at Rs 1640.79 Crore, despite making a huge provision for marked-to-market losses
Indian government has sanctioned the Scheme of Acquisition of State Bank of Saurashtra by State Bank of India....read more
State Bank of India inaugrates 101 branches in a single day ....read more
SBI and Societe Generale Securities Services (SGSS), announce a joint venture to offer custody and related services in India....read more
Officers of the State Bank of India (SBI)deferred their nationwide strike slated for June 6, 2008.
SBI has raised interest rates on term deposits by 25-50 basis points from June 1, 2008 to garner resources for supporting business growth. SBI has revised rates for two to three years' maturity basket to 8.75 per cent. The new rate for the three to five years slab will be 8.85 per cent. For the five to 10 years bracket, the rate has been revised to 9 per cent from 8.5 per cent.
Fitch Ratings has affirmed the ratings of State Bank of India ....read more
State Bank of India MYR500 million fixed-rate notes assigned 'BBB-' rating by Standard and Poor's....read more
State Bank of India (SBI) has become the second bank in the world to have more than 10,000 branches....read more
State Bank of India's third-quarter profit rose 70 percent, boosted by loan demand. Net income rose to 18.1 billion rupees ($459 million) in the three months ended Dec. 31 from 10.65 billion rupees a year earlier ....read more
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RATINGS BY INTERNATIONAL AGENCIES- MOODY’S, STANDARD & POOR’S, CRISIL,
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2008
STATE BANK OF INDIA REVIEWED RESULTS FOR FIRST QUARTER-FY 2006-07...Click here
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH 2006
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER/ 9 MONTHS PERIOD ENDED 31ST DECEMBER 2005
WORKING RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2005
WORKING RESULTS FOR THE QUARTER ENDED 30TH JUNE 2005
WORKING RESULTS FOR THE YEAR ENDED 31ST MARCH 2005
ABOUT STATE BANK OF INDIA
Shri.O. P. Bhatt,
Chairman, State Bank of India
Shri S.K. Bhattacharyya,
MD & CC&RO, State Bank of India
State Bank Bhavan, P. B. No. 12
Madame Cama Road, Mumbai 400 021
Tel No: 022-22022426 (EPBX)
Fax No: 022-22831647, 22040073, 22851391, 22852708
The State Bank of India has been, over the years, the flagship of Indian banking. State Bank of India is the largest bank in India in terms of profits, assets, deposits, branches and employees. With a network of over 9,000 branches in India and 51 foreign offices in 32 countries, the Bank commands about one-fifth of the total deposits and loans in all scheduled commercial banks in the country.
State Bank of India is the successor to Imperial Bank of India. The latter was established in 1921 with the amalgamation of three Presidency Banks of Bombay, Bengal and Madras. State Bank of India came into being on 1.7.1955 through the State Bank of India Act, 1955. The Banks of erstwhile princely states of India joined the State Bank Group as subsidiaries under the State Bank of India (Subsidiary Banks) Act 1959. Over the years, the Bank has expanded rapidly .
The Reserve Bank of India is the single largest shareholder of the Bank (with 59.73% stockholding followed by 14.1% NRI/FIIs, 11.8% financial institutions, 11.1% individuals and remaining with mutual funds and corporates). SBI's shares and bonds are listed for trading on all the major Indian stock exchanges. Its GDR is listed on the Luxembourg Stock Exchange.
With a view to inculcating transparency in banking transactions and for providing information to customers, the Bank launched a Citizen's Charter in the form of the Code of Fair Banking Practices together with the General Terms and Conditions of Service. Appropriately named, 'Towards Excellence' Code reflects the Bank's commitment to provide service of the highest order and serves as a document of self-discipline.
State Bank of India has the following seven Associate Banks (ABs) with controlling interest ranging from 75% to 100%.
State Bank of Bikaner and Jaipur (SBBJ)
State Bank of Hyderabad (SBH)
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)
Interactive branch locator allows you to establish contact with any of the over 8900 SBI branches in India. All you have to do is key in the name of the location, specifying whether it is a branch or district. You can also select a state from the map of India, to view all SBI branches in that state.Click here for Branch Locator .