DOCSLIB.ORG

Shathayu Mar 2017

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Shathayu Mar 2017 REGISTERED KA/BGW-1788/2017-2019 RNI No.KARBIL/2016/69545 MAG(3)/NPP/391/2015-2016 VOLUME - II MARCH - 2017 ISSUE-03 MY BANK IS Only Nenapu from 1.4.2017 Merger on 01. 04. 2017 On 15th February, 2017 Union Cabinet approved Bank, Mysore Bank and State Bank of Mysore. It merger of Associate Banks including State Bank of would be endeavour of every one who belonged to Mysore. Hon'ble Finance Minister announced that Mysore Bank family to join the hands of State Bank of the merger would take place during first week of Mysore Commune in keeping name and legacy of April, 2017. Members of Mysore Bank family were State Bank of Mysore alive for a very long time. hoping against hope that the merger would take place only during 2018. Some even believed that Meeting of representatives of Associate merger may not take place. But, Government's order Banks with State Bank of India Executives was notified on 23rd February, 2017 with merger There are many areas where Associate Bank Retirees date as 1st April, 2017. need clarity. They have not yet been told about the State Bank of Mysore is entering pages of History on Benefits / facilities that are available to retirees / the 1st April, 2017. Successful saga of One hundred pensioners in State Bank of India. In case of need, three years and one hundred eighty one days of service whom to contact. What is the future of REMBS, post- comes to an end. A great institution which changed merger? Many such questions are lingering in the minds of Associate Bank Retirees / Pensioners. Now, lives of lakhs of people would not be there on 1st April. Associate Banks' Department at Corporate Centre, Names of Dr. Sir M. Visveshwaraiah and State Bank of India, Mumbai is organising a meeting H. E. Shri Nalwadi Krishna Raja Charamaraj Wodeyars, of representatives of all Retirees' Organisations at the founders of our Bank would not be invoked in Gurugram on the 22nd March, 2017. Details of the future. Founding fathers of Namma beloved Bank discussion would be reported in the next issue of never imagined that the Bank would not be in Mysore Bank Shathayu. existence after 103 years. Another organisation founded by Dr Sir M. Visveshwaraiah would cease to Seminar on Merger of Associate Banks with exist. Certainly painful to hear that the Bank in which State Bank of India – Employees' perspective members of our Commune served for decades would not be in existence, as Mysore Bank from 1st April 2017. Our Commune organised a Seminar on merger of Associate Banks with SBI - Employees' perspective on But, our Commune would not leave any stone the 11th March, 2017 at Dr. H N Kalakshetra, unturned in its efforts to keep the history, legacy and Jayanagar 7th Block, Bengaluru. Our Commune memory of this great institution, namma Bank, My could reach every employee of State Bank of Mysore. 1 March - 2017 Over 700 employees attended this program. Speech Hassan is one such District, where members of our by Shri T A Padmanabhan, Chief General Manager Commune are in large numbers. (Retd), who was in both State Bank of Saurashtra and Our Hassan District Committee was formed in a State Bank of Indore, when these Banks were merged meeting held on 02-03-2017 at Kannada Sahitya with State Bank of India and Shri Vijaya Raghavan, Parishat, Hassan. Over 90 of our members were DGM (Rtd) from State Bank of India, but originally present. Shri. K. M. Range Gowda, Shri. D. Bore from State Bank of Saurashtra shared their Gowda & Shri. H. P. Parshwanathaiah are elected as experiences at the time of merger and thereafter. A Chairman, President and General Secretary of the presentation on Terminal Benefits in State Bank of Committee respectively. Various other office Bearers India and in State Bank of Mysore was made, duly were also elected. informing the details of the benefits in terms of numbers. Representatives of the Unions and Will Association were also present. Our Commune had organised Workshop on 'Right to Perhaps, this may be the first such an programme by a Property' and 'Controlling your Assets after you'. Full Bank Retirees' Organisation where benefits to present employees was conducted. The feedback information regarding 'Will' was also provided in and response are tremendous. these seminars. The need for execution of Will was also emphasised. It was also informed about An Excel file can be downloaded from our Website limitation of 'Nomination'. (www.sbmpensioners.in – downloads), which helps in understanding the terminal benefits in Associate Society is not as before. Nuclear families have Banks and State Bank of India. replaced Joint families now. The bondage which was in existence earlier is missing today. Children of many Transfer of Savings Bank account : have become NRIs. Now, ideas regarding changing hands have changed. But, the way assets are Currently, our Pension Records of our Bank distributed has also undergone a change. New pensioners are maintained at Head Office of our scenario also demands change in the way one should Bank. But, Pension Records of Associate Bank pass on their assets. Pensioners would be transferred to controlling Circle Office of State Bank of India, immediately after In order to guide members of our Commune, a draft merger. For example, if a Pensioner from our Bank is of 'Will' prepared and published by State Bank of drawing pension from Salem, Pension Records would India, Bhopal Circle is provided, hereunder. Every be transferred to Chennai Circle Office. Therefore, 'Will' should have two witnesses and Registration of members of our Commune who are drawing pension the Will is not mandatory. But, for abundant from the Branch which is situated in a different State precaution, it is suggested that Will should be from the State in which he is staying, are advised to registered. There is no restriction on the number of get their account transferred to nearest Branch, times 'Will' is executed or altered. But, the last 'Will' immediately. before the demise is valid. Hassan District Committee formed This is being circulated on the condition and on 02.03.2017 undertaking that information, comments and views it contains are merely for guidance and reference must Retirees of our Bank are residing in large numbers in not be taken as having the authority of or being in 16 Districts of Karnataka. In many of the Districts, the binding in any way on the State Bank of Mysore number of our members exceeds the total number of Pensioners Commune who do not owe any retirees of all other Banks residing in these Districts. responsibility whatsoever. 2 March - 2017 Format of Will I ____________________________________ son of / daughter of _________________________________ residing at ___________________________________________ make this to be my last Will and Testament. 1. I hereby revoke all wills, codicils and other testamentary documents, made by me and particularly my will dated ______________ and codicil dated ________________. 2. I am possessed of and absolutely entitled to movable and immovable properties which are described in the schedules I to V attached herein. Any mistake in the description or any omission therefrom will not affect the dispositions hereby made and this will deed will apply to all my properties of whatsoever nature and wherever situated and whether standing in my name alone and jointly with anybody else, if any name is first mentioned. 3. After my death, my wife / Husband Mrs. / Mr. __________________ is entitled to the amounts lying in my Bank specifically mentioned in Schedule I attached to this will. This bequeath shall have priority over all other bequests and dispositions. 4. I bequeath my immovable property(ies) situated at ______________ and ______________ centres specifically mentioned as item No. __________________ in Schedule II attached to this will to my ______________ shri/Smt. _____________ and item No. _____________ to my _________________ Shri/Smt./Ms. ______________________ and Shri/Smt./Ms. _______________________ absolutely. 5. I bequeath the Gold/Silver ornaments and jewellery mentioned in Schedule III to my ______________ Shri/Smt./Ms. _______________________________________________________ absolutely. 6. a) I bequeath the Shares / and Securities, MUTUAL FUND & PPF specifically described under Schedule IV to my ______________________ Shri/Smt./Ms. _____________________________ and Shri/Smt./Ms. _________________________________ 7. I hold insurance policies for self/family for life cover as also property which is spelt out in Schedule V to my Will. I bequeath all my properties which are not mentioned in this WILL in favour of Shri/Smt./Ms. ______________________________ and Shri/Smt./Ms. ________________________ 8. I bequeath my miscellaneous assets in Schedule VI as per details given therin. I have made this WILL while I am in sound health and of good understanding. In witness thereof I have put my signature hereunder in the presence of witnesses on this. ______________ day of _____________ 20____________ Signed by the within named TESTATOR SIGNATURE __________________________ 3 March - 2017 IN THE PRESENCE OF TWO WITNESSES SIGNATURE(s) 1. NAME ______________________________ R/O _____________ _______________ 2. NAME ______________________________ R/O _____________ _______________ *************************************************************************************** Note : * this is only a specimen, please modify as per your requirement. For example, if the testator intends to bequeath all his movable or immovable properties or both types of properties to his wife, the will is to be modified accordingly. * All pages of the will including schedules should be signed * Signatures of two witnesses is must. * This is applicable for self acquired properties. * The will can be registered or unregistered. The advantage of registered will is that it can be proved easily in case of dispute. * The will deed can be made out on plain paper. * Approx. cost of registration of document is presently Rs.
Load more

Recommended publications
  • State Bank of India
    State Bank of India State Bank of India Type Public Traded as NSE: SBIN BSE: 500112 LSE: SBID BSE SENSEX Constituent Industry Banking, financial services Founded 1 July 1955 Headquarters Mumbai, Maharashtra, India Area served Worldwide Key people Pratip Chaudhuri (Chairman) Products Credit cards, consumer banking, corporate banking,finance and insurance,investment banking, mortgage loans, private banking, wealth management Revenue US$ 36.950 billion (2011) Profit US$ 3.202 billion (2011) Total assets US$ 359.237 billion (2011 Total equity US$ 20.854 billion (2011) Owner(s) Government of India Employees 292,215 (2012)[1] Website www.sbi.co.in State Bank of India (SBI) is a multinational banking and financial services company based in India. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of December 2012, it had assets of US$501 billion and 15,003 branches, including 157 foreign offices, making it the largest banking and financial services company in India by assets.[2] The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banks—Bank of Calcutta and Bank of Bombay—to form the Imperial Bank of India, which in turn became the State Bank of India. Government of Indianationalised the Imperial Bank of India in 1955, with Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.
    [Show full text]
  • Introduction Banking in India
    Introduction Banking in India Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India which started in 1786, and the Bank of Hindustan, both of which are now defunct. The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India’s Independence became the State Bank of India. Origin of Banking in India Indian merchants in Calcutta established the Union Bank in 1839, but it failed in 1848 as a consequence of the economic crisis of 1848-49. The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India. (Joint Stock Bank: A company that issues stock and requires shareholders to be held liable for the company’s debt) It was not the first though. That honor belongs to the Bank of Upper India, which was established in 1863, and which survived until 1913, when it failed, with some of its assets and liabilities being transferred to the Alliance Bank of Simla. When the American Civil War stopped the supply of cotton to Lancashire from the Confederate States, promoters opened banks to finance trading in Indian cotton.
    [Show full text]
  • Booklet on Measurement of Digital Payments
    BOOKLET ON MEASUREMENT OF DIGITAL PAYMENTS Trends, Issues and Challenges Revised and Updated as on 9thMay 2017 Foreword A Committee on Digital Payments was constituted by the Ministry of Finance, Department of Economic Affairs under my Chairmanship to inter-alia recommend measures of promotion of Digital Payments Ecosystem in the country. The committee submitted its final report to Hon’ble Finance Minister in December 2016. One of the key recommendations of this committee is related to the development of a metric for Digital Payments. As a follow-up to this recommendation I constituted a group of Stakeholders under my chairmanship to prepare a document on the measurement issues of Digital Payments. Based on the inputs received from RBI and Office of CAG, a booklet was prepared by the group on this subject which was presented to Secretary, MeitY and Secretary, Department of Economic Affairs in the review meeting on the aforesaid Committee’s report held on 11th April 2017 at Ministry of Finance. The review meeting was chaired by Secretary, Department of Economic Affairs. This booklet has now been revised and updated with inputs received from RBI and CAG. The revised and updated booklet inter-alia provides valuable information on the trends in Digital Payments in 2016-17. This has captured the impact of demonetization on the growth of Digital Payments across various segments. Shri, B.N. Satpathy, Senior Consultant, NISG, MeitY and Shri. Suneet Mohan, Young Professional, NITI Aayog have played a key role in assisting me in revising and updating this booklet. This updated booklet will provide policy makers with suitable inputs for appropriate intervention for promoting Digital Payments.
    [Show full text]
  • Payment Gateway
    PAYMENT GATEWAY APIs for integration Contact Tel: +91 80 2542 2874 Email: [email protected] Website: www.traknpay.com Document version 1.7.9 Copyrights 2018 Omniware Technologies Private Limited Contents 1. OVERVIEW ............................................................................................................................................. 3 2. PAYMENT REQUEST API ........................................................................................................................ 4 2.1. Steps for Integration ..................................................................................................................... 4 2.2. Parameters to be POSTed in Payment Request ............................................................................ 5 2.3. Response Parameters returned .................................................................................................... 8 3. GET PAYMENT REQUEST URL (Two Step Integration) ........................................................................ 11 3.1 Steps for Integration ......................................................................................................................... 11 3.2 Parameters to be posted in request ................................................................................................. 12 3.3 Successful Response Parameters returned ....................................................................................... 12 4. PAYMENT STATUS API ........................................................................................................................
    [Show full text]
  • List-Of-Public-Sector-Banks-In-India
    1 List of Public Sector Banks in India Anchor Bank Merged Bank Established Headquarter Vijaya Bank Bank of Baroda 1908 Vadodara, Gujarat Dena Bank Bank of India 1906 Mumbai, Maharashtra Bank of Maharashtra 1935 Pune Maharashtra Canara Bank Syndicate Bank 1906 Bengaluru, Karnataka Central Bank of India 1911 Mumbai, Maharashtra Indian Bank Allahabad Bank 1907 Chennai, Tamil Nadu Indian Overseas Bank 1937 Chennai, Tamil Nadu Punjab & Sind Bank 1908 New Delhi, Delhi Oriental Bank of Commerce Punjab National Bank 1894 New Delhi, Delhi United Bank of India State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Indore State Bank of India 1955 Mumbai, Maharashtra State Bank of Mysore State Bank of Patiala State Bank of Travancore Bhartiya Mahila Bank UCO Bank 1943 Kolkata, West Bengal Andhra Bank Union Bank of India 1919 Mumbai, Maharashtra Corporation Bank List of Private Sector Banks in India Bank Name Established Headquarters HDFC Bank 1994 Mumbai, Maharashtra Axis Bank 1993 Mumbai, Maharashtra Bandhan Bank 2015 Kolkata, West Bengal CSB Bank 1920 Thrissur, Kerala City Union Bank 1904 Thanjavur, Tamil Nadu DCB Bank 1930 Mumbai, Maharashtra Dhanlaxmi Bank 1927 Thrissur, Kerala Federal Bank 1931 Aluva, Kerala 2 Bank Name Established Headquarters ICICI Bank 1994 Mumbai, Maharashtra IDBI Bank 1964 Mumbai, Maharashtra IDFC First Bank 2015 Mumbai, Maharashtra IndusInd Bank 1994 Mumbai, Maharashtra Jammu & Kashmir Bank 1938 Srinagar, Jammu and Kashmir Karnataka Bank 1924 Mangaluru, Karnataka Karur Vysya Bank 1916 Karur, Tamil Nadu Kotak
    [Show full text]
  • Government of India Ministry of Commerce & Industry Department
    Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated 09. 07. 2015 Trade Notice No. 07/2015 To 1. All IEC Holders 2. All EPCs / All Chambers of Trade and Industries 3. FIEO/ASSOCHAM/CII 4. All RA’s of DGFT Subject: Operationalisation of online payments through debit / credit cards. In keeping with the Digital India vision of Hon'ble Prime Minister, and taking yet another crucial step towards paperless, online functioning in 24x7 environment, Directorate General of Foreign Trade has launched the facility of online payment of application fees through Credit/Debit cards and electronic fund transfer from 53 Banks (List annexed). 2. As a measure of Trade Facilitation and Ease of Doing Business, DGFT has already operationalised the facility of Online filing of various applications by the exporters/importers under the Foreign Trade Policy (2015-20). Early this year, DGFT also operationalised the facility of online submission of applications for issue of online Importer Exporter Code in digital format or e-IEC for exporters/importers. Now with the online payment facility being available from 53 banks, as well as through Credit and Debit cards, it would be possible to not only apply online for e-IEC and benefits under various schemes under Foreign Trade Policy but also make online payment of required application fee. 3. The charges applicable for using internet banking, debit/credit cards will be as follows: Transaction Visa / Master Card Credit card transaction: Processing 1.45% of payment amount per transaction. Charges Visa / Master Card/Rupay Debit Card transactions: For transactions upto Rs.2000/- : 0.75% of payment amount per transaction.
    [Show full text]
  • State Bank of India: [ICRA]AA+(Hyb) Assigned
    August 16, 2019 State Bank of India: [ICRA]AA+(hyb) assigned Summary of Rated Instruments Previously Rated Current Rated Instrument Rating Action Amount (Rs. crore) Amount (Rs. crore) Basel III Compliant Tier I Bonds 8,000 8,000 [ICRA]AA+(hyb)(Stable);outstanding Basel III Compliant Tier I Bonds - 3,500 [ICRA]AA+(hyb)(Stable) assigned Basel III Compliant Tier II Bonds 15,743.00 15,743.00 [ICRA]AAA(hyb)(Stable); outstanding Lower Tier II Bonds Programme 500.00 500.00 [ICRA]AAA(Stable); outstanding Certificates of Deposits 41,500.00 41,500.00 [ICRA]A1+; outstanding Medium Term Deposits NA NA MAAA(Stable); outstanding Total 65,743.00 69,243.00 ICRA has assigned a rating of [ICRA]AA+(hyb) with stable outlook for the Basel III-compliant Tier I bonds (or Additional Tier I or AT-I bonds) programme of State Bank of India (SBI)1. The rated Tier I bonds have the following loss absorption features that make them riskier: • Coupon payments are non-cumulative and discretionary and the bank has the full discretion at all times to cancel coupon payments. Cancellation of discretionary payments shall not be an event of default. • Coupon can be paid out of current year profits. However, if the current year’s profit is not sufficient, or, if the payment of coupon is likely to result in a loss, the coupon payment can be done through reserves and surpluses 2 created through appropriation of profits (including statutory reserves). However, the coupon payment is subject to the bank meeting the minimum regulatory requirements for CET I, Tier I and total capital ratios (including capital conservation buffer, CCB) at all times as prescribed by the Reserve Bank of India (RBI) under the Basel III regulations.
    [Show full text]
  • State Bank of Mysore (Employees') Pension Regulations, 1995
    STATE BANK OF MYSORE (EMPLOYEES’) PENSION REGULATION, 1995 (As amended upto 31.12.2011) Reproduced by State Bank of Mysore Pensioners’ Commune (R) 1st Floor, SBM Bangalore Branch premises, Avenue Road, BANGALORE 560009 State Bank of Mysore Employees' (Pension) Regulation, 1995 INDEX Chapter Reg. No. Particulars Page No. 01- Preliminary 1 Short title and commencement 1 2 Definitions 1 02 - Application & Eligibility 3 Application & Eligibility 4 4 Option to subscribe to the Provident Fund 6 03 - The Fund 5 Constitution of the Fund 6 6 Liability of the Provident Fund Trust 6 7 Composition of the Fund 6 8 Board of Trustees 7 9 Trustees to carry out the directions of the Bank 7 10 Books of accounts of the Fund 7 11 Actuarial investigation of the Fund 8 12 Investment of the Fund 8 13 Payment out of the Fund 8 04 - Qualifying Service 14 Qualifying Service 8 15 Commencement of qualifying service 8 16 Counting of service on probation 8 17 Counting of periods spent on leave 8 18 Broken period of service of less than one year 8 19 Counting of period spent on training 9 20 Counting of past service in the erstwhile Bank 9 21 Period of suspension 9 22 Event of disqualification 9 23 Period of deputation to foreign service 10 24 Military Service 10 25 Period of deputation to an organisation in India 10 Addition to qualifying service in special 26 10 circumstances Counting of service rendered on permanent part- 27 11 time basis 05 - Classes of Pension 28 Superannuation Pension 11 29 Pension on Voluntary Retirement 11 30 Invalid Pension 12 31 Compassionate Allowance 13 32 Premature Retirement Pension 13 33 Compulsory Retirement Pension 13 34 Payment of pension or family pension 14 Chapter Reg.
    [Show full text]
  • List of Bank Names
    List of Banks for e-BRC Registration and Uploading S No. Name of Bank User Id (7 characters) Remarks 1 Abhyudaya Co-op Bank Ltd ABHY001 First four characters are IFSC code +001 2 Abu Dhabi Commercial Bank Ltd ADCB001 First four characters are IFSC code +001 3 National Bank of Abu Dhabi PJSC NBAD001 First four characters are IFSC code +001 4 AB Bank Ltd. ABBL001 First four characters are IFSC code +001 5 Ahmedabad Mercantile Co-op Bank First four characters are IFSC code +001 AMCB001 6 Allahabad Bank ALLA001 First four characters are IFSC code +001 7 Andhra Bank ANDB001 First four characters are IFSC code +001 8 Antwerp Diamond Bank Mumbai ADIA001 First four characters are IFSC code +001 9 Australia and New Zealand Banking ANZB001 First four characters are IFSC code +001 Group Limited 10 Axis Bank UTIB001 First four characters are IFSC code +001 11 Bank Of America BOFA001 First four characters are IFSC code +001 12 Bank Of Bahrain And Kuwait BBKM001 First four characters are IFSC code +001 13 Bank of Baroda BARB001 First four characters are IFSC code +001 14 Bank Of Ceylon BCEY001 First four characters are IFSC code +001 15 Bank of India BKID001 First four characters are IFSC code +001 16 Bank Of Maharashtra MAHB001 First four characters are IFSC code +001 17 Bank Of Nova Scotia NOSC001 First four characters are IFSC code +001 18 Bank Of Tokyo-Mitsubishi Ufj Ltd BOTM001 First four characters are IFSC code +001 19 Bank Internasional Indonesia IBBK001 First four characters are IFSC code +001 20 Barclays Bank Plc BARC001 First four characters
    [Show full text]
  • State Bank of India Has Honoured the Orders of Hon'ble Supreme Court In
    State Bank of India has honoured the Orders of Hon’ble Supreme Court in Contempt Petition filed by members of State Bank of Mysore Pensioners’ Commune and paid Commutation without recovering Commutation amount. It is for the first time in the Banking history, a part of the Commutation is paid after a period of 15 years after retirement, without recovery duly reckoning commutation factor as on the date of retirement/pension option. It is unfortunate that Commutation is paid only to petitioners from erstwhile State Bank of Mysore. However, our State Bank Retirees Association is committed to ensure extension of benefit of payment of pension duly adding service to the extent of maximum of five years and payment of differential Commutation alongwith along with interest thereon. Consequent to the decision in Contempt Petition, State Bank Retirees’ Association is pursuing payment of Dearness Relief in terms of Regulation 37 – Appendix II 2 to all those who retired on or after 01.04.1998. Details of this benefit are narrated hereunder : Currently, Appendix II 2, of Pension Regulations, 1995 provides for payment of Dearness Relief in respect of those who retired on or after 01.11.1993. The rate per slab of Dearness Relief in excess of 1148 points of Consumer Price Index is at 0.35% upto Rs.2,400/- , 0.29% upto Rs.3,850/-, 0.17% uptoRs.4,100/- and at 0.09% per cent of basic pension in excess of Rs.4,100/-. Since, there is no further addition/modification/amendment, erstwhile Associate Bank pensioners are entitled to Dearness Relief at these rates, instead of rates at which Dearness Relief is being paid, currently.
    [Show full text]
  • I. State Bank of India
    COMPANY PROFILE I. STATE BANK OF INDIA OVERVIEW INTERNATIONAL PRESENCE HISTORY ASSOCIATE BANKS BRANCHES State Bank of India (SBI) (BSE: 500112, LSE: SBID) is the largest state- owned banking and financial services company in India, by almost every parameter - revenues, profits, assets, market capitalization, etc. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banks, Bank of Calcutta and Bank of Bombay to form Imperial Bank of India, which in turn became State Bank of India. The Government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the Government took over the stake held by the Reserve Bank of India. SBI provides a range of banking products through its vast network of branches in India and overseas, including products aimed at NRIs. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. With an asset base of $352 billion and $285 billion in deposits, it is a regional banking behemoth. It has a market share among Indian commercial banks of about 20% in deposits and advances, and SBI accounts for almost one- fifth of the nation's loans. SBI has tried to reduce over-staffing by computerizing operations and "golden handshake" schemes that led to a flight of its best and brightest managers.
    [Show full text]
  • Name of Lead Bank Name of LDM Desig
    Quarter ended ----- 10.03.2015 SLBC -KARNATAKA Annex V Name of LDM Contact Details District Code Desig- SR District Name Name of Lead Bank Address (BSR) nation Sarvasree Mobile Landline fax email 1 Bagalkot 869 Syndicate Bank Jayaprasad Shetty H LDM 94498 60746 08354-236402 08354-236402 [email protected], [email protected] Lead Dist. Manager Syndicate Bank Lead Bank Office, Sector No.35, Plot No.83, 86 C Navanagar BAGALKOT - 587 102 2 Bengaluru [Rural] 842 Canara Bank G.S. Srinivasan LDM 94835 37125 080-25326213 080-25320390 [email protected], The Lead Dist. Manager 95381 11700 [email protected], Canara Bank B'lore Rural Dist., B'lore Rural Circle No.86, Spencer Tower, III Floor M.G.Road BANGALORE - 560 001 3 Bengaluru [Urban] 840 Canara Bank K.S. Gurudath LDM-DM 94835 45308 080-25559620 080-25588026 [email protected], The Lead Dist. Manager Canara Bank, B'lore Urban Dist No.86, Spencer Towers, Circle Office METRO, M.G.Road, BANGALORE - 560 001 4 Belagavi 870 Syndicate Bank M. Ananda LDCM 94498 60533 0831-2423095 0831-2423095 [email protected], The Lead Dist. Manager [email protected], Syndicate Bank, Lead Bank Office No.1560, Maruthi Galli BELGAUM - 590 001 5 Ballari 858 Syndicate Bank I.G. Kumargoud LDCM 94498 60601 08392-257191 08392-255739 [email protected], The Lead Dist. Chief Manager, [email protected], Syndicate Bank, RO, LDO, Janaki Towers, Near S G College, Kapagal Road, Gandhi Nagar, Bellary-583103 6 Bidar 866 State Bank of India K.N.
    [Show full text]