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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. -
Resolution Plan Section 1: Public Section December 31, 2015
STATE BANK OF INDIA Resolution Plan Section 1: Public Section December 31, 2015 TABLE OF CONTENTS Section 1: Public Section Introduction Overview of the Bank I. Summary of the Resolution Plan A. Overview of the U.S. Resolution Plan B. Names of Material Entities C. Description of Core Business Lines D. Summary of Financial Information Regarding Assets, Liabilities, Capital and Major Funding Sources E. Description of Derivative and Hedging Activities F. Memberships in Material Payment, Clearing, and Settlement systems G. Description of Non-U.S. Operations H. Material Supervisory Authorities I. Principal Officers J. Resolution Planning Corporate Governance Structure and Processes K. Material Management Information Systems L. High-Level Description of Resolution Strategy Section 1: Public Section Introduction State Bank of India (the “Bank”) is a foreign banking organization duly organized and existing under the laws of India. In the United States, the Bank maintains (a) a New York state-licensed, insured branch (the “New York Branch”), (b) an Illinois state- licensed, insured branch (the “Chicago Branch,” and together with the New York Branch, the “Branches”), (c) a California state-licensed agency (the “Los Angeles Agency”), (d) a representative office in Washington, D.C. licensed by the Federal Reserve (the “Washington D.C. Representative Office”), and (e) a wholly-owned bank subsidiary that is chartered in California, State Bank of India (California) Ltd. (“SBIC”). The Bank has developed a U.S. resolution plan (“U.S. Resolution Plan”) -
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. -
(Subsidiary Banks) Act, 1959
THE STATE BANK OF INDIA (SUBSIDIARY BANKS) ACT, 1959 THE SUBSIDIARY BANKS GENERAL REGULATIONS, 1959 & THE STATE BANK OF HYDERABAD ACT, 1956 STATE BANK OF INDIA LAW DEPARTMENT CORPORATE CENTRE MUMBAI [As amended up to 27th June 2014] 1 © SBI, Law Department, Corporate Centre, Mumbai. (2014) [email protected] 2 THE STATE BANK OF INDIA (SUBSIDIARY BANKS) ACT, 1959 ………………………. 9 THE SUBSIDIARY BANKS GENERAL REGULATIONS, 1959 ……………..……………… 61 THE STATE BANK OF HYDERABAD ACT, 1956 ……………………………………..………. 83 Contents The State Bank of India (Subsidiary Banks) Act, 1959 .......................................................... 10 CHAPTER I ................................................................................................................................................. 10 PRELIMINARY ............................................................................................................................................... 10 1 Short title ..................................................................................................................................................... 10 2 Definitions ................................................................................................................................................... 10 CHAPTER II ................................................................................................................................................ 12 [CONSTITUTION OF NEW BANKS AND CHANGES OF NAME OF ANY SUBSIDIARY BANK] ............................................................................................................................................................................ -
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 -
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. -
State Bank of Patiala (Employees') Pension Regulations 1995
REGISTERED No, DL—33001/96 The Gazette of India PUBLISHED BY AUTHORITY No. 12] NEW DELHI, SATURDAY, MARCH 23, 1996 (CHAITRA 3, 1918) (Separate paging is given to this Part in order that it may be filed as a separate compilation) [PART III—SECTION 4] [Miscellaneous Notification including Notifications, Orders, Advertisements and Notices issued by Statutory Bodies] 1—519 GI/95 (2983) 2984 2985 2986 2987 2988 2989 2990 2991 2—519 GI/95 2902 2993 2994 2995 2996 2997 2998 2999 3—519 GI/95 3000 3001 3002 3 003 3004 3005 3006 3007 4-519 GI/95 3008 3009 3010 3011 3012 3013 3014 RESERVE BANK OF INDIA CENTRAL OFFICE DEPARTMENT OF GOVERNMENT AND BANK ACCOUNTS Mumbai, the 23rd March 19.6 In pursuance of rule 18 of the Rule made by the Government of India Under Section 28 of the Public Debt Act, 1944 and published in the Gazette of the 20th April, 1946 (as amended under the Notification No. F (8)/70-B/52 dated the 29th April 1954 and the Notification in extra ordinary Gazette No. 67 dated 21st February 1990) the following list for the month ended 31st January 1996 is hereby advertised of securities lost etc, in respect of which puma facie ground exists far believing that the securities have been lost and that the claim of applicant just. All persons other than the respective claimants named below who have any claim upon these securities should be communicate immediately with the Chief General Manager, Reserve Bank of India, Central Office, Department of Government & Bank Accounts, Central Debt Division, Mumbai. -
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 -
Annual Report 2017-18
Annual Report 2017-18 Persistence is the Cornerstone of Success NEVER UNDERESTIMATE THE POWER OF PERSISTENCE here is an inherent strength in persistence. It can whittle down obstacles and Tchallenges like the way a river cuts through a rock, not because of its power but because of its persistence. Guided by a definite purpose, backed by a burning desire of achievement, steered by a clear-cut plan, persistence can open up any door closed by the resistance of problems. Results are simply inevitable. The ability to never give up, never lose faith and the loyalty towards being a part of the solution rather than the problem have been the providers of our success and progress over the past three decades. As one of India's leading Investment Banks and project advisers, we find ways not excuses to deliver cutting-edge solutions for our clients which, in turn has helped shape the Indian infrastructure story and contributed to nation building. While achieving this, the compelling reason for our victory over all odds has been our habit of persistence. We staunchly believe as long as we persist, we will be successful. ANNUAL REPORT 2017 - 2018 1 VISION To be the best India based Investment Bank. MISSION To provide credible, professional and customer focused world-class investment banking services. Persistent intent and determined action are an unbeatable combination for success. INDEX Board of Directors ..................................................................................................... 05 Awards & Rankings .................................................................................................. -
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. -
List of the Chairman/Managing Directors of Banks LIST of the CHAIRMAN and MANAGING DIRECTOR of the BANKS
List of the Chairman/Managing Directors of Banks LIST OF THE CHAIRMAN AND MANAGING DIRECTOR OF THE BANKS S. Name Designati Name of the bank Telephone No. Fax No. No. on with Address Chairman Allahabad Bank 033-22420899 033-22104048 and 2, Nethaji Subhas Road, 1 Sh. J.P. Dua 033-22420878 033-22107424 Managing Kolkata 033-22420911 033-22488323 director West Bengal -700001 Andhra Bank Chairman Ground Floor, 040-23240380 and Woodland Noke 2 Sh. B A Prabhakar 040-23240480 040-23242057 Managing Bhaudaji Road, 040-23230883 040-23230883 Director Matunga East, 040-23230001 Mumbai, MH Axis Bank 'Trishul', 3rd Floor,' Chairman / Opp. Samartheshwar 022-24252525 3 Sh. Adarsh Kishore Chair 079-26409321 Temple, Law Garden, 079-26409322 Person Ahmedabad Gujarat -380006 Bank of Baroda Chairman & Suraj Plaza-1, 0265-2362395 4 Sh.. M. D. Mallya Managing Sayaji Ganj, (0265) 236 1852 0265-2361824 Director Baroda-390005 0265-2361806 Bank of India Star House C - 5, "G" Block, Sh. Alok Kumar 022 - 66684444 5 Chairman Bandra Kurla Complex, 022-66684422 Misra 022–40919191 Bandra (East), Mumbai 400 051 Bank of Maharashtra Chairman & Central Office, 6 Sh. Narendra Singh Managing 1501 Lok Mangal, 020-25532731 020-25533246 Director Shivaji Nagar, Pune-411005 Canara Bank Chairman Head Office and 080-22221581 7 Sh. S RAMAN 112, J C Road 080-22222704 Managing 080-22221582 Bangalore - 560 002 director Chairman Central Bank of India and Chander Mukhi, 8 Sh. M.V Tanksale 022 – 6638 7777 022-22028122 Managing Nariman Point director Mumbai – 400 021 Corporation Bank Corporate Office Chairman & Mangaladevi Temple Road 9 Sh. -
Sbi – Merger of Associates
SBI – MERGER OF ASSOCIATES The cabinet approved the merger of the subsidiaries--State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore-- and Bharatiya Mahila Bank Limited with SBI. The approval does not come as a surprise given the government’s stated intention of encouraging consolidation among state-owned banks (this came in the this year’s union budget) even as it looks to address the issues of rising bad debts in the banking system and, at the same time, ensure efficient utilization of capital. A finance ministry spokesperson confirmed the cabinet’s decision though there was no mention of this in the official cabinet briefing. The merger will see the combined entity’s balance sheet at a whopping Rs 37 trillion, making it one of the top 50 banks in the world. “The merger of SBI and its associate banks is a win-win for both. While the network of SBI would stand to increase, its reach would multiply. One can expect efficiencies to be created from rationalization of branches, common treasury pooling and proper deployment of a large skilled resource base,” State Bank of India chairman Arundhati Bhattacharya said in a statement. “Currently, no Indian bank features in the top 50 banks of the world. With this merger, some visibility at global level is likely to increase,” she said. Shares of SBI and its subsidiaries zoomed after the cabinet’s decision. SBI’s shares were up 3.9% at Rs 215.65 apiece at close of trade on Tuesday.