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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. -
S. No. Regional Office Party/Payee Name Individual
AGRICULTURE INSURANCE COMPANY OF INDIA LTD. STATEMENT OF STALE CHEQUES As on 30.09.2017 Unclaimed amount of Policyholders related to Stale Cheques more than Rs. 1000/- TYPE OF PAYMENT- REGIONAL INDIVIDUAL/ FINANCIAL AMOUNT (IN S. NO. PARTY/PAYEE NAME ADDRESS CLAIMS/ EXCESS SCHEME SEASON OFFICE INSTITUTION RS.) COLLECTION (a) (b) (c) (d) (e) (i) (j) (k) (l) (m) 1 AHMEDABAD BANK OF BARODA, GODHARA FINANCIAL INSTITUTION STATION ROAD ,GODHARA 2110.00 EXCESS COLLECTION NAIS KHARIF 2006 2 AHMEDABAD STATE BANK OF INDIA, NADIAD FINANCIAL INSTITUTION PIJ ROAD,NADIAD 1439.70 EXCESS COLLECTION NAIS KHARIF 2006 3 AHMEDABAD STATE BANK OF INDIA (SBS),JUNAGADH FINANCIAL INSTITUTION CIRCLE CHOWK,JUNAGADH 1056.00 EXCESS COLLECTION NAIS KHARIF 2007 4 AHMEDABAD UNION BANK OF INDIA, NADIAD FINANCIAL INSTITUTION TOWER,DIST.KHEDA,NADIAD 1095.50 EXCESS COLLECTION NAIS KHARIF 2007 5 AHMEDABAD BANK OF BARODA, MEHSANA FINANCIAL INSTITUTION STATION ROAD,MEHSANA 1273.80 EXCESS COLLECTION NAIS KHARIF 2008 PATNAGAR YOJANA 6 AHMEDABAD BANK OF INDIA, GANDHINAGAR FINANCIAL INSTITUTION 13641.60 EXCESS COLLECTION NAIS KHARIF 2008 BHAVAN,GHANDHINAGAR 7 AHMEDABAD ORIENTAL BANK OF COMMERCE, UNJHA FINANCIAL INSTITUTION DIST.MEHSANA,UNJA 16074.00 EXCESS COLLECTION NAIS KHARIF 2008 OTHERS 8 AHMEDABAD NAJABHAI DHARAMSIBHAI SAKARIYA INDIVIDUAL DHANDHALPUR, CHOTILA 1250.00 CLAIMS KHARIF 2009 PRODUCTS OTHERS 9 AHMEDABAD TIGABHAI MAVJIBHAI INDIVIDUAL PALIYALI, TALAJA, BHAVNAGAR 1525.00 CLAIMS KHARIF 2009 PRODUCTS OTHERS 10 AHMEDABAD REMATIBEN JEHARIYABHAI VASAVA INDIVIDUAL SAGBARA, -
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. -
Unit 1. Evolution of Banking
DNYANSAGAR ARTS AND COMMERCE COLLEGE, BALEWADI, PUNE – 45 Subject – Banking And Finance - I (115 B) Class: FYB.COM (2019 Pattern) Unit 1. Evolution of Banking Introduction Money in the Economy is like blood in the human body”. The flow of money in the economy determines the characteristics of any economy. Robust money and capital markets are essentials for a developed economy. The short term and long term needs of money of individuals and institutions can be efficiently met by financial intermediaries. Pooling of scanty deposits into a large capital base and lending it to the desirable sectors is the core of banking business. In a developing economy like India, the role of banking sector becomes even more critical. In the initial years of economic development, when other sophisticated financial institutions were not present, banks were the only financial intermediaries which helped in bring about the change. The sense of confidence in the ethical functioning of financial intermediaries, in the minds of common man, was brought about by well-regulated commercial banks. The word ‘bank’ is of Germanic origin though some persons trace its origin to the French word ‘Banqui’ and the Italian word ‘Banca’. It referred to a bench for keeping, lending, and exchanging of money or coins in the market place by money lenders and money changers. According to Banking Regulation Act, 1949 of India, “Banking means the accepting for the purpose of lending or investment of deposits of money from the public, repayable on demand or otherwise and withdrawable by cheque, draft, and an order or otherwise”. A bank is a financial institution which deals with deposits and advances and other related services. -
(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] ............................................................................................................................................................................ -
State Bank of India Companyname
VISIT NOTE STATE BANK OF INDIA J uggernaut geared for the next cycle India Equity Research| Banking and Financial Services COMPANYNAME We met State Bank of India’s (SBI) top management team to assess the EDELWEISS 4D RATINGS bank’s business strategy and growth & asset quality outlook. Key Absolute Rating BUY takeaways: a) focus is on consistently delivering on earnings and Rating Relative to Sector Performer improving visibility while building on business momentum (10% loan Risk Rating Relative to Sector Low growth target); b) incremental stress is on expected lines with SBI Sector Relative to Market Overweight maintaining slippages & credit cost guidance of 2%; c) performance of subsidiaries has been impressive and potent value unlocking is imminent; MARKET DATA (R: SBI.BO, B: SBIN IN) and d) while consolidation of PSU banks is a pragmatic move, CMP : INR 265 management assuaged concerns of SBI being coerced into it. We believe, Target Price : INR 338 SBI is better positioned among peers—CET-1 at 9.8%, NNPLs at <5.3% and 52-week range (INR) : 352 / 232 CASA at ~45%. Maintain ‘BUY’ with TP of INR338. Share in issue (mn) : 8,924.6 M cap (INR bn/USD mn) : 2,365 / 32,620 Recent events largely one-off with restricted impact on SBI Avg. Daily Vol.BSE/NSE(‘000) : 24,517.5 Management perceives recent events as an off shoot of global factors; however, underlying macros of Indian economy continues on a strong footing. SBI has 6% stake SHARE HOLDING PATTERN (%) in IL&FS and debt exposure is at SPV level. -
1 Sri. V.R. Kallannavar Director KITSERD, State Bank of India
National Academy of RUDSETI Chitrapur Bhavan, 2nd Floor, 15th Cross, 8th Main, Malleswaram, Bangalore-55 List of Participants of the TTP from 20-06-2011 to 30-06-2011 - Conducted at Hotel CITADEL, Bangalore - B.No. 15 Sl. No. Name & Address of the participant Qualification Designation Sri. V.R. Kallannavar Director 1 B.A Director KITSERD, State Bank of India, Dariyapur & Kotnur Guda Layout, Gulbarga Sri. Ram Gopal Swarnakar 2 Director M.Com Director State Bank of India RSETI, Harda, M.P. Sri. Ganesh Prasad Pandey 3 Director M.Sc Director SBI RSETI, ADB Building Garhwa, Jharkhand Sri. Dinabandhu Roy Director 4 SBI RSETI, Lead Bank Office, Bank Colony B.A Director Pakur - 816107 Jharkhand Sri. K.N. Gupta Director 5 B.Sc, LLB Director SBI RSETI, Nowgong Chhatarpur - 471 201 M.P. Sri. Ramesh Kumar Sinha 6 Director B.Sc, LLB, CAIIB Director SBI RSETI, Sahibganj - 816 109, Jharkhand Sri. Subhasis Roy Director 7 B.Com, CAIIB Director SBI RSETI C/o SBI Latehar Branch Premises, Latehar - 829206, Jharkhand Sri. Prakash Vyankatesh Joshi SBI RSETI, Goa 8 B.Sc, CAIIB Director State Bank Building, 1st Floor, Near Municipal Garden, Margao, South Goa - 403601 Sri. S.P. Gupta Director 9 Baroda Swarojgar Vikas Sansthan M,A (Eco), CAIIB Director Near Rama Bal Girls P.G. College, Bakshari Road - Akbar Pur, Dist. Ambedkar Nagar - 224122, U.P. Sri. Alakh Prasad Srivastava Director 10 B.Sc (ag & Ah), CAIIB Director Baroda Swarojgar Vikas Sansthan 2017, Awas Vikas-3 Kalyanpur Panki Road Kanpur -208012, U.P. Sri. Mohammad Iqbal Director 11 JKB RSETI B.Sc Director Reshi Complex Bijbehara, Anantnag, J& K Sri. -
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 -
Details of Lead Banks Quarter Ended Annex V District Code S.No
Details of Lead Banks Quarter ended Annex V District Code S.No. District Name (BSR) Name of Lead BankName of LDM Designation Telephone E-Mail Address Lead District Manager Andhra Bank, Day & Night 1 Srikakulam Andhra Bank Ch.Srinivasa Sastry Senior Manager 08942-223076 [email protected] Junction, Srikakulam -532 001 Lead District Manager Andhra Bank 2 East Godavari Andhra Bank S.Jagannadha Raju Senior Manager 0884-2362440 [email protected] Zonal Office Kosurivari Street Kakinada - 533 001 Lead District Manager Andhra Bank, Zonal Office 3 West Godavari Andhra Bank S.Lakshmi Narayana Chief Manager 08812-241643 [email protected] Ramachandraraopet Eluru - 534 002 Lead District Manager Andhra Bank, Zonal Office 26-21-22, GT Road, Opp.ITA Hall 4 Guntur Andhra Bank M.Ram Reddy Senior Manager 0863-2232953 [email protected] Nagarampalem Guntur - 522 004 Lead District Manager State Bank of India 5 Vizianagaram S B I K.Ravinder Reddy Chief Manager 08922-223821 [email protected] Lead Bank, M.G.Road Vizianagaram - 531 201 Lead District Manager State Bank of India 2nd floor, SBI Zonal Office Building, 6 Visakhapatnam S B I B Jaya Babu Chief Manager 0891-2746619 [email protected] Balajinagar,Siripuram Visakhapatnam - 530 003 Lead District Manager State Bank of India 7 Medak S B I T T Venkayya Chief Manager 08455-276279 [email protected] Sangareddy - 502 001 Medak District Lead District Manager State Bank of India 8 Mahaboobnagar S B I P.Sreenivas Chief Manager 08542-241033 [email protected] Subhashnagar -
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. -
SBI Infrastructure Fund Series 1.Pdf
Asset Management Company : Mutual Fund : SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & Société Générale Asset Management) Key Information Memorandum and Application Form Continuous Offer of units at NAV based prices This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the scheme/Mutual Fund, due diligence certificate by the AMC, Key Personnel, investors’ rights & services, risk factors, penalties & pending litigations etc. investors should, before investment, refer to the Scheme Information Document and Statement of Additional Information available free of cost at any of the Investor Service Centres or distributors or from the website www.sbimf.com . The Scheme particulars have been prepared in accordance with Securities and Exchange Board of India (Mutual Funds) Regulations 1996, as amended till date, and filed with Securities and Exchange Board of India (SEBI). The units being offered for public subscription have not been approved or disapproved by SEBI, nor has SEBI certified the accuracy or adequacy of this KIM. Asset Management Company : Sponsor : State Bank of India SBI Funds Management Pvt. Ltd., 191, Maker Towers ’E’, Cuffe Parade, Mumbai - 400 005 Visit us at www.sbimf.com Type of Scheme An Open-ended Growth Scheme Investment Objective To provide investors with opportunities for long-term growth in capital through an active management of investments in a diversified basket of equity stocks of companies directly or indirectly involved in the infrastructure growth in the Indian economy and in debt & money market instruments. Asset allocation pattern of Types of Instruments Normal Allocation Risk Profile the scheme (% of Net Assets) Equity and equity related instruments including 65% - 100% High derivatives^ Debt and Money Market instruments* 0% - 35% Medium to Low Maximum limit for stock lending - Not more than 20% of the net assets of the scheme.