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State Bank of India



Company Summary

State Bank of India is the largest state-owned banking and financial services company in
India. The Bank provides banking services to the customer. In addition to the banking
services, the Bank through their subsidiaries, provides a range of financial services,
which include life insurance, merchant banking, mutual funds, credit card, factoring,
security trading, pension fund management and primary dealership in the money market.
The Bank operates in four business segments, namely Treasury, Corporate/ Wholesale Banking,
Retail Banking and Other Banking Business. The Treasury segment includes the investment
portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate
/ Wholesale Banking segment comprises the lending activities of Corporate Accounts Group,
Mid Corporate Accounts Group and Stressed Assets Management Group. The Retail Banking
segment consists of branches in National Banking Group, which primarily includes personal
banking activities, including lending activities to corporate customers having banking
relations with branches in the National Banking Group. The State bank of India is the
10th most reputed company in the world according to Forbes.
The bank has 156 overseas offices spread over 32 countries. They have branches of the
parent in Colombo, Dhaka, Frankfurt, Hong Kong, Johannesburg, London and environs, Los
Angeles, Male in the Maldives, Muscat, New York, Osaka, Sydney, and Tokyo. They have
offshore banking units in the Bahamas, Bahrain, and Singapore, and representative offices
in Bhutan and Cape Town.
In 2014, State Bank of In-dia launched new digital Online and self-service banking solution
with support from Accenture. The bank also unveiled 6 digital branches.
In 2015, State Bank of India launched a RuPay Platinum debit card in association with
National Payment Corporation of India (NPCI). SBI builds foundation for group CSR
activities. SBI introduces online facility for overdraft against FDs. SBI partners with
Amazon. SBI entered into a MoU with PayPal, an American online money transfer services
provider firm, for facilitating cross-border transactions. State Bank of India launched SBI
eforex. SBI also launched an initiative to provide doorstep services and expedite home
loans application process. State Bank of India jointly launched a cyber crime awareness
campaign.