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Topic: State Bank of India


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In the News (Mon 21 Dec 09)

  
  State Bank of India - Wikipedia, the free encyclopedia
The roots to the State Bank of India are traceable to the first decade of 19th century, when the Bank of Calcutta, later renamed as the Bank of Bengal, was established on 2nd June 1806.
The Bank of Bengal and two other Presidency banks, namely, the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1st July 1843) were amalgamated on 27th January 1921, and the reorganized banking entity was named the Imperial Bank of India.
The Reserve Bank of India, which is the central banking organization of India, in the year 1955, acquired a controlling interest in the Imperial Bank of India and the Imperial Bank of India was christened on 30th April 1955 as the State Bank of India.
en.wikipedia.org /wiki/State_Bank_of_India   (700 words)

  
 State Bank of India -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-11-05)
State Bank of India is the largest bank in (A republic in the Asian subcontinent in southern Asia; second most populous country in the world; achieved independence from the United Kingdom in 1947) India.
June 2, 1806: The Bank of (The largest city in India and one of the largest cities in the world; located in eastern India; suffers from poverty and overcrowding) Calcutta established.
April 15, 1840: Bank of (A city in western India just off the coast of the Arabian Sea; India's 2nd largest city (after Calcutta); has the only natural deep-water harbor in western India) Bombay established.
www.absoluteastronomy.com /encyclopedia/s/st/state_bank_of_india.htm   (167 words)

  
 Five banks in AP to assess tsunami damage for loans to fishermen - The Economic Times   (Site not responding. Last check: 2007-11-05)
The Andhra Pradesh state-level banking committee (SLBC) has sprung into action with five lead banksState Bank of India, Syndicate Bank, Indian Bank, State Bank of Hyderabad and Andhra Bank —coming together to assess the tsunami-triggered damage and kick off consumption credit and loans to the fishing community.
The Reserve Bank of India (RBI) regional director (Hyderabad) G Padmanabhan called upon bankers to move to the field and ensure assistance to the affected people.
In coastal Andhra, it is the fishing community that has been the worst hit and the banks are looking at identifying fishermen who have lost their nets and boats.
economictimes.indiatimes.com /articleshow/973907.cms   (342 words)

  
 Bloomberg.com: Asia   (Site not responding. Last check: 2007-11-05)
State Bank and other lenders are benefiting from rising demand for credit in an economy that expanded 8.2 percent in the year ended March 31, 2004, the most since 1989.
State Bank beat expectations of a 15.5 percent increase in profit to 10.6 billion rupees, based on the median of estimates by five analysts Bloomberg News surveyed.
State Bank of India's shares rose 41.2 rupees, or 7.1 percent, to 622.75 rupees at the 3:30 p.m.
www.bloomberg.com /apps/news?pid=10000080&sid=aqa6lITJOitU&refer=asia   (908 words)

  
 India at opensource encyclopedia   (Site not responding. Last check: 2007-11-05)
India is also known as Hindustan (the land of the Hindus), though its use as an indicator of the nation is debated.
India's bicameral parliament consists of the upper house called 'The Council of States' (Rajya Sabha) and the lower House called 'The House of the People' (Lok Sabha), both of which were established by the Constitution of India.
India is home to several major rivers such as the Ganga (anglicized to Ganges), the Brahmaputra, the Yamuna, the Godavari and the Krishna.
wiki.tatet.com /India.html   (3084 words)

  
 ICRA rating rational - State Bank of India   (Site not responding. Last check: 2007-11-05)
The bank has decided to maintain the duration of the portfolio at a level lower than the current level, as trading is easier in short dated securities, and this would reduce interest rate risk and asset liability mismatch.
A high CD ratio reduces the vulnerability to interest rate movements as the bank has to provide for investment depreciation on a smaller investment portfolio relative to its asset size, and the yield on advances is greater than the yield on investments.
Though the bank registered increased profits during 1997-98, the provision for tax was lower on account of the reduction in the rates of taxation by 5%.
www.debtonnet.com /icrarr/bffeb99sb.htm   (2889 words)

  
 rediff.com: State Bank of India fined $7.5 mn for 'unsafe practices'   (Site not responding. Last check: 2007-11-05)
US authorities have imposed a fine of $7.5 million on the State Bank of India for violation of banking laws and failure to maintain accurate records and the Indian entity has consented to comply with the penalty.
Federal and state banking regulators announced the issuance of a joint order Wednesday to cease and desist an Order of Assessment of a Civil Money Penalty and Monetary Payment against the SBI, Bombay and the bank's three branches in New York, Chicago and an agency in Los Angeles.
The Bank shall also provide to the supervisors the full names and addresses of the beneficial owners of all of the accounts that were the subject of the March 22, 2001 information request by the New York Reserve Bank to the New York branches, it said.
www.rediff.com /money/2001/nov/15sbi.htm   (655 words)

  
 TCS - Press release > State Bank of India awards prestigious Centralized Core Banking System Project to Tata ...
Over the next 2-3 years, core banking will be rolled out to over 3000 branches of SBI and its 7 associate banks, bringing the benefits of modern technology to customers in over 250 cities and towns.
The B@NCS-24 to be implemented in SBI is a state of the art core banking system which has been successfully implemented in 40 countries across the world in more than 50 banks.
The bank has a vast domestic network of 9019 branches (approximately 14% of all bank branches) and commands one-fifth of deposits and loans of all scheduled commercial banks in India.
www.tcs.com /0_media_room/releases/200205may/20020517_sbi.htm   (855 words)

  
 State Bank of India: Banknet India
State Bank of India is the largest bank in India in terms of profits, assets, deposits, branches and employees.
State Bank of India is the successor to Imperial Bank of India.
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).
www.banknetindia.com /banking/sbi.htm   (620 words)

  
 Rediff On The NeT: Chat featuring P G Kakodkar, State Bank of India chairman
he State Bank of India is the largest commercial bank in India, with over 8,000 branches, visible in every small town across the length and breadth of India, and accounting for 20 per cent of all banking business in the country.
The genesis of the State Bank occurred in the early 19th century, when the three Presidency banks -- Bank of Bengal, Bank of Bombay, and Bank of Madras -- were set up.
These three banks were merged in 1921 to form the Imperial Bank of India, which became the State Bank of India in 1955.
specials.rediff.com /chat/sbichat.htm   (545 words)

  
 India's State Bank Opens New Branch on Mizoram-Burma Border   (Site not responding. Last check: 2007-11-05)
However, banks operating in the region were not willing to open more branches because of threats posed by the growing insurgency problem.
After long negotiations led by different trade bodies of northeast India, the Reserve Bank of India has lately agreed to grant permission to the country's leading banks to open bank branches along the international border to help the traders.
Another of India's leading banks, the United Bank of India (UBI), has provided training to the bank officials in Burma on export and import transactions.
www.mizzima.com /archives/news-in-2004/news-in-may/30-may04-33.htm   (336 words)

  
 State Bank of India, Chicago
Interest rates applicable to NRI Deposits held in Branches of State Bank of India in India.
These deposits are held in India and are accepted in accordance with Reserve Bank of India and State Bank of India's programs for Non Resident Indians.
These are not the obligations of State Bank of India in USA and there is no recourse against Bank's branches located outside India.
www.sbichicago.com /SBI_NRIRates.htm   (181 words)

  
 State Bank of India, Indian Banks, SBI, State Bank India New York, State Bank India California, State Bank India San ...   (Site not responding. Last check: 2007-11-05)
The State Bank of India is the largest commercial bank in India in terms of profits, assets, deposits, branches and employees.
In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India.
In 1955, the controlling interests of the Imperial Bank of India were acquired by the Reserve Bank of India and the State Bank of India was created by an act of Parliament to succeed the Imperial Bank of India.
www.indiaserver.com /biz/iebo/main.htm   (431 words)

  
 State Bank of India awards Centralized Trade Finance System Project to Tata Consultancy Services   (Site not responding. Last check: 2007-11-05)
State Bank of India has selected Tata Consultancy Services (TCS), Asia's largest global software solutions and IT consulting company, to supply, customise and implement the Centralized Trade Finance System.
It is also a tribute to the capabilities of our team that we have managed to bag two large projects from the State Bank of India this year.
The bank has a vast domestic network of 9,019 branches (approximately 14 per cent of all bank branches) and commands one-fifth of deposits and loans of all scheduled commercial banks in India.
www.prdomain.com /companies/t/tcs/news_releases/200210oct/pr_20021004.htm   (672 words)

  
 State Bank of India - Colombo   (Site not responding. Last check: 2007-11-05)
Serving the Sri Lankan community sine 1864, State bank of India is the oldest bank established in Sri Lanka.
State Bank of India provides a range of products and services to our customer base scattered around the world.
Copyright © 2003 State Bank of India - Colombo Branch.
www.statebankofindia.net   (170 words)

  
 Disclaimer- State Bank of India, U.S.
State Bank of India may not be able to provide all the services described all the time.
State Bank of India is the sole authority to determine the eligibility for any product or services.
State Bank of India also disclaims any liability associated with any virus, which may affect a user's computer equipment.
www.statebank.com /disclaimer.htm   (281 words)

  
 State Bank of India to acquires Indian Ocean- The Times of India   (Site not responding. Last check: 2007-11-05)
State Bank of India to acquires Indian Ocean
After talking about it for several months, State Bank of India (SBI), the country's largest commercial bank, announced its first overseas acquisition on Thursday but declined to give details.
The government, especially finance minister P Chidambaram, too is keen on seeing Indian banks growing in size to compete with global majors.
timesofindia.indiatimes.com /articleshow/1010696.cms   (196 words)

  
 State Bank of India (California) : PRIVACY POLICY   (Site not responding. Last check: 2007-11-05)
Protecting your privacy is important to State Bank of India (California) and its employees.
When you visit our website, or use our electronic banking services, there may also be times when you are asked to provide information about you that is personally identifiable.
Personally identifiable information might be needed or requested from you for you to register for banking or other services, or to fill out our forms or applications for services (such as credit cards), for special promotions or contests, or to accomplish transactions you request (such as bill payment or other banking services).
www.sbical.com /privacy.htm   (1008 words)

  
 STATE BANK OF INDIA :: INDIA's LARGEST BANK
The State Bank Academy (SBA), formerly known as State Bank Staff College was set up at Gurgaon, on the 18th November, 1982.
It is a key institutional resource and is recognised within the Indian Banking fraternity as a reputed centre for training middle and senior management officials of the State Bank group and other organisations in India and abroad.
State Bank Academy has its own sprawling premises in Sector 18, Gurgaon, near the IFFCO crossing on the road connecting NH-8 and the old Delhi-Gurgaon road, about 17 kms.
www.sbi.co.in /viewsection.jsp?id=0,12,177,199,239   (2178 words)

  
 State Bank of India Personal Banking Branch   (Site not responding. Last check: 2007-11-05)
Bank deposits are free from wealth tax in India.
Income in India like rent, dividend, interest etc. can be credited to the account subject to submission of an appropriate Chartered Accountant Certificate.
Provision for rescheduling of repayment obligations if you return to India or propose to take up a vocation in India (with provision to avail longer repayment period of upto 15/20 years depending upon your age).
www.sbipersonalbanking.com /nri.html   (1653 words)

  
 State Bank of India   (Site not responding. Last check: 2007-11-05)
The State Bank of India has been the main official supplier of gold in India for many years, although the amount handled was small until the late 1990s, when full liberalisation of the Indian market allowed international bullion banks to put stocks in India.
Today, however, the bank is the main importer of the 500-600 tonnes (16-19 m oz) gold taken up by India annually.
The Reserve Bank of India, which oversees gold regulations, has a 59.73% stock holding in the State Bank.
info.goldavenue.com /Info_site/in_who/in_who_sbi.html   (104 words)

  
 SBI to foray into non-life insurance, infotech- The Times of India   (Site not responding. Last check: 2007-11-05)
AHMEDABAD: State Bank of India will apply for permission to set up a non-life insurance company even as it is preparing to shortly launch its infotech venture.
So, the bank is now planning to approach the government and the Reserve Bank of India (RBI) for permission to float a general insurance company," he added.
The bank had bought the CBS software from an Australian company and then got it customised for the bank's use with assistance from Tata Consultancy Services.
timesofindia.indiatimes.com /articleshow/1010242.cms   (406 words)

  
 Amazon.ca: Books: The Evolution of the State Bank of India: The Era of the Imperial Bank of India, 1921-1955   (Site not responding. Last check: 2007-11-05)
The Evolution of the State Bank of India: The Era of the Imperial Bank of India, 1921-1955
This book is primarily a history of the working of the Imperial Bank of India, the foremost bank of the Indian subcontinent, during the years 1921 to 1955.
It is principally based on the vast archival materials of the State Bank of India, which have never been accessed before.
www.amazon.ca /exec/obidos/ASIN/0761996966   (350 words)

  
 The State Bank of India and Citibank, N.A.: Admin. Proc. Rel. No. 33-8036 / November 19, 2001
SBI, the largest commercial bank in India, was incorporated under the State Bank of India Act of 1955 and is headquartered in Mumbai, India.
On or about July 8, 1998, SBI announced that Subsidiary, the leading merchant bank and securities underwriter in India, would be the "lead arranger" of the RIB offering and that Subsidiary was appointed to retain various entities throughout the world to act as "brokers" and "sub-brokers" to market RIBs worldwide.
These marketing materials also stated that: (1) the RIBs are free of income, wealth and gift taxes in India; (2) the RIBs are "easily transferable" by "signature and delivery;" and (3) the proceeds of the RIBs would be used to finance infrastructure projects in India.
www.sec.gov /litigation/admin/33-8036.htm   (2487 words)

  
 Indiainfoline.com State Bank of India Ltd   (Site not responding. Last check: 2007-11-05)
While, most of the other banks have been focussing on fee based income to increase their revenues, SBI is still largely driven by interest income.
The operating expenses of the bank have increased by 16% to Rs33bn as against Rs28bn.
Domestic deposits of the bank stood at Rs1760bn at the end of September 2000 with an almost 20% share of ASCB deposits.
www.indiainfoline.com /comp/stat/me319.html   (1016 words)

  
 STATE BANK OF INDIA   (Site not responding. Last check: 2007-11-05)
I/We authorise the bank to automatically renew the deposit on the due date for an identical period unless the instruction to the contrary from me/us is received by the Bank before maturity.
I /We understand that the renewal will be in accordance with the provisions of the Reserve Bank of India scheme in force at the time of renewal.
I/We further understand that the interest applicable on renewals will be at the applicable ruling rates on the date of maturity and that the renewal will be noted on the deposit receipt on my/our presenting the same on the maturity date or later for renewal/payment.
www.namasthenri.com /banks/sbi1.htm   (440 words)

  
 State Bank of India
State Bank of India, Mumbai Main Branch Building, Mumbai Samachar Marg, Fort, Mumbai 400 023
Notice is hereby given that a Special General Meeting of the Members of State Bank of India Employees’ (M.S.Patel) Co-op.
Such adjourned meeting shall be held on same day to transact the same agenda at the said venue, irrespective of the quorum.
www.sbimspatel.com /notice190205.htm   (130 words)

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