STATE BANK OF INDIA

About SBIThe State Bank of India (SBI) is the largest banking and financial services company in India by revenue, assets and market capitalization.As of March 2011, it had assets of US$370 billion with over 13,000 outlets including 150 overseas branches and agents globally.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.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.

About SBIThe State Bank of India is the largest of the Big Four banks of India, along with ICICI Bank, Punjab National Bank and HDFC Bank—its main competitors.The State Bank of India was founded on July 1,1955.It’s revenue is US$ 32.44 billion, profit US$ 2.34 billion, total assets amounting US$369.56 billion and total equity US$ 18.71 billion.It provides employment to 2,22,933 people all over the world.SBI is ranked #292 globally in Fortune Global 500 list in 2011.The State Bank Group, with over 16,000 branches, has the largest banking branch network in India.It also has around 130 branches overseas.The State Bank of India is the 29th most reputed company in the world according to Forbes.

History of SBIThe roots of the State Bank of India lie in the first decade of 19th century, when the Bank of Calcutta, later renamed the Bank of Bengal, was established on June 2, 1806.The Presidency banks amalgamated on January 27, 1921, and the re-organized banking entity took as its name Imperial Bank of India.Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve Bank of India, which is India's central bank, acquired a controlling interest in the Imperial Bank of India. On April 30, 1955, the Imperial Bank of India became the State Bank of India.

Associated banksState Bank of Bikaner & JaipurState Bank of HyderabadState Bank of IndoreState Bank of MysoreState Bank of PatialaState Bank of SaurashtraState Bank of TravancoreBank of Cochin

Non-bankibg subsidiariesSBI Capital Markets Ltd.SBI Funds Management Pvt. Ltd.SBI Factors & Commercial Services Pvt. Ltd.SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)SBI DFHI Ltd.SBI Life Insurance Company Ltd.SBI General Insurance

Current Board of DirectorsPratip Chaudhuri (Chairman)Hemant G. Contractor (Managing Director)Diwakar Gupta (Managing Director)A Krishna Kumar (Managing Director)Dileep C Choksi (Director)S. Venkatachalam (Director)D. Sundaram (Director)Parthasarathy Iyengar (Director)Jyoti Bhushan Mohapatra (Workmen Employee Director )G. D. Nadaf (Officer Employee Director)Rashpal Malhotra (Director)D. K. Mittal (Director)Subir V. Gokarn (Director)Deepak Ishwarbhai Amin (Director)

Branches of SBIState Bank of India has 172 foreign offices in 37 countries across the globe.SBI has about 25,000 ATMs (25,000th ATM was inaugurated by the then Chairman of State Bank Shri O.P. Bhatt on 31 March 2011, the day of his retirement); and SBI group(including associate banks) has about 45,000 ATMs.SBI has 21,500 branches, including branches that belong to its associate banks.SBI includes 99345 offices in India.

EmployeesSBI has provided employment to 222,933 people all over the world.SBI has turned into the third-largest employer in India among listed companies after Coal India Limited(383,347) and Tata Consultancy Services(226,751).

Recent awards and recognitionsBest Online Banking Award, Best Customer Initiative Award & Best Risk Management Award (Runner Up) by IBA Banking Technology Awards 2010The Bank of the year 2009, India (won the second year in a row) by The Banker MagazineBest Bank – Large and Most Socially Responsible Bank by the Business Bank Awards 2009Best Bank 2009 by Business IndiaThe Most Trusted Brand 2009 by The Economic TimesMost Preferred Bank & Most preferred Home loan provider by CNBCVisionaries of Financial Inclusion By FINOAccording to The Brand Trust Report, 11th most trusted brand in India.Technology Bank of the Year by IBA Banking Technology Awards

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