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About State Bank of India

"State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. 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 Reserve Bank of India acquired the controlling interests of the Imperial Bank of India. In the year 1955, the Government of India nationalized the Imperial Bank along with the Reserve Bank of India. Ever since that time, the bank acquired its present name that is SBI.

The SBI group consists of SBI and five associate banks. The group has an extensive network; with over 20,000 plus branches in India and another 191 foreign offices spread over 36 countries across the world. As of 31st March 2015"

Highlights

“Most Admired Infrastructure Financier” Award by KPMG,

“Top Public Sector Bank under SME Financing” by Dun and Bradstreet

“Most Preferred Housing Loan” and “Most Preferred Bank” in the CNBC AWAAZ Consumer Awards

Best use of Technology in Financial Inclusion, 2014

Asia’s Best CSR Practices Award-2013- Singapore by CMO Asia

Asian BFSI Awards-2013,Dubai by Asian Leadership Awards

18-09-2018, 13:04
State Bank of India current account minimum balance Rs 10000 for urban, Rs 5000 for non rural and Rs 2500 for rural branch
Sate Bank of India offers current bank account for users like firms, companies, public enterprises, etc. According to SBI, current bank account is a form of demand deposit where wi ...
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06-09-2018, 19:27
Bank of Baroda raises MCLR by 5 bps Effective from 07-09-2018
Bank of baroda one-year MCLR now stands at 8.55%. MCLRs for other tenures range between 8.05% and 8.4%. The revised rates come into effect on 07-09-2018.
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06-09-2018, 18:57
For State Bank of India YONO bank account, Zero balance feature may continue for digital accounts
State Bank of India chairman has clarified that the zero balance feature for digital accounts opened through the YONO app will be valid up to March 2019.
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06-09-2018, 18:54
State Bank of India increases MCLR by 20 bps across all tenors up to three years
SBI Marginal Cost of Funds Based Lending Rate for a 1 year tenor increased to 8.45% from 8.25% earlier. Most of the retail loans are bench marked against 1 MCLR. The MCLR for a 3 y ...
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20-08-2018, 15:37
NEFT charges for money transfer in SBI, HDFC bank, ICICI bank, Axis bank, PNB bank up to Rs 10,000 - Rs 2.5 and Above 2 Lakh Rs 25
National Electronic Funds Transfer (NEFT) charges for money transfer in SBI, PNB, Axis, HDFC bank, ICICI bank are Up to 10,000 is Rs 2.5/-, From 10,000 to 1 Lakh is Rs 5/-, From 1 ...
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10-08-2018, 18:50
HDFC Hikes Interest Rates on Home Loans By 20 Basis Points
Mortgage lender HDFC on Thursday increased interest rates on Home Loans by 20 bps. As per the new rates, women borrowers can avail a home loan of up to Rs 30 lakh at 8.7% while oth ...
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