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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

28-07-2017, 17:55
HDFC Bank Rationalizes ATM Network
For the first time, HDFC Bank has shrunk its ATM network by shutting down machines that were not seeing enough footfalls. The bank has attributed this to a shift in customer behavi ...
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27-07-2017, 17:13
Banks may cut UPI charges for marchents
The government will push for a drop in account-to-account platform charges for merchants in the low-value segment. The government has also extended benefits under the referral sche ...
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26-07-2017, 17:10
National Payments Corporation of India Said, Digital Transactions in all co-operative banks by March 2018
The National Payments Corporation of India said all co-operative banks in the country would be part of digital transactions by march 2018
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22-07-2017, 17:27
Carlyle affiliate to buy 26 percent in State Bank Of India Credit Cards JVs
An affiliate of buyout firm Carlyle will buy a 26 percent stake in each of two credit card joint ventures of State Bank of India.
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21-07-2017, 17:08
ICICI bank offers up to Rs 15 lakh instant personal loan through ATMs
ICICI bank will be selling personal loans of up to Rs 15 lkh through its ATMs that can be availed of by select salaried customers even if they have not previously applied for one ...
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21-07-2017, 17:04
IFC invests Rs 130 crore in Avas financiers
IFC invested Rs 130 crore in Jaipur based Avas financiers to extend home loans to low income consumers in rural and semi urban areas who have little or no access to mortgage financ ...
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