State Bank of India Branch
Banks In India Latest News And Updates
Forbes has named State Bank of India Chairperson Arundhati Bhattacharya in its annual 100 Most Powerful Women list, with a ranking of 30 in the world, a statement said in Mumbai on Wednesday. The Kolkata-born Bhattacharya, 59, has moved up six spots (from No.36) in the list from her ranking last year and is the SBI's first woman chairperson since October 2013. As SBI chairperson, she oversees 220,000 staff in 16,000 branches which service 225 million customers as India's largest lender with offices in more than 36 countries. Under her stewardship, the SBI with assets worth $400 billion, undertook various initiatives in technology banking such as sbiINTOUCH digital banking outlet, BI Tech Learning Centres for educating customers and SBI e-Pay, a payment aggregator service. Source: IANS
India's largest commercial bank State Bank of India (SBI) on Thursday inked an initial seller financing agreement with e-commerce portal Snapdeal. Under the agreement, SBI would offer credit to sellers registered on the e-commerce portal at easier interest rates. However, bank chairman Arundhati Bhattacharya said that the interest rates to the sellers as well as their creditworthiness would be based on the "profiles" submitted by Snapdeal to SBI. "One of the biggest problems (for small-scale sellers) is liquidity (of money). If people don't have liquidity, no matter what business, it (the business) cannot exist. That is what we would like to provide," Bhattacharya told mediapersons in Kolkata. Source: IANS
The State Bank of India (SBI) and Amazon.in on Wednesday signed a pact to identify areas of cooperation to build a digital India which meets the aspirations of the next generation of customers and small businesses. SBI and Amazon.in will develop trusted and frictionless payments and commerce solutions for customers and small businesses, capitalizing on the exponential growth in internet penetration to drive the adoption of e-commerce and m-commerce in India, a statement said. "As the premier bank of the country, we are always exploring ways to fulfill the aspirations of our millions of customers. Our partnership with e-commerce platforms like Amazon would give a fillip to e-commerce in India and brings lots of value to our retail and SME customers," said SBI chairman Arundhati Bhattacharya. Source: IANS
The decision of SAT about admitting or rejecting the appeal of SBI Life Insurance Company Ltd. against IRDAI's order to refund around Rs.275 crore to its policy holders is being awaited keenly by insurers, said officials. The admission of the appeal by SAT may even result in a turf war as insurance regulator might prefer an appeal in the Supreme Court against the decision. The Securities Appellate Tribunal (SAT) is likely to hear SBI Life's appeal case on May 5 to decide whether it could be admitted or not. Necessary notice has been issued to IRDAI. SBI Life is a 74:26 joint venture between the State Bank of India (SBI) and BNP Paribas Cardif of France. "It is an interesting case to watch. It could also be a trend-setter," a senior official of private insurer told media preferring anonymity. Source: IANS
The Securities Appellate Tribunal (SAT) is likely to hear on May 5 SBI Life Insurance Company Ltd.'s appeal against insurance sector regulator's orders to refund around Rs.275.29 crore to its policy holders, according to the SEBI website. SBI Life is the first insurer to approach SAT against Insurance Regulatory and Development Authority of India's (IRDAI) penalty order. "SBI Life has preferred an appeal to SAT. SBI Life has informed of their filing appeal with SAT vide their letter dated April 6," D.D. Singh, member (distribution) at IRDAI, said earlier. SBI Life is a 74:26 joint venture between the State Bank of India (SBI) and BNP Paribas Cardif of France. In February 2015, IRDAI chairman T.S. Vijayan directed SBI Life to implement its March 2014 order to refund Rs.275.29 crore of excess commission to the policy holders within 45 days from the date of his letter. This period expired in April. Source: IANS
Corporate Details:This site provides comprehensive information on State Bank of India Branch, the premier Nationalized Indian Bank Branches. State Bank of India Branches along with its parent bank State Bank of India - is actively involved since 1973 with Indian Banking Industry.
State Bank of India Branch has the highest number of branches amongst all public and private sector players operating in India. State Bank of India is India's largest bank amongst all public and private sector banks operating in India.
Activities:SBI Branches are categorized by product / service offered by it, such as:
- Core Banking Branches.
- Domestic Forex Branches.
- Internet Banking Branches.
- Real Time Gross Settlement Branches.
Below is the list of branches by branch type -
- Agricultural Business branches.
- Agricultural Development branches.
- Commercial Branches.
- Corporate Accounts Group branches.
- Industrial Finance branches.
- Main Branches.
- Mid Corporate Group branches.
- NRI Banking branches.
- Other branches.
- Overseas branches.
- Personal Banking branches.
- Rehabilitation & Recovery branches.
- Service branches.
- SSI / SIB branches.
SBI Branches offers the following services to its customers -
- Domestic Treasury.
- SBI Vishwa Yatra Foreign Travel Card.
- Broking Services
- Revised Service Charge.
- ATM Services.
- Internet Banking.
- Safe Deposit Lockers.
- Gift Cheques.
- MICR Codes.
- Foreign Inward Remittances.
Performance:State Bank of India Branch had Total Income of Rs 68376.83 crore for the financial year 2006 -07. State Bank of India Branch has posted Net Income to the tune of Rs 6364.38 crore or the financial year 2006 -07.
Organization:State Bank of India Branch group is headed by Mr. Shri O. P. Bhatt, Chairman. State Bank of India Branch and its parent bank - State Bank of India employs around 2,20,000 personnel. State Bank of India Branch Central Office is located at:
Central OfficeMumbai – 400 021
Telephone No. 22029456 / 22029451.
Fax no. 22885369.
Web Site: www.sbi.co.in