SBI Commercial and International Bank Ltd.is a fully owned subsidiary of SBI (State Bank Of India). State Bank of India is a leading financial and banking services group in India. SBICI Bank is a technology-driven and customer-focused bank, which has been awarded an ISO-9002 certification.
SBI Commercial and International Bank Ltd being a small bank is capable of attending to customer needs promptly and efficiently. At the same time, since the bank belongs to the financially strong and large SBI group, the bank uses this leverage for gaining in an extensive reach in both the national and overseas markets.
SBI Commercial and International Bank Ltd. offers a comprehensive list of financial product services. Some SBICI product services are listed below.
Deposit schemes
Exchange Control matters
NRI information
Corporate loans
Personal loans
Remittance Facilities
Tele Banking services
ATM facilities
Net Banking facilities
Some SBI Commercial and International Bank Ltd deposit schemes are also enlisted below.
Savings account
Recurring Deposits
Current account
FCNR(B) deposits
Fixed Deposits
NRE accounts
It may be noted that, both the Corporate and personal loan hampers of SBICI comprise a host of value added products.
In conclusion, the SBI Commercial and International Bank Ltd. is a small but competent bank belonging to the SBI Group. The bank is tech savvy. It provides customers with a host of value added services. SBICI personnels give utmost priority to customer service.
Some performance highlights of the bank for the March 2008 year ending are listed below.
Table 1: Financial performance of SBICI for March 2008 year ending
Item
Value ( Rs. in Crores )
Paid-Up Capital
100.00
Net Profit / (Loss)
12.85
Reserves
14.53
Operating Profit
12.37
Reserves
14.53
No. of Loss making Branches
0
Contact Bank
SBI Commercial and International Bank Ltd.
Corporate headquarters
Maker Chambers III,
Nariman Point,
Mumbai-400021.
India.
