New Microsoft Office Word 97 - 2003 Document

The evolution of State Bank of India can be traced back to the first decade of the 19th century.
It began with the

establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was redesigned as the Bank of Bengal,
three years later, on 2 January 1809. It was the first ever joint-stock bank of the British India, established under the
sponsorship of the Government of Bengal. Subsequently, the Bank of Bombay (established on 15 April 1840) and the
Bank of Madras (established on 1 July 1843) followed the Bank of Bengal. These three banks dominated the modern
banking scenario in India, until when they were amalgamated to form the Imperial Bank of India, on 27 January 1921.
An important turning point in the history of State Bank of India is the launch of the first Five Year Plan of independent
India, in 1951. The Plan aimed at serving the Indian economy in general and the rural sector of the country, in
particular. Until the Plan, the commercial banks of the country, including the Imperial Bank of India, confined their
services to the urban sector. Moreover, they were not equipped to respond to the growing needs of the economic
revival taking shape in the rural areas of the country. Therefore, in order to serve the economy as a whole and rural
sector in particular, the All India Rural Credit Survey Committee recommended the formation of a state-partnered and
state-sponsored bank.
The All India Rural Credit Survey Committee proposed the take over of the Imperial Bank of India, and integrating
with it, the former state-owned or state-associate banks. Subsequently, an Act was passed in the Parliament of India
in May 1955. As a result, the State Bank of India (SBI) was established on 1 July 1955. This resulted in making the
State Bank of India more powerful, because as much as a quarter of the resources of the Indian banking system were
controlled directly by the State. Later on, the State Bank of India (Subsidiary Banks) Act was passed in 1959. The Act
enabled the State Bank of India to make the eight former State-associated banks as its subsidiaries.
The State Bank of India emerged as a pacesetter, with its operations carried out by the 480 offices comprising
branches, sub offices and three Local Head Offices, inherited from the Imperial Bank. Instead of serving as mere
repositories of the community's savings and lending to creditworthy parties, the State Bank of India catered to the
needs of the customers, by banking purposefully. The bank served the heterogeneous financial needs of the planned
economic development.
Branches
The corporate center of SBI is located in Mumbai. In order to cater to different functions, there are several other
establishments in and outside Mumbai, apart from the corporate center. The bank boasts of having as many as 14
local head offices and 57 Zonal Offices, located at major cities throughout India. It is recorded that SBI has about
10000 branches, well networked to cater to its customers throughout India.
ATM Services
SBI provides easy access to money to its customers through more than 8500 ATMs in India. The Bank also facilitates
the free transaction of money at the ATMs of State Bank Group, which includes the ATMs of State Bank of India as
well as the Associate Banks – State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Indore, etc.
You may also transact money through SBI Commercial and International Bank Ltd by using the State Bank ATM-
cum-Debit (Cash Plus) card.
Subsidiaries
The State Bank Group includes a network of eight banking subsidiaries and several non-banking subsidiaries.
Through the establishments, it offers various services including merchant banking services, fund management,
factoring services, primary dealership in government securities, credit cards and insurance.
The eight banking subsidiaries are:
• State Bank of Bikaner and Jaipur (SBBJ)

• State Bank of Hyderabad (SBH)
• State Bank of India (SBI)
• State Bank of Indore (SBIR)
• State Bank of Mysore (SBM)
• State Bank of Patiala (SBP)
• State Bank of Saurashtra (SBS)
• State Bank of Travancore (SBT)
Products And Services
Personal Banking
• SBI Term Deposits SBI Loan For Pensioners

• SBI Recurring Deposits Loan Against Mortgage Of Property
• SBI Housing Loan Loan Against Shares & Debentures
• SBI Car Loan Rent Plus Scheme
• SBI Educational Loan Medi-Plus Scheme
Other Services
• Agriculture/Rural Banking
• NRI Services
• ATM Services
• Demat Services
• Corporate Banking
• Internet Banking
• Mobile Banking
• International Banking
• Safe Deposit Locker
• RBIEFT
• E-Pay
• E-Rail
• SBI Vishwa Yatra Foreign Travel Card
• Broking Services
• Gift Cheques
Contact
State Bank Of India
Corporate Centre
Madam Cama Road
Mumbai 400 021
India
Website: www.statebankofindia.com
SBI Credit Card or State Bank of India Credit Card ffers you exclusive deals and convenience of cashless
shopping with complete online payments and balance transfer solutions and all this come with redeemable
reward points system. The benefits and features of State Bank of India credit cards do not end here.
The available SBI Credit Cards are:
SBI Silver, Gold & Platinum Card and SBI partnership cards that include Go Air, Hero Honda, LG, SBI
Advantage Card, SBI Card For Doctors, Employee Card, Lifestyle Card, Railway Card, Vishal Mega Mart Card,
Social Card, UBI Cards, SpiceJet SBI Card and more.
SBI Credit Card Payment
The exclusive offers on the above State Bank of India Credit Cards are free insurance covers, low interest on
balance transfers, easy bill payments solutions, 0% surcharge across all petrol pumps, flexible payment
solutions, special discount offers, Teledraft facility, special reward points system and many more
SBI Credit Card Online
The SBI credit cards online services include online account operations that include online balance transfer,
checking account status, generating e-statement, 24-hour customer service, and SBI credit card login online
to get details of your past transactions. These are just some of the benefits you derive from your State Bank
of India credit card.
SBI Credit Card Customer Care
You get cashless shopping facility and reward points for every purchase you make. On accumulating a
substantial amount of reward points, you can redeem the points for cash or gifts benefits. You can dial up
the All India Toll Free Number for SBI Customer Care Service to enquire about the ongoing interest rates,
and details of the process of how to apply for SBI credit card online. State Bank provides various payment
channels for the credit cards bill payments. These include online bill payment services called Paynet and e-
Pay, drop boxes at all SBI branches and ATMs, VMT (Visa Money Transfer), cash payments at easy bill
merchant outlets, or ECS that enables debit from your SBI savings or current account.

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The evolution of State Bank of India can be traced back to the first decade of the 19th century.

It began with the

The eight banking subsidiaries are:

• State Bank of Bikaner and Jaipur (SBBJ)

Products And Services

• SBI Term Deposits SBI Loan For Pensioners

The available SBI Credit Cards are:

SBI Credit Card Payment

SBI Credit Card Online

SBI Credit Card Customer Care

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