The State Bank of India is the
largest commercial bank in India in terms of profits, assets, deposits,
branches and employees.
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
controlling interests of the Imperial Bank of India were acquired by the
Reserve Bank of India and the State Bank of India was created by an act
of Parliament to succeed the Imperial Bank of India.
Structure and Organisation
The Bank has its Corporate Office at Mumbai. Its domestic operational
area is divided in 14 Circles, each with one Local Head Office and a few
Zonal and Regional Offices. The Bank's top management consists of the
Chairman, group executives for National Banking Group, Corporate Banking
Group, International Banking Group and Associates & Subsidiaries,
and four staff functionaries in charge of finance, credit, human
resources and technology management, and inspection and audit.
Three Strategic Business Units (SBUs) under the Corporate Banking Group
have been set up for focussed attention to very large corporate
customers, lease finance and project finance, all reporting directly to
the corporate office. Distinguishing features of the SBUs are
integration of operational planning with operations within each SBU, a
focussed delivery system with appropriate specialist inputs and focussed
attention on profitability.
Functionaries at various levels have been delegated higher financial
powers to ensure faster decision making in credit areas and disposal of
a large number of credit proposals at operating units' level. A
committee approach has been adopted, both at the apex and Circle levels,
for sanction of large advances. For this purpose, Central Office Credit
Committee and Circle Credit Committees have been set up. Credit and
systemic risk processes have been streamlined. Simplified and concise
credit appraisal formats have been designed to ensure improvement in the
quality of credit decisions, better quality of assets and reduction of
NPAs.
State Bank of India in USA
STATE BANK OF INDIA Downtown Service Branch, NY
Address: 39 Broadway, 8th Floor
City: New York
State: New York
Phone: (212) 785-6633
STATE BANK OF INDIA - Chicago Branch
Address: 19 South Lasalle Street, Suite 200
City: Chicago
State: IL
Phone: (312) 621-1200
STATE BANK OF INDIA - California
Address: 707 Wilshire Blvd, 19th Floor Suite 1995
City: Los Angeles
State: CA
Phone: (213) 623-7250
STATE BANK OF INDIA - Washington Representative Office
Address: 2001 Pennsylvania Avenue N.W. Suite 625
City: Washington
State: DC
Phone: (202) 223-5579
Visit Indian Website at:State
Bank of India