# 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 merged
to form the Imperial Bank of India.
# In 1955, the Reserve Bank of India acquired the
controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the
Imperial Bank of India.
#
State Bank of India (SBI) is a multinational banking and financial services
company based in India. It is a government-owned corporation with its
headquarters in Mumbai, Maharashtra.
# In 1959, the government passed the State Bank of India
(Subsidiary Banks) Act, which made 8 state banks associates of SBI. In 1963, State
Bank of Bikaner and State Bank of Jaipur were merged to form State Bank of
Bikaner & Jaipur (SBBJ).In 13 September 2008, State Bank of Saurashtra
merged with the parent bank – SBI. In 2010, State Bank of Indore was merged
with SBI.
# The logo of the State Bank of India is a blue circle
with a small cut in the bottom that depicts perfection and the small man the
common man - being the center of the bank's business.
# Slogans: "PURE BANKING, NOTHING ELSE",
"WITH YOU - ALL THE WAY", "A BANK OF THE COMMON MAN",
"THE BANKER TO EVERY INDIAN", "THE NATION BANKS ON US"
# As of December 2013, it had assets of US$388 billion
and 17,000 branches, including 190 foreign offices, making it the largest
banking and financial services company in India by assets.
# SBI group consists of SBI and 5 associate banks.
1. State Bank of Bikaner & Jaipur
2. State Bank of Hyderabad
3. State Bank of Mysore
4. State Bank of Patiala
5. State Bank of
Travancore
Courtesy-www.sapost.blogspot.in
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