State Bank Of India

2. STATE BANK OF INDIA

3. EVOULTION OF STATE OF
INDIA
Theorigin of SBI goes back to the first
decade of the nineteenth century with
establishment of the bank of Calcutta
in Calcutta on 2
nd
1806.
Three years later bank received its
charter and was redesigned as the
Bank of Bengal.
The Bank of Bombay and bank of
Madras followed the bank of Bengal.

4. CONT…
THESE THREE BANKS REMAINED AT
THE APEX OF MODERN BANKING IN
INDIA TILL THEIR AMALGAMATION
AS THE IMPERIAL BANK OF INDIA ON
27
TH
JANUARY 1921.

5. Mission Statement
To retain the banks position as the
premier Indian financial services.
Group with world class standards
and significant global business
commitment to excellence in
customer, shareholder and employee
satisfaction and to play a leading role
in the expanding and diversifying
financial services sector while
continuing emphasis on its
development banking role.

6. Vision Statement
Premier Indian financial services group with
global perspective, world class standards of
the efficiency and professionalism and core
institutional values.
Retain its position in the country as a pioneer
in developing countries.
Maximize shareholder value through high
sustained earnings per share.
An institution with a culture of mutual care
and commitment a satisfying and exciting.
Work environment and continuous learning
opportunity.

7. Values
Excellence in customer service.
Profit orientation.
Belonging and commitment to the bank.
Fairness in all dealings and relations.
Risk taking and innovation.

8. CONTINUE
Team-playing.
Learning and renewal.
Integrity.
Transparency and discipline in policies
and systems.

9. STRATEGY ADOPTED BY STATE BANK OF
INDIA
Institution for advanced learning :
To provide state of the art training in
financial products to middle level and senior
level executives.
Internal consultant/change agent :
To act as catalyst for change in attitudes
and orientation of banking staff and to
provide expertise and consultative support.

10. Continue
Feedbacksupplier:
Tocaptureandstructurefeedbackfrom
traineesandfromthemarket.
ThinkTank:
Toprovideexpertand informed
suggestions, model business
strategies,analysisofmarketdevelopments
fromabankerperspective.

11. CONTINUE
Research and development role :
To carry out research on
contemporary subjects which are relevant
to the banks short term and medium term
and operational needs and policy
formulation.
Overlapping staff training centers :
To liaise, validate and closely monitor
the staff training centers in seven circles
attached to the academy

12. New Business undertaken by SBI
Due to competition from the private banks
and in order to serve the customers need as
well for the development of the economy
State Bank of India has been entered into the
new market.
Recently SBI has started two new service
providing areas they are :
SBI LIFE INSURANCE
SBI MUTUAL FUNDS
SBI MEDICAL INSURANCE .

13. SBI LIFE INSURANCE
oSBI Life Insurance is a joint venture
between the State Bank of India and Cardiff
SA of France.
oIt is registered with an authorized capital of
500 crore and a paid up capital of 350 crore.
SBI Life Insurance offers personal Insurance
and related services.
oThe strategy adopted by them is to provide
the customers the utmost benefit along with
the fulfillment of companies goal and
mission.

14. SBI MUTUAL FUND
SBIMutualFundisajointventurebetweenSBI
ANDSocieteGeneralAssetManagement,oneof
theworldsleadingfundmanagementcompanies
thatmanagesoverUS500$Billionworldwide.
Theyofferusservicesofexpertand
experiencedfundmanagerstohelpuscreatea
portfolioofequity,debtorbalancedbased
investmentsin36activeschemesofmutual
fundsonoffer.
Growththroughinnovationandstable
investmentpoliciesistheSBIMFCredo.

15. Conclusion
State Bank Of India earlier known as Imperial
Bank has proved its existence through
introducing various innovative schemes and
that also are considered as competitive in
present market.
At the same time we can conclude that they
need to focus on their human resources in
order to achieve the maximum market share.

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