State Bank of India (Hindi: ) (SBI) (BSE: 500112, LSE: SBID) is the largest state-owned banking and financial

al services company in India, by almost every parameter revenues, profits, assets, market capitalization, etc. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. The Government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. With an asset base of $352 billion and $285 billion in deposits, it is a regional banking behemoth. It has a market share among Indian commercial banks of about 20% in deposits and advances, and SBI accounts for almost one-fifth of the nation's loans.[2] The State bank of India is the 10th most reputed company in the world according to Forbes.[3]
SAVINGS ACCOUNT (Local, NRE & NRO) SCHEME Do you want to save, earn interest and spend as you desire? Open a savings account. You can withdraw the money whenever you need either through a withdrawal form or by a cheque. In case you are out of town and would still like payments to be made regularly, like school fees, society charges etc., then just register your standing instructions with the Bank and payments will be made by us on time. A Power of Attorney holder can be authorised to operate on your local / NRE / NRO accounts while you are away abroad and all local payments can be made by the POA on your behalf. ELIGIBILITY Any resident/non-resident individual either singly or jointly in Indian rupees. Trusts, Associations, clubs, societies, charitable organisations. MINIMUM BALANCE NIL RATE OF INTEREST 3.5% p.a. as per the Reserve Bank of India's guidelines. Interest is calculated on the lowest balance between the 11th & the last day of the month. The interest is payable half yearly i.e. in September and March.

CURRENT ACCOUNT (Local) SCHEME Does your company need a facility for frequent withdrawals/deposits? Do you need your high-value cheques to be

credited on the same day through a special clearing? Then a Current Account is the solution for you. ELIGIBILITY Individual Proprietorship, Partnership, Limited & Private Ltd. companies. MINIMUM BALANCE Rs.25, 000/RATE OF INTEREST Nil.

SCHEME Got a bonus? Sold a house? Made a killing on the market? Got your Provident Fund? Don't stash it under the mattress - put your money to work! Avail of our Fixed Deposit Schemes. Periodical interest payment or reinvestment plans. Watch your money grow! And when you need to spend it - just take a loan against your deposit at minimal rates.. ELIGIBILITY Individuals singly or jointly, companies, firms, associates, trusts, societies MINIMUM DEPOSIT Rs.10,000/PERIOD OF DEPOSIT 15 days up to 5 years RATE OF INTEREST As per the interest rate sheet. Deduction of tax as per the existing rule. DEPOSIT SCHEMES (NRE) SCHEME Your funds from abroad can earn interest for a fixed term and interest so earned can be reinvested or you have the option of withdrawing interest quarterly and giving it to your family members in India for their monthly expenses, school/college fees etc. The funds for opening these deposits must be remitted from abroad either in Indian Rupees, U.S.S, Stg.Pd, Euro or Jap. Yen. The currencies will be converted into Indian Rupees. For NRE deposits funds including interest can be repatriated anytime, anywhere and in any of the four currencies. ELIGIBILITY Non-resident individuals singly or jointly with other non-resident. MINIMUM DEPOSIT Rs.10, 000/RATE OF INTEREST As per the interest rate sheet DEPOSIT SCHEMES (FCNR)

SCHEME The fixed deposits are held in any one of the four currencies - U.S.S, Stg.Pd., Euro, Jap Yen. The amount has to be received from abroad and is fully repatriable. ELIGIBILITY Non-resident individuals singly or jointly with other non-resident. MINIMUM DEPOSIT Equivalent of U.S S 5000/-. RATE OF INTEREST As per the interest rate sheet. Attractive rates for U.S.S 30,000/- and above on daily fixation DEPOSIT SCHEME (RFC) SCHEME You have returned to India but want to retain your existing NRE & FCNR accounts or you have brought foreign exchange to India - you can open RFC account. Funds in RFC accounts can be remitted abroad for any bonafide purpose of the account holder or his dependents. RFC accounts can be withdrawn freely for local payments also. ELIGIBILITY Non-residents who have returned to India, after being resident outside India for a continuous period of not less than one year. MINIMUM DEPOSIT Equivalent of U.S S 5000/-. RATE OF INTEREST As per the interest rate sheet. DEPOSIT SCHEMES (NRE) SCHEME Your funds from abroad can earn interest for a fixed term and interest so earned can be reinvested or you have the option of withdrawing interest quarterly and giving it to your family members in India for their monthly expenses, school/college fees etc. The funds for opening these deposits must be remitted from abroad either in Indian Rupees, U.S.$, Stg.Pd, Euro or Jap. Yen. The currencies will be converted into Indian Rupees. For NRE deposits funds including interest can be repatriated anytime, anywhere and in any of the four currencies. ELIGIBILITY Non-resident individuals singly or jointly with other non-resident. MINIMUM DEPOSIT Rs.10,000/RATE OF INTEREST As per the interest rate sheet

RECURRING DEPOSITS (Local & NRE)

SCHEME Saving up for your child's higher education? Your daughter's wedding? That dream holiday abroad? Look no further. Turn your dreams into reality - open a recurring deposit account which accumulates your savings every month, at attractive interest rates. ELIGIBILITY An individual resident/non-resident either singly or jointly. MINIMUM DEPOSIT Rs.1,000/- per month PERIOD OF DEPOSIT One year upto 10 years RATE OF INTEREST As per the interest rate sheet. No tax deduction at source !!

DEPOSIT SCHEME (RFC) SCHEME You have returned to India but want to retain your existing NRE & FCNR accounts or you have brought foreign exchange to India - you can open RFC account. Funds in RFC accounts can be remitted abroad for any bonafide purpose of the account holder or his dependents. RFC accounts can be withdrawn freely for local payments also. ELIGIBILITY Non-residents who have returned to India, after being resident outside India for a continuous period of not less than one year. MINIMUM DEPOSIT Equivalent of U.S $ 5000/-. RATE OF INTEREST As per the interest rate sheet.

Functions
The State Bank of India acts as an agent of the Reserve Bank of India and performs the following functions: (1) Borrows money:- The Bank borrows money from the public by accepting deposits such as current account deposits, fixed deposits and savings deposits. (2) Lends money:- It lends money to merchants and manufacturers for short periods. It also lends to farmers and co-operative institutions. It lends mostly on the security of easily realizable commodities like rice, wheat, cotton, oil-seeds, cloth, gold and government securities. The Bank can lend against agricultural bills upto a maximum period of fifteen months and incase of other bills upto a maximum period of six months.

(3) Banker s Bank:-The State Bank of India acts as the banker s bank. In discharging this responsibility, the bank provides loans to commercial bank when required and also rediscount their bill. It also acts as the clearing house of the commercial bank. (4) Government s Bank:- The State Bank of India also acts as the agent of the Reserve Bank of India. As an agent, the State Bank of India maintains the treasuries of the State Government. The Bank also manages the debts floated by the State Governments. (5) Remittance:- The State Bank of India facilitates remittance of money from one place to another. It also helps in the transfer on the funds of the State and Central Government. (6) Functions as Central Bank:- The State Bank of India performs the functions of a Central Bank. (7) Subsidiary functions:- The State Bank performs various subsidiary services also. It collects checks, drafts, bill of exchange, dividends interest, salaries and pensions on behalf of its customers. It purchases and sells securities on behalf of its customer. It receives valuables and documents for safe custody and maintains safe deposit vaults.

1.Oxigen, SBI tie-up to provide banking solutions to unbanked

n a bid to provide banking solutions through the kiosks-based model to unbanked masses, electronic services provider Oxigen has tied-up with State Bank of India and plans to open 1,00,000 such points across the country by FY 13, a top company The initiative will help people, especially rural and poor, to open accounts, avail loans and make investments through web-based kiosks, that would be connected directly to the SBI Core Banking System by Oxigen Web Retailers. "The initiative is a part of the government's financial inclusion programme and we plan to cover about one-lakh villages across 10 states by FY 13. Each village will have one kiosk," Oxigen's Chairman and Managing Director Pramod Saxena told PTI on the sidelines of its Maharashtra launch here on Wednesday. With minimum documentation and a mere Rs 20, people can open no-frill accounts and deposit or withdraw up to Rs 10,000 a day besides providing remittance facility, he said. They can also get easy auto and gold loans. Oxigen along with the banking correspondent for the initiative -- Sahyog Micro Finance Foundation, had tied-up with SBI last month and launched its first project in the Delhi-NCR regions with 200 kiosks.

2.western union global payment services major, Western Union, has tied-up with State Bank of India [ Get
Quote ] to enable international direct cash-to-account transfers. Indians working and living overseas and general consumers holding SBI accounts will soon be able to send international cash transfers from Western Union directly into SBI online bankinglinked accounts following an agreement between SBI and the Western Union Company, a press release issued here on Thursday stated. This new arrangement allows consumers to send money from any one of the 3,70,000 global locations of Western Union straight into their SBI online account, thus complementing SBI's existing online remittance facility. Western Union's Account Based Money Transfer forms a part of Western Union's electronic channels strategy as the company seeks to offer a variety of ways to transfer money for existing and new customers. ABMT with SBI is the first electronic service of its kind to be introduced in India and is expected to commence early next year, the release said. "Providing a new way of transacting means consumers receiving the money have access to their money 24x7, whether that is through online banking and ATMs as well as bank branches during business hours," Western Union India's Regional Vice-President, Kiran Shetty, said. "Harnessing our relationship with SBI to establish ABMT also means it allows new consumers to consider Western Union's soon to be offered, convenient and fast international money transfer service, which provide money transfers to receivers with SBI accounts within minutes of sending," he said. SBI has 110 million account holders of which 4.16 million customers are registered for online banking.

3. jet airways

rivate air-carrier, Jet Airways, today said it has tied-up with SBI Card to enable its customers book their tickets through its portal, using the card option. SBI Card is a joint offering by public sector lender, State Bank of India and GE Capital. Under this offer, SBI Credit Cardholders would be able to choose an option to convert their ticket purchases through the company's website into a zero-percent EMI with tenure of 6 months, a Jet Airways press release said here. The tie-up with the SBI Card is another unique travel option aimed at making air travel more economical and cost-effective for family travel, Jet Airways Chief Commercial Officer, Sudheer Raghavan, said. "This scheme will help a family to undertake visits to tourist spots and encourage domestic tourism," Raghavan said. "We are delighted to partner with Jet Airways and offer SBI Cardholders an affordable travel option. This offering is in line with our focus on the travel segment as it enables air travelers a unique opportunity to fly now and pay later without any additional costs," SBI Cards & Payment Services Pvt Ltd's CEO, Abhay Kumar Singh, said.

4.hindustan motors
Hindustan Motors Limited (HML), the flagship company of the C. K. Birla group and a pioneer of the automobile revolution in India, today entered into a finance tie up with State Bank of India for its new 2.3 Ton GVW Mini truck "HM Shifeng Winner" and an Iconic Ambassador car . Under this pact SBI will leverage on its strong presence to provide retail finance for HML Products The agreement is signed by the senior management of Hindustan Motors & State Bank of India and the same has been exchanged by Mr. Rattan Singh, Chief General Manager (Sales & Marketing) HML and Mr. Manas Kumar Nag, Chief General Manager of State Bank of India at Mumbai headquarter of State Bank of India. Speaking on the occasion Mr. Rattan Singh, CGM (Sales & Marketing), HML, said, This is a coming together of two leaders SBI being the largest Bank in India and HML being the Pioneer in the automotive business. This agreement is a strategic decision aimed at drawing synergies from the two partners.

Briefing about the products Mr. Singh said Hindustan Motors Mini Truck Winner is the first LCV of the country in CNG with BSIV version which has a Powerful 4 cylinder 1800 cc Engine that assures best operating economics and income to its customers apart from secured future with low running cost. Looking at the need of diesel centric market, company has launched new variant as HM- Shifeng Winner 1.5 XD with radial tyres. Apart from this company will also provide the Drive Away Chassis (DAC) to its customer who can build the body as per their requirement. As per Mr. Singh Winner is deeply appreciated by Captive customers who are using fleet of Winner for different purposes after body building. Winner is successfully running as Security Cash Vans, Tippers for Waste Collection, Refrigerated Vans, Cargo Vehicle, etc. To increase the presence of the company in foreign market Hindustan Motors Ltd is teamed up with Intraco Group of Bangladesh for distribution of HM s mini truck Winner s CNG version in Bangladesh. Once we have the success in this market and carry some experience and learning, we shall move to other markets like Nepal and Sri Lanka, Mr. Singh said. Considering the need of customers, Hindustan Motors & State Bank of India has jointly signed a Memorandum of Understanding to finance Winner thru SBI for 1 year with an easy and attractive finance scheme. SBI with their wide spread network in markets will be able to cater the need of Hindustan Motor s customers of WINNER and Ambassador Car by financing their vehicles.

5.Oriental bank of commerce

The customers of Oriental Bank of Commerce would now be offered mutual fund investment products from one of the top performing fund houses of the country-SBI Mutual Fund.
Oriental Bank of Commerce, with its wide-spread network of 1533 branches and very strong base of One Crore Current and Savings customers, has formalized its tie-up with SBI Funds Management Pvt. Ltd. Investment Managers for SBI Mutual Fund, one of the largest mutual funds in the country. The customers of Oriental Bank of Commerce would now be offered mutual fund investment products from one of the top performing fund houses of the country-SBI Mutual Fund. Speaking on the occasion, A.C. Hari, General Manager, Oriental Bank of Commerce, said that the

Bank is committed to become a financial super market providing diverse financial products under one roof to the customers. For Oriental Bank of Commerce, it will be one more product to offer to its clients and thus meet customers investment needs in a growing financial market. SBI Mutual Fund will be benefitted by Oriental Banks 1533 branches, across the country and thus reach across to pockets where they have no representatives. For varied investors needs, Oriental Bank Branches will be able to provide a bouquet of products, offered by different mutual fund companies, suited to cater different segments of investors community. D.P. Singh, Head of Sales, SBI Mutual Fund, said: The wide-spread distribution and reach of Oriental Bank of Commerce across the country, holds the key to achieving maximum penetration and reaching out to a new customer base. We at SBI Mutual Fund, endeavor to provide efficient and prompt service to our investors and cater to their investment needs. The tie-up with Oriental Bank of Commerce is valuable as it will enable SBI MF to offer its comprehensive range of mutual fund products to a wider segment of the society.

It is Indias leading cooperative bank.. Saraswat Co-operative Bank being the No.1 co-operative bank in Asia, their efforts are always directed towards developing and offering competitive and innovative products and services. In the wholesale banking business, the Saraswat Co-operative Bank Ltd. provides a wide range of products from a traditional term loans to short term products like Bills discounting under Letter of Credit etc. The Bank also offers a bouquet of Retail Loan Products such as Home Loan, Saraswati Education Loan, Car Loan etc. and wide array of Deposit schemes with customer friendly features and attractive Rate of Interest.

Product for professionals/small businesses

Saraswat Bank offers a wide range of Product for professionals/small businesses which are detailed below:

1. Doctors Delite
Unique Features of Doctor- Delite Scheme

A scheme which specifically caters to the noble profession of healing .

You can avail credit facility for Purchasing equipments and furniture. Purchasing of new premises for forming a clinic Renovation of a clinic . Increased repayment period of 10 years for specific purpose An opportunity to become shareholder of the Bank Reduced and attractive interest rates

Doctor- DeliteScheme Eligibility a experienced or fresh medical practitioner and also a group of medical practitioners in the process of setting up a firm /Pvt Ltd Co.

Minimum andMaximum Limit

Minimum Limit- Rs 1.00 Lakhs

Maximum amount

Rural /Semi Urban Areas Rs 20 Lacs with a sub limit of Rs 10 Lacs for equipment and premises

Urban/Metro Areas Rs 100 lacs with a sub limit of Rs 25 lacs for equipment and premises . Collateral: 40% if loan is only for equipments Security Hypothecation of equipment /furniture to be purchased Equitable Mortgage of Premises /Clinic Pertonal Guarantee Incase of existing medical practitionersGuarantee of spouse (if available) or parents or blood relatives irrespective of income source. Incase of fresh medical practitionersGuarantee of spouse (if available) or parents or blood relatives or others with minimum income of RS 2 lacs p.a. Repayment period For Premises and equipments - Upto 120 months

Only for equipments- Upto 84 month Documents Required Photograph ,Identity proof and Residence Proof of the Applicant 1)IT Returns for last 3 years (incase of fresh medical practitioners IT returns may not be insisted) 2)Quotation of the equipment to be purchased / renovation cost or furniture cost. 3)Repayment mode will be through Post Dated Cheques or Standing Instructions from existing account holders 4)- Qualification Certificate Shareholding You can buy shares to the extent of 2.5% of the loan amount subject to Maximum limit of Rs 25000/1% of loan amount-Maximum Rs 5000

Processing fees

Doctors can avail insurance for the equipment and premises at a nominal premium through us by Bajaj Allainz

2. Swift Professional Credit (For Professionals)

1. CATEGORY

Advocates, Chartered Accountants, Cost Accountants, Company Secretaries, Chartered Engineers, Surveyors, IT Consultants, Financial Consultants, Management Consultants Software Consultants or anybody who has acquired professional qualification and pursuing activity in the respective specialised area or a person trained in craft or any art with a diploma/degree from any institution or aided by Government and includes any person considered by the Bank as technically qualified or skilled in the field in which he employed - Individuals, Partnership Firms and Pvt. Ltd.

Company. (Doctors are not included under this scheme on introduction of Doctors' Delite Loan Scheme) (Engineers carrying on their own engineering business cannot be considered a professional under this scheme) 2. FACILITY/IES a. Term Loan b. Working Capital Limits a. Priority Sector Lending - Rs. 10.00 lacs with a sub-limit of Rs. 2.00 lacs for working capital limits. b. Non-Priority Sector Lending - Rs. 15.00 lacs without sub-limit for Working Capital Limits. 4. Purpose 5. Security Business Development a. For Term Loan - Hypothecation of Fixed Assets to be purchased. b. For Cash Credit - Hypothecation of Receivables/Book Debts net of creditors. 6 COLLATERAL SECURITY 1. Collateral Security may not be insisted upon in case of proposals for only Term loan for acquiring office/shop premises duly backed by the mortgage of the premises in question and margins as per Credit Policy are stipulated. 2. However if the application is for Term Loan and/or Cash Credit Limit wherein the Term Loan is for acquiring asset/s other than premises/property, then collateral security should be 100% of the advance amount as follows: a. Collateral Security to the extent of 75% of the advance amount by way of mortgage charge on property/real estate. b. Balance 25% by way of hypothecation charge on the existing unencumbered business assets other than the asset to be acquired against the Term Loan. 3. In all other cases Collateral Security to the extent of 75% of the advance amount by way of Mortgage of property/real estate and balance 25% by way of hypothecation of unencumbered Business Assets Applicable to all categories. 4. Personal Guarantee one / two, in addition to the collateral

3. MAXI. PERMISSIBLE AMOUNT

security as per the need perceived by the sanctioning authority. 5. Deviations in the norms of collateral security maximum upto 65% + 35% in place of the above combination of 75% + 25% may be allowed in only deserving cases by Zonal In-charge in case of amount of loan is upto Rs. 15.00 lacs and by GM-Credit in case of amount of loan is exceeding Rs. 15.00 lacs. Fresh Valuation of all the assets mortgaged and/or hypothecated is necessary. Realisable Value of the Asset to be mortgaged/hypothecated as per the valuation report be considered and not the market value and the such realizable value should be equivalent to the amount of advance. 7. PROCESSING FEES 8. OTHERS 0.50% of the Loan Amount applied for with a minimum of Rs. 2,500/-. ( No deviation in this area is allowed.) A. Margins for Advance: a. For Term Loan 20% of the cost of the new asset to be purchased. b. For Cash Credit 30% of the Stocks-in-Trade + Book Debts/Receivables after netting out the Sundry Creditors. (Refer Item No. 6 (H)). B. Calculation Permissible Limit: a. For Term Loan.

3 times of Net Cash Accruals as on the last year or projected for current year. (Net Cash Accruals = Net profit + Depreciation Personal Drawings) OR 80% of the cost of new asset to be purchased whichever is less. b. For Cash Credit. 20% of the Gross Sales Turnover existing/projected for Category no. 1 & 2 AND 15% of the Gross Sales Turnover existing/projected for Category no. 3 (A jump/hike by more than 25% in projected turnover over the

last years turnover should be properly justified by the Processing and Sanctioning Authority.) C. Repayment Period: For Term Loan Maximum 5 years (60 Months). For Cash Credit Renewable every year. D. Rate of Interest: Interest rates are linked to PLR.You may contact your nearest branch for applicable interest rates . E. Shareholding: 2.5% of the Loan Amount sanctioned with maximum of Rs. 25,000/F. Eligibility: Existing professional/New Entrants will be eligible to avail the facility/ies under this scheme. In case of Category No. 2 & 3 Small Businessmen/Retail Traders, all those who are already in operations for last 2 years, profit making and filing Income Tax Returns are eligible. (Financing new entrants in category No. 2 & 3 will amount to Project Finance, hence not considered.) However new entrant under category no. 2 & 3 is from the existing group having satisfactory banking relations / enjoying facilities with us, can be considered for extending finance under this scheme. G. Visit: Initial Visit before disbursement for verification of operations and security is compulsory. Visit Report is the prescribed format be kept on records before disbursement. H. In case of Cash Credit Limit, Stock Statement to be obtained at the time of disbursement and then twice in a financial year one as of 30th Sept. and another as of 31st March. Disbursement of cash credit limit should be based on the stock statement submitted by the party if the full limit sanctioned cannot be disbursed on the basis of the stock statement submitted, then disbursement of remaining limit to be done by obtaining fresh stock statement subsequently after ascertaining the correctness of the information submitted.

I. No Deviations other than mentioned above, be allowed.

3. Swift Business Credit (For Businessman/Small Business Enterprises)

1. CATEGORY

Enterprises established mainly for providing services for selling of goods on commission basis, booking agents, clearing & forwarding agents, estate agents, Photoshops, Service providers viz. Pest Control, Plumbing, Electrician, Contractor etc., Hair Dressing Saloons, Xerox Operators, Workshops carrying repair/maintenance jobs for Automobiles, Machineries etc. Enterprises engaged in Advertising/Marketing/ Industrial Consultancy, Industrial R & D Labs, Testing Labs, Laundry & Dry Cleaners, STD/ISD Booths, Tailoring Firms, Weigh Bridge Operators, Cyber Cafes, Business of Equipments on Rental/Lease basis, Desktop Publishing, Beauty Parlors, Health Spas - Individual, Partnership Firms and Pvt. Ltd. Cos. a. Term Loan b. Working Capital Limits

2. FACILITY/IES

3. MAXI. PERMISSIBLE AMOUNT 4. Purpose 5. Security

Priority Sector - Rs. 20.00 lacs with a sub-limit of Rs. 10.00 lacs for working capital limits. Business Development a. For Term Loan - Hypothecation of Fixed Assets to be purchased. b. For Cash Credit - Hypothecation of Receivables/Book Debts net of creditors.

6 COLLATERAL SECURITY

1. Collateral Security may not be insisted upon in case of proposals for only Term loan for acquiring office/shop premises duly backed by the mortgage of the premises in question and margins as per Credit Policy are stipulated. 2. However if the application is for Term Loan and/or Cash Credit

Limit wherein the Term Loan is for acquiring asset/s other than premises/property, then collateral security should be 100% of the advance amount as follows: a. Collateral Security to the extent of 75% of the advance amount by way of mortgage charge on property/real estate. b. Balance 25% by way of hypothecation charge on the existing unencumbered business assets other than the asset to be acquired against the Term Loan. 3. In all other cases Collateral Security to the extent of 75% of the advance amount by way of Mortgage of property/real estate and balance 25% by way of hypothecation of unencumbered Business Assets Applicable to all categories. 4. Personal Guarantee one / two, in addition to the collateral security as per the need perceived by the sanctioning authority. 5. Deviations in the norms of collateral security maximum upto 65% + 35% in place of the above combination of 75% + 25% may be allowed in only deserving cases by Zonal In-charge in case of amount of loan is upto Rs. 15.00 lacs and by GM-Credit in case of amount of loan is exceeding Rs. 15.00 lacs. Fresh Valuation of all the assets mortgaged and/or hypothecated is necessary. Realisable Value of the Asset to be mortgaged/hypothecated as per the valuation report be considered and not the market value and the such realizable value should be equivalent to the amount of advance. 7. PROCESSING FEES 8. OTHERS 0.50% of the Loan Amount applied for with a minimum of Rs. 2,500/-. ( No deviation in this area is allowed.) A. Margins for Advance: a. For Term Loan 20% of the cost of the new asset to be purchased. b. For Cash Credit 30% of the Stocks-in-Trade + Book Debts/Receivables after netting out the Sundry Creditors. (Refer Item No. 6 (H)). B. Calculation Permissible Limit:

a. For Term Loan.

3 times of Net Cash Accruals as on the last year or projected for current year. (Net Cash Accruals = Net profit + Depreciation Personal Drawings) OR 80% of the cost of new asset to be purchased whichever is less. b. For Cash Credit. 20% of the Gross Sales Turnover existing/projected for Category no. 1 & 2 AND 15% of the Gross Sales Turnover existing/projected for Category no. 3 (A jump/hike by more than 25% in projected turnover over the last years turnover should be properly justified by the Processing and Sanctioning Authority.) C. Repayment Period: For Term Loan Maximum 5 years (60 Months). For Cash Credit Renewable every year. D. Rate of Interest: Interest rates are linked to PLR and Credit rating .you may contact your nearest branch for latest interest rates . E. Shareholding: 2.5% of the Loan Amount sanctioned with maximum of Rs. 25,000/F. Eligibility: Existing professional/New Entrants will be eligible to avail the facility/ies under this scheme. In case of Category No. 2 & 3 Small Businessmen/Retail Traders, all those who are already in operations for last 2 years, profit making and filing Income Tax Returns are eligible. (Financing new entrants in category No. 2 & 3 will amount to Project Finance, hence not considered.) However new entrant under category no. 2 & 3 is from the existing group having satisfactory banking relations / enjoying facilities with us, can be considered for extending finance under this scheme. G. Visit: Initial Visit before disbursement for verification of

operations and security is compulsory. Visit Report is the prescribed format be kept on records before disbursement. H. In case of Cash Credit Limit, Stock Statement to be obtained at the time of disbursement and then twice in a financial year one as of 30th Sept. and another as of 31st March. Disbursement of cash credit limit should be based on the stock statement submitted by the party if the full limit sanctioned cannot be disbursed on the basis of the stock statement submitted, then disbursement of remaining limit to be done by obtaining fresh stock statement subsequently after ascertaining the correctness of the information submitted. I. No Deviations other than mentioned above, be allowed.

4. Swift Credit Scheme For Retail Traders

1. CATEGORY

Individuals/Partnership Firms/Pvt. Ltd. Cos. carrying on Retail Trade in general stores, Bookshops, Cutlery, Cake Shops, Shoe/Garment/Cloth Shops, Toy Shops, Gift Shopees, Trading in Sarees/Dress Materials/Readymade Apparels or any type of buying & selling of goods in a shop or otherwise.(No additions to this category is proposed) a. Term Loan b. Working Capital Limits a. Priority Sector Lending - Rs. 10.00 lacs with no sub-limit for working capital limits. b. Non-Priority Sector Lending - Rs. 15.00 lacs with no sub-limit for Working Capital Limits.

2. FACILITY/IES

3. MAXI. PERMISSIBLE AMOUNT

4. Purpose 5. Security

Business Development a. For Term Loan - Hypothecation of Fixed Assets to be purchased. b. For Cash Credit - Hypothecation of Receivables/Book Debts net of creditors. 1. Collateral Security may not be insisted upon in case of proposals for only Term loan for acquiring office/shop premises duly backed by

6 COLLATERAL SECURITY

the mortgage of the premises in question and margins as per Credit Policy are stipulated. 2. However if the application is for Term Loan and/or Cash Credit Limit wherein the Term Loan is for acquiring asset/s other than premises/property, then collateral security should be 100% of the advance amount as follows: a. Collateral Security to the extent of 75% of the advance amount by way of mortgage charge on property/real estate. b. Balance 25% by way of hypothecation charge on the existing unencumbered business assets other than the asset to be acquired against the Term Loan. 3. In all other cases Collateral Security to the extent of 75% of the advance amount by way of Mortgage of property/real estate and balance 25% by way of hypothecation of unencumbered Business Assets Applicable to all categories. 4. Personal Guarantee one / two, in addition to the collateral security as per the need perceived by the sanctioning authority. 5. Deviations in the norms of collateral security maximum upto 65% + 35% in place of the above combination of 75% + 25% may be allowed in only deserving cases by Zonal In-charge in case of amount of loan is upto Rs. 15.00 lacs and by GM-Credit in case of amount of loan is exceeding Rs. 15.00 lacs. Fresh Valuation of all the assets mortgaged and/or hypothecated is necessary. Realisable Value of the Asset to be mortgaged/hypothecated as per the valuation report be considered and not the market value and the such realizable value should be equivalent to the amount of advance. 7. PROCESSING FEES 8. OTHERS 0.50% of the Loan Amount applied for with a minimum of Rs. 2,500/-. ( No deviation in this area is allowed.) A. Margins for Advance: a. For Term Loan 20% of the cost of the new asset to be purchased. b. For Cash Credit 30% of the Stocks-in-Trade + Book Debts/Receivables after netting out the Sundry Creditors.

(Refer Item No. 6 (H)). B. Calculation Permissible Limit: a. For Term Loan.

3 times of Net Cash Accruals as on the last year or projected for current year. (Net Cash Accruals = Net profit + Depreciation Personal Drawings) OR 80% of the cost of new asset to be purchased whichever is less. b. For Cash Credit. 20% of the Gross Sales Turnover existing/projected for Category no. 1 & 2 AND 15% of the Gross Sales Turnover existing/projected for Category no. 3 (A jump/hike by more than 25% in projected turnover over the last years turnover should be properly justified by the Processing and Sanctioning Authority.) C. Repayment Period: For Term Loan Maximum 5 years (60 Months). For Cash Credit Renewable every year. D. Rate of Interest: Rate of interest are linked to PLR and also depend on credit rating received as per Credit Rating module .You amy contact your nearest branch for the applicable rate of interest E. Shareholding: 2.5% of the Loan Amount sanctioned with maximum of Rs. 25,000/F. Eligibility: Existing professional/New Entrants will be eligible to avail the facility/ies under this scheme. In case of Category No. 2 & 3 Small Businessmen/Retail Traders, all those who are already in operations for last 2 years, profit making and filing Income Tax Returns are eligible. (Financing new entrants in category No. 2 & 3 will amount to

Project Finance, hence not considered.) However new entrant under category no. 2 & 3 is from the existing group having satisfactory banking relations / enjoying facilities with us, can be considered for extending finance under this scheme. G. Visit: Initial Visit before disbursement for verification of operations and security is compulsory. Visit Report is the prescribed format be kept on records before disbursement. H. In case of Cash Credit Limit, Stock Statement to be obtained at the time of disbursement and then twice in a financial year one as of 30th Sept. and another as of 31st March. Disbursement of cash credit limit should be based on the stock statement submitted by the party if the full limit sanctioned cannot be disbursed on the basis of the stock statement submitted, then disbursement of remaining limit to be done by obtaining fresh stock statement subsequently after ascertaining the correctness of the information submitted. I. No Deviations other than mentioned above, be allowed.

SERVICES
1.Visa debit card
To add to your convenience , your Bank has tied up with VISA for issuing Debit Card. VISA has a long-standing name in the banking industry in India as well as abroad. Visa is a reliable, international brand. Debit Card is basically a convenience card which can be used at a POS for making purchases at Merchant Establishments. This card can also be used as an ATM card for withdrawing cash at the ATMs Debit Cards This card can be used as an ATM card for withdrawing cash at the following ATMs: a. Saraswat Bank ATMs

b. BANCS ATMs c. Visa enabled ATMs Debit Card looks similar to a credit card, bearing a Visa logo, and can be used wherever the card's brand name is displayed. Debit card can be used at Domestic as well as International ATMs and POS machines bearing the Visa logo. Debit card can be used upto the balance available in the account of cardholder. The maximum amount for transaction (Point of Sale + ATM) is maintained at Rs 25000/- per day. e.g. a. ATM Cash withdrawal Rs 10,000/- + POS transaction Rs 15,000/b. ATM Cash withdrawal Rs 25,000/- + Nil POS transaction c. Nil ATM Cash withdrawal + POS transaction Rs 25,000/d. Funds Transfer in linked accounts on our Bank's ATMs ONLY.

Mobile Banking. Saraswat Bank has introduced Mobile Banking. Bank has started forwarding various messages to its customers on their mobile a. Debit / Credit Transaction Message for amount of Rs.5000/- & above. b. Term Deposit maturity intimation (7 days prior to maturity) c. Inward Cheque Returned Intimation. d. Outward Cheque Returned Intimation. e. Account overdrawn intimation. f. Greetings / Promotional messages g. New product launch message Customers can now initiate the following transactions at their end a)Account balance enquiry b)Last three transactions

c)Cheque Status Inquiry (The above service will be available by paying Annual maintainance charges of Rs 99 /-) You are required to register for Mobile Banking service . Please find enclosed file containing Term and conditions of availing facility of Mobile Banking.

Easy pay
Here is one more exciting facility your Bank has offered to relieve you, our esteemed client, from spending your valuable time standing in a queue for routine utility bill payments. All you have to do is to walk into any of our branch and register yourself under : Easy Pay" scheme for all your recurring utility bill payments such as Telephone, Electricity Bills, Cellular Phone Bills, Insurance Premium & many more. Once you are registered all your future bills will be paid automatically through your bank account with us. So do visit the nearest branch for few formalities & say "Good Bye" to all the hassles of making routine utility bill payments.

Tie ups
4. Insurance

It is our earnest endeavour to offer suite of new and competitive financial products and services. We have for this purpose tied up with various insurance companies. The details of tie-up and products offered are given below: LIFE INSURANCE We are the Corporate Agents for the distribution of Life Insurance products, of

M/S HDFC Standard Life Insurance Co Ltd. Under this tie up arrangement, we offer following life insurance products: Protection Plans: Protection Plans help to protect your family from uncertainties in life due to financial losses in terms of loss of income that may come up in case of untimely demise, death or critical illness. Children s Plan: Children s Plans help to save, so that you can fulfill your child s dreams and aspirations. It helps you to save steadily over the long term so that you can secure your child s future needs like higher education, marriage or anything else.

Retirement Plans: Retirement Plans provide you with financial security so that you can live with pride without compromising on your living standards even after your retirement. Savings and Investment Plans: Savings & Investment Plans provides the assurance of lump sum funds for you and your family s future expenses. While providing an excellent savings tool for your short term and long term financial goals, these plans also assure your family a certain sum by way of an insurance . Health Plans: Health plans give you the financial security to meet health related contingencies. Due to changing lifestyles, health issues are becoming more complex in nature. It becomes necessary then to have a health plan, which will ensure that no matter how critical the illness is, it does not impact your financial independence.

This bank is entitled for Commission for marketing the above products of M/S HDFC Standard Life Insurance Co. Ltd.

5.Mutual Funds Considering the changes in Indian demographics (more than 70%of the population below the age of 35), changes in investment pattern (rising disposable incomes created a huge potential for investment in Insurance and Mutual Funds), increased competition and thinning of Interest margins, the Indian Banking Industry had to redesign their bouquet of products and introduce marketing of third party products like Insurance and Mutual Funds, to increase fee based income.

To encash on this sentiment, our bank has entered into the Mutual fund distribution business 5 years back and today we have a successful tie up with 21 fund houses with total funds invested at around Rs 100 crores.

The Mutual Fund industry currently has 35 Fund houses with 1800 schemes spread across 30 different categories. During this financial year the industry saw 900 new fund offers(equity, debt, liquid and Fixed Maturity Plans included).The AUM (Asset Under Management) of the Mutual fund industry closed at Rs 5,67,60 Cr on April 2008.

The major fund houses are as follows:

FundHouse Birla Sunlife Mutual

FundHouse Fund Franklin Templetoin Mutual Fund HDFC Mutual Fund ICICI Prudential Mutual Fund Kotak Mahindra Mutual Fund Principal PNB Mutual Fund Reliance Mutual Fund Tata Mutual Fund UTI Mutual Fund

BANCS BANCS stands for Banks ATM Network and Customer Services We are pleased to inform you that Saraswat Bank has joined the 'BANCS' network consortium for ATM sharing and has started operations since 15th June 2004.

BANCS currently comprises of 2461 (Two thousand Four Hundred and Sixty One only) ATM's of 13 member banks including Saraswat Bank. Saraswat Bank has ensured that our customers can use existing ATM cards in 'BANCS' network for ATM transactions. Please note that there are no charges levied on customers for BANCS transaction.

Financial Results
Saraswat Bank releases its financial related information through this section, one can view Annual Reports of the last 2 financial years at any given time. PERFORMANCE HIGHLIGHTS FOR THE YEAR ENDED March, 2009(RS. IN CRORES) Year Ended 31.03.2008 Audited Year Ended 31.03.2009 Audited

Particulars

Interest Earned Other Operating Income TOTAL INCOME Interest Expenditure Operating Expenditure TOTAL EXPENDITURE GROSS PROFIT Less: Provisions

1023.11
54.154.48 1177.59 696.85 233.96 930.81 246.78

1270.45 229.47 1499.92 911.08 263.48 1174.56 325.36 9.75 315.61

74.32 241.29 30.50

14.94

OPERATING PROFIT BEFORE 231.84 TAX Less: Income tax expenses NET PROFIT AFTER TAX EXCEPTIONAL ITEMS

29.58
202.26

Deposits Advances Net NPAs % Paid-up Capital Share capital of Saraswat Bank Reserves Capital Adequacy (%)

11430.82 7448.31 0.00%

12918.85 8110.41 0.00%

71.21
1059.74 10.85

77.50 1096.71

10.92

The bank has succeeded in maintaining zero net NPA status for the fifth consecutive year.