STATE BANK OF INDIA

Statistics:
PUBLIC COMPANY (60% GOVERNMENT-OWNED) Incorporated: 1921 as the Imperial Bank of India Employees: 220,000 Total Assets: $104.81 billion (2003) Stock Exchanges: Mumbai Kolkata Chennai Ticker
Ahmedabad Delhi New York London Symbol: SBI

 Established

as the Bank of Calcutta on 2nd

June, 1806. Redesigned as Bank of Bengal First ever Joint-stock bank of the British India Amalgamation leads to Imperial Bank of India POST-INDEPENDENCE- First five year plan, 1951.

 The All

India Rural Credit Survey Committee Establishment of SBI State Bank of India (Subsidiary Banks) Act was passed in 1959.

Bank of Bengal

 Limited

liability, joint stock banking. Issue notes. Accretion to capital Deposit banking Three banks governed by royal charters. Each charter provided for share capital4/5th was privately subscribed and 1/5th was owned by the provincial govt. Board of directors.

Group Photograph of Central Board (1921)

TRANSFORMATION JOURNEY IN STATE BANK OF INDIA

 Momentous

phase of Change and Transformation Threat to private and foreign banks Entrance into new businesses with strategic tie-ups. Cutting edge technology and innovative new banking models. Tap rural base- 1,00,000 villages in the next two years. Focus on the top end of the market.

 International

growth- 82 foreign offices in 32 countries across the globe Growth in India- 7 Subsidiaries in India Change old mindsets Parivartan - mass internal communication programme. CHANGE and INCLUSIVENESS

 Largest

banking network Complete payment solution Corporate center of SBI is located at Mumbai. 14 local head offices and 57 Zonal Offices, located at major cities throughout India 10000 branches

Symbol and slogan

The

symbol of the State Bank of India is a circle and not key hole and a small man at the centre of the circle. A circle depicts perfection and the common man being the centre of the bank's business. With you all the way Pure banking nothing else The Banker to every Indian The Nation banks on

Slogans

SWOT ANALYSIS
STRENGTHS: Brand name Market Leader Wide Distribution Network Government Owned Diversified Portfolio

WEAKNESSES: Hierarchical management Lacks modernisation

OPPORTUNITIES Merger of associate banks with SBI Opportunities for public sector banks New Branches and ATM's Expansion on Foreign soil

THREATS: Advent of foreign banks Private banks venturing into the rural areas Employee Strike

CONCLUSION
The

State Bank of India is a pacesetter in the banking industry with banking operations all over the world. State Bank of India is growing to be one of the largest networks and is increasingly preferred over other banks due to its reliability and customer satisfaction. Modernization of technology in the SBI is also being incorporated to increase efficiency and the State Bank of India now is on par with foreign banks. Therefore, the State bank of India is a market leader banking sector.

THANK YOU