2023 2024 EduVark > Education Discussion > Banks Related


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January 3rd, 2018, 08:22 AM
Super Moderator
 
Join Date: Mar 2012
Re: Aims And Objectives Of State Bank Of India

State Bank Of India is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

As you want here I am tellign Aims And Objectives Of State Bank Of India
1- Accepts deposit
2- Gives loans and advances
3- Invests and Borrows
4- Deals in bill of exchange
5- Deals in gold and silver
6-Deals in foreign currencies
7-Underwrite issues
8-Form subsidiary
9-Housing schemes
10-Acts and agent

Bank profile :

Type Public

Traded as NSE: SBIN

BSE: 500112

LSE: SBID

BSE SENSEX Constituent

CNX Nifty Constituent

Industry Banking, financial services

Founded 2 June 1806, Bank of Calcutta

27 January 1921, Imperial Bank of India

1 July 1955, State Bank of India

2 June 1956, nationalization

Headquarters Mumbai, Maharashtra, India

Area served Worldwide

Key people Arundhati Bhattacharya (Chairman)

Products Consumer banking, corporate banking, finance and insurance, investment
banking, mortgage loans, private banking, private equity, savings, securities, asset
management, wealth management, credit cards


Revenue 298,640.45 crore (US$47 billion) (2017)

273,461.13 crore (US$43 billion) (2016)
Operating income 50,847.90 crore (US$7.9 billion) (2017)

Profit 10,484.10 crore (US$1.6 billion) (2017)

9,950.65 crore (US$1.6 billion) (2016)


Total assets 2,705,966.30 crore (US$420 billion) (2017)

Total equity 144,274.65 crore (US$22 billion) (2016)

Owner Government of India (100%)

Number of employees 209,567 (2017)

207,739 (2016)

Capital ratio 13.12% (2016)


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