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July 2nd, 2016, 05:31 PM
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Join Date: Mar 2013
Re: State Bank of India Types

The State Bank of India, prominently known as SBI, is one of the main banks in India. The bank follows its source to the main decade of the nineteenth century. Later on, it was converged with the Imperial Bank. In the year 1955, the Government of India nationalized the Imperial Bank alongside the Reserve Bank of India. Following the time when that time, the bank gained its present name that is SBI.

State Bank of India Services

State Bank of India Services are most fluctuated and creative amongst every one of its peers. State Bank of India Services incorporates a large group of items and administrations to suit a wide range of customers.

Banking Subsidiaries -State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore (SBIr),State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of Saurashtra (SBS) and State Bank of Travancore (SBT).

Foreign Subsidiaries - State bank of India International (Mauritius) Ltd.,State Bank of India (California), State Bank of India (Canada) and INMB Bank Ltd, Lagos.

Non- banking Subsidiaries - SBI Capital Markets Ltd (SBICAP), SBI Funds Management Pvt Ltd (SBI FUNDS), SBI DFHI Ltd (SBI DFHI), SBI Factors and Commercial Services Pvt Ltd (SBI FACTORS) and SBI Cards and Payments Services Pvt. Ltd. (SBICPSL)

Joint Ventures - SBI Life Insurance Company Ltd (SBI LIFE).

Products & Services
• Personal Banking
• NRI Services
• Agriculture
• International
• Corporate
• SME
• Domestic Treasury

SBI Retail Banking
The following services are provided under Retail Banking:-
• Term Deposits
• Recurring Deposits
• Housing Loan
• Educational Loan
• Personal Loan
• For Pensioners
• Against Mortgage of Property
• Against Shares & Debentures
• Plus Scheme
• Medi-Plus Scheme
• Rates of Interest


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