State Bank of India is one of the big four banks of India, along with bank of Baroda, Punjab National Bank and ICICI Bank. Why to SBI instead others.
State Bank of India is a regional banking and has 20% market share in deposits and loans among Indian commercial banks.
SBI provides a range of banking products throughits network of branches in India and overseas, including products aimed atnon-resident Indians(NRIs). SBI has 14 regional hubs and 57 Zonal Offices that are located at important cities.
Wide presence in country.
Domestic presence
SBI has 14, 816 branches in India, as on 31 March 2013, of which 9, 851(66%) were in Rural and Semi-urban areas.
In the financial year 2012-13, its revenue was INR 200, 560 Crores(US$36.9 billion), out of which domestic operations contributed to 95.35% of revenue. Similarly, domestic operations contributed to 88.37% of total profits for the same financial year.
International presence the Israeli branch of the State Bank of India located in Ramat Gan.As of 28 June 2013, the bank had 190 overseas offices spread over 36 countries. It has branches of the parent inMoscow, Colombo, Dhaka, Frankfurt, Hong Kong, Tehran, Johannesburg, London, Los Angeles, Male in the Maldives, Muscat, Dubai, New York, Osaka, Sydney, and Tokyo. It hasoffshore bankingunits in the Bahamas, Bahrain, andSingapore, and representative offices in Bhutan and cape Town.
Major Instruments provided by SBI
Saving bank account with zero balance
Current a/c
Sbi mutual fund
Sbi Life insurance
Sbi General insurance
Sbi Demat account
Sbi Trading account
Sbi Recurring deposit(RD)
Sbi fixed Deposit(FD)
Gold Loans& many more.
Sbi saving a/c is most prominent account to every India with excess to any where in world through debit card and many more, account is open by the bank with just steps.
As the tag like by state bank is valuable as every individual has dream a account in sbi.
’banker is to every Indian’