State Bank of India
Bank Info
The State Bank of India was founded in the year 1806 in Calcutta, India as Bank of Calcutta. SBI is the largest bank in India in terms of Branches, ATM network as well as in terms of number of Employees. The bank has strong hold in Banking, Insurance, Capital Markets and allied industries. The main products of the bank include Loans, Credit Cards, Savings, Investment and Insurance services (through SBI Life).
In early July 2011, SBI Chairman Pratip Chaudhury said the bank will raise USD 5 billion debt by December by means of foreign debt through medium-term notes (MTN). He said the bank is also looking at increasing its credit growth by 16-19 per cent in 2011-12.
Website: statebankofindia.com
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Related News
- Moody's downgrade SBI to D+ - October 4, 2011
- SBI on careful plan for merger of its subsidiaries in 12 to 18 months' time - February 23, 2011
- Ahmedabad to have SBI Self-service branch before fiscal end - February 16, 2011
- SBI, Bank of Maharashtra and State Bank of Mysore ups interest rates - February 13, 2011
- SBI FCNR deposits now fetch more interest - February 1, 2011