ACKNOWLEDGEMENT

Success always strikes the door of the people who work hard with dedication plus the blessing of the elders and gentle part of the friends and colleagues. The success not due to any single person, but due to the combined efforts of ta group of dedication and aspirant individuals. Several special people have contributed significantly in the course. i wish to publicity recognize and thank them. Before I get presentation of this dissertation entitled "STATE BANK OF INDIA". I find it as my obligation to express my sincere gratitude to many a specialist in this field without whose assistance and guide, I would ever have succeeded in making this venture e reality. First of all i thank goes almighty, for this kind blessing for the successful completion of this project work. I express my since thanks to the facilities, Prof. Mrs. Jayashree Sen, for encouragement and help given during this project work.

Yours sincerely, GANESH BHIMAJI DANGE

INDEX
Chapter No. Particulars Page No.

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

INTRODUCTION HISTORY OF SBI ASSOCIATES BANK OF SBI GROWTH OF SBI INTERNATIONAL PRESENCE OF SBI SBI-FINANCIAL HIGHLIGHTS BALANCE SHEET OF SBI LIQUIDITY OF SBI STOCK KEY AREAS OF OPERATIONS SBI CHARGING AHEAD CASE STUDY CHALLENGES FOR THE BANK FUNCTIONS OF SBI CONCLUSION BIBLIOGRAPHY

INTRODUCTION
State Bank of India (SBI)
State Bank of India (SBI) is the largest banking and financial services company in India by revenue, assets and market capitalization. It is a state-owned corporation with its headquarters in Mumbai, Maharashtra. As of March 2012, it had assets of US$360 billion and 14,119 branches, including 173 foreign offices in 37 countries across the globe. Including the branches that belong to its associate banks, SBI has 21,500 branches. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidencies banks Bank of Calcutta and Bank of Bombay to form the Imperial Bank of India, which in turn became the State Bank of India. The Government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India. SBI has been ranked 285th in the Fortune Global 500 rankings of the world's biggest corporations for the year 2012. SBI provides a range of banking products through its vast network of branches in India and overseas, including products aimed at non-resident Indians (NRIs). The State Bank Group has the largest banking branch network in India. SBI has 14 local head offices situated at Chandigarh (Punjab & Haryana), Delhi, Lucknow (Uttar Pradesh), Patna (Bihar), Kolkata (West Bengal), Guwahati (North East

Circle), Bhubaneswar (Orissa), Hyderabad (Andhra Pradesh), Chennai (Tamil Nadu), Trivandrum (Kerala), Bengaluru (Karnataka), Mumbai (Maharashtra), Bhopal (Madhya Pradesh) & Ahmedabad (Gujarat) and 57 Zonal Offices that are located at important cities throughout the country. SBI is a regional banking behemoth and is one of the largest financial institutions in the world. It has a market share among Indian commercial banks of about 20% in deposits and loans. The State Bank of India is the 29th most reputed company in the world according to Forbes. Also, SBI is the only bank featured in the coveted "top 10 brands of India" list in an annual survey conducted by Brand Finance and The Economic Times in 2010. The State Bank of India is the largest of the Big Four banks of India, along with ICICI Bank, Punjab National Bank and HDFC Bank its main competitors.

What is the meaning of the sbi bank symbol?

State Bank of India logo is in the shape of a key hole. This symbolizes the banks security. Further the round shape of the logo symbolizes that the bank is the largest bank of India with its branches spread all over the country. THE MEANING OF LOGO OF STATE BANK OF INDIA IS THAT IN SUCH A BIG EARTH (WORLD), WE SERVE EVEN A SMALL MAN ALSO (denoted by a narrow line).

HISTORY OF STATE BANK OF INDIA

The roots of the State Bank of India rest in the first decade of 19thcentury, when the Bank of Calcutta, later renamed the Bank of Bengal, was established on 2 June 1806. The Bank of Bengal and two other Presidency banks, namely, the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July1843). All three Presidency banks were incorporated as joint stock companies, and were the result of the royal charters. These three banks received the exclusive right to issue paper currency in 1861with the Paper Currency Act, a right they retained until the formation of the Reserve Bank of India. The Presidency banks amalgamated on27 January 1921, and the reorganized banking entity took as its name Imperial Bank of India. The Imperial Bank of India continued to remain a joint stock company. Pursuant to the provisions of the State Bank of India Act (1955), the Reserve Bank of India, which is India's central bank , acquired a controlling interest in the Imperial Bank of India. On 30 April 1955the Imperial Bank of India became the State Bank of India. The Govt. India recently acquired the Reserve Bank of India's stake in SBI so as to remove any conflict of interest because the RBI is the country's banking regulatory authority.

Offices of the Bank of Bengal In 1959 the Government passed the State Bank of India (Subsidiary Banks) Act, enabling the State Bank of India to take over eight former State-associated banks as its subsidiaries. On Sept 13, 2008,State Bank of Saurashtra, one of its Associate Banks, merged with State Bank of India. SBI has acquired local banks in rescues. For instance, in 1985, it acquired Bank of Cochin in Kerala, which had 120 branches. SBI was the acquirer as its affiliate, State Bank of Travancore, already had an extensive network in Kerala.

ASSOCIATE BANKS OF STATE BANK OF INDIA

There are six associate banks that fall under SBI, and together these six banks constitute the State Bank Group. All use the same logo of a blue keyhole and all the associates use the "State Bank of" name followed by the regional headquarters' name. Originally, the then seven banks that became the associate banks belonged to princely states until the government nationalized them between October, 1959and May, 1960. In tune with the first Five Year Plan, emphasizing the development of rural India, the government integrated these banks into State Bank of India to expand its rural outreach. There has been a proposal to merge all the associate banks into SBI to create a "mega bank" and streamline operations. The first step along these lines occurred on 13 August 2008 when State Bank of Saurashtra merged with State Bank of India, which reduced the number of state banks from seven to six. Furthermore on 19th June 2009 the SBI board approved the merger of its subsidiary, State Bank of Indore, with itself. SBI holds 98.3% in the bank, and the balance 1.77% is owned by individuals, who held the shares prior to its takeover by the government. The acquisition of State Bank of Indore will help SBI add 470 branches to its existing network of 11,448. Also, following the acquisition, SBIs total assets will inch very close to the Rs 10-lakhcrore mark. Total assets of SBI and the State Bank of Indore stood at Rs 998,119 crore as on March 2009.