State Bank of India

State Bank of India Type Public Traded as NSE: SBIN BSE: 500112 LSE: SBID BSE SENSEX Constituent Industry Banking, financial services Founded 1 July 1955 Headquarters Mumbai, Maharashtra, India Area served Worldwide Key people Pratip Chaudhuri (Chairman) Products Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, wealth management Revenue US$ 36.950 billion (2012) Profit US$ 3.202 billion (2012) Total assets US$ 359.237 billion (2012) Total equity US$ 20.854 billion (2012) Owner(s) Government of India Employees 292,215 (2012) Website www.sbi.co.in http://en.wikipedia.org/wiki/State_Bank_of_India The roots of the State Bank of India lie in the first decade of 19th century, when the Bank of Calcutta, later renamed the Bank of Bengal, was established on 2 June 1806. The Bank of Bengal was one of three Presidency banks, the other two being the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843). 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 till 1861 when with the Paper Currency Act, the right was taken over by the Government of India. The Presidency banks amalgamated on 27 January 1921, and the re-organised banking entity took as its name Imperial Bank of India. The Imperial Bank of India remained a joint stock company but without Government participation. Pursuant to the provisions of the State Bank of India Act of 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 1955, the Imperial Bank of India became the State Bank of India. The government of 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. The State Bank of India and all its associate banks are identified by the same blue keyhole logo. The State Bank of India wordmark usually has one standard typeface, but also utilises other typefaces. As of 28 June 2013, the bank had 180 overseas offices spread over 34 countries. It has branches of the parent in Moscow, Colombo, Dhaka, Frankfurt, Hong Kong, Tehran, Johannesburg, London, Los Angeles, Male in the Maldives, Muscat, Dubai, New York, Osaka, Sydney, and Tokyo. It has offshore banking units in the Bahamas, Bahrain, and Singapore, and representative offices in Bhutan and Cape Town. It also has an ADB in Boston, USA. http://en.wikipedia.org/wiki/Ramat_Gan Ramat Gan (Hebrew: רָמַת גַּן is a city in the Tel Aviv District of Israel, located east of Tel Aviv. It is home to one of the world's major diamond exchanges, many high-tech industries, and Israel's tallest building, the Moshe Aviv Tower. Ramat Gan was established in 1921 as a moshava, a communal farming settlement. http://en.wikipedia.org/wiki/John_Mathai John Mathai, CIE (10 January 1886--1959) was an economist who served as India's first Railway Minister and subsequently as India's Finance Minister,[1] taking office shortly after the presentation of India's first Budget, in 1948. Mathai graduated in economics from Madras Christian College. He served as a part-time professor in University of Madras from 1922 to 1925. He presented two Budgets, but resigned following the 1950 Budget in protest at the increasing power of the Planning Commission and P. C. Mahalanobis. He was the first Chairman of the State Bank of India when it was set up in 1955. His nephew, Verghese Kurien, was the father of India's White Revolution. His son, Ravi J. Mathai, was the Founder Director of the prestigious Indian Institute of Management, Ahmedabad. Dr. John Mathai Centre, Thrissur, located on the large plot of land donated by his family, is named in his honour. John Mathai was appointed a Companion of the Order of the Indian Empire (CIE) in 1934, and was awarded the Padma Vibhushan in 1976. http://en.wikipedia.org/wiki/State_Dining_Room The 1902 mantel was restored during the Kennedy renovation and includes the inscription placed there by Franklin D. Roosevelt, from a letter by John Adams to his wife Abigail written immediately after he first moved into the house on SATURDAY 1-11- 1800: " I pray Heaven to bestow the best of blessings on this House, and all that shall hereafter inhabit it. May none but honest and wise men ever rule under this roof. " McKim's mahogany consoles were painted ivory white and the eagle supports and bowknots gilded; the new color scheme for those pieces were intended to make the pieces blend into the paneling. http://www.imdb.com/title/tt0315487/ http://en.wikipedia.org/wiki/Dhoti_Lota_Aur_Chowpatty

• published: 01 Jul 2013
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