state bank of india:

state bank of hyderabad and State Bank of India (SBI) (LSE: SBID) is the largest bank in India. It is also, measured by the number of branch offices and employees, the second largest bank in the world.

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[citation needed] The bank traces its ancestry back 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.

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The Government of India nationalised 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 provides a range of banking products through its vast network in India and overseas, including products aimed at NRIs. With an asset base of $126 billion and its reach, it is a regional banking behemoth. SBI has laid emphasis on reducing the huge manpower through Golden handshake schemes and computerizing its operations.

state bank of hyderabad and the State Bank Group, with over 16000 branches , has the largest branch network in India. It has a market share among Indian commercial banks of about 20% in deposits and advances, and SBI accounts for almost one-fifth of the nation’s loans.[2]

State Bank of India (California) is fully owned by State Bank of India, one of the strongest banks in the World, with controlling ownership by Government of India.

State Bank of India (California), a California Banking Corporation is presently rated by "Bankrate.com" by * * * * (Four stars) indicating “Sound Rating” under the “Safe and Sound Rating System” based on the financial strength and stability of the Bank. (where 5 Stars is the most desirable and 1 star is the least desirable rating) (State Bank of India (California) is not affiliated to Bankrate.com).

state bank of hyderabad and SBI freezes new car loans interest rates at 10% for one year: Credit to farmers at 8 per cent ...

SBI & it's associate banks double their net profits in the third quarter...

SBI offers lowest home loan rates at 8% to stimulate the home loan market...

SBI has slashed both lending and deposit rates in step with the government's move to ease rates and make credit available. These rate cuts will be effective from 1 January 2009...

State Bank of India adjudged Best Bank from India for 2008, by The Banker..

Insurance Australia Group (IAG) and State Bank of India (SBI) to establish a general insurance company...

SBI hikes Non Resident deposit rates....

State Bank of India (SBI) has announced reduction in both lending and deposit rates....

As many as 80,000 officers of SBI and its associate banks will strike work in 15,000 branches on 18th August 2008 to protest the merger of SBI and State Bank of Saurashtra, according to All-India State Bank Officers Federation in state bank of india branches.

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