FACTS ABOUT SBI : The largest Bank of India

FACTS ABOUT SBI : The largest Bank of India

Written By Admin on April 18, 2014 | Friday, April 18, 2014

# State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were merged to form the Imperial Bank of India.

# In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the Imperial Bank of India.

# State Bank of India (SBI) is a multinational banking and financial services company based in India. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

# In 1959, the government passed the State Bank of India (Subsidiary Banks) Act, which made 8 state banks associates of SBI. In 1963, State Bank of Bikaner and State Bank of Jaipur were merged to form State Bank of Bikaner & Jaipur (SBBJ).In 13 September 2008, State Bank of Saurashtra merged with the parent bank – SBI. In 2010, State Bank of Indore was merged with SBI.

# The logo of the State Bank of India is a blue circle with a small cut in the bottom that depicts perfection and the small man the common man - being the center of the bank's business.

# Slogans: "PURE BANKING, NOTHING ELSE", "WITH YOU - ALL THE WAY", "A BANK OF THE COMMON MAN", "THE BANKER TO EVERY INDIAN", "THE NATION BANKS ON US"

# As of December 2013, it had assets of US$388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.

# SBI group consists of SBI and 5 associate banks.

1. State Bank of Bikaner & Jaipur

2. State Bank of Hyderabad

3. State Bank of Mysore

4. State Bank of Patiala

5. State Bank of Travancore