Q1-Why do we work or
do job?
Q1-Why do we work or do
job?
A1-We do job for earn
money.
Q1-Why do we work or do
job?
A1-We do job for earn money.
Q2- Where you save your
money?
Q1-Why do we work or do job?
A1-We do job for earn money.
Q2- Where you save your money?
A2-We save our money in
banks.
Q1-Why do we work or do job?
A1-We do job for earn money.
Q2- Where you save your money?
A2-We save our money in banks.
Q3-What is the current name of
imperial bank?
Q1-Why do we work or do job?
A1-We do job for earn money.
Q2- Where you save your money?
A2-We save our money in banks.
Q3-What is the current name of
imperial bank?
A3-------------------------------------------
INTRODUCATION
STATE BANK OF INDIA (SBI) is an
Multinational banking and financial
services company based in India.
It is government-owned corporation with
its headquarter in Mumbai, Maharashtra.
It is a Public sector bank with maximum
no. of foreign branches and one of four
top banks running in India.
State Bank of India (SBI), with a 200 year
history is the largest commercial bank in
India.
In terms of assets, deposits, profits,
branches, customers and employees SBI is
largest bank.
The Government of India is the single
largest shareholder of this Fortune 500
entity with 61.58% ownership.
Chairperson of SBI- Rajnish kumar
Tagline of SBI-With you all the way, Pure
Banking Nothing Else, The Nation's banks
on us.
HISTORY OF THE SBI
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).
Cont……
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 1 July 1955, the Imperial Bank of India
became the State Bank of India.
Q1-What is the tag line of SBI?
Q2- What is the establishment year
of SBI
A)1 OCT 1954
B) 1 JULY 1956
C)1 JULY 1955
D)I OCT 1957
FUNCTIONS OF SBI
State Bank of India acts as an agent of
Reserve Bank of India. And also performs the
following functions:
Bank borrow the money from public by
accepting deposits.
It lends money to merchants and
manufactures for short period.
Bank acts as Banker’s bank. Bank provides
loans to the Commercial Bank when
required.
Bank also act as the clearing house of
commercial bank.
SBI bank also act as Reserve Bank of
India. Because the bank maintain the
treasuries of State Government.
Q-HowSBI borrow money
from public?
Recaptualisation
True /false
1)Reserve bank of India acts as an agent of
SBI.------------
2) SBI headquarter in Mumbai, Maharashtra.
-------------
3) On 5 July 1955, the Imperial Bank of
India became the State Bank of India.-------
Home assignment
Q- Write down any five functions
of SBI?