BANKING SYSTEM IN INDIA.doc

7/23/2019 BANKING SYSTEM IN INDIA.doc

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BANKING SYSTEM IN INDIA

Introduction:

This chapter provides insight into banking system in to parts! "art#A covers$

concept% meaning and de&inition o& Bank% history and groth o& banking

system in India% ro'e o& banking system in economic deve'opment o& India%

Types o& Banks% ()nctions o& commercia' banks! "art#B inc')des in&ormation

on historica' perspective o& State Bank o& India% and its associate banks% non#

banking s)bsidiaries and *oint vent)res% Schemes +Deposits ,s -oans.!

Bank Concept:

G)'ati +/011. de&ined the concept o& Bank in her book 2Banking and Ins)rance

"rincipa' and "ractices3 p)b'ished by E4ce' book% Ne De'hi

Bank is a &inancia' instit)tion hich receives deposits &rom the p)b'ic and

provide 'oan &rom needy peop'e! At the time o& g'oba'i5ation% banks are not

on'y invo'ved in its norma' activities b)t they a'so per&orm "ara Banking

Activities s)ch as Ins)rance% M)t)a' ()nd B)siness and Investment in Stock

E4changes etc!1

In absence o& banking in India the money 'enders and individ)a's ere

hand'ing a'' &inancia' activities and individ)a's need to pay high rate o&

interest! In ear'ier time there ere no sec)rity o& p)b'ic deposits and no

e6)a'ity regarding 'oans! (or avoiding s)ch prob'ems the organi5ed banking

sector as estab'ished% hich as &)''y coordinated by the government!

1G)'ati +/011. de&ined the concept Bank in her book 2Banking and Ins)rance "rincipa' and "ractices3 p)b'ished by E4ce' book% Ne

De'hi


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The di&&erent types o& &)nctions to the bank e4p'ain their need and importance$

Bank provide the sec)rity to the deposits o& c)stomers!

Bank contro' the s)pp'y o& money and credit!

To avoid the poers o& money 'enders and individ)a's etc!

Bank is a &inancia' instit)tion and &inance is the 'i&e b'ood o& trade% commerce

and ind)stries! It is a back bone o& a modern b)siness and p'ays an important

ro'e &or deve'opment o& a co)ntry!

Meaning of Bank:

The ord bank is derived &rom o'd Ita'ian ord bancaor &rom a (rench ord

banqueboth means a bench or money e4change tab'e! In o'den days% E)ropean

money 'enders or money changers )sed to disp'ay coins o& di&&erent co)ntries

in big 6)antity on benches or tab'es &or the p)rpose o& 'ending or e4changing!/

A'' kno% peop'e earn money and that money he'ps to meet their dai'y

e4penses! They a'so need money &or &)t)re e4penses! In &)t)re some are heavy

e4penses! These e4penses can be easi'y shorto)t i& some money is saved o)t o&

the present income! In this p)rpose savings are avai'ab'e &or )se henever

needed b)t its invo'ved the high risk 'ike 'ost by the&t% robbery etc! so% peop'e

anted a p'ace here money co)'d be saved sa&e'y and a'so avai'ab'e hen it

re6)ired! Banks are s)ch p'ace here peop'e can deposits their saving andhenever they re6)ired they can easi'y ithdra money &orm their saving!7

/+http$88ka'yan#city!b'ogspot!com8/01180/8hat#is#bank#introd)ction#de&inition!htm' .

3(https://online.vmou.ac.in/oldweb/studymaterial/BBA%2010.pd! 201"#
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Definitions of Bank :

The term 9Bank: has been de&ined in di&&erent ays by di&&erent economists

+Somashekar% /00;.! A &e de&initions are cited by him as &o''oso)sing Sector

n ;th)'y1;% Government o& India +GI. as started The Nationa' >o)sing

Bank +N>B. )nder the act o& the Nationa' >o)sing Bank Act% 1;! Its main

motto as to deve'opment o& the ho)sing sector!

7! -arge Sca'e Ind)stries +-SI.

In 1;@% Ind)stria' Deve'opment Bank o& India +IDBI. as estab'ished! Its

orking as a s)bsidiary o& the FBI! IDBI main &)nction as to provide

medi)m and 'ong term 'oan to -SI! This bank gives a 'ot o& services 'ike

merchant banking% corporate advisory services% &oreign e4change services etc!

@! Agric)'t)re and F)ra' Deve'opment

In 1;/% 9Agric)'t)re ?redit Department: and 9Agric)'t)re JFe&inance and

deve'opment ?orporation: as ama'gamated and &orm a ne )nit Nationa'Bank &or Agric)'t)re F)ra' Deve'opment +NABAFD.! It promotes the

agric)'t)re sector and a'so he'p to deve'oped the r)ra'! A'' &inancia' instit)tions

that provide credit to agric)'t)re and r)ra' deve'opment coordinate by

NABAFD!


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C! Enhance (oreign Trade

In an)ary 1;/% The E4port#Import Bank o& India +ELIM. as estab'ished!

M)mbai as the head6)arter o& ELIM! Its main ob*ect as to promote

&oreign trade services in term o& import and e4port!

!Fevie o& Sick Hnits

Ind)stria' investmentBank o& India +IIBI. has been started by Government o&

India +GI. to he'p sick )nits! The main ob*ect is he'p to restart sick#

)nits! IIBI providing 'oan o& sick )nits &or moderni5ation% restr)ct)ring

and diversi&ication!

! Entreprene)rship Deve'opment

Bank s)ch as NABAFD% State Ind)stria' Deve'opment Banks and State

(inance ?orporations give g)idance to entreprene)rs&or deve'oping 'eadership

and b)siness management ski''s! (or the bene&it o& entreprene)rs they cond)ct

seminars and orkshops a'so!

! Fegiona' Deve'opment

(or the deve'opment o& r)ra' and 'oca' areas banks he'p to avai' a 'oan &aci'ity!

Banks provide 'oan to start their ork &or the companies in r)ra' areas! They

a'so provide 'oan &or pro*ect management!

;! ?ontrib)tion to ?apita' Markets
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Sometimes capita' &ormation and economic groth o& the co)ntry is depend on

the capita' market! (or this p)rpose banks he'p to deve'op the capita' market!

They in garage peop'e to invest in e6)ity shares and debent)res o& vario)s

'isted companies in India! 10

Type o& Banks

!neagep)b'ishers!com8samp'echapte !0017!pd&

There are di&&erent types o& bank is orking in India! Main'y they are

distrib)ted in to parts!

?entra' Bank

?ommercia' Banks

?ommercia' bank is a'so c'assi&ied into di&&erent parts s)ch as deposit banks%

ind)stria' banks% savings banks% agric)'t)ra' banks% e4change banks% and

misce''aneo)s banks!

Types o& Banks

10 (http://alyan)city.blo$spot.com/2012/0"/what)are)unctions)o)development)bans.html! 201"#
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?entra' Bank ?ommercia' Banks

Deposit Banks Savings Banks E4change Banks

Ind)stria' Banks Agric)'t)ra' Banks Misce''aneo)s

Banks

https$88on'ine!vmo)!ac!in8o'deb8st)dymateria'8BBA/010!pd&

1! ?entra' Bank $#

?entra' Bank is a'so ca''ed The banker:s bank! The main &)nction o& this bank

is to contro' the credit and the monopo'y o& iss)ing c)rrency on beha'& o& the

government! In India The Feserve Bank o& India is a centra' bank!

In the ords o& De Kock% The privi'ege o& note#iss)e as a'most everyhere

associated ith the origin and deve'opment o& centra' banks!

/!?ommercia' Banks $#


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A commercia' bank is a bank that operates &or pro&it! The main &)nction o& this

bank is to acceptance o& deposits% "rovide 'oans etc!

!neagep)b'ishers!com8samp'echapte !0017!pd&

a! Deposit Banks$Deposit Bank is the main part o& commercia' bank! "eop'e hich be'ong

&rom b)siness c'ass have connected ith deposit banks! Main &)nction o&

this bank is accept money as a &orm o& deposits &rom genera' p)b'ic and

provide as a &orm o& 'oan to needy peop'e!b! Ind)stria' Banks$

Ind)stria' banks are those bank hich he'p those ind)stria'ists ho ant'oan &or a 'ong period to r)n their ind)stries! As e'' as the bank

p)rchase shares and debent)res &rom companies% and a''o them to have

&i4ed capita'!A&ter the independence% so many ind)stria' banks ere orking in India!

These are The Ind)stria' (inance ?orporation +I!(!?!.% The State (inancia'

?orporations +S!(!?!.% Ind)stria' ?redit and Investment ?orporation o&

India +I?I?I. and Ind)stria' Deve'opment Bank o& India +IDBI. etc!

c! Savings Banks$

Saving banks are those banks hich motivate peop'e to save their money

&or &)t)re e4penses! Main'y the poor and midd'e c'ass peop'e to

enco)rage &or saving! A&ter nationa'i5ation most o& the nationa'i5ed

banks accept the saving deposits!

d! Agric)'t)ra' Banks$Agric)'t)re occ)pation is the main &)nction in India! Those bank provide

'oan &or agric)'t)re p)rpose ca''ed agric)'t)re banks! These banks are

contro''ed by cooperative societies! These banks provide 'oan in term o&
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short term% medi)m term and 'ong term! In India main'y to types o&

agric)'t)re banks are orking$

+a. Agric)'t)ra' ?o#operative Banks% and

+b. -and Mortgage Banks!

Short term 'oan is main'y provided by ?o#operative Banks and 'ong term

'oan is provided by -and Mortgage Banks!

e! E4change Banks$

E4change bank p'ays an important ro'e &or the deve'opment o& &oreign

trade o& the co)ntry! an)ary 1st1;/% The E4port#Import Bank o& India

+ELIM Bank. as estab'ished! They provide 'oan &or &oreign trade! The

main &)nction o& these banks are to disco)nt% accept and co''ect &oreign

bi''s o& e4change! These banks promote the import and e4port o& the

co)ntry!

&! Misce''aneo)s Banks$

There are certain kinds o& banks hich have arisen in d)e co)rse to meet

the specia'ised needs o& the peop'e! In Eng'and and America% there are

investment banks hose ob*ect is to contro' the distrib)tion o& capita'

into severa' )ses! American Trade Hnions have got 'abo)r banks% here

the savings o& the 'abo)rers are poo'ed together! In -ondon% there are the

-ondon Disco)nt >o)se hose b)siness is 2to go abo)t the city seeking


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&or bi''s to disco)nt!3 There are n)mero)s types o& di&&erent banks in the

or'd% carrying on one or the other banking b)siness!

(HN?TINS ( ?MMEF?IA- BANKS

(or the deve'opment o& a co)ntry banks p'ay an important ro'e! Be&ore the pre

nationa'i5ation bank have to per&orm on'y deposits o& money b)t a&ter

nationa'i5ed they per&orm a variety o& &)nctions hich he'ps to deve'oped and

deve'oping co)ntries! That &)nction can be divided into to types $

A! "rimary ()nctions

B! Secondary ()nctions

"rimary ()nctions$#

"rimary &)nctions are a'so c'assi&ied )nder these &)nction $

1! Acceptance o& deposits

/! Advancing 'oans

Acceptance o& deposits$

Accepting deposits is the &irst main basic &)nction o& a commercia' bank! Bank

receives deposits &rom p)b'ic in &orm o& saving and 'end them to needy person

&or a short period! Bank accept money &rom peop'e in three ays$

+a. ?)rrent Deposits

+b.Savings Deposits

+c. (i4ed Deposits!

?)rrent Deposits$


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?)rrent deposit is a'so ca''ed demand deposits! These deposits are

genera''y )sed by b)sinessmen and ind)stria'ists! ?)rrent Acco)nt never

)sed &or the p)rpose o& investment or savings! No interest is paid by banks

on these acco)nts! Most o& the c)rrent acco)nt are opened in the names o&

&irm 8 company acco)nts! There are no 'imits &or n)mber o& transactions in

a day!

Savings Deposits$

Those peop'e ants to save their money &or a short period they )sed saving

deposits! Interest is paid by banks on these acco)nts! Genera''y the acco)ntis opened by individ)a's! Ti'' /@thctober /011% the interest on Saving

Deposits as reg)'ated by FBI b)t &rom /Cthctober /011 banks are &ree

to decide the same ithin certain conditions imposed by FBI!

(i4ed Deposits$

(i4ed Deposits is a'so ca''ed 2time deposits3 or 2Bond3! The term &i4ed

is denotes the period o& mat)rity! The period o& mat)rity is &rom days to

10 years! Interest is paid by banks on these acco)nts are higher than saving

acco)nts!

Advancing -oans$

Advance 'oan is second main basic &)nction o& a commercia' bank! Banks

provide 'oan &or a'' types o& person specia''y b)sinessmen and

entreprene)rs!

This types o& 'oan is avai' &or a short period! Genera''y this types o& 'oans

are made against sec)rity! There are many ay o& 'ending is by $


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+a. verdra&t (aci'ities

+b. ?ash ?redit

+c. Disco)nting Bi''s o& E4change

+d. Money at ?a''

+e. Term -oans

+&. ?ons)mer ?redit

+a. verdra&t (aci'ities$#

Those c)stomer is having a good standing can avai' a overdra&t &aci'ity!

Genera''y the b)sinessmen )sed this type o& 'oan &aci'ity! The 'imit o&

overdra&t is varies &rom c)stomer to c)stomer depending on his &inancia'

position! Banks charge interest on overdra&t amo)nt!

+b.?ash ?redit $#

According to the agreement bank provide cash credit &aci'ity to the

borroers ho is having a certain sec)rity! B)t the &)'' amo)nt o& 'oan is

not given in a partic)'ar time% instead o& this bank provide &aci'ity to

their c)stomer that they can ithdra the amo)nt henever they ant!

Bank charge interest on'y on the amo)nt o& credit avai'ed to the

c)stomer!

+c. Disco)nting Bi''s o& E4change$#

No a days this type o& 'ending is very pop)'ar in the market by modern

banks! =hen the person need o& money and he is the ho'der o& bi'' can

get it disco)nted &rom bank! Bank p)rchase a this type o& bi'' &rom the

ho'der and pays the amo)nt o& the bi'' a&ter ded)cting his commission!


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A&ter the mat)rity o& the bi''s% the banks get back its &)'' va')e &rom the

party hich had accepted the bi''! These bi''s are sa&e and sec)red bi''s!

+d.Money at ?a''$#

Money at ca'' means 'oan grant by banks &or a very short period not

E4ceeding days! Genera''y the dea'ers and brokers &rom stock

e4change markets avai' this types o& &aci'ity!

+e. Term -oans$#Traders and ind)stria'ists avai' a &aci'ity o& term 'oan and no a days

agric)'t)rists a'so avai' a &aci'ity o& term 'oan against some co''atera'

sec)rities! Term 'oan is ca''ed so#ca''ed beca)se the period o& 'ending is

di&&erent &rom person to person and the mat)rity period is beteen 1 to

10 years!

+&. ?ons)mer ?redit$#

Banks a'so &inance to p)rchases a ho)seho'd items 'ike te'evision sets%

re&rigerators% Air condition% etc! this types o& credit is ca''ed cons)mer

credit! This types o& 'oan is made in a ')mp s)m and repayment in

insta''ments in a short period!

Secondary ()nctions

Secondary &)nctions are a'so c'assi&ied )nder these &)nction $

1! Agency Services

/! Genera' Hti'ity Services


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Agency Services$

Banks a'so provide some agency services to his c)stomers! The agency

services are p'ay an important ro'e in b)siness or'd! There are 'ots o& agency

services are provide by banks &or and on beha'& o& their c)stomer are as

&o''os$

+a. ?o''ection and "ayment o& ?redit Instr)ments$ Banks co''ect and pay

vario)s credit instr)ments 'ike che6)es% bi''s o& e4change% promissory

notes etc!% on beha'& o& their c)stomers!

+b. ")rchase and Sa'e o& Sec)rities$ Banks p)rchase and se'' vario)s sec)rities

'ike shares% stocks% bonds% debent)res on beha'& o& their c)stomers!

+c. ?o''ection o& Dividends on Shares$ Banks co''ect dividends and interest on

shares and debent)res o& their c)stomers and credit them to their

acco)nts!

+d. Acts as ?orrespondent$ Sometimes banks act as representative and

correspondents o& their c)stomers! They get passports% trave''er:s

tickets and even sec)re air and sea passages &or their c)stomers!

+e. Income#ta4 ?ons)'tancy$ Banks may a'so emp'oy income ta4 e4perts to

prepare income ta4 ret)rns &or their c)stomers and to he'p them to get

re&)nd o& income ta4!

+&. E4ec)tion o& Standing rders$ Banks e4ec)te the standing instr)ctions o&

their c)stomers &or making vario)s periodic payments! They pay


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s)bscriptions% rents% ins)rance premia etc!% on beha'& o& their

c)stomers!

+g. Acts as Tr)stee and E4ec)tor$ Banks preserve the 9=i''s: o& their c)stomers

and e4ec)te them a&ter their death!

7! Genera' Hti'ity Services$#

Banks a'so provide some other )ti'ity services &or his c)stomers are as &o''o$

a. -ocker (aci'ity$

As a sec)rity point o& vie bank gives a 'ocker &aci'ity to theirc)stomers! The c)stomers can keep their va')ab'e things 'ike go'd

ornaments% si'ver ornaments and important doc)ments s)ch as shares%

debent)res and registries in this 'ockers!

+b. Trave''er:s ?he6)es and ?redit ?ards$

No a days it is very risky to carry cash ith them d)ring the trave's! So

banks provide trave''er:s che6)es and credit card &aci'ity to their c)stomer!

Beca)se o& this &aci'ity c)stomers trave' itho)t any &ear!

+c . -etter o& ?redit$#

The banks are iss)ed 'etters o& credit to their c)stomers certi&ying their credit

'imit! In &oreign trade this 'etter p'ay an important ro'e!

+d.?o''ection o& Statistics$


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Banks are co''ecting a 'ots o& statistica' data &rom trade% commerce%

ind)stries% money and banking sector! Beca)se o& this data bank p)b'ish

va')ab'e *o)rna's and b)''etins!

+e. Hnderriting Sec)rities$

Banks )nderrite the shares and debent)res iss)ed by the Government%

p)b'ic or private companies!

+&. Accepting Bi''s o& E4change on Beha'& o& ?)stomers$

Sometimes% on beha'& o& their c)stomers banks accept bi''s o& e4change%interna' as e'' as &oreign! Thro)gh this c)stomers to import goods!

+g.Merchant Banking$

To provide merchant banking services some o& the commercia' banks

have opened merchant banking divisions!

>istorica' prospective o& State Bank o& India $#

!sbi!co!in % !ikipedia!com% economictimes!indiatimes!com O !!! O

Stock P)otesO State Bank o& India

n /nd)ne 10% The &o)ndation day o& State Bank o& India goes back to the

the &irst decade o& 1;th cent)ry% hen the Bank o& ?a'c)ttaas estab'ished!n /nd an)ary 10;% the bank received its charter &rom the imperia'

government and as re#named as the Bank o& Benga'! As a oint stock

company there ere three "residency banks ere incorporated! These

presidency banks ere The Bank o& Bombay +incorporated on 1C Apri' 1@0.
http://www.sbi.co.in/http://www.wikipedia.com/http://economictimes.indiatimes.com/currentquote.cmshttp://economictimes.indiatimes.com/state-bank-of-india/stocks/companyid-11984.cmshttp://en.wikipedia.org/wiki/Bank_of_Calcuttahttp://www.sbi.co.in/http://www.wikipedia.com/http://economictimes.indiatimes.com/currentquote.cmshttp://economictimes.indiatimes.com/state-bank-of-india/stocks/companyid-11984.cmshttp://en.wikipedia.org/wiki/Bank_of_Calcutta


24/62

and the Bank o& Madras +incorporated on 1 )'y 1@7. &o''oed the Bank o&

Benga'! In 11% according to paper c)rrency act% these banks ere received

the specia' right to iss)e paper c)rrency! The right they retained )nti' the

&ormation o& the Feserve Bank o& India! n /than)ary 1;/1 these presidency

banks ere merged as a Imperia' Bank o& India! The Imperia' Bank o& India

contin)e a *oint stock company b)t itho)t government participation!

According to the State Bank o& India act 1;CC% the Feserve Bank o& India

ac6)ired a contro''ing interest in the Imperia' Bank o& India! The Imperia'

Bank o& India became the State Bank o& India on 70thApri' 1;CC!

The government passed the State Bank o& India +S)bsidiary Banks. Act in 1;C;

hich made eight state banks associates o& SBI!

1! State Bank o& Bikaner and aip)r +SBB./! State Bank o& >yderabad +SB>.7! State Bank o& Mysore +SBM.@! State Bank o& "atia'a +SB".C! State Bank o& Travancore +SBT.! State Bank o& Sa)rashtra +SBS.! State Bank o& Indore +SBI.

In 1;;% SBI ac6)ired the &irst bank as the Bank o& Behar +estab'ished

in 1;11. ith its / branches! The ne4t year in 1;0 SBI ac6)ired the

second bank as Nationa' Bank o& -ahore +estab'ished in 1;@/. ith its

/@ branches! A&ter &ive years in 1;C SBI ac6)ired Krishnaram Ba'deo

Bank +estab'ished in 1;1.!

n 17thSeptember /00 State Bank o& Sa)rashtra merged ith SBI and

on /thA)g)st /010 State Bank o& Indore merged ith SBI! A&ter the
http://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Imperial_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Imperial_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_India


25/62

merger o& state bank o& sa)rashtra and state bank o& indore the SBI has

&ive associates! These are $

1! State Bank o& Bikaner and aip)r +SBB.

/! State Bank o& >yderabad +SB>.

7! State Bank o& Mysore +SBM.

@! State Bank o& "atia'a +SB".

C! State Bank o& Travancore +SBT.

https$88!sbb*bank!com8Abo)t#Hs8history!htm

State Bank o& Bikaner and aip)r +SBB. $

State Bank o& Bikaner and aip)r +SBB. is an associate bank o& SBI! As on 70 th

September /017 SBB had 10@; branches in a'' over India o)t o& this /

'ocated in the state o& Fa*asthan!

In 1;0% State bank o& aip)r +estab'ished in 1;@7. and State bank o& Bikaner

+estab'ished in 1;@@. ere incorporated as s)bsidiaries o& State Bank o& India!

n 1stan)ary 1;7 these banks ere merged and State Bank o& Bikaner and

aip)r as came into e4istence! This bank as s)bsidiary o& SBI )nder the

State Bank o& India +S)bsidiary Bank. Act% 1;C;!

SBI he'd C shares o& SBB and remaining /C shares &or instit)tions and

genera' p)b'ic! n /CthApri' 1; bank took over the b)siness o& the Govind

Bank "vt! -td% Math)ra!


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Three Fegiona' F)ra' Banks ere sponsored and estab'ished by SBB! These

banks ere Marar Gramin Bank +estab'ished in 1;.% Sriganganagar

Kshetriya Gramin Bank +estab'ished in 1;@. and Bikaner Kshetriya Gramin

bank +estab'ished in 1;C.! n 1/th)ne /00 these three banks ere merged

and ne bank as &ormed as a MGB Gramin Bank! n /C th (ebr)ary /017

MGB Gramin Bank+sponsored by SBB. and Thar Gramin Bank +Sponsored by

H? Bank. ere merged into a sing'e Fegiona' F)ra' Bank named Mar)dhara

Gramin Bank +sponsored by SBB. ith >ead o&&ice at odhp)r!

State Bank o& >yderabad +SB>.

http$88!sbhyd!com8abo)t#)s8banks#pro&i'e8

State Bank o& >yderabad as constit)ted as >yderabad State Bank on

0!0!1;@1 )nder >yderabad State Bank Act% 1;@1! The Bank started ith the

)ni6)e distinction o& being the centra' bank o& the ersthi'e State o&

>yderabad% covering present#day Te'angana region o& Andhra "radesh%

>yderabad Q Karnataka o& Karnataka state and Marathada o& Maharashtra

state% to manage its c)rrency Q smania Sikka and p)b'ic debt apart &rom the

&)nctions o& commercia' banking! The &irst branch o& the bank as opened at

G)n&o)ndry% >yderabad on Cth Apri'% 1;@/!

In 1;C7% the Bank took over the assets and 'iabi'ities o& the >yderabad

Mercanti'e Bank -td! In the same year% the Bank started cond)cting


27/62

Government and Treas)ry b)siness as agent o& Feserve Bank o& India! In 1;C%

the Bank as taken over by Feserve Bank o& India as its &irst s)bsidiary and its

name as changed &rom >yderabad State Bank to State Bank o& >yderabad!

The Bank became a s)bsidiary o& State Bank o& India on the 1st ctober 1;C;

and is no the 'argest Associate Bank o& State Bank o& India!

A'' the branches o& the Bank are tota''y netorked )nder ?ore Banking

So')tions% o&&ering a vide range o& prod)cts to it:s c)stomers! A'' the c)stomers

o& the Bank have access to the 'atest techno'ogies 'ike Internet Banking% ATMs

etc! The Bank has pan India presence and operates thro)gh more than 100

Bank branches!

State Bank o& Mysore +SBM. $

http$88!statebanko&mysore!co!in8history!htm'

State Bank o& Mysore is the s)bsidiary o& SBI! In 1;17% The State Bank o&

Mysore as estab'ished as the Bank o& Mysore -td! Hnder the enco)ragement

o& then Mahara*a o& Mysore% Sri Krishnara*a =odeyar I,! D)ring 1;C7%

Feserve Bank o& India appointed Mysore Bank as its agent! In March 1;0%

according to State Bank o& India +s)bsidiary Banks. Act 1;C; it became a

s)bsidiary o& the State Bank o& India!

State Bank o& "atia'a +SB".

http$88en!ikipedia!org8iki8StateRBankRo&R"atia'a %

https$88!sbp!co!in8Abo)tHs!asp4
http://en.wikipedia.org/wiki/State_Bank_of_Patialahttps://www.sbp.co.in/AboutUs.aspxhttp://en.wikipedia.org/wiki/State_Bank_of_Patialahttps://www.sbp.co.in/AboutUs.aspx


28/62

State Bank o& "atia'a is an associate bank o& SBI! n 1 th November 1;1

Mahara*a Bh)pinder Singh% Mahara*a o& the "atia'a state% &o)nded the "atia'a

State Bank! The main aimed &or the estab'ished o& SB" as to &)rther groth

o& agric)'t)re% trade and ind)stria' areas!

n 1st Apri' 1;0 Bank o& "atia'a became a s)bsidiary o& SBI and as

renamed State Bank o& "atia'a! SB" had 1010 branches in a'' over India% b)t

most o& the branches are sit)ated in the Indian states o& ")n*ab% >aryana%

>imacha' "radesh% Fa*asthan% Madhya "radesh% amm) Kashmir% De'hiand

G)*arat!

State Bank o& Travancore +SBT.$#

http$88en!ikipedia!org8iki8StateRBankRo&RTravancore>istory

State Bank o& Travancore is an associate bank o& SBI! In 1;@C as the proposa'

o& ?! "! Famasami Iyer% then Divan o& Travancore as estab'ished

Travancore bank -td! The bank no 'onger credited the ro'e d)e to the vio'ent

resentment against the dictatoria' r)'e o& Sir! ?!"!Famasamy Iyer! The

Mahara*a o& Travancore as the &o)nder o& the bank no credits it! The

Travancore government p)t )p on'y /C o& the capita'% the bank per&orm its

genera' banking b)siness &o''oed by government treas)ry ork and &oreign

e4change b)siness! In 1;0% it became a s)bsidiary o& SBI )nder the SBI

S)bsidiary Banks Act% 1;C;% enacted by the "ar'iament o& India

In 1;C;% The assets and 'iabi'ities o& Indo#Mercanti'e Bank as ac6)ired by

SBT! In 1;1% SBT ac6)ired Travancore (orard Bank +estab'ished in 1;/;.%

Kottayam rient Bank +estab'ished in 1;/.% and Bank o& Ne India
http://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Punjab,_Indiahttp://en.wikipedia.org/wiki/Haryanahttp://en.wikipedia.org/wiki/Himachal_Pradeshhttp://en.wikipedia.org/wiki/Rajasthanhttp://en.wikipedia.org/wiki/Madhya_Pradeshhttp://en.wikipedia.org/wiki/Jammu_%26_Kashmirhttp://en.wikipedia.org/wiki/Delhihttp://en.wikipedia.org/wiki/Gujarathttp://en.wikipedia.org/wiki/State_Bank_of_Travancore#Historyhttp://en.wikipedia.org/wiki/C._P._Ramaswami_Iyerhttp://en.wikipedia.org/wiki/Divanhttp://en.wikipedia.org/wiki/Travancorehttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Parliament_of_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Punjab,_Indiahttp://en.wikipedia.org/wiki/Haryanahttp://en.wikipedia.org/wiki/Himachal_Pradeshhttp://en.wikipedia.org/wiki/Rajasthanhttp://en.wikipedia.org/wiki/Madhya_Pradeshhttp://en.wikipedia.org/wiki/Jammu_%26_Kashmirhttp://en.wikipedia.org/wiki/Delhihttp://en.wikipedia.org/wiki/Gujarathttp://en.wikipedia.org/wiki/State_Bank_of_Travancore#Historyhttp://en.wikipedia.org/wiki/C._P._Ramaswami_Iyerhttp://en.wikipedia.org/wiki/Divanhttp://en.wikipedia.org/wiki/Travancorehttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Parliament_of_India


29/62

+estab'ished in 1;@@. a&ter the Feserve Bank o& Indiap)t the banks )nder

moratori)m! In 1;7% ,as)deva ,i'asam Bank +estab'ished in 1;70. as

ac6)ired by SBT! In 1;@% SBT ac6)ired ?ochin Nayar Bank +estab'ished in

1;/;. and -atin ?hristian Bank +estab'ished in 1;/.% a&ter the Feserve Bank

o& India p)t the banks )nder moratori)m! It a'so ac6)ired ?hampak)'am

?atho'ic Bank+estab'ished in 1;/;.! In 1;C% SBT ac6)ired Bank o& A'aye

+estab'ished in 1;@/.% and ?ha'dean Syrian Bank+estab'ished in 1;1.!

NN BANKING SHBSIDIAFIES

https$88!sbi!co!in8porta'8eb8a&&i'iates8non#banking#s)bsidiaries

The Bank has the &o''oing Non#Banking S)bsidiaries in India$

SBI ?apita' Markets -td

SBI ()nds Management "vt -td

SBI G'oba' (actors -td!

SBI ?ards "ayments Services "vt! -td! +SBI?"S-.

SBI D(>I -td

SBI Genera' Ins)rance ?ompany -imited

SBI "ension ()nds "vt -td +SBI"("-.
http://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_India


30/62

SBI ?apita' Markets -td +SBI?A".

Indias 'argest domestic Investment Bank is SBI ?apita' Markets -td!% o&&ering

the ho'e range o& investment banking and corporate advisory services! These

services inc')de "ro*ect Advisory and -oan Syndication% Str)ct)red Debt

"'acement% ?apita' Markets% Mergers Ac6)isitions% "rivate E6)ity and

Stressed Assets Feso')tion!

In A)g)st 1;% SBI?A" as &o)nded as a comp'ete'y oned s)bsidiary and

the Investment Banking division o& State Bank o& India +SBI.% the 'argestcommercia' bank in India!

)r services range &rom vent)re capita' advisory% pro*ect advisory% b)y and

se''#side advisory% accessing &inancia' markets to raise capita' and even

restr)ct)ring advisory in their t)rn#aro)nd phases!

Its head6)artered in M)mbai% SBI?A" has o&&ices in a'' the ma*or b)siness

h)bs in India and has &ive s)bsidiaries Q

SBI?A" Sec)rities -td!

SBI?A" Tr)stee ?o! -td!

SBI?A" +HK. -td!

SBI?A" +Singapore. -td!

SBI?A" ,ent)res -td


31/62

SBI ()nds Management "vt -td +SBI (HNDS.

SBI &)nds are a oint ,ent)re o& SBI and AMHNDI +(rance.% one o& the

or'ds 'eading &)nd management companies! =ith /C years o& rich e4perience

in &)nd management% e at SBI ()nds Management "vt! -td! bring &orard

o)r e4pertise by a'ays de'ivering va')e to o)r investors! =e have a strong and

pro)d &ami'y that traces back to the State Bank o& India +SBI.! SBI ()nds

Management is one o& the 'argest p'ayer in India advising vario)s &inancia'

instit)tions% pension &)nds% and 'oca' and internationa' asset management

companies! SBI ()nds de'iver va')e and 'ook a&ter the tr)st o& o)r h)ge &ami'y

o& investors ith ///points!

SBI D(>I -td +SBI D(>I.

=e are "rimary Dea'ers# an instit)tion created by FBI to s)pport the book

b)i'ding process in "rimary A)ctions o& Government sec)rities and provide

necessary depth and 'i6)idity to the Secondary market in Government

Sec)rities!

In /00@% the to 'ending companies the domestic Money and Debt Markets

ere merged and &ormed a ne company SBI D(>I -TD! It is a State Bank o&

India Gro)p ?ompany! The FBI promoted Disco)nt (inance >o)se o& India

+D(>I. and SBI Gi'ts -td% a s)bsidiary o& Indias 'argest commercia' bank!

SBI G'oba' (actors -td!

SBIG(- has estab'ished itse'&! The main ob*ect o& SBIG(- are they act as a

market 'eader in internationa' &actoring providing va')e added services to its


32/62

c'ients! SBIG(- is the on'y s)pp'ier o& internationa' &actoring% domestic

&actoring and &or&eiting services )nder one roo& in India!

SBIG(- is head6)artered in M)mbai ith si4 regiona' o&&ices they are in Ne

De'hi% Banga'ore% ?hennai% >yderabad% Ahmedabad and Ko'kata! SBIG(-

aims to be the &irst e4port and import so')tion provider in India o&&ering

pro&essiona' 6)a'ity services on an e#commerce p'at&orm!

SBI ?ards "ayments Services "vt! -td! +SBI?"S-.

SBI cards and payment services pvt! -td! is a *oint vent)re o& SBI ?ards

"ayment Services "vt! -td and GE ?apita' B)siness "rocesses Management

Services "vt! -td! The &irst *oint vent)re &oc)ses on the marketing and

distrib)tion o& SBI ?ards and the second one hand'es the techno'ogy and

processing needs o& SBI ?ards! There are di&&erent types o& cards are avai'ab'e

&or di&&erent types o& c)stomers! These are "remi)m cards% Trave' and

Shopping cards% ?'assic cards% E4c')sive co#branded cards as e'' as ?orporate

cards!

SBI Genera' Ins)rance ?ompany -imited

SBI Genera' Ins)rance ?ompany -imited is a *oint vent)re o& the State Bank o&

India and Ins)rance A)stra'ia Gro)p +IAG.! SBI has a @ o& the tota' capita'

and remaining / is he'd by IAG! M)mbai is the head6)arter o& SBI Genera'

Ins)rance ?ompany!

State Bank is the 'argest banking sector in India a'ong ith its &ive associate

banks% it is the 'argest in the or'd!


33/62

Ins)rance A)stra'ia Gro)p -imited +IAG. is an internationa' genera' ins)rance

gro)p% ith operations in A)stra'ia% Ne ea'and% the Hnited Kingdom and

Asia!

Di&&erent types o& po'icies are avai'ab'e &or the di&&erent types o& c)stomers!

These "o'icy o&&ering o& SBI Genera' covers Motor% >ea'th% "ersona' Accident

>ome Ins)rance &or Individ)a's and Aviation% (ire% Marine% "ackage%

?onstr)ction Engineering% -iabi'ity% Gro)p >ea'th% Gro)p "ersona' Accident

Misce''aneo)s Ins)rance &or B)sinesses!

SBI "ension ()nds "vt -td +SBI"("-.

SBI "ension ()nds "vt! -td! Is a s)bsidiary o& SBI

SBI"("- is one o& the 7 "ension ()nd Managers appointed by "ension ()nd

Feg)'atory and Deve'opment A)thority +"(FDA. in India to manage the

pension corp)s o& emp'oyees enro''ed )nder the Ne "ension System &or

Government Emp'oyees!

SBI"("- has a'so been appointed as "ension ()nd Manager a'ong ith others

"ension ()nd Managersto manage the pension corp)s )nder the Nationa'

"ension Scheme!

SBI "ension ()nds "vt! -td!% as a s)bsidiary o& SBI% inherits a'' the strengths o&

SBI! Depositors have tr)sted SBI ith their &)nds &or over /00 years!

D)ring the year the ?ompany as ad*)dged "ension ()nd o& the year &or

e4ce''ence in per&ormance and c)stomer service +to s)bscribers. at the Indian

"ension ()nd ?ongress Q /017! The ?ompany as a'so the recipient o& the

SK?> Q Fenaissance Aard /017# "ension ?ategory!


34/62

INT ,ENTHFES

https$88!sbi!co!in8porta'8eb8a&&i'iates8*oint#vent)res

The Bank has the &o''oing oint ,ent)res in India$

SBI Life Insurance Company Ltd (SBI LIFE)

SBI General Insurance Company Limited

SBI-SG Global Securities Priate Limited

1! SBI -i&e Ins)rance ?ompany -td +SBI -I(E.

SBI -i&e Ins)rance is a *oint vent)re o& State Bank o& India and BN" "aribas

?ardi&! SBI he'd @ o& the tota' capita' and BN" "aribas ?ardi& he'd the

remaining /! Its a)thori5ed capita' o& Fs! /000 crores and a paid )p capita'

o& Fs 1%000 crores!

BN" "aribas ?ardi& is the 'i&e and property cas)a'ty ins)rance arm o& BN"

"aribas% one o& the strongest banks in the or'd! BN" "aribas Gro)p% having

presence in more than 0 co)ntries ranks high'y in Fetai' Banking% Investment

So')tions and ?orporate Investment Banking! BN" "aribas ?ardi& is one o&
http://www.sbilife.co.in/sbilife/content/homehttp://www.sbigeneral.in/http://www.sbisgcsl.co.in/home/home.dohttp://www.sbilife.co.in/sbilife/content/homehttp://www.sbigeneral.in/http://www.sbisgcsl.co.in/home/home.do


35/62

the or'd 'eaders in creditor ins)rance and its 'i&e and non#'i&e ins)rance )nits

have received an AA rating &rom Standard "oors!

SBI -i&e has a )ni6)e m)'ti#distrib)tion mode' encompassing vibrant

Bancass)rance% Fetai' Agency% Instit)tiona' A''iance and ?orporate So')tions

distrib)tion channe's!

SBI -i&e e4tensive'y 'everages the State Bank Gro)p re'ationship as a p'at&orm

&or cross#se''ing ins)rance prod)cts a'ong ith its n)mero)s banking prod)ct

packages s)ch as ho)sing 'oans and persona' 'oans! SBIs access to over 100

mi''ion acco)nts across the co)ntry provides a vibrant base &or ins)rancepenetration across every region and economic strata in the co)ntry% th)s

ens)ring tr)e &inancia' inc')sion! Agency ?hanne'% comprising o& the most

prod)ctive &orce o& over 0%000 Ins)rance Advisors% o&&ers door to door

ins)rance so')tions to c)stomers

Aards and Fecognition in (Y /017#1@$

1! Most Tr)sted "rivate -i&e Ins)rance Brand /017 by The Economic Times%

Brand E6)ity and Nie'sen S)rvey

Most Tr)sted Brand identi&ies brand hich posses the most specia' ingredient #

the ?ons)mers Tr)st!

/! Best -i&e Ins)rance "rovider /017 # F)nner Hp by )t'ook Money

The )t'ook Money Aards recognise e4ce''ence in (inancia' Services!

7! SBI -i&e on &o''oing aards at the Indian Ins)rance Aards /017$

Hnder#served Market "enetration Aard /017 +"rivate Sector.$ SBI -i&e on


36/62

this aard &or being pro#active in terms o& reaching o)t toc)stomers in

re'ative'y )nder#penetrated states and regions in India!

?'aims Service ?ompany o& the Year Aard /017 +"rivate Sector.$

SBI -i&e has demonstrated e&&ective and speedy c'aims sett'ement

hi'emaintaining high 'eve's o& c'ient service% satis&action and &oc)s in

hand'ing c'aims in (Y /01/#17% setting )p a benchmark &or the ind)stry to

SBI -i&e on G'oba' "er&ormance E4ce''ence Aard /017 by Asia "aci&ic

P)a'ity rganisation +A"P.

SBI -i&e has achieved a )ni6)e distinction by &eat)ring amongst the nineorganisations &rom si4 Asian and "aci&ic Fim ?o)ntries to be recognisedas

e4emp'ary companies o& or'd c'ass 6)a'ity per&ormance!

C! =on Digita' Inc')sion Skoch Aards /017

SBI -i&e received the aard &or the pro*ect # Enab'ing partners to co''ect

premi)m thro)gh E'ectronic ()nd Trans&er # ?ash Direct Debit! Theaard

recognises best practices in the &ie'ds o& governance% &inance% banking%

techno'ogy% corporate citi5enship% economics and inc')sive groth!

! =on ?omm)nication E4ce''ence Aard /017 at @th ?M Asia Aards

Fepresented by /C co)ntries across Asia% ?M Asia Aards recognises

organisations &or disp'aying 'eadership in strategic comm)nicationcombined

ith consistent innovation!

! B(SI +Banking (inancia' Services and Ins)rance. /01@ Aards$

U The Most Admired -i&e Ins)rance ?ompany in the "rivate Sector


37/62

U The Best -i&e Ins)rance ?ompany in the "rivate Sector The B(SI Aard

recognises the best per&ormances o& vario)s Banking% (inance and Ins)rance

Services! The aard &oc)ses on best o& the bestpractices o& the B(SI ind)stry

based on the strategy% sec)rity% c)stomer service and the &)t)re techno'ogy

cha''enges and innovations!

! SBI -i&e recognised amongst Top#C0 Great "'aces to =ork

SBI -i&e as ranked 7th amongst Great "'aces to ork in India! Indias Best

?ompanies to =ork &or St)dy /017% the 'argest st)dy in the co)ntryon

orkp'ace c)'t)re% attracted participation &rom aro)nd CC0 organisations

spanning across // ind)stries!

;! Aards at the =or'd >FD ?ongress$

U 9Dream ?ompany To =ork (or /01@ in "rivate Ins)rance 9

U 9Dream Emp'oyer o& the Year /01@ # Fanked @th

U 9Emp'oyer Branding Aard /01@ &or Ta'ent Management

=or'd >FD ?ongress is the 'argest rende5vo)s o& >F "ro&essiona's &rom

across the or'd! It recogni5es the organisations ith best >F "racticesacross

the g'obe!

10! =on the Training "rovider o& the Year Aard at Asias Training

Deve'opment E4ce''ence Aards /017

The aard is con&erred by =or'd >FD ?ongress and endorsed by Asian

?on&ederation o& B)siness

(or more in&ormation% "'ease visit $ !sbi'i&e!co!in

SBI General Insurance Company Limited
http://www.sbilife.co.in/http://www.sbigeneral.in/http://www.sbilife.co.in/http://www.sbigeneral.in/


38/62

SBI Genera' Ins)rance ?ompany -imited is a *oint vent)re beteen the State

Bank o& India and Ins)rance A)stra'ia Gro)p +IAG.! SBI ons @ o& the tota'

capita' and IAG the remaining /!

Ins)rance A)stra'ia Gro)p +IAG. is a genera' ins)rance gro)p ith operations

in A)stra'ia% Ne ea'and and Asia! IAGs b)sinesses )nderrite approaching

AV10 bi''ion o& premi)m per ann)m and emp'oy over 17%C00 peop'e!

IAG is an ASL top 70 company ith a market capita'isation in e4cess o& AV1/

bi''ion!

IAG has been assigned a ,ery Strong Ins)rer (inancia' Strength Fating

o& AA# by Standard "oors &or its key ho''y oned ins)rance

companies!

IAG is ranked in the Do ones S)stainabi'ity Inde4!

SBI Genera' c'osed the &inancia' year /017#1@ +@th year o& operation. ith a

Gross =ritten "remi)m o& Fs!11?rores registering a groth o& C@ ! D)ring

the year /017#1@% SBI Genera' in association ith State Bank o& India covered

over 1!C@?rores Saving Bank Acco)nt ho'ders o& SBI ith a "ersona' Accident

Ins)rance cover orth Fs!/8@ -akhs! SBI Genera' has a'so estab'ished its

presence in near'y 1@%000 Branches o& State Bank o& India! SBI Genera'

&o''os a rob)st m)'ti#distrib)tion mode' encompassing Bancass)rance%

Agency% Broking Fetai' Direct ?hanne's! Today% SBI Genera's Distrib)tion

&ami'y inc')des over ;%@00 IFDA certi&ied SBI its Associate Bank

emp'oyees and over 7%/00 Agents!


39/62

SBI Genera's c)rrent geographica' coverage e4tends to C cities pan India and

p'ans to e4tend this reach to 10 o&&ices by the end o& the c)rrent &inancia' year!

SBI Genera' is c)rrent'y serving three key c)stomer segments i!e! Fetai'

Segment +catering to Individ)a' (ami'ies.% ?orporate Segment +catering mid

to 'arge si5e ?ompanies. and SME Segment! In a short span% SBI Genera' has

emerged as one o& the &e Genera' Ins)rance companies in India to have a

dedicated SME Team catering e4c')sive'y to the needs o& SME Segment!

?)rrent "o'icy o&&ering o& SBI Genera' covers Motor% >ea'th% "ersona'

Accident >ome Ins)rance &or Individ)a's and Aviation% (ire% Marine%

"ackage% ?onstr)ction Engineering% -iabi'ity% Gro)p >ea'th% Gro)p "ersona'

Accident Misce''aneo)s Ins)rance &or B)sinesses!

Abo)t Ins)rance A)stra'ia Gro)p

Key Fecognition$

(or more in&ormation% "'ease visit http$88!sbigenera'!in

The company as aarded Techno'ogy Mat)rity Genera' Ins)rance

Aard &or (Y 17 organised by (inte'ekt% a media gro)p &oc)sed on

banking and ins)rance

Ins)rance In&ormation B)rea) +IIB.% an independent body promoted by

IFDA anno)nced Data 6)a'ity res)'ts &or (Y 17! The company had

highest scores on (ire and Motor data in the ind)stry! F)nners )p in Data P)a'ity Asia "aci&ic Aard /017 d)ring Data

?ongress he'd at Me'bo)rne% A)stra'ia in March /01@ cond)cted by The

Internationa' Association &or In&ormation and Data P)a'ity +IAIDP.% a
http://www.sbigeneral.in/http://www.sbigeneral.in/


40/62

pro&essiona' society o& e4perts interested in promoting in&ormation and

data 6)a'ity!

SBI-SG Global Securities Priate Limited

! SBI#SG G'oba' Sec)rities Services "rivate -imited

SBI#SG G'oba' Sec)rities Services "vt! -td +SBISGGSS.% is a *oint vent)re

beteen State Bank o& India +SBI. and SocieteGenera'e Sec)rities Services

+SGSS.! This oint vent)re has been set )p to o&&er high 6)a'ity ?)stody

Services% ()nd Acco)nting ()nd Administration% Fisk Ana'ysis

"er&ormance Meas)rement and Fegistrar Trans&er Agency Services to

domestic investors 'ike (inancia' Instit)tions% M)t)a' ()nds% Ins)rance

?ompanies% "ension ()nds% "ort&o'io Management Services% "rivate Banks%

?orporates% Brokers and overseas investors 'ike G'oba' ?)stodians or (oreign

Instit)tiona' Investors in the Indian Sec)rities Market!

The *oint vent)re is 'everaging SBIs strength in the Indian &inancia' sector and

SGSS is contrib)ting its recogni5ed e4perience and best practices as one o& the

'eading g'oba' c)stodians providing sec)rities services across 0 co)ntries

or'd ide

It is a state#othe art service de'ivery ith tota' &oc)s on rendering or'd c'ass

service to a'' the ma*or p'ayers in the Sec)rities Ind)stry in India

SBI#SG GSS is a provider o& c)stody services and o)r services enab'e c'ients

to e&&ective'y manage the administration o& their investments!

In the area o& ?)stody and ?'earing e o&&er highest standards in terms o&

techno'ogy and processes% as e'' as a 'eve' o& e4pertise% 6)a'ity and
http://www.sbisgcsl.co.in/home/home.dohttp://www.sbisgcsl.co.in/home/home.do


41/62

consistency that is )nmatched! Additiona''y% the market kno'edge and

re'ationships enab'ed by the ide spread presence o& the promoters has p'aced

SBI#SG GSS in a position to deve'op ne ind)stry so')tions and he'p 'ead the

process o& change in the sec)rities marketp'ace!

Sca'ab'e Trade Sett'ement ith highest 'eve's o& Straight#Thro)gh "rocessing

+ST".

()'' Investment S)pport that inc')des$

?omprehensive s)pport &or s)bscriptions to Initia' ")b'ic

&&erings8(o''o#on ")b'ic &&erings +I"8(".

"rocessing o& instr)ctions to e4ercise arrants

S)pport &or s)bscriptions to m)t)a' &)nds% money market &)nds% 'isted

open#end and e4change#traded &)nds

Fob)st corporate actions &)nctiona'ity% 'everaging system enhancements

?are&)' monitoring o& anno)ncement so)rces

Time'y and acc)rate noti&ication as e'' as agenda items

Market In&ormation $=e can b'end traditiona' g'oba' c)stody services ith

domestic direct c)stody access to markets% to meet comprehensive and most

comp'e4 c)stodia' needs% inc')ding$

Sa&ekeeping and sett'ement $ )r high ST" rates ens)re that trades sett'e ith a

minim)m o& man)a' intervention!

Income processing and corporate actions $ =e provide in&ormation to he'p

c'ients manage their cash assets e&&ective'y and ma4imi5e their investment

ret)rns!


42/62

Fecord keeping and reporting $ )r reports give critica' in&ormation on

sec)rities and cash positions% a'ong ith transaction stat)s!

Techno'ogica' sophistication =e have an advanced IT in&rastr)ct)re hich

enab'es seam'ess processing ith thoro)gh operationa' contro's!

()nd Acco)nting Services

SBI#SG GSS is a provider o& c)stomi5ed ()nd Acco)nting and Administration

so')tions! The vario)s types o& Scheme hand'ed inc')des E6)ity % Debt%

-i6)id % Ba'ance % Arbitrage % Gi't% E4change Traded ()nds and &&shore ()nds

ith Dividend # "ayo)t and Feinvestment Groth option! =e have a &)''y

integrated &)nd acco)nting eb based app'ication compatib'e ith most o& the

so&tare being )sed by the c'ients &or providing a very high 'eve' o& straight

thro)gh processing +ST".!

=e o&&er &)'' range o& ()nd Acco)nting services &or Investment "'ayers% s)ch

as M)t)a' ()nds% Ins)rance ?ompanies% "ension ()nds and "ort&o'io

Management Services! )r ()nd Acco)nting Services inc')de $

NA, ?A-?H-ATIN FE"FTING

Book keeping &or a'' transactions

,a')ation o& a'' types o& sec)rities

Income e4penses acco)nting

Hpdating NA,s on vario)s (or)ms

ADMINISTFATIN

Investment "o'icy Monitoring


43/62

Feconci'iations

Distrib)tab'e s)rp')s comp)tation

?M"FE>ENSI,E FE"FTING

E4c')sive ()nd Manager Feports

Feg)'atory ?omp'iance Monitoring Feports #

Month'y comp'iance Feport

Dep'oyment o& ()nd report + Debt E6)ity .

-oad Ba'ance report

>a'& Year'y Feport

Ann)a' Acco)nts #

Scheme#ise Ann)a' (inancia' Statement preparations

"roviding necessary acco)nting records and ork paper sched)'es &or

the ?'ients ann)a' a)dit

FISK ANA-YSIS "EF(FMAN?E MEASHFEMENT

"roviding necessary reports inc')ding # Feg)'atory Stat)tory Feports

(or more in&ormation% "'ease visit !sbisgcs'!co!in
http://www.sbisgcsl.co.in/http://www.sbisgcsl.co.in/


44/62

Deposits ,8s -oan $#

Deposits$#

Deposits mean money keep into a bank &or sa&e'y! "eop'e earn money

&or dai'y e4penses ! They ant to keep a sma'' part o& earning &or &)t)re!

(or this p)rpose Bank provide the sec)rity to the deposits o& c)stomers!

According to their c)stomers demand SBI provides a vario)s deposits

schemes! These schemes are as &o''o$

https$88!sbi!co!in8porta'8eb8persona'#banking8sbi#ta4#savings#

scheme#/00

1! ?)rrent Acco)nt

/! Savings Bank Acco)nt

7! Term Deposits

@! Specia' Term Deposits&. M)'ti ption Deposit Scheme! Saving "')s Acco)nts! FE?HFFING DE"SIT! "FEMIHM SA,INGS A??HNT;! SBI TAL SA,INGS S?>EME% /00
https://www.sbi.co.in/portal/web/personal-banking/sbi-tax-savings-scheme-2006https://www.sbi.co.in/portal/web/personal-banking/sbi-tax-savings-scheme-2006https://www.sbi.co.in/portal/web/personal-banking/savings-bank-accounthttps://www.sbi.co.in/portal/web/personal-banking/term-depositshttps://www.sbi.co.in/portal/web/personal-banking/sbi-modshttps://www.sbi.co.in/portal/web/personal-banking/sbi-tax-savings-scheme-2006https://www.sbi.co.in/portal/web/personal-banking/sbi-tax-savings-scheme-2006https://www.sbi.co.in/portal/web/personal-banking/savings-bank-accounthttps://www.sbi.co.in/portal/web/personal-banking/term-depositshttps://www.sbi.co.in/portal/web/personal-banking/sbi-mods


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?)rrent Acco)nt $ # SBI provide a vario)s &aci'ities o& ?)rrent Acco)nt

ho'ders! These &aci'ities are$

"ersona' Accident Ins)rance o& Fs! / 'acs +!e!&! 01808/017. avai'ab'e at

an ann)a' "remi)m o& Fs! 1008#!

Internet Banking!

Standing instr)ctions!

-o minim)m ba'ance re6)irement!

verdra&t &aci'ity avai'ab'e based on credit history

(ree ATM 8 Debit ?ard in the 1st year< charge &rom /nd year onards!

No restrictions on n)mber o& "ayments 8 =ithdraa's

No interest paid on Deposits

Trans&er o& acco)nt to any branch possib'e

Acco)nt maintenance charge app'icab'e

No "assbook is iss)ed b)t month'y Statement o& acco)nt is iss)ed Nomination &aci'ity avai'ab'e

KY? Norms as app'icab'e to be &o''oed &or opening o& Acco)nt

M)'ticity che6)e &aci'ity avai'ab'e

Savings Bank Acco)nt $#SBI provide a vario)s &aci'ities o& Saving Bank

Acco)nt ho'ders! These &aci'ities are$

No Minim)m Ba'ance re6)irement!

"ersona' Accident Ins)rance o& Fs! / 'acs +!e!&! 01808/017. avai'ab'e at

an ann)a' "remi)m o& Fs! 1008#!
https://www.sbi.co.in/portal/web/personal-banking/savings-bank-accounthttps://www.sbi.co.in/portal/web/personal-banking/savings-bank-account


46/62

Earn Interest at @!00 p!a!

Trans&erabi'ity o& acco)nts to any SBI Branch itho)t changing the

acco)nt n)mber!

M)'ticity che6)es avai'ab'e!

Internet Banking% Mobi'e Banking% Kiosk Banking avai'ab'e!

Sa&e Deposit 'ockers avai'ab'e!

Interest is ca'c)'ated on a dai'y ba'ance!

Nomination &aci'ity is avai'ab'e and recommended!

"assbook iss)ed &ree o& charge!

C0 M)'ticity che6)e 'eaves &ree in the &irst instance therea&ter Fs! /8# is

charged &or each s)bse6)ent 'ea& &or Savings Bank acco)nt having PAB

as on previo)s 6)arter end Fs! /C0008# and above! /0 M)'ticity che6)e

'eaves &ree in the &irst instance therea&ter Fs! 78# is charged &or each

s)bse6)ent 'ea& &or Savings Bank acco)nt having PAB as on previo)s

6)arter end be'o Fs! /C0008#! Emergency ?he6)e re6)est +10 'eaves

set.$ Fs 78# per 'ea&!

M)'tip'e variants o& ATM#c)m#Debit ?ards avai'ab'e!

Inter ?ore charges NI- &or trans&er transactions!

S=EE" (A?I-ITY ATM#?HM DEBIT ?AFD Mobi'e Banking Internet Banking

Term Deposits $#

"eriod o& deposit &rom days to 10 years!

Deposit Amo)nt$ Minim)m$ Fs!10008#% Ma4im)m$ No 'imit

"ayment o& interest at Month'y8P)arter'y8?a'endar 6)arter basis as per

yo)r re6)irement!
https://www.sbi.co.in/portal/web/personal-banking/term-depositshttps://www.sbi.co.in/portal/web/personal-banking/term-deposits


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"ayment o& interest on month'y interva' i'' be at disco)nted rate!

Interest i'' be paid at the contracted rate irrespective o& change in the

rate therea&ter!

Senior ?iti5ens get 0!/C e4tra interest rate

-oans 8 D )pto ;0 o& the "rincipa' deposit

"remat)re payment$

o The pena'ty &or premat)re ithdraa' o& deposits be'o Fs 1C

'acs &or a'' tenors i'' be 0!C0 p!a! provided these have remained

ith the Bank &or at 'east days!

o >oever% &or sing'e deposit o& Fs 1C 'acs and above% there sha'' be

no pena'ty &or premat)re ithdraa' &or tenors be'o 1 year

provided these have remained ith the bank &or at 'east days!

o In a'' other cases above one year% in case o& premat)re ithdraa'%

the interest sha'' be 0!C0 be'o the rate app'icab'e &or the period

the deposit has remained ith the Bank or 0!C0 be'o the

contracted rate% hichever is 'oer! >oever% no interest i'' be

paid i& the deposit remains ith the bank &or 'ess than days

period!

A)to renea' is e4ercised i& mat)rity instr)ctions are not given

('e4ibi'ity to convert TDF to STDF and vice versa

Nomination &aci'ity avai'ab'e and recommended

TDS at preva'ent rate is ded)cted at so)rce i& (orm 1CG81C> not

s)bmitted!

TDS i'' be ded)cted hen interest paid or accr)ed or reinvested per

c)stomer% per branch% e4ceeds Fs! 10%000 in a &inancia' year!


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The TDF can be 'inked to any Savings Bank or ?)rrent Acco)nt &rom

here yo) can ithdra periodica' interest! TDS payments% i& any% can

be made to the Government as and hen it is d)e &rom 'inked acco)nt!

AHTMATI? FENE=A-

Specia' Term Deposits$# Feinvestment p'an

"eriod o& deposit &rom Months to 10 years!

Interest compo)nded 6)arter'y paid at the time o& mat)rity!

A'' other &eat)res are the same as those o& Term Deposit!

The STDF can be 'inked to any Savings Bank or ?)rrent Acco)nt

&rom here TDS payments can be made to the Government as and hen

it is d)e!

M)'ti ption Deposit Scheme

These are the Term Deposits b)t at the time o& need &or &)nds%

ithdraa's can be made in )nits o& Fs!1%0008# &rom the Deposits by

iss)ing a che6)e &rom Savings Bank Acco)nt or thro)gh overdra&t

&aci'ity &rom ?)rrent acco)nt!

('e4ibi'ity in period o& Term Deposit &rom 1 year to C years!

Minim)m amo)nt o& Fs! 10%0008# on'y

Saving "')s Acco)nts$#
https://www.sbi.co.in/portal/web/personal-banking/sbi-modshttps://www.sbi.co.in/portal/web/personal-banking/sbi-mods


49/62

Savings "')s Acco)nt is a Savings Bank Acco)nt 'inked to MDS% herein

s)rp')s &)nd above a thresho'd 'imit &rom the Savings Bank Acco)nt is

trans&erred a)tomatica''y to Term Deposits opened in m)'tip'es o& Fs! 1000!

Any s)rp')s &)nds retaining a minim)m o& Fs! /C0008 in Savings

Bank+to be set )p by the c)stomer. i'' be trans&erred as Term

Deposit ith a minim)m o& Fs! 100008# and in m)'tip'e o& Fs! 10008#

at one instance

Acco)nt ho'der has the &'e4ibi'ity to choose the period o& deposit &rom

1 year to C years!

"ayments in e4cess o& avai'ab'e ba'ance in the Savings bank Acco)nt

can be made by breaking MDs -ast In (irst )t!

FE?HFFING DE"SIT

Month'y deposits o& Minim)m Fs!1008# no ma4im)m! Minim)m period 1/ months ma4im)m 1/0 months!

Fate o& interest as app'icab'e to Banks TDF 8 STDF &or the period o&

the FD!

-oan 8 verdra&t )p to ;0 avai'ab'e against the ba'ance in FD

acco)nt!

TDS is not app'icab'e!

"FEMIHM SA,INGS A??HNT


50/62

"remi)m Savings Acco)nt provides an enriched version o& Savings Bank

acco)nt consisting o& vario)s concessions and add#ons!

A)to#seep &aci'ity

A)to#seep &aci'ity i'' be operative at month'y interva's!

Term Deposits +TD.8 Specia' Term Deposits +STD. o)'d be created

)nder the MD scheme% in )nits o& Fs!1%0008#% s)b*ect to a minim)m

amo)nt o& Fs! 10%0008#!

Hnitised break#)p avai'ab'e &or ithdraing the deposits convenient'y!

TD8STD sha'' be opened &or a period o& 1 year to C years!

ther (aci'ities avai'ab'e

C0 M)'ticity che6)e 'eaves &ree in the &irst instance therea&ter Fs! /8# is

charged &or each s)bse6)ent 'ea& &or Savings Bank acco)nt having PAB

as on previo)s 6)arter end Fs! /C0008# and above! /0 M)'ticity che6)e

'eaves &ree in the &irst instance therea&ter Fs! 78# is charged &or each

s)bse6)ent 'ea& &or Savings Bank acco)nt having PAB as on previo)s

6)arter end be'o Fs! /C0008#! Emergency ?he6)e re6)est +10 'eaves

set.$ Fs 78# per 'ea&!

Hn'imited n)mber o& debits!

ATM#c)m#Debit Go'd cards +Master8 ,isa. i'' be iss)ed% &ree o& cost!

Internet Banking &aci'ity!

C0 concession in dra&t iss)e charges and che6)e co''ection charges!

Bankers ?he6)es i'' be iss)ed &ree!

No service charges in respect o& o)tard FTGS8 NE(T transactions!


51/62

SBI TAL SA,INGS S?>EME% /00

E'igibi'ity$ Fesident Indians&or himse'&8 herse'& as an individ)a' or in the

capacity o& the Karta o& the >ind) )ndivided &ami'y% having Income ta4

"ermanent Acco)nt N)mber +"AN.!

Minim)m Deposit$ $ Fs! 1%0008# or m)'tip'es thereo&!

Ma4im)m Deposit$ Not e4ceeding Fs! 1%C0%0008# in a year!

Type o& acco)nt$ Term Deposit +TD. acco)nt 8 Specia' Term Deposit +STD.

acco)nt!

Ten)re$ Minim)m tenor is C years and ma4im)m is 10 years!

Fate o& Interest$ As app'icab'e to Term Deposits!

"remat)re ithdraa'$ No term deposit sha'' be encashed be&ore the e4piry o&

&ive years &rom the date o& its receipt!

-oan &aci'ity $ Not avai'ab'e! The TD8STD sha'' not be p'edged to sec)re 'oan

or as sec)rity to any other asset!

"EFSNA- (INAN?E

https$88!sbi!co!in8porta'8eb8persona'#banking8persona'#&inance

State Bank o& India has a variety o& schemes )nder "ersona' (inance to satis&y

varying needs o& the banking p)b'ic! The Bank o&&ers the &o''oing schemes

ith attractive rates o& interest$

Home Loan
https://www.sbi.co.in/portal/web/personal-banking/home-loanshttps://www.sbi.co.in/portal/web/personal-banking/home-loans


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Personal Gold Loan

Car Loan

Personal Loans

Loans Against Securities

Loans Against Property

Career Loan

Education Loan

Many o& o)r branches o&&er 'oans )nder "ersona' (inance! This section a'so

o&&ers an EMI ca'c)'ator to &aci'itate comp)tation o& month'y repayment!

>ome -oan

>ome -oan

Interest Fates ith e&&ect &rom /thA)g)st /01@

+Base Fate# 10 "!A!.

Borroers ?ategory >ome -oan Interest

Fate% Irrespective -oan

-imit

Ma4gain above Fs! 1 ?r!

=omen 10 bps above the BF Q

10!10 "A

7C bps above the BF Q

10!7C "A

thers 1C bps above the BF Q

10!1C "A

@0 bps above the BF Q

10!@0 "A
https://www.sbi.co.in/portal/web/personal-banking/gold-loanshttps://www.sbi.co.in/portal/web/personal-banking/car-loanhttps://www.sbi.co.in/portal/web/personal-banking/personal-loanshttps://www.sbi.co.in/portal/web/personal-banking/loans-against-securitieshttps://www.sbi.co.in/portal/web/personal-banking/loans-against-propertyhttps://www.sbi.co.in/portal/web/personal-banking/career-loanhttps://www.sbi.co.in/portal/web/personal-banking/education-loanshttps://www.sbi.co.in/portal/web/personal-banking/gold-loanshttps://www.sbi.co.in/portal/web/personal-banking/car-loanhttps://www.sbi.co.in/portal/web/personal-banking/personal-loanshttps://www.sbi.co.in/portal/web/personal-banking/loans-against-securitieshttps://www.sbi.co.in/portal/web/personal-banking/loans-against-propertyhttps://www.sbi.co.in/portal/web/personal-banking/career-loanhttps://www.sbi.co.in/portal/web/personal-banking/education-loans


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The oman sho)'d be the so'e app'icant or &irst co#app'icant o& >ome

-oan and a'so

The property proposed to be &inanced sho)'d be either in the so'e

name o& the oman borroer or she sho)'d be the &irst oner in case

o& *oint onership

?AF -AN

SBI NE= ?AF -AN S?>EME

SBI ?MB -AN S?>EME

?EFTI(IED "FE#=NED ?AF -AN

?AF -AN S?>EME (F HSED ?AF

/#=>EE-EF -AN

SBI -YA-TY ?AF -AN S?>EME + ?ar -oan &or SBI >ome

-oan Borroers.

SBI NAN YHT> ?AF -AN S?>EME

SH"EF BIKE -AN S?>EME



Interest Fates ith e&&ect &rom 1stA)g)st /01@


Ten)re Fate o& Interest

(or a'' ten)re(or term 'oan and overdra&t

0!@C above the BF Q 10!@C "A +&or men.
https://www.sbi.co.in/portal/web/personal-banking/sbi-new-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-combo-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loanhttps://www.sbi.co.in/portal/web/personal-banking/car-loan-scheme-for-used-carhttps://www.sbi.co.in/portal/web/personal-banking/2-wheeler-loanhttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-nano-youth-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/super-bike-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-new-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-new-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-new-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-combo-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loanhttps://www.sbi.co.in/portal/web/personal-banking/car-loan-scheme-for-used-carhttps://www.sbi.co.in/portal/web/personal-banking/2-wheeler-loanhttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-nano-youth-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/super-bike-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-new-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-new-car-loan-scheme


54/62

0!@0 above the BF Q 10!@0 "A +&or

omen.

SBI COMBO LOAN SCHEME

SBI COMBO LOAN SCHEME




(or a'' ten)re(or term 'oan and overdra&t

0!@C above the BF Q 10!@C "A +&or men.

0!@0 above the BF Q 10!@0 "A +&oromen.

?EFTI(IED "FE#=NED ?AF -AN




Hpto 7 years !00 above the BF Q 1!00 "A

Above 7 years !C0 above the BF Q 1!C0 "A
https://www.sbi.co.in/portal/web/personal-banking/sbi-combo-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-combo-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loanhttps://www.sbi.co.in/portal/web/personal-banking/sbi-combo-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-combo-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loan


55/62






Hpto 7 years !/C above the BF Q 1!/C "A

Above 7 years !C0 above the BF Q 1!C0 "A

/#=>EE-EF -AN

/#=>EE-EF -AN




Hpto 7 years !/C above the BF Q 1!/C "A

SBI -YA-TY ?AF -AN S?>EME + ?ar -oan &or SBI >ome -oan

Borroers.

SBI -YA-TY ?AF -AN S?>EME +?ar -oan &or SBI >ome -oan

Borroers.

https://www.sbi.co.in/portal/web/personal-banking/car-loan-scheme-for-used-carhttps://www.sbi.co.in/portal/web/personal-banking/car-loan-scheme-for-used-carhttps://www.sbi.co.in/portal/web/personal-banking/2-wheeler-loanhttps://www.sbi.co.in/portal/web/personal-banking/2-wheeler-loanhttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/car-loan-scheme-for-used-carhttps://www.sbi.co.in/portal/web/personal-banking/car-loan-scheme-for-used-carhttps://www.sbi.co.in/portal/web/personal-banking/2-wheeler-loanhttps://www.sbi.co.in/portal/web/personal-banking/2-wheeler-loanhttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-loyalty-car-loan-scheme


56/62


Borroers

?ategory

?ar 'oan% ?ombo

'oan% NFI car

'oan

Hsed car 'oan

scheme?EFTI(IED

"FE#=NED

?AF -AN

Men 0!/0 above the

BF Q 10!/0!/C

"A

1!/C above the

BF Q 11!/C "A

1!/C above the

BF Q 11!/C "A

=omen 0!1C above the

BF Q 10!1C "A

1!/0 above the

BF Q 11!/0 "A

1!/0 above the

BF Q !/0 "A






(or a'' ten)re0!C above the BF Q 10!C "A +&or men.

0!0 above the BF Q 10!0 "A +&or

omen.




https://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loanhttps://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loanhttps://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loanhttps://www.sbi.co.in/portal/web/personal-banking/sbi-nano-youth-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-nano-youth-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/super-bike-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/super-bike-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loanhttps://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loanhttps://www.sbi.co.in/portal/web/personal-banking/certified-pre-owned-car-loanhttps://www.sbi.co.in/portal/web/personal-banking/sbi-nano-youth-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/sbi-nano-youth-car-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/super-bike-loan-schemehttps://www.sbi.co.in/portal/web/personal-banking/super-bike-loan-scheme


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(or a'' ten)re

7!00 above the BF Q 17!00 "A

"ersona' -oans

"ersona' -oans

Interest Fates ith e&&ect &rom thNovember /017


Scheme Name Fate o& Interest

?'ean verdra&t !/C above the BF Q 1!/C "A

"ersona' 'oan Scheme +SBI Sara'. !C0 above the BF +&'oating.Q

1!C0 "A

SBI "ension 'oan 7!C0 above the BF Q 17!C0 "A

ai aan "ension 'oan @!C above the BF Q 1@!C "A

(estiva' 'oan scheme !C above the BF Q 1!C "A

Lpress ?redit
https://www.sbi.co.in/portal/web/personal-banking/personal-loanshttps://www.sbi.co.in/portal/web/personal-banking/personal-loanshttps://www.sbi.co.in/portal/web/personal-banking/personal-loanshttps://www.sbi.co.in/portal/web/personal-banking/personal-loans


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-eve' o& ?heck && ()'' ?heck && 700bps#7C0bps above

the BF Q 17 #17!C0

"A

"artia' ?heck && @00bps#@C0bps above

the BF Q 1@ #1@!C0

"A

No ?heck && C00bps#CC0bps above

the BF Q 1C #1C!C0

"A





-oan against NS?s8K,"s8FBI Fe'ie& Bond8S)rrender ,a')e o& SBI

-i&e8-I?8SBI Magn)ms etc!

Ten)re Fate o& InterestHpto 7 years @!C0 above the BF Q 1@!C0 "A

More than 7 years b)t 'ess than

years

@!C0 above the BF Q 1@!C0 "A
https://www.sbi.co.in/portal/web/personal-banking/loans-against-securitieshttps://www.sbi.co.in/portal/web/personal-banking/loans-against-securitieshttps://www.sbi.co.in/portal/web/personal-banking/loans-against-securitieshttps://www.sbi.co.in/portal/web/personal-banking/loans-against-securities


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-oan against Shares8Debent)res8Bonds

Scheme Fate o& Interest

E6)ity "')s Scheme !C0 above the BF Q 1!C0 "A

-oan against Share and Debent)re !C0 above the BF Q 1!C0 "A-oan to Emp'oyees to s)bscribe &or

ES"s

!C0 above the BF Q 1!C0 "A

-oan &or s)bscription to I"s

Scheme Fate o& Interest(or Emp'oyees 6)a'i&ying )nder

Lpress ?redit

!C0 above the BF Q 1!C0 "A

ther !00 above the BF Q 1!00 "A

-oan against )nits o& SBI Debt ()nd Series

Scheme Fate o& Interest

Short D)ration -oan @!C0 above the BF Q 1@!C0 "A

-ong D)ration -oan @!C0 above the BF Q 1@!C0 "A

SBI Go'd -oan

Types o& (aci'ity Fate o& InterestDemand -oan /!C0 above the BF Q 1/!C0 "A

-oans Against "roperty

-oans Against "roperty
https://www.sbi.co.in/portal/web/personal-banking/loans-against-propertyhttps://www.sbi.co.in/portal/web/personal-banking/loans-against-propertyhttps://www.sbi.co.in/portal/web/personal-banking/loans-against-propertyhttps://www.sbi.co.in/portal/web/personal-banking/loans-against-property


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-oan against mortgage o& Immovab'e "roperty

Si5e o& ?redit -imit Fate o& Interest

Hpto 1 ?rore /!C above the BF +&'oating. Q

1/!C "A

Above 1?rore 7!00 above the BF +&'oating. Q

17!00 "A

No verdra&t against Mortgage "roperty

Fent "')s Scheme

-oan Amo)nt Fate o& Interest

Hpto !C0 ?rore inMetro ?enter and

C!00 ?rore in Non Metro ?enter

7!10 above the BF Q 17!10 "A

thers 7!/C above the BF Q 17!/C "A

?areer -oan

?areer -oan



SBI ?areer 'oan

Type o& Sec)rity Fate o& Interest

-and8B)i'ding @!C0 above the BF Q 1@!C0 "A
https://www.sbi.co.in/portal/web/personal-banking/career-loanhttps://www.sbi.co.in/portal/web/personal-banking/career-loanhttps://www.sbi.co.in/portal/web/personal-banking/career-loanhttps://www.sbi.co.in/portal/web/personal-banking/career-loan


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Bank:s TDFs8STDFs 1!00 above the rate o& interest

payab'e on deposits

Govt! Sec)rity8p)b'ic sector

bonds8NS?s8K,"s8FBI Fe'ie& Bond%

-I? "o'icy

@!/C above the BF Q 1@!/C "A

+In case interest is paid d)ring the co)rse period a rebate o& 0!C0 i'' be

admissib'e% on'y d)ring the moratori)m period.

ther Scheme Fate o& Interest

SBI Ed)cation "')s @!C0 above the BF Q 1@!C0 "A

Bhagya Fekha -oan /!00 above the BF Q 1/!00 "A

Ed)cation -oan

Ed)cation -oan



SBI St)dent -oan Scheme

-oan Amo)nt Fate o& Interest

Hpto @ -acs 7!C0 above the BF Q 17!C0 "A

Above @ 'acs and )pto !C 'acs 7!C above the BF Q 17!C "A

Above !C 'acs 1!C above the BF Q 11!C "A

Note $#

0!C concession in interest &or gir' st)dents! 1 concession &or &)'' ten)re o& the 'oan% i& interest is serviced prompt'y

as and hen app'ied d)ring the moratori)m period% inc')ding co)rse

d)ration!
https://www.sbi.co.in/portal/web/personal-banking/education-loanshttps://www.sbi.co.in/portal/web/personal-banking/education-loanshttps://www.sbi.co.in/portal/web/personal-banking/education-loanshttps://www.sbi.co.in/portal/web/personal-banking/education-loans


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SBI Scho'ar -oans

Specia' FI &or IIMs and other se'ect Management Instit)tions

/C bps above the Base Fate % ?)rrent'y Q 10!/C

SBI 'oan scheme &or ,ocationa' Ed)cation and training

7!C0 above the BF Q 17!C0

SBI is the th 'argest bank in the or'd!

n 70 Apri' 1;CC% the Imperia' Bank o& India became the State Bank o& India!

The government o& Indiarecent'y ac6)ired the Feserve Bank o& Indias stake in

SBI so as to remove any con&'ict o& interest beca)se the FBI is the co)ntrys

banking reg)'atory a)thority!
http://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Government_of_India

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