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Mr. Pratip Chaudhuri, Chairman, State Bank of India|
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Yash Ved / 10:48 , Sep 27, 2012|
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Mr. Pratip Chaudhuri, Chairman, State Bank of India, He took charge from O.P. Bhatt, on 7th April. Prior to that, he was the Deputy Managing Director (DMD) of the International Division of SBI. He joined SBI 37 years back as a probationary officer in 1974. He has held several important positions in SBI, including Chief General Manager of the Chennai Circle. He is also credited with the merger of the State Bank of Saurashtra in 2008, where he was a Director.State Bank of India (SBI) is the largest state-owned banking and financial services company in India. The Bank provides banking services to the customer. In addition to the banking services, the Bank through their subsidiaries, provides a range of financial services, which include life insurance, merchant banking, mutual funds, credit card, factoring, security trading, pension fund management and primary dealership in the money market. The Bank operates in four business segments, namely Treasury, Corporate/ Wholesale Banking, Retail Banking and Other Banking Business. The Treasury segment includes the investment portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate/ Wholesale Banking segment comprises the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group and Stressed Assets Management Group. The Retail Banking segment consists of branches in National Banking Group, which primarily includes personal banking activities, including lending activities to corporate customers having banking relations with branches in the National Banking Group. SBI provides a range of banking products through their vast network of branches in India and overseas, including products aimed at NRIs. The Group, with over 16,000 branches, has the largest banking branch network in India. The bank has 156 overseas offices spread over 32 countries. They...
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