AMITY BUSINESS SCHOOL
STATE BANK OF INDIA
IMPLEMENTATION OF INFORMATION TECHONOLOGY
Aayush Jaiswal C-50 3/19/2011
Shilpi Grewal C-60
This reports deals with Introduction to State bank of India, challenges due to technology, Implementation of CoreBanking System, benefits to SBI, various architecture followed at SBI & talk with MR. ASHOK KUMAR SHARMA (Chief Manager SBI Stressed Assets Resolution Centre).
STATE BANK OF INDIA
Type Industry Founded Public (NSE: SBIN, BSE: 500112, LSE: SBID) Banking Financial services 1 July 1955
Headquarters Mumbai, Maharashtra, India Key people O. P. Bhatt (Chairman)
Investment Banking, Consumer Banking, Commercial Banking, Retail Banking Private Banking, Asset Management, Pensions, Mortgages Credit Cards 85,962.07 crore (2010) 9,166.05 crore (2010) $323.04 billion (2010) $18.519 billion (2010) Government of India 200,299 (2010) Statebankofindia.com
Revenue Profit Total assets Total equity Owner(s) Employees Website
STATE BANK OF INDIA
State bank of India is the nation’s largest and oldest bank. Tracing its roots back some 200 years to the British East India Company (and initially established as the Bank of Calcutta in 1806), the bank operates more than 15,000 branches within India, where it also owns majority stakes in six associate banks. State Bank of India (SBI) has more than 80 offices in nearly 35 other countries, including multiple locations in the US, Canada, and Nigeria. The bank has other units devoted to capital markets, fund management, factoring and commercial services, credit cards, and brokerage services. The Reserve Bank of India owns about 60% of State bank of India.
SBI share in Deposits & Advances
SBI share in Foreign Exchange
SBI share in Government Transactions
Other s 40% SBI 60%
To retain the bank’s position as the premier Indian financial services provider. It also aims to be a group with world class standards and significant global business commitments to excellence in customer, shareholder and employee satisfaction so as to play a leading role in expanding and diversifying financial services while continuing emphasis on its development banking role.
To be a premier Indian financial services group with global perspective, world class standard of the efficiency and professionalism and also its core institutional values, To retain its position in the country as a pioneer in developing countries, It also aims to maximize its shareholders value through high sustained earnings per share, To become an institution with a culture of mutual care and commitment. It also focuses on a pleasant working environment to have continuous learning opportunities.
Excellence in customer service Profit orientation Belonging and commitment to bank Fairness in all dealings and relations Risk taking and innovations Team playing Learning and renewal Integrity Transparency and discipline in policies and systems
The State Bank of India is a govt. sector bank. The evolution of State Bank of India can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was redesigned as the Bank of Bengal, three years later, on 2 January 1809. It was the first ever joint-stock bank of the British India, established under the sponsorship of the Government of Bengal. Subsequently, the Bank of Bombay (established on 15 April 1840) and the Bank of Madras (established on 1 July 1843) followed the Bank of Bengal. These three banks dominated the modern banking scenario in India, until when they were amalgamated to form the Imperial Bank of India, on 27 January 1921. In order to serve the economy as a whole and rural sector in particular, the All India Rural Credit Survey Committee recommended the formation of a state-partnered and state-sponsored bank. Hence...
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