Bank and Banking
A bank is a business that borrows and lends money.
They take money from customers called depositors.
It lends to other customers called borrowers.
It pays fees to depositors and collects fees from borrowers. The fee is called
interest.
A bank earns profit by charging more interest than it pays. Modern banks do
many other things as well.
Bank accounts
A person who deposits money in a bank is said to have a bank account. ney.
The types of bank account is a savings account and current account.
History
Banking existed in ancient Mesopotamia at least 4,000 years ago. The first
bankers held gold and silver for the people and also made loans. Ancient
Greece and Rome had companies like modern banks.
Banks today use computers for almost all their business. Customers often
use their home computers for banking as well. People can pay bills over the
internet or transfer money to bank accounts.
Babylonian temples functioned as banks from 2000 BCE.
State Bank of India
State-Bank-of-India-Logo
State Bank of India logo was designed by NID in 1971
The main design element of the logo was a blue circle shape
with a white gap. One of the four possible interpretations
suggests that the bigger circle symbolizes the bank as a whole,
while the white circle symbolizes the client.
National Institute of Design, Ahmedabad designed the SBI logo in 1971.
SBI Headquarters ---> State Bank Bhavan, Nariman Point, Mumbai
Type ---> Public
Predecessor ---> Imperial Bank of India, (1921 – 1955)
Bank of Calcutta ---> (1806 – 1921)
Bank of Bombay ---> (1840 – 1921)
Bank of Madras ---> (1843 – 1921),
Founded ---> 1 July 1955; 69 years ago
State Bank of India ---> 27 January 1921
Imperial Bank of India ---> 2 June 1806
Bank of Calcutta ---> 15 April 1840
Bank of Bombay ---> 1 July 1843
.
ATM MACHINE CARDS
Number of locations
India: 22,219 Branches, 62,617 ATMs,
International: ---> 229 Branches in 31 countries---> Dinesh Kumar Khara
(Chairman). ---> Kameshwar Rao Kodavanti (CFO)
Products
Retail banking, Corporate banking,
Investment banking, Mortgage loans,
Private banking, Wealth management,
Risk management, Asset management,
Investment management, Mutual funds,
Exchange-traded funds, Index funds,
Credit cards, Insurance.
Number of employees ---> 240,198 (31 December 2022)
106,429 officers, 95,992 assistants, 32,138 subordinate staff, 5,639
contractual officials,
.
Check book Pass book
Parent
Ministry of Finance ---> (Government of India (57.5%)
Subsidiaries ---> SBI Life Insurance Ltd,
SBI Mutual Fund (63%), SBI Cards and Payment Services Ltd,
SBI General Insurance (70%), Jio Payments Bank (23%),
Yes Bank (30%), Andhra Pradesh Grameena Vikas Bank (35%),
Kaveri Grameena Bank (35%),
State Bank of India (SBI) is an Indian multinational public sector bank and
financial services statutory body headquartered in Mumbai, Maharashtra. SBI
is the 45th largest bank in the world by total assets and ranked 221st in the
Fortune Global 500 list of the world's biggest corporations of 2020, being the
only Indian bank on the list. It is a public sector bank and the largest bank in
India with a 23% market share by assets and a 25% share of the total loan and
deposits market. It is also the tenth largest employer in India with nearly
250,000 employees. In 2023, the company’s seat in Forbes Global 2000 was
77.
INTERNAL SIDE NOTE COUNTING MACHINE
International
As of 2014–15, the bank had 191 overseas offices spread over 36 countries
having the largest presence in foreign markets among Indian banks.
Other SBI service points
As of July 2023, the SBI group had 65,627 ATMs.
Since November 2017, SBI also offers an integrated
digital banking platform named YONO.
CASH DIPOSIT SLIP CASH WITHDRAWAL SLIP
