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Can you tell me about the Functions and Duties of SBI (State Bank of India)?

[Vishal Kotkar]

SBI provides a range of banking products through its network of branches in India and overseas, including products aimed at non-resident Indians (NRIs). It has 14 regional hubs and 57 Zonal Offices that are located at important cities throughout India.

State Bank of India Powers and Duties of its Officers and Employees

All the officers have certain financial powers and administrative powers depending upon their positions.

The allocation of financial powers of various grades of officials is decided by the Central Board which are revised from time to time, depending upon the organization's requirement and also Government / RBI guidelines.

The concerned sanctioning authority takes a decision to sanction a loan or otherwise on merits of each proposal.

The procedure followed in decision making process, including channels of supervision and accountability in State Bank of India

There is a well defined system in the Bank regarding the decision making process. Financial decisions are taken at various levels by different officials depending upon their positions and also through committee approach.

Centralized credit processing cells are being formed at certain centres for sanction of personal segment loans and loans under SIB segment.

Branches will source the applications and forward them to the respective credit processing cells, for their consideration.

There is a well defined organisational structure and a clear system of accountability and control system, which also take into account the RBI / CVC guidelines.

The norms set by Bank for the discharge of its functions. It functions with the following core values / norms
• Excellence in customer service
• Profit orientation
• Fairness in all dealing and relations
• Risk taking and innovation
• Integrity
• Transparency and discipline in policies and systems
Functions and Duties of State Bank of India