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December 19th, 2019 04:37 PM
ReenaK
Re: When Imperial Bank Was Named As State Bank Of India

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

As you asking I am telling On 1 July 1955, the imperial Bank of India became the State Bank of India. In 2008, the Government of India acquired the Reserve Bank of India's stake in SBI so as to remove any conflict of interest because the RBI is the country's banking regulatory authority.

Bank profile:

Type Public

Traded as NSE: SBIN

BSE: 500112

LSE: SBID

BSE SENSEX Constituent

CNX Nifty Constituent

Industry Banking, financial services

Founded 2 June 1806, Bank of Calcutta

27 January 1921, Imperial Bank of India

1 July 1955, State Bank of India

2 June 1956, nationalization

Headquarters Mumbai, Maharashtra, India

Area served Worldwide

Key people Rajnish Kumar (Chairman)

Products Consumer banking, corporate banking, finance and insurance, investment
banking, mortgage loans, private banking, private equity, savings, securities, asset management,
wealth management, credit cards

Revenue 298,640.45 crore (US$47 billion) (2017)


Operating income 50,847.90 crore (US$7.9 billion) (2017)

Profit 10,484.10 crore (US$1.6 billion) (2017)

Total assets 2,705,966.30 crore (US$420 billion) (2017)

Total equity 144,274.65 crore (US$22 billion) (2016)

Owner Government of India (61.23%)


Number of employees 209,567 (2017)

Capital ratio 13.12% (2016)
December 19th, 2019 04:36 PM
Unregistered
When Imperial Bank Was Named As State Bank Of India

do you know when Imperial Bank Was Named As State Bank Of India , if you know then would you plz let me know here as my one of the friend asking me about the same here ???

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