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25th August 2017, 11:34 AM
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Join Date: Aug 2012
Re: Bonded Warehouses Of The State Bank Of India

State Bank of India is an Indian multinational, public sector banking and financial services company.

A bonded warehouse is building or other secured areas in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. Custom Bonded Warehouse offers an option to take delivery of the gold in India from the customs bonded warehouses to be operated by the State Bank of India and the Minerals and Metals Trading Corporation, The concept of Customs Bonded Warehouses was introduced to neutralise the risk the importers have to undergo if they were to arrive at the airport during the wee hours of the day.

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 Arundhati Bhattacharya (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$46 billion) (2017)

273,461.13 crore (US$42 billion) (2016)

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

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

9,950.65 crore (US$1.5 billion) (2016)

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

Total equity 144,274.65 (US$2,200) (2016)

Number of employees 209,567 (2017)

207,739 (2016)

Capital ratio 13.12% (2016)


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