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4th August 2015, 09:26 AM
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Join Date: Apr 2013
Re: Mission of State Bank of India

State Bank of India is an Indian multinational, Public Sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharastra and also its corporate office in Mumbai, Maharashtra.

State Bank of India was established back on the date of 27 January 1921 as Imperial Bank of India and on 1 July 1955 its name changed to State Bank of India.

On the date of 2 June 1956 it was gioven nationalization.

As of December 2013, it had assets of US$388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.

MISSION
State Bank of India will be prompt, polite and proactive with our customers.
State Bank of India will speak the language of young India.
State Bank of India will create products and services that help our customers achieve their goals.
State Bank of India will go beyond the call of duty to make our customers feel valued.
State Bank of India will be of service even in the remotest part of our country.
State Bank of India will offer excellence in services to those abroad as much as we do to those in India.
State Bank of India will imbibe state of the art technology to drive excellence.

VALUES:
State Bank of India will always be honest, transparent and ethical.
State Bank of India will always respect the customers and fellow associates.
State Bank of India will always be knowledge driven.
State Bank of India will never take the easy way out.
State Bank of India will do everything that they can do to contribute to the community we work in.

Associate Banks of State Bank of India:
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore

Non-banking subsidiaries of State Bank of India:
SBI Capital Markets Ltd
SBI Funds Management Pvt Ltd
SBI Factors & Commercial Services Pvt Ltd
SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)
SBI DFHI Ltd
SBI Life Insurance Company Limited
SBI General Insurance

Listings and shareholding:
Shareholders Shareholding
Promoters: Government of India 58.60%
Banks & Insurance Companies 16.79%
FIIs/GDRs/OCBs/NRIs 12.04%
Mutual Funds & UTI 03.78%
Private Corporate Bodies 02.87%
Others 5.92%
Total 100.0%

Recent awards and recognitions:
SBI was ranked 73rd largest bank in the world, according to 2014 SNL financial data.
SBI won the Best Bank award in the 'ASiAMONEY FX POLL OF POLLS 2014’ for best overall performance as domestic provider of Forex services over the last 10 years.[
SBI was ranked as the top bank in India based on tier 1 capital by The Banker magazine in a 2014 ranking.
SBI was ranked 298th in the Fortune Global 500 rankings of the world's biggest corporations for the year 2012.
SBI won "Best Public Sector Bank" award in the D&B India's study on 'India's Top Banks 2013'
State Bank of India won three IDRBT Banking Technology Excellence Awards 2013 for “Electronic Payment Systems”, “Best use of technology for Financial Inclusion”, and “Customer Management & Business Intelligence” in the large bank category.
SBI won National Award for its performance in the implementation of Prime Minister’s Employment Generation Programme (PMEGP) scheme for the year 2012


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