Role Of State Bank Of India

Hii sir, I Wants to get the Information About the Role and Functions of the State Bank of India ?

[pawan]

About the 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, Maharashtra.


Role and Functions of the State Bank of India

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

The delegation 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 THE 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.

The norms set by the state bank of india for the discharge of its functions.

The Bank 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