What are the Functions of State Bank of India

Can you tell me in detail about the Functions and Duties of SBI (State Bank of India)? Also provide me the contact address of SBI (State Bank of India)?

[pawan]

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

On 1st April, 2017, it is merged with five of its Associate Banks (State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore) and Bharatiya Mahila Bank with itself.

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

Bank has appointed various committees for different purposes. Following are some of the important Committees managing the key affairs of the Bank :
Risk Management Committee
Credit Risk Management committee
Asset Liability Management committee
Operational Risk Management committee
Audit Committee
Central Management Committee
Central as well as Local Boards

Regarding the core functions of the Bank i.e. accepting deposits and sanction of loans, the interest rates for deposits / advances and different deposit and loan products, are displayed in the Bank's website and also made available at all the Branches.

Regarding sanction of loans, each officer of the Bank will consider loan proposals and take a decision in terms of the scheme of delegation of powers, on the merits of the proposals. All the officers of the Bank are expected to discharge their duties and responsibilities with integrity and due diligence.


Functions of State Bank of India





Contact Detail:
Customer Service Department,
State Bank of India,
State Bank Bhavan, 16th Floor
Madam Cama Road,
Mumbai 400 021,
Fax: 022 22742431
Email: customercare@sbi.co.in