State Bank of India

STATE BANK OF INDIA The origin of the State believe of India goes back off to the first decade of the nineteenth century with the establishment of the patois of Calcutta in Calcutta on 2 June 1806. Three years later on the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the regimen of Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the top of modern banking in India till their amalgamation as the lofty Bank of India on 27 January 1921. The State Bank of India was natural with a new sense of social purpose assisted by the 480 offices comprising branches, sub offices and three Local Head Offices inherited from the Imperial Bank. The concept of banking as mere repositories of the communitys nest egg and lenders to creditworthy parties was soon to give way to the concept of purposive banking subserving the growing and diversified financial needs of planned scotch development. The State Bank of India was destined to act as the pacer in this respect and lead the Indian banking system into the raise field of national development. Following are the products and services od State Bank of India: 1.

Personal Banking: State Bank of India offers a wide range of services in the Personal Banking division which are indexed here.:- SBI Term Deposits SBI Loan For Pensioners SBI Recurring Deposits Loan Against mortgage Of Property SBI Housing Loan Loan Against Shares & Debentures SBI Car Loan Rent Plus Scheme SBI educational Loan Medi-Plus Scheme SBI Personal Loan Rates Of Interest 2.Agriculture/rural : State Bank of India Caters to the needs of agriculturists and landless agricultural laborers through a net profit of 6600 rural and semi-urban branches. There are 972 specialized branches which have been flummox up in different parts of the... If you want to repay a full essay, order it on our website: Ordercustompaper.com

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