History of state bank of india in pdf

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Not Now Allow. Verify Email Address Send verification to. Under this scheme, it provides interest free loans, repayable over a period of years with an initial starting period. Assistance up to Rs. Where project cost exceeds Rs. These Cells are also actively engaged in the work relating to technology upgradation. Officials of the Cell are trained to act as nodal points for collecting and making available necessary information relating to the industry, including techno-economic aspects.

The Bank has also initiated steps for upgradation of technology of selected groups of small scale industries to make them more competitive. This Group directs and guides programmes aimed at facilitating technology upgradation in the small scale industrial sectors. For this purpose, the Bank has set apart Rs. Upgradation of products and processes are attempted in these programmes to bring about quality control, increased productivity and efficiency. The Bank offers packages of assistance to units which wish to implement the technological upgradation programmes.

The main objective of the Bank has been to increase opportunities for self-employment in the tertiary sector. Conclusion: The above analysis reveals that the State Bank has been playing a vital role in financing large scale industries. But its contribution in supplying loans and advances, in providing equity funds, in modernisation, in helping to supply inputs, in marketing, etc. No other commercial bank in the country is in a position to compete with it. Assistance to Weaker Sections of Society: The Bank has been carrying out a number of schemes to assist the weaker sections of society so that they are provided gainful employment opportunities and are able to raise their income levels.

It assists the rural poor in acquiring income- generating assets. Since the inception of the Programme in the cumulative disbursement of the Bank up to March, amounted to Rs.

The scheme aims at encouraging the unemployed and underemployed urban poor living below the poverty line in metropolitan areas, cities and towns with population exceeding 10,, to take up self- employment ventures with the help of Bank loans and Government subsidy. The Bank financed 68, beneficiaries to the tune of Rs. Financial assistance is provided under these Programmes for self- employment and rehabilitation of the beneficiaries. As at the end of March , aggregate financial assistance rendered by the Bank under various community services programmes amounted to Rs.

Under the Point Programme on minorities welfare, the Bank disbursed Rs. Area Development: The State Bank has been successfully carrying out its responsibility of the development of districts under the Lead Bank Scheme.

As on March , the Bank had lead responsibility in districts in different parts of the country where it had been acting as a catalyst agent of banking and rural development. Development of Backward Areas: The Bank lays special emphasis on the balanced development of different regions, with greater emphasis on the development of backward districts.

The Bank has also been assisting in the creation of self-employment opportunities as well as industrial development of backward districts in the country. About 50 per cent of the small scale industrial units and 55 per cent of the transport operators assisted by the Bank are in the backward districts.

Out of the Entrepreneurial Development programmes organised by the Bank so far, have been conducted in the backward districts. Export Finance: The Bank has been providing larger credit facilities to exporters and also promotional and development support to them at the national level.

The total export credit provided by the Bank amounted to Rs. Among the promotional measures taken by the Bank was the creation of an Export Promotion Fund, with an allocation of Rs.

The Bank has been actively associated with a number of Export Promotion Councils relating to different commodities and with the Ministry of Commerce, Government of India in streamlining the procedures and to render speedy and smooth service to exporters.

Further, the State Bank is the sole commercial bank nominated by the Government of India for implementing financial transactions under the lines of credit extended by the Government of India to various countries.

Merchant Banking: The State Bank has been rendering merchant banking services to its customers since In fact, the Bank is a pioneer in the field of merchant banking and house finance. FACS on 30 July, as a new subsidiary. The SBI has been allotted the west zone for factoring. The customer prepays up to 80 per cent of the value of the invoices immediately.

All types of business organisations engaged in either manufacturing or trading are eligible for factoring. As such,-it has been focusing attention on development of job knowledge, skills and appropriate attitudes of its employees. Manpower Planning, Performance Appraisal System, Career Planning and Development, Organisation Development, and Training and Research are the various tools used in the process of development of human resources. The Bank lays more emphasis on training its employees at all levels and prepares them to meet the growing needs of the Bank in the context of changing market scenario and environment.

In February , it started the Institute of Information and Communication Management in Hyderabad to spread computer education and information, and communication management skills. In addition to the above institutional training system, the Bank also has in-branch training arrangements in the form of visiting faculty and on-site training.

Customer Services: It has been the constant endeavour of the Bank to improve its service to the satisfaction of customers. It has Customer Service Committees and Customer Councils at almost all branches in important towns and cities. It expedites collection, remittances and transfer of accounts of customers.

The Bank operates eight Customer Service Centres in different parts of the country which receive and dispose customer complaints pertaining to all public sector banks at the centres. Tele-Service has been introduced at select branches to enable customers to obtain information over telephone. New Schemes for Customers: The Bank has been a pace setter in introducing several new schemes for the benefit of its customers. There is the Travel-cash Scheme for granting loans to individuals for meeting travelling expenses.

A fast cheque collection scheme has been introduced at major centres. Its international network comprises 50 offices spread over 34 countries. The Bank has established correspondent relations with several established banks in six republics of CIS to increase trade relations between India and CIS. This subsidiary is engaged in wholesale banking. Conclusion: The State Bank has been highly successful in its objectives in opening a network of branches in rural and semi-urban areas.

It has established itself as the largest commercial bank of the country. Further, it has helped in developing agriculture, small industry and business, and uplifting the weaker sections and priority sectors through liberal credit facilities.

In addition, it is the sole Indian bank to be a part of the Fortune list. Apart from banking, State Bank of India was also associated with non-profit ventures since , such as Community Services Banking. In such cases, administrative offices and branches all over the country sponsor and take part in a huge number of social causes and welfare activities. Additionally, they had also launched three digital banking facilities, in order to make financial transaction an easier affair for their customers.

The other services, which are offered by the State Bank of India, are the following-. There are several reasons, which have contributed to making the State Bank of India SBI Bank the biggest and most popular bank in the country. Getting a job here is a matter of great respect and pride.

Hence, if you are someone who wants a job here, make sure that you do your competitive exam preparation properly.