State Bank of India is a leading financial institution that offers a wide range of banking products and services to various customers in India and around the world. The bank operates through different segments, including Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business.
For individuals, State Bank of India provides personal banking products such as current accounts, savings accounts, salary accounts, fixed and recurring deposits, and flexi and annual deposits. They also offer loans for homes, personal needs, automobiles, education, and gold, as well as loans against property and securities. Other services include overdrafts, mutual funds, insurance, equity trading, portfolio investment schemes, remittance services, and mobile and digital banking.
In addition to personal banking, the bank offers a comprehensive range of corporate banking products and services. These include corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing for Indian firms' overseas subsidiaries or joint ventures, cash management, and asset-backed loans. They also provide trade and service products to support businesses.
State Bank of India caters to the needs of non-resident Indians (NRIs) by offering specialized services such as NRI accounts and deposits, remittances, investments, and loans. The bank also focuses on agricultural banking and micro-credit for agriculturists and farmers. They provide supply chain finance, deposits, and transaction banking services for small and medium-sized enterprise (SME) customers. Additionally, the bank offers international banking services.
The bank's offerings extend beyond traditional banking services. They provide treasury, broking, bill payment, and MICR services. They also engage in merchant banking, advisory services, securities broking, business and management consultancy, trustee business, factoring, payment services, asset management, investment management, credit cards, and custody and fund accounting services. State Bank of India also offers support and business correspondent services.
As of March 31, 2022, State Bank of India operated an extensive network of 22,266 branches and 65,030 ATMs. The bank has a rich history, being founded in 1806, and its headquarters are located in Mumbai, India.
For individuals, State Bank of India provides personal banking products such as current accounts, savings accounts, salary accounts, fixed and recurring deposits, and flexi and annual deposits. They also offer loans for homes, personal needs, automobiles, education, and gold, as well as loans against property and securities. Other services include overdrafts, mutual funds, insurance, equity trading, portfolio investment schemes, remittance services, and mobile and digital banking.
In addition to personal banking, the bank offers a comprehensive range of corporate banking products and services. These include corporate accounts, working capital and project finance, deferred payment guarantees, corporate term loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, construction equipment loans, financing for Indian firms' overseas subsidiaries or joint ventures, cash management, and asset-backed loans. They also provide trade and service products to support businesses.
State Bank of India caters to the needs of non-resident Indians (NRIs) by offering specialized services such as NRI accounts and deposits, remittances, investments, and loans. The bank also focuses on agricultural banking and micro-credit for agriculturists and farmers. They provide supply chain finance, deposits, and transaction banking services for small and medium-sized enterprise (SME) customers. Additionally, the bank offers international banking services.
The bank's offerings extend beyond traditional banking services. They provide treasury, broking, bill payment, and MICR services. They also engage in merchant banking, advisory services, securities broking, business and management consultancy, trustee business, factoring, payment services, asset management, investment management, credit cards, and custody and fund accounting services. State Bank of India also offers support and business correspondent services.
As of March 31, 2022, State Bank of India operated an extensive network of 22,266 branches and 65,030 ATMs. The bank has a rich history, being founded in 1806, and its headquarters are located in Mumbai, India.
