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INDIAN BANKING| STATE BANK OF INDIA | | rockercool67 | stir Bank of India (SBI) State Bank of India (SBI) is that countrys largest commercial bank. The government activity-controlled bank--the Indian government maintains a stake of nearly 60 percent in SBI  by dint of the central Reserve Bank of India--also operates the worlds largest branch network, with much than 13,500 branch offices byout India, staffed by nearly 220,000 employees. SBI is also manifest worldwide, with seven inter issue subsidiaries in the United States, Canada, Nepal, Bhutan, Nigeria, Mauritius, and the United Kingdom, and more than 50 branch offices in 30 countries. Long an ramp up of the Indian governments infrastructure, agricultural, and industrial development policies, SBI has been forced to  revamp its operations since competition was introduced into the countrys commercial banking system. As actuate of that effort, SBI has been rolling out its own network of automated  fibber machines, as well as developing anytime-anywhere banking services through Internet and other technologies. SBI also has taken advantage of the deregulation of the Indian banking sector to enter the bancassurance, assets management, and securities brokering sectors.

In addition, SBI has been working on reigning in its branch network, reducing its payroll, and strengthening its bestow portfolio. In 2003, SBI reported revenue of $10.36 billion and total assets of $104.81 billion. The nerve of the British colonial government in India brought with it calls for the formation of a Western-style banking system, if only to serve the needs and interests of the British imperial government and of the European trading houses doing business there. The creation of a national banking system began at the beginning of the 19th century. The first contribution of what was later to become the State Bank of India was created in 1806, in Calcutta. Called the Bank of Calcutta, it was also the countrys first joint stock... If you require to get a full essay, order it on our website: Orderessay

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