1.1 Company Profile
State Bank of India is the largest state-owned banking and financial services company in India. The Bank provides banking services to the customer. In addition to the banking services, the Bank through their subsidiaries, provides a range of financial services, which include life insurance, merchant banking, mutual funds, credit card, factoring, security trading, pension fund management and primary dealership in the money market. The Bank operates in four business segments, namely Treasury, Corporate/ Wholesale Banking, Retail Banking and
Other Banking Business. The Treasury segment includes the investment portfolio and trading in foreign exchange contracts and derivative contracts. The Corporate/
Wholesale Banking segment comprises the lending activities of Corporate
Accounts Group, Mid Corporate Accounts Group and Stressed Assets
Management Group. The Retail Banking segment consists of branches in National
Banking Group, which primarily includes personal banking activities, including lending activities to corporate customers having banking relations with branches in the National Banking Group. SBI provides a range of banking products through their vast network of branches in India and overseas, including products aimed at
NRIs. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. The State bank of India is the 10th most reputed company in the world according to Forbes. The bank has 156 overseas offices spread over 32 countries.
In May 2010, the Bank selected consortium of Elavon Incorporation, USA and
Visa International, USA as their joint venture (JV) partner for Merchant Acquiring
Business. They set up a wholly owned subsidiary, namely SBI Payment Services
Pvt Ltd for conducting Merchant Acquiring Business. In August 2010, State Bank of Indore was amalgamated with the Bank as per the scheme of amalgamation approved by the Central Board. During
References: indiainfoline/sbi. (2013, october 16). Retrieved from indiainfoline.com. Chowdhury, S. (January 2011). Effect of Financial Crisis in Efficiency and Strategic Homogeneity Das, A. (November 2009). Financial Deregulation and Profit Efficiency. Mumbai: Massachusetts Institute of Technology. Gulati, R. (2011). Estimation of technical, pure technical and scale efficiencies of Indian banks Kumar, S. (2008). Warner College: Sage Publications. moneycontrol/sbi/technicalanalysis. (n.d.). Retrieved october 16, 2013, from moneycontrol.com. Piyush Kumar Singh, P. V. (2013). Measuring Technical Efficiency of Indian Banking Sector Reddy, P. T. (2013). Efficiency Evaluation of State Bank of India . International Journal of Statistics and Analysis, 18.