Synopsis on State Bank of India

country trust of India [pic] Introduction Industry edgeing and financial services Founded 1 July 1955 headquarter Mumbai, Maharashtra, India Key people O. P. Bhatt (Chairman) Revenue ? $28.212 zillion (2010) Profit ? $2.4732 billion (2010) Total assets ? $323.04 billion (2010) Total equity ? $18.519 billion (2010) Employees 3, 00,000 app Owner(s) political relation of India History The roots of the State Bank of India rest in the prototypal decade of 19th century, when the Bank of Calcutta, later renamed the Bank of Bengal, was realized on 2 June 1806. The Bank of Bengal and two other governing body banks, namely, the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1 July 1843). All three Presidency banks were incorporated as  go stock companies.

The Presidency banks amalgamated on 27 January 1921, and the shake up banking entity took as its name  proud Bank of India. The Imperial Bank of India continued to remain a joint stock telephoner. pursuant(predicate) to the provisions of the State Bank of India Act (1955), the Reserve Bank of India, which is Indias central bank, acquired a controlling interest in the Imperial Bank of India. On 30 April 1955 the Imperial Bank of India became the State Bank of India. The State bank of India is the 10th most reputed company in the world according to Forbes Core Features Investment Banking Consumer Banking commercial message Banking Retail Banking Private Banking Asset Management Pensions Mortgages Credit Cards Services |Agriculture/ hobnailed Banking |International Banking | |NRI Services... If you want to get a full essay, secern it on our website: Ordercustompaper.com

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