State Bank of India Stock

State Bank of India provides banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally.

The company has a presence across all time zones through its overseas offices in 29 countries and has established itself as the pioneer of international banking among the Indian Public Sector Banks (PSBs). The overseas operations of the bank are being managed by International Banking Group (IBG). Through its subsidiaries, the bank provides a complete bouquet of financial products and services to its customers.

The company offers various loans, such as home loans, auto loans, educational loans, personal loans, and gold loans. It also offers deposits, such as term, savings, CASA deposits and P-Domestic deposits.

The company's multichannel delivery model include digital, mobile, Automated Teller Machine (ATM), internet, social media and branches, offers customers a wide choice to carry out these transactions, at any time and place.

The company's flagship mobile banking and lifestyle app, YONO, offers not just financial services but also a gamut of investment, insurance and shopping solutions.

Personal Banking

The company offers integrated Personal Banking services through a wide range of loan products, salary packages, digital loan offerings, NRI business, doorstep banking services and wealth management services, amongst others.

Rural Banking

The company caters to the needs of India's rural citizens through its offerings under financial inclusion micro credit and agriculture business.

International Banking Group

The company is the pioneers of International Banking in India. The International Banking arm is a consistent contributor to transforming the industry landscape through its Overseas Branches, Overseas Banking Subsidiaries, Joint Ventures and Associates.

SME Banking

The company is the leaders of SME financing in the country. It provides simple and innovative financial solutions to its SME clientele along with high-quality customer services.

Corporate Banking

The company's Corporate Account Group and Commercial Credit Group provide one-stop solution, by providing a wide range of financial products and services, to top corporates of the country and Navratna Public Sector Undertakings (PSUs).

Government Banking

The company is the undisputed market leader in the Government business. It significantly contributes towards e-governance initiatives taken by the Government of India (GOI) and is instrumental in the development of e-Solutions for both central and state governments.

Segments

The company operates through Treasury, Corporate/Wholesale Banking, and Retail Banking segments.

Treasury

This segment includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts. The revenue of the treasury segment primarily consists of fees and gains or losses from trading operations and interest income on the investment portfolio.

Corporate/Wholesale Banking

This segment includes the lending activities of Corporate Accounts Group, Commercial Clients Group and Stressed Assets Resolution Group. These include providing loans and transaction services to corporate and institutional clients and further include non-treasury operations of foreign offices.

Retail Banking

This segment includes retail branches, which primarily includes Personal Banking activities, including lending activities to corporate customers having banking relations with these branches. This segment also includes agency business and ATMs.

Strategy

The key elements of the company's strategy include enhancing customer outreach through various delivery channels, e.g., digital and branch, Banking Correspondent (BC), and doorstep banking; revamping contact centre offering more accessible and IT-enabled services; capturing business opportunities through overseas operations; enhancing business growth; developing technological capability and using of big data analytics for understanding risk exposures; implementation of Open Credit Enabling Network (OCEN) to support the democratization of credit, especially for MSMEs; and strengthening cyber security and risk management practices.

History

State Bank of India was founded in 1806.