Professional Documents
Culture Documents
The origin of the State Bank of India goes back to the first decade of the nineteenth century with the
establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received
its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the
first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (15
April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These
three banks remained at the apex of modern banking in India till their amalgamation as the
Imperial Bank of India on 27 January 1921.
Primarily Anglo-Indian creations, the three presidency banks came into existence either as a result of
the compulsions of imperial finance or by the felt needs of local European commerce and were not
imposed from outside in an arbitrary manner to modernize India’s economy. Their evolution was,
however, shaped by ideas culled from similar developments in Europe and England, and was influenced
by changes occurring in the structure of both the local trading environment and those in the relations of
the Indian economy to the economy of Europe and the global economic framework.
Establishment
The establishment of the Bank of Bengal marked the advent of limited liability, joint-stock banking in
India. So was the associated innovation in banking, viz. the decision to allow the Bank of Bengal to
issue notes, which would be accepted for payment of public revenues within a restricted geographical
area. This right of note issue was very valuable not only for the Bank of Bengal but also its two
siblings, the Banks of Bombay and Madras. It meant an accretion to the capital of the banks, a capital
on which the proprietors did not have to pay any interest. The concept of deposit banking was also an
innovation because the practice of accepting money for safekeeping (and in some cases, even
investment on behalf of the clients) by the indigenous bankers had not spread as a general habit in
most parts of India. But, for a long time, and especially up to the time that the three
presidency banks had a right of note issue, bank notes and government balances made up the bulk of
the investible resources of the banks.
The three banks were governed by royal charters, which were revised from time to time. Each charter
provided for a share capital, four-fifth of which were privately subscribed and the rest owned by the
provincial government. The members of the board of directors, which managed the affairs of each bank,
were mostly proprietary directors representing the large European managing agency houses in India.
The rest were government nominees, invariably civil servants, one of whom was elected as the
president of the board.
Bank of Madras
The decision of the Government to keep the surplus balances in Reserve Treasuries outside the normal
control of the presidency banks and the connected decision not to guarantee minimum government
balances at new places where branches were to be opened effectively checked the growth of new
branches after 1876. The pace of expansion witnessed in the previous decade fell sharply although, in
the case of the Bank of Madras, it continued on a modest scale as the profits of that bank were mainly
derived from trade dispersed among a number of port towns and inland centres of the presidency.
India witnessed rapid commercialisation in the last quarter of the nineteenth century as its railway
network expanded to cover all the major regions of the country. New irrigation networks in Madras,
Punjab and Sind accelerated the process of conversion of subsistence crops into cash crops, a portion
of which found its way into the foreign markets. Tea and coffee plantations transformed large areas of
the eastern Terrains, the hills of Assam and the Nilgiris into regions of estate agriculture par excellence.
All these resulted in the expansion of India’s international trade more than six-fold. The three
presidency banks were both beneficiaries and promoters of this
commercialisation process as they became involved in the financing of practically every trading,
manufacturing and mining activity in the sub-continent. While the Banks of Bengal and Bombay were
engaged in the financing of large modern manufacturing industries, the Bank of Madras went into the
financing of large modern manufacturing industries, the Bank of Madras went into the financing of small-
scale industries in a way which had no parallel elsewhere. But the three banks were rigorously excluded
from any business involving foreign exchange. Not only was such business considered risky for
these banks, which held government deposits, it was also feared that these banks enjoying government
patronage would offer unfair competition to the exchange banks which had by then arrived in India. This
exclusion continued till the creation of the Reserve Bank of India in 1935.
Bank of Bombay
Presidency Banks of Bengal
The presidency Banks of Bengal, Bombay and Madras with their 70 branches were merged in 1921 to
form the Imperial Bank of India. The triad had been transformed into a monolith and a giant among
Indian commercial banks had emerged. The new bank took on the triple role of a commercial bank, a
banker’s bank and a banker to the government.
The establishment of the Reserve Bank of India as the central bank of the country in 1935 ended the
quasi-central banking role of the Imperial Bank. The latter ceased to be bankers to the Government of
India and instead became agent of the Reserve Bank for the transaction of government business at
centres at which the central bank was not established. But it continued to maintain currency chests and
small coin depots and operate the remittance facilities scheme for other banks and the public on terms
stipulated by the Reserve Bank. It also acted as a bankers’ bank by holding their surplus cash and
granting them advances against authorized securities. The management of the bank clearing houses
also continued with it at many places where the Reserve Bank did not have offices. The bank was also
the biggest tenderer at the Treasury bill auctions conducted by the Reserve Bank on behalf of the
Government.
Imperial Bank
The Imperial Bank during the three and a half decades of its existence recorded an impressive growth in
terms of offices, reserves, deposits, investments and advances, the increases in some cases amounting
to more than six-fold. The financial status and security inherited from its forerunners no doubt provided
a firm and durable platform. But the lofty traditions of banking which the Imperial Bank consistently
maintained and the high standard of integrity it observed in its operations inspired confidence in its
depositors that no other bank in India could perhaps then equal. All these enabled the Imperial Bank to
acquire a pre-eminent position in the Indian banking industry and also secure a vital place in the
country’s economic life.
Stamp of Imperial Bank of India
When India attained freedom, the Imperial Bank had a capital base (including reserves) of Rs.11.85
crores, deposits and advances of Rs.275.14 crores and Rs.72.94 crores respectively and a network of
172 branches and more than 200 sub offices extending all over the country.
RESEARCH
METHODOLOGY
Objective of study
The main objective of this study was to know about history of SBI, their management level, their
products and services, their shareholding pattern, their customer care services and also know about
their financial performance. In short to know in detail about SBI.
Limitations of the study
There were few limitations, while completing the project
Biggest hurdle faced was regarding books because there are hardly any books which contain mainly
SBI as a separate topic.
Secondly, there was a problem while collecting primary data because time was clashing and when I
seemed to be free, the manager wasn’t and vice versa.
Since my study was only highlighting on SBI, I couldn’t concentrate or generalize result of other banks
Sources of data
The source of data this project contains is firstly the books that contained details of State Bank of India.
Secondly the data was also collected through the website of State Bank of India and through internet.
Thirdly, Data was also collected from Magazine and Newspapers and the most important is the primary
data which was collected by conducting oral interview with the manager of SBI, Mr.Ramesh Pawar, Mira
road branch.
MANAGEMENT OF SBI
BOARD OF DIRECTORS
Central Board of State Bank of India
(Chairman)
Symbol & Slogan
The symbol of the State Bank of India is a circle and not key hole and a small man at the
centre of the circle. A circle depicts perfection and the common man being the
centre of the bank's business.
Slogans
State Bank of India Services are offered through the following subsidiaries and
Joint Ventures –
• Banking Subsidiaries - State Bank of Bikaner and Jaipur (SBBJ), State Bank of
Hyderabad (SBH), State Bank of Indore (SBI), State Bank of Mysore (SBM), State Bank
of Patiala (SBP), State Bank of Saurashtra (SBS) and State Bank of Travancore (SBT).
• Foreign Subsidiaries - State bank of India International (Mauritius) Ltd., State Bank of
India (California), State Bank of India (Canada) and INMB Bank Ltd, Lagos.
• Non- banking Subsidiaries - SBI Capital Markets Ltd (SBICAP), SBI Funds
Management Pvt Ltd (SBI FUNDS), SBI DFHI Ltd (SBI DFHI), SBI Factors and
Commercial Services Pvt Ltd (SBI FACTORS) and SBI Cards & Payments Services Pvt.
Ltd. (SBICPSL)
State Bank of India Services offers the following products through its well managed, efficient
and deep-rooted network.
• Domestic Treasury.
• SBI Vishwa Yatra Foreign Travel Card.
• Broking Services
• Revised Service Charge.
• ATM Services.
• Internet Banking.
• E-Pay.
• E-Rail.
• RBIEFT.
• Safe Deposit Lockers.
• Gift Cheques.
• MICR Codes.
• Foreign Inward Remittances.
International presence
As of 31 December 2009, the bank had 151 overseas offices spread over 32 countries. It has branches of
the parent in Colombo, Dhaka, Frankfurt, Hong Kong, Tehran, Johannesburg, London, Los
Angeles, Male in the Maldives, Muscat, New York, Osaka, Sydney, and Tokyo. It has offshore banking
units in the Bahamas, Bahrain, and Singapore, and representative offices in Bhutan and Cape Town
and in case of agricultural banking it has 1 ADB In Boston, USA.
SBI operates several foreign subsidiaries or affiliates. In 1990, it established an offshore bank: State Bank
of India (Mauritius).
In 1982, the bank established a subsidiary, State Bank of India (California), which now has nine branches
- eight branches in the state of California and one in Washington, D.C. The 9th branch was opened in
Tustin, California on 7th March, 2011. The other seven branches in California are located in Los Angeles,
Artesia, San Jose, Canoga Park, Fresno, San Diego and Bakersfield.
The Canadian subsidiary, State Bank of India (Canada) also dates to 1982. It has seven branches, four in
the Toronto area and three in British Columbia.
In Nigeria, SBI operates as INMB Bank. This bank began in 1981 as the Indo-Nigerian Merchant Bank
and received permission in 2002 to commence retail banking. It now has five branches in Nigeria.
In Nepal, SBI owns 50% of Nepal SBI Bank, which has branches throughout the country. In Moscow, SBI
owns 60% of Commercial Bank of India, with Canara Bank owning the rest. In Indonesia, it owns 76% of
PT Bank Indo Monex.
The State Bank of India already has a branch in Shanghai and plans to open one in Tianjin.
In Kenya, State Bank of India owns 76% of Giro Commercial Bank, which it acquired for US$8 million in
October 2005
Associate Banks
SBI has five associate banks:
Earlier SBI had only seven associate banks that, with SBI, constitute the State Bank Group. All use the
same logo of a blue keyhole and all the associates use the "State Bank of" name, followed by the regional
headquarters' name. Originally, the then seven banks that became the associate banks belonged
to princely states until the government nationalised them between October 1959 and May 1960. In tune
with the first Five Year Plan, emphasizing the development of rural India, the government integrated these
banks into the State Bank of India to expand its rural outreach. There has been a proposal to merge all
the associate banks into SBI to create a "mega bank" and streamline operations.
The first step towards unification occurred on 13 August 2008 when State Bank of Saurashtra merged
with SBI, reducing the number of state banks from seven to six. Then on 19 June 2009 the SBI board
approved the merger of its subsidiary, State Bank of Indore, with itself. SBI holds 98.3% in State Bank of
Indore. (Individuals who held the shares prior to its takeover by the government hold the balance of
1.77%.
The acquisition of State Bank of Indore added 470 branches to SBI's existing network of 12,448 and over
21,000 ATMs. Also, following the acquisition, SBI's total assets will inch very close to the Rs 10-lakh crore
mark. Total assets of SBI and the State Bank of Indore stood at Rs 998,119 crore as on March 2009. The
process of merging of State Bank of Indore was completed by April 2010, and the SBI Indore Branches
started functioning as SBI branches on 26 August 2010.
A. Personal banking
TERM DEPOSITS
Now you can earn a higher income on your surplus funds by investing those with us.We provide security,
trust and competitive rate of interest.
·Flexibility in period of term deposit from 15 days to 10 years.
·Affordable Low Minimum Deposit Amount: You can open a term deposit with SBI for a nominal amount of
Rs.1000/- only.
·Please check our Interest Rates online or simply email through our Helpline.
·Flexibility in choosing the amount you wish to invest and the maturity period.
Highlights
Safety - We understand the value of your hard earned money and continue to deliver on our promise of
safety and security over 200 years.
Liquidity
Loan /overdraft facility: You can avail a loan/overdraft against your deposit. SBI provides you loan /
overdraft up to 90% of your deposit amount at nominal cost. So you continue to earn interest in your
deposit and still can meet your urgent financial requirements.
Premature Withdrawal
Interest to be charged on premature withdrawal of term deposits at 1.00% below the rate applicable for
the period deposit has remained with the Bank.
·Transferability- Transfer of Term Deposits between our wide network of branches without any
charge.
·Compounding / Flexible / Timely Payment of Interest- Under our Special Term Deposit Scheme,
interest accrues in your account and gets compounded quarterly. Besides, we assure timely delivery of
the proceeds of your deposit with interest, on maturity. Flexibility of payment on maturity through Cash
(subject to prevalent Income Tax Act), Banker's Cheque, Credit in Savings Bank/Current account.
• Term Deposits are available at all SBI Branches
• Easy and convenient access of 24X7 information at SBI Internet Banking.
• Nomination Facility - Available.
Tax Implications.
Tax Deductible at Source, as per Income Tax Act. From 01.04.2010, the rate of TDS will be higher of 20%
or the applicable rate in all cases where valid PAN is not quoted by the recipient. The declaration filed in
15G and 15H shall not be valid unless the person filing the declaration furnishes his/her PAN in such
declaration.
Automatic Renewals
There is no need for you to keep track of the maturity of your deposits. Your deposits with us will be
renewed automatically, post maturity and you continue to earn interest for same period as that of your
matured deposit, at the interest rate prevailing at the time of maturity. Automatic renewals take place
where there are no standing instructions for renewal.
Flexibility to covert your Special Term Deposit to Term Deposit and vice versa
You can convert your special Term Deposit to a Term Deposit to receive monthly/quarterly
interest payments to match your financial requirements. Quarterly interest at calendar quarter is
also available.
You can also convert your Term Deposit to a Special Term Deposit, which provides compounded
rate of interest to multiply your money faster.
Most Important Terms & Conditions
1. Interest will be paid at the contracted rate irrespective of change in the rate thereafter.
2. Period of deposit 15 days to 10 years
3. Loans / OD upto 90% of the Principal at 1%* above the TDR rate
4. Premature withdrawal facility available at 1%* less interest than the actual period deposit has
remained with the Bank
5. Quarterly compounded Interest
6. Interest can be paid on monthly intervals on discounted rate.
7. Interest can also be paid at Calendar quarter basis
8. TDS at prevalent rate is deducted at source if Form 60 not submitted
9. Auto renewal is exercised if maturity instructions are not given
10. Permission to convert TDR to STDR and vice versa required
11. Nomination facility available.
A new scheme “SBI Loan to Affluent Pensioners” is formulated to match the requirements and
higher repayment capacity of those with higher salaries and pensions The salient features of
“SBI Loan to Affluent Pensioners” scheme are as under:-
(1) Eligibility:
(a) Pensioners:
(i) All Central, State Government pensioners and SBI Pensioners whose pension accounts are
maintained by our branches.
(ii) Pensioners whose pensions are disbursed by Govt. Treasuries by cheques drawn in favor of
our branches as per mandate of the pensioner are also eligible subject to condition that
pensioner should not be more than 72 years of age
(b) Family Pensioners: Family pensioner, i.e. spouse authorized to receive pension after the
death of the pensioner, subject to condition that family pensioner should not be more than 65
years of age.
(a) Pensioners: Maximum of 12 months net pension with a ceiling of Rs.3.00 lac
(b) Family Pensioners: A maximum of 9 months net family pension with a ceiling of Rs.1.50 lacs
In no case the EMI should be more than 25% of the net pension drawn by the family pensioner.
(a) Pensioners: Third party guarantee (TPG) of the spouse eligible for family pension. In the
absence of the spouse, TPG of any other family member or a third party worth the loan amount.
(b) Family Pensioners: Third party guarantee of a person who has been maintaining a
satisfactorily conducted account with the bank, preferably of the son/daughter of the family
pensioner.
(4) Repayment Period: In EMIs commencing from the pension payable one month after
disbursal of loan. Installment is deducted at the time of payment of pension:
(5). Pensioners will have to submit their PAN Number or Form 15H before availing loan under
this scheme.
(7) Margin
Nil
RECURRING DEPOSIT
Want to create a fund for your children's education or marriage or to buy a car or for a dream
holiday? Whatever may be your financial goals, through our Recurring Deposit Scheme you can
save a little every month so that at the time of need you have sufficient funds to achieve your
financial goals. Recurring Deposit provides you the element of compulsion to save at high rates
of interest applicable to Term Deposits along with liquidity to access that savings any time. So
set aside a small amount every month and earn at compounded rates of interest.
Other Benefits
Regular Updates
You can monitor your deposit through SBI Internet Banking or through a passbook issued to
you.
A dream come true! An ALL PURPOSE LOAN for anything that life throws up at you!! Do you
need funds for a Marriage ceremony, want to take your family to a well-deserved holiday or for a
sudden medical emergency? You have some property, but would rather not sell it? Then why
not avail of this ALL PURPOSE LOAN from SBI? SBI now makes it very much possible for you
to only keep your property but also have liquid funds.
Avail of an All-Purpose loan against mortgage of any of your property. We offer you these loans
at all our Personal Banking Branches and those branches having Personal Banking Divisions
amongst others.
Purpose
This is an all purpose loan, i.e., the loan can be obtained for any purpose whatsoever. If amount
of loan is Rs.25.00 lacs and above then purpose of loan will have to be specified along with an
undertaking that loan will not be used for any speculative purpose whatever including
speculation on real estate and equity shares.
Eligibility
B. Your Net Monthly Income (salaried) is in excess of Rs.12,000/- or Net Annual Income
(others) is in excess of Rs.1,50,000/-.
Salient Features
Loan Amount
Minimum: Rs.25,000/-
Maximum : Rs.1 crore. The amount is decided by the following calculation:
• 24 times the net monthly income of salaried persons (Net of all deductions including
TDS) OR
• 2 times the net annual income of others (income as per latest IT return less taxes
payable)
Margin
We will finance up to 60% of the market value of your property.
Interest
Click here for interest rates
Repayment
Maximum of 60 equated monthly installments, up to 120 months for salaried individuals with
check-off facility. You could opt to divert any surplus funds towards prepayment of the loan
without attracting any penalty.
Processing Fees
2% of the loan amount [inclusive of the service tax]. Max of Rs. 50,000/-
Security
As per banks extant instructions.
B. HOME LOANS
Processing Fee
b) SBI ADVANTAGE HOME LOAN – FOR LOAN AMOUNT ABOVE RS. 30 LACS & UPTO
RS. 75 LACS
Only Floating Interest Rate
(Base Rate: 8.25% p.a.)
Name SBI Advantage Home Loan
Processing Fee:
Processing Fee
Leverage your investments in shares, debentures, public sector bonds and Government
securities for loans to meet unforeseen expenses!! You need not miss out on the next stock
market boom!!
Avail of loans up to Rs.20.00 lacs against your shares/debentures to enable you to meet
contingencies, personal needs or even for subscribing to rights or new issue of shares.
Eligibility
This facility is available to our existing individual customers enjoying a strong relationship with
SBI.
This loan could be availed
either singly or as a joint account with spouse in 'Either or Survivor'/'Former or Survivor' mode.
It is offered as an Overdraft or Demand Loan.
Salient Features
Purpose
For meeting contingencies and needs of personal nature.
Loan will be permitted for subscribing to rights or new issue of shares
/ debentures against the security of existing shares /
debentures.
Loan will not be sanctioned for
(i) speculative purposes
(ii) inter-corporate investments or
(iii) acquiring controlling interest in company / companies.
Loan Amount
Interest
Base Rate 8.25 % w.e.f. 14.02.2011
LOANS AGAINST SHARES / DEBENTURES / BONDS
Sceme Rate of Interest
Equity Plus Scheme 6.50% above Base Rate,
currently 14.75% p.a.
Processing Fees
Nil
Repayment Schedule
In case of a default or if the outstanding is over Rs.20.00 lacs, the shares/debentures will be
transferred in the name of the Bank.
Security:
Pledge of the demat shares/debentures against which overdraft is granted.
Coverage
Scheme is available at select branches at 50 centers.
(i) The equity shares and debentures offered as security should be fully paid.
Preference shares will not be acceptable as security
(iii) The share/ debenture should be of a company listed in BSE 100 Index,
except those of SBI (list of BSE 100 Index companies is available on www.bseindia.com).
(iv) The market price of the security should not have fallen
below par for preceding 52 weeks.
(vii) The total number of shares of the company traded on NSE and BSE should
exceed 25000 on the day of financing and on each preceding 2 days.
(viii) Security where the market price 52 week high is 4 times of the
52 week low should not be accepted. (Information related to 52 weeks high
and low, P/E ratio and traded volumes in NSE and BSE is available in Economic Times).
Rating
Debentures must have been rated 'AA+' or higher by CRISIL or equivalent rating by any other
reputed rating agency like ICRA etc.
Repayment
• No Advance EMI;
• Longest repayment tenure (7 years);
• Lowest interest rates ( there are further concessions for Corporate Salary Package
accounts) ;
• Lowest EMI;
• LTV 85% of 'On Road Price' of car (includes registration, insurance and cost of
accessories worth Rs 25000), 90% in case of Corporate Salary Package accounts;
• Interest Calculated on Daily Reducing Balance;
• Flexibility of payment of EMI anytime during the month ;
• Low pre-payment penalty, only 2%;
• Low processing fee (only 0.50% of loan amount); for Corporate Salary Package
accounts, only Rs.500 per application.
• Free Accidental insurance ; Optional SBI Life cover;
• Overdraft facility available.
The Scheme
Purpose
For purchase of new passenger cars, Multi Utility Vehicles (MUVs) and SUVs with minimum
loan component of Rs. 5.0 lakh and above.
Take over of existing loan from other Bank/Financial institution (Conditions apply)
Eligibility
To avail an SBI Car Loan, you should be :
• Individual between the age of 21-65 years of age.
• A Permanent employee of State / Central Government, Public Sector Undertaking,
Private company or a reputed establishment or
• A Professionals or self-employed individual who is an income tax assessee or
• A Person engaged in agriculture and allied activities.
• Net Annual Income Rs. 100,000/- and above.
Salient Features
Loan Amount
Maximum Loan amount will be 2.5 times of net annual income. Spouse’s income could also be
considered provided the spouse becomes a co-borrower in the loan.
Loan amount below Rs. 5 lacs will cover under the scheme
Documents Required
You would need to submit the following documents along with the completed application form:
1. Statement of Bank account of the borrower for last 12 months.
2. 2 passport size photographs of borrower(s).
3. Signature identification from bankers of borrower(s).
4. A copy of passport /voters ID card/PAN card.
5. Proof of residence.
6. Latest salary-slip showing all deductions
7. I.T. Returns/Form 16: 2 years for salaried employees and 3 years for professional/self-
employed/businessmen duly accepted by the ITO wherever applicable to be submitted.
8. Proof of official address for non-salaried individuals.
Margin
15% of the on the road price (which includes vehicle registration charges, insurance, one-time
road tax and accessories).
Repayment
You can enjoy the longest repayment period in the industry with us as long as 84 months.
Interest
w.e.f. 14.02.2011 (Base Rate 8.25 % p.a.)
All interest rates are applicable up to 31st March 2011
SBI EZEE CAR LOAN SCHEME
SL.
PARAMETER SCHEME DETAILS
No
1 Applicable to All New Car Loans to Public of loan amount less than 5 lacs
At present the following limited period offer will apply till
31st March 2011:
For Term Loan:
Card Rate: 3.00% above Base Rate i.e. min 11.25% p.a.
For 1st year: discount of 2.00% on Card Rate, i.e. 9.25% p.a.
2 Interest Rate
For 2nd & 3rd year: discount of 1.00% on Card Rate, i.e. 10.25%
p.a.
For 4th to 7th year: At Card Rate i.e.11.25% p.a.
For Overdraft:
OD will attract 0.50% more than the existing rate for Term loans.
SBI ADVANTAGE CAR LOAN SCHEME
SL.
PARAMETER SCHEME DETAILS
No
1 Applicable to All New Car Loans to Public of loan amount Rs 5 lacs and above
2 Interest Rate At present the following limited period offer will apply till
31st March 2011:
For Term Loan:
Card Rate: 2.75% above Base Rate i.e. min 11.00% p.a.
For 1st year: discount of 1.75% on Card Rate, i.e. 9.25% p.a.
For 2nd & 3rd year: discount of 0.75% on Card Rate, i.e. 10.25%
p.a.
For 4th to 7th year: At Card Rate i.e.11.00% p.a.
For Overdraft:
OD will attract 0.50% more than the existing rate for Term loans.
Used Vehicles
Tenure Rate of Interest
Up to 3 years 7.25% above Base Rate i.e. 15.50% p.a.
Above 3 yrs 7.50% above Base Rate i.e. 15.75% p.a.
Certified Pre-owned Car Loan scheme
Tenure Rate of Interest
Up to 3 years 6.00% above Base Rate i.e. 14.25% p.a.
Above 3 yrs 6.50% above Base Rate i.e. 14.75% p.a.
NOTE: ALL INTEREST RATES ARE SUBJECT TO CHANGE, WITHOUT NOTICE.
Processing Fee
Only 0.50% of Loan amount to be paid up front as processing fee, with minimum: Rs. 500/- and
maximum Rs. 10,000
25% of Processing fee will be retained if application is rejected after pre-sanction survey.
E. RENT PLUS
Name of scheme
Rent Plus
Nature of facility
Term Loan
Period of repayment
7 years or the residual lease period, whichever is lower.
Eligible customer
Owners of residential buildings and commercial properties in Rural/Semi-urban/Urban/Metro
areas which are to be rented or already rented to MNCs/ Banks/ Large & medium size
corporate.
Purpose
To meet liquidity mis-match of the applicants.
Quantum of finance
Min. Rs. 50,000.00
Max. Rs. 5 crore for properties located at Non-Metro Centres and Rs. 7.50 crores for properties
located at Metro Centres. There will be no differentiation on the basis of constitution of the
applicant.
Margin
40%
Repayment
Equated Monthly Installments of 7 years or residual lease period.
Prepayment
1% of the loan amount prepaid.
Interest
Other Loans
Type of Facility Rate of Interest
Clean Overdraft 8.25% above Base Rate,
currently 16.50% p.a.
Personal Loans Scheme (SBI 8. 50% above Base Rate
Saral) floating, currently 16.75%
p.a.
SBI Loan to Pensioners 4.75% above Base Rate,
currently 13.00% p.a.
SBI Loan to Affluent 4.75% above Base Rate,
Pensioners currently 13.00% p.a.
Festival Loan Scheme 6.75% above Base Rate,
currently 15.00% p.a.
Loan against Bank Time 1.00% over the rate paid
Deposits on Relative time deposit.
Xpress Credit
Facility Rate of
Interest
Type
Demand Loan Check-off from Employer
5.00%
above Base
Rate
Floating,
currently
13.25% p.a.
NOTE: ALL INTEREST RATES ARE SUBJECT TO CHANGE,
WITHOUT NOTICE
Primary Security
Assignment of receivables and recording of power attorney with the lessee is a must.
Collateral Security
i) First charge on buildings against the rentals of which the loan would be sanctioned (value of
the property should be double the amount of loan) or any other acceptable property of equal
value.
iii) In case of partnership firm, personal guarantee of the partners of the building. In case of
company personal guarantee of directors to be obtained.
Insurance
The amount of insurance should cover the value of assets charged to the Bank.
Applicability
Metro / Urban / Semi-urban/ Rural centers.
A term loan granted to Indian Nationals for pursuing higher education in India or abroad where
admission has been secured.
Eligible Courses
a. Studies in India:
• Graduation, Post-graduation including regular technical and professional
Degree/Diploma courses conducted by colleges/universities approved by UGC/
AICTE/IMC/Govt. etc
• Regular Degree/ Diploma Courses conducted by autonomous institutions like IIT, IIM
etc
• Regular Degree/Diploma Courses like Aeronautical, pilot training, shipping etc. approved
by Director General of Civil Aviation/Shipping
• Vocational Training and skill development study courses will not be covered under the
Education Loan Scheme, as the scheme is framed to provide bank loans for higher
studies.
b. Studies abroad:
• Graduation/ Post-graduation for job oriented professional/ technical courses offered by
reputed universities
Amount of Loan
• For studies in India, maximum Rs. 10 lacs
• Studies abroad, maximum Rs. 20 lacs
Interest
Processing Fees
• No processing fee/ upfront charges
• Deposit of Rs. 5000/- for education loan for studies abroad which will be adjusted in the
margin money
Repayment Tenure
Repayment will commence one year after completion of course or 6 months after securing a
job, whichever is earlier.
Repayment Period
Place of Study Loan Amount
in Years
Studies in India Rs. 10.0 lacs 5-7
Studies Abroad Rs. 20.0 lacs 5-7
Security
For loans upto Rs. 10.00 lacs for Studies
Amount inIndia and upto Rs. 20.00 lacs for studies
abroad
Upto Rs. 4
No Security
lacs
Collateral security in the form of suitable third party
guarantee. The bank may, at its discretion, in
Above Rs. 4
exceptional cases, weive third party guarantee if
lacs to Rs.
satisfied with the net-worth/means of parent/s who
7.50 lacs
would be executing the documents as "joint
borrower".
Tangible collateral security of suitable value, along
Above Rs.
with the assignment of future income of the
7.50 lacs.
student for payment of installments.
All loans should be secured by parent(s)/guardian of the student borrower. In case of
married person, co-obligator can be either spouse or the parent(s)/ parents-in-law
Margin
• For loans up to Rs.4.0 lacs : No Margin
• For loans above Rs.4.0 lacs:
o Studies in India: 5%
o Studies Abroad: 15%
Documentation Required
• Completed Education Loan Application Form.
• Mark sheets of last qualifying examination
• Proof of admission scholarship, studentship etc
• Schedule of expenses for the specified course
• 2 passport size photographs
• Borrower's Bank account statement for the last six months
• Income tax assessment order, of last 2 years
• Brief statement of assets and liabilities, of the Co-borrower
• Proof of Income (i.e. Salary slips/ Form 16 etc).
NRI SERVICES
“Indians everywhere should become enlightened International citizens. Wherever you are,
whichever country you live, enrich that nation, not only in financial terms, but also with
your sweat knowledge and dignity since that is the tradition of the country from where you
came. At the same time, remember we have a common umbilical connectivity to our
motherland, India.”
A P J Abdul Kalam
Hon'ble President of India
at the 3rd Pravasi Bharatiya Divas held from 7 - 9 Jan 2005 at Mumbai.
• Passport copy
• Visa/residence permit
• 2 photographs
• initial money remittance
You can authorise a resident to operate your account through a Power of Attorney or Letter
of Authority
In case of any assistance/information, you may contact our Nodal Officers at all Local Head
Offices:-
[Print Page]
State Bank of India Caters to the needs of agriculturists and landless agricultural
labourers through a network of 8750 rural and semi-urban branches. Apart from the
branches, there are 428 Agricultural Development Branches (ADBs) which also cater to
agriculturists. We are the leaders in agri finance in the country with a portfolio of Rs. 64,000
crs in agri advances covering around 80 lac accounts.
Our branches have covered a whole gamut of agricultural activities like crop production ,
horticulture , plantation crops, farm mechanization, land development and reclamation,
digging of wells, tube wells and irrigation projects, forestry, construction of cold storages
and godowns, processing of agri-products, finance to agri-input dealers, allied activities like
dairy , fisheries, poultry, sheep-goat, piggery and rearing of silk worms.
To give special focus to agriculture lending Bank has also appointed agri specialists in
various disciplines to handle projects/ guide farmers in their agri ventures. Advances are
given to borrowers for very small activities covering poorest of the poor to hitech activities
involving large fund outlays.
Now we are setting up Agri Commercial Branches (ACBs) which will handle high value agri
financing involving large investments. It envisages lending through corporate partnerships
and other large enterprises for commodity financing, investment credit, other high value
agriculture segments like horticulture, floriculture & food processing etc. It also focuses on
Agri related SME including setting up of Rice and Dhal mills, seed processing industry, food
processing industry, large and small scale dairy units, etc.
Traditionally, rural business is associated with agriculture and allied activities. Of late
however, the trickle down effect of economic growth, renewed focus on infrastructure
development, and employment generation in rural areas have led to huge investment by the
Government in rural India, with a view to bridge the urban and rural divide.
Considering that agriculture would continue to be significant driver of Indian economy, with
the possibilities of rapid growth in emerging areas like contract farming, agro-processing
and agro-export zones, etc., a separate Agri Business Unit (ABU) with a distinct
organizational structure has been set up in the Bank and under noted objectives has been
created in 2004:-
o Achieving 18% target under agricultural advances as required under priority sector
norms,
o Focus on micro finance and SHG opportunities (now part of non-farm sector in
Rural Business),
o Focus on Key Corporate and Institutional relationships in agriculture, emerging
opportunities, and special initiatives, as may be necessary,
We also have an effective Marketing and recovery team in each region with responsibilities
for marketing and building relationships with dealers of agri-products, organizing
promotional events and for loan sanction, processing, monitoring and recovery.
With a collective effort of Govt. and the people, we are set forth to continue growth in the
rural and agri development and become the ‘Banker to Every Indian’.
INTERNATIONAL BANKING
[Print Page]
International banking services of State Bank of India are delivered for the benefit of its
Indian customers, non-resident Indians, foreign entities and banks through a network
of 131offices/branches in 32 countries as on 31 July 2009, spread over all time zones.
The network is augmented by a cluster of Overseas and NRI branches within India and
correspondent links with over 522 banks, the world over. Bank's Joint Ventures and
Subsidiaries abroad further underline the Bank's international presence.
The services include corporate lending, loan syndications, merchant banking, handling
Letters of Credit and Guarantees, short-term financing, collection of clean and documentary
credits and remittances.
The Bank has carved a niche for itself in the Euroland with branches located
in Antwerp, Paris and Frankfurt. Indian banks and corporates are able to avail single-
window Euro services from the Bank's Frankfurt branch.
"SBI now provides your Account Balance and Transaction details over phone round-the-
clock. Information on deposits & loan schemes and services also available. Call 1800112211
(tollfree from BSNL/MTNL) or New Contact Centre Access Numbers."
CORPORATE BANKING
[Print Page]
SBI is a one shop providing financial products / services of a wide range for large , medium
and small customers both domestic and international.
Term Loans
To support capital expenditures for setting up new ventures as also for expansion,
renovation etc.
Corporate Loans
Export Credit
State Bank of India has been playing a vital role in the development of small scale
industries since 1956.The Bank has financed over 8 lakhs SSI units in the country.It has 55
specialised SSI branches, 99 branches in industrial estates and more than 400 branches
with SIB divisons.
The Bank finances for Small Business activities which are of special significance to a large
number of people as many of these activities can be started with relatively lower investment
and with no special skills on the part of the enterpreneurs.
"SBI now provides your Account Balance and Transaction details over phone round-the-
clock. Information on deposits & loan schemes and services also available. Call 1800112211
(tollfree from BSNL/MTNL) or New Contact Centre Access Numbers."