ABOUT US

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State Bank of India welcomes you to explore the world of premier bank in India. In this section, you can access detailed information on Overview of the Bank, Technology Upgradation in the Bank,Board of Directors, Financial Results and Shareholder Info. The Bank is actively involved since 1973 in non-profit activity called Community Services Banking. All our branches and administrative offices throughout the country sponsor and participate in large number of welfare activities and social causes. Our business is more than banking because we touch the lives of people anywhere in many ways. Our commitment to nation-building is complete & comprehensive.

BOARD OF DIRECTORS
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List of Directors on the Central Board of State Bank of India (As on 26th November 2011) Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 13 Name Shri Pratip Chaudhuri Shri Hemant G. Contractor Shri Diwakar Gupta Shri A. Krishna Kumar Shri Dileep C. Choksi Shri S. Venkatachalam Shri D. Sundaram Shri Parthasarathy Iyengar Shri Jyoti Bhushan Mohapatra Shri G. D. Nadaf Shri Rashpal Malhotra Shri D. K. Mittal Dr. Subir V. Gokarn Designation Chairman Managing Director Managing Director Managing Director Director Director Director Director Workmen Employee Director Officer Employee Director Director Director Director Under Section of SBI Act 1955 19 (a) 19 (b) 19 (b) 19 (b) 19 (c) 19 (c) 19 (c) 19 (c) 19 (ca) 19 19 19 19 (cb) (d) (e) (f)

TRANSFORMATION JOURNEY IN STATE BANK OF INDIA

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The State Bank of India, the countrys oldest Bank and a premier in terms of balance sheet size, number of branches, market capitalization and profits is today going through

a momentous phase of Change and Transformation the two hundred year old Public sector behemoth is today stirring out of its Public Sector legacy and moving with an agility to give the Private and Foreign Banks a run for their money. The bank is entering into many new businesses with strategic tie ups Pension Funds, General Insurance, Custodial Services, Private Equity, Mobile Banking, Point of Sale Merchant Acquisition, Advisory Services, structured products etc each one of these initiatives having a huge potential for growth. The Bank is forging ahead with cutting edge technology and innovative new banking models, to expand its Rural Banking base, looking at the vast untapped potential in the hinterland and proposes to cover 100,000 villages in the next two years. It is also focusing at the top end of the market, on whole sale banking capabilities to provide Indias growing mid / large Corporate with a complete array of products and services. It is consolidating its global treasury operations and entering into structured products and derivative instruments. Today, the Bank is the largest provider of infrastructure debt and the largest arranger of external commercial borrowings in the country. It is the only Indian bank to feature in the Fortune 500 list. The Bank is changing outdated front and back end processes to modern customer friendly processes to help improve the total customer experience. With about 8500 of its own 10000 branches and another 5100 branches of its Associate Banks already networked, today it offers the largest banking network to the Indian customer. The Bank is also in the process of providing complete payment solution to its clientele with its over 21000 ATMs, and other electronic channels such as Internet banking, debit cards, mobile banking, etc. With four national level Apex Training Colleges and 54 learning Centres spread all over the country the Bank is continuously engaged in skill enhancement of its employees. Some of the training programes are attended by bankers from banks in other countries. The bank is also looking at opportunities to grow in size inIndia as well as Internationally. It presently has 82 foreign offices in 32 countries across the globe. It has also 7 Subsidiaries in India SBI Capital Markets, SBICAP Securities, SBI DFHI, SBI Factors, SBI Life and SBI Cards - forming a formidable group in the Indian Banking scenario. It is in the process of raising capital for its growth and also consolidating its various holdings. Throughout all this change, the Bank is also attempting to change old mindsets, attitudes and take all employees together on this exciting road to Transformation. In a recently concluded mass internal communication programme termed Parivartan the Bank rolled out over 3300 two day workshops across the country and covered over 130,000 employees in a period of 100 days using about 400 Trainers, to drive home the message of Change and inclusiveness. The workshops fired the imagination of the employees with some other banks in India as well as other Public Sector Organizations seeking to emulate the programme. The CNN IBN, Network 18 recognized this momentous transformation journey, the State Bank of India is undertaking, and has awarded the prestigious Indian of the Year Business, to its Chairman, Mr. O. P. Bhatt in January 2008. The elephant has indeed started to dance.

EVOLUTION OF SBI
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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 modernise 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.

Bank of Bengal H.O.

Establishment The establishment of the Bank of Bengal marked the advent of limited liability, jointstock 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 upto 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.

Group Photogaph of Central Board (1921)

Business The business of the banks was initially confined to discounting of bills of exchange or other negotiable private securities, keeping cash accounts and receiving deposits and issuing and circulating cash notes. Loans were restricted to Rs.one lakh and the period of accommodation confined to three months only. The security for such loans was public securities, commonly called Company's Paper, bullion, treasure, plate, jewels, or goods 'not of a perishable nature' and no interest could be charged beyond a rate of twelve per cent. Loans against goods like opium, indigo, salt woollens, cotton, cotton piece goods, mule twist and silk goods were also granted but such finance by way of cash credits gained momentum only from the third decade of the nineteenth century. All commodities, including tea, sugar and jute, which began to be financed later, were either pledged or hypothecated to the bank. Demand promissory notes were signed by the borrower in favour of the guarantor, which was in turn endorsed to the bank. Lending against shares of the banks or on the mortgage of houses, land or other real property was, however, forbidden. Indians were the principal borrowers against deposit of Company's paper, while the business of discounts on private as well as salary bills was almost the exclusive monopoly of individuals Europeans and their partnership firms. But the main function of the three banks, as far as the government was concerned, was to help the latter raise loans from time to time and also provide a degree of stability to the prices of government securities.

Old Bank of Bengal

Major change in the conditions A major change in the conditions of operation of the Banks of Bengal, Bombay and Madras occurred after 1860. With the passing of the Paper Currency Act of 1861, the right of note issue of the presidency banks was abolished and the Government of India assumed from 1 March 1862 the sole power of issuing paper currency within British India. The task of management and circulation of the new currency notes was conferred on the presidency banks and the Government undertook to transfer the Treasury balances to the banks at places where the banks would open branches. None of the three banks had till then any branches (except the sole attempt and that too a shortlived one by the Bank of Bengal at Mirzapore in 1839) although the charters had given them such authority. But as soon as the three presidency bands were assured of the free use of government Treasury balances at places where they would open branches, they embarked on branch expansion at a rapid pace. By 1876, the branches, agencies and sub agencies of the three presidency banks covered most of the major parts and many of the inland trade centres in India. While the Bank of Bengal had eighteen branches including its head office, seasonal branches and sub agencies, the Banks of Bombay and Madras had fifteen each.

Bank of Madras Note Dated 1861 for Rs.10

Presidency Banks Act The presidency Banks Act, which came into operation on 1 May 1876, brought the three presidency banks under a common statute with similar restrictions on business. The proprietary connection of the Government was, however, terminated, though the banks continued to hold charge of the public debt offices in the three presidency towns, and the custody of a part of the government balances. The Act also stipulated the creation of Reserve Treasuries at Calcutta, Bombay and Madras into which sums above the specified minimum balances promised to the presidency banks at only their head offices were to be lodged. The Government could lend to the presidency banks from such Reserve Treasuries but the latter could look upon them more as a favour than as a right.

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 Terais, 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. But this creation was preceded by years of deliberations on the need for a 'State Bank of India'. What eventually emerged was a 'half-way house' combining the functions of a commercial bank and a quasi-central bank. 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 authorised 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. The establishment of the Reserve Bank simultaneously saw important amendments being made to the constitution of the Imperial Bank converting it into a purely commercial bank. The earlier restrictions on its business were removed and the bank was permitted to undertake foreign exchange business and executor and trustee business for the first time.

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.

First Five Year Plan In 1951, when the First Five Year Plan was launched, the development of rural India was given the highest priority. The commercial banks of the country including the Imperial Bank of India had till then confined their operations to the urban sector and were not equipped to respond to the emergent needs of economic regeneration of the rural areas. In order, therefore, to serve the economy in general and the rural sector in particular, the All India Rural Credit Survey Committee recommended the creation of a statepartnered and state-sponsored bank by taking over the Imperial Bank of India, and integrating with it, the former state-owned or state-associate banks. An act was accordingly passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955. More than a quarter of the resources of the Indian banking system thus passed under the direct control of the State. Later, the State Bank of India (Subsidiary Banks) Act was passed in 1959, enabling the State Bank of India to take over eight former State-associated banks as its subsidiaries (later named Associates). The State Bank of India was thus born with a new sense of social purpose aided by the 480 offices comprising branches, sub offices and three Local Head Offices inherited from the Imperial Bank. The concept of banking as mere repositories of the community's savings and lenders to creditworthy parties was soon to give way to the concept of purposeful banking subserving the growing and diversified financial needs of planned economic development. The State Bank of India was destined to act as the pacesetter in this respect and lead the Indian banking system into the exciting field of national development.

BANKING SUBSIDIARIES
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BANKING SUBSIDIARIES
ASSOCIATE BANKS

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State Bank of India has the following five Associate Banks (ABs) with controlling interest ranging from 75% to 100%. 1. State Bank of Bikaner and Jaipur (SBBJ) 2. State Bank of Hyderabad (SBH) 3. State Bank of Mysore (SBM) 4. State Bank of Patiala (SBP) 5. State Bank of Travancore (SBT) As on June 30, 2011, the five ABs have a combined network of 4748 branches in India which are on core banking and 4713 ATMs networked with SBI ATMs, providing value added services to clientele. The combined net profit of these banks increased by 10.67% over the previous year to reach Rs.735.79 crores as on 30th June 2011. Deposits and advances grew by 12.39% and 16.32%, respectively, during the year. The combined Net NPA ratio of all ABs was at 1.12% as on 30th June 2011.The highlights of performance of the five ABs for the quarter ended June 11 are as follows: (Rs. In crores) Deposits Loans Investments 317581 240601 97439

Total Assets Return on Assets No. of Branches Url SBBJ SBH SBM SBP SBT

378565 0.79% 4748

www.sbbjbank.com www.sbhyd.com www.mysorebank.com www.sbp.co.in www.statebankoftravancore.com

SBICI Bank Ltd (Banking Subsidiary, fully owned by SBI): SBICI Bank Ltd has two branches, fully computerised, operating in Mumbai. The Bank recorded a net profit of Rs.0.27 crore during quarter ended June 11. Deposits, Loans and Investments were at Rs.416.89 crore, Rs.233.95 crore and Rs.304.40 crore, respectively, as at 30th June 2011. Return on Assets was at 0.17% while Capital Adequacy Ratio stood at 29.67% as on 30.6.2011. The Bank has since been acquired by SBI on 29.07.2011.

NON BANKING SUBSIDIARIES

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The Bank has the following Non-Banking Subsidiaries in India: 1.SBI Capital Markets Ltd 2.SBI Funds Management Pvt Ltd 3.SBI Factors & Commercial Services Pvt Ltd 4.SBI Cards & Payments Services Pvt. Ltd. (SBICPSL) 5.SBI DFHI Ltd 6.SBI General Insurance Company Limited SBI Capital Markets Ltd (SBICAP) SBICAP undertakes merchant banking activities, advisory services, project appraisal, credit syndication and securities broking.

SBICAPs current focus is on infrastructure project advisory and syndication mandates, particularly in sectors, such as, urban infrastructure and power, which are reckoned as the growth drivers. The other focus areas are public issues of equity, book-building issues, debt placements, broking, and sales and distribution.

During the year, SBICAPs forged ahead in issue management, project advisory and structured finance, sales & distribution. It focused on infrastructure project advisory and syndication mandates, particularly in the energy sector, which is reckoned as the critical growth driver in the growth of the economy. On the international front SBICAPs bagged an infrastructure (water) advisory assignment from the Ministry of National Economy, Oman and was an integral part of the team effort for SBIs first acquisition of a bank overseas. It was also associated with SBI for providing advisory in respect of participation of Societe Generale Asset Management, France in SBI Mutual Funds. It handled seven public issues out of the thirty four issues, which hit the primary market during the period. The Company recorded an improved financial performance during the year with gross income amounting to Rs.175.06 crore as against Rs.142.75 crore in the previous year, a y-o-y growth of approx. 23%. PAT of Rs.88.12 crore as against Rs. 63.23 crore in the last year shows a y-o-y growth of approx.40%. For more information visit http://www.sbicaps.com

SBI Funds Management Pvt Ltd (SBI FUNDS) SBI FUNDS is the Asset Management Company (AMC) set up for managing the affairs of SBI Mutual Fund. During 2003-04, SBI FUNDS reported a total inflow of Rs.12,450 crore in the openended funds. Total redemption amounted to Rs.10,523 crore, leaving a net inflow of Rs.1,927 crore for the year as against a net inflow of Rs.686 crore in the previous year. The total net assets of domestic funds under management stood at Rs.5,340 crore as on the 31st March 2004 as against Rs.3,312 crores as on the 31st March 2003. SBI FUNDS recorded a profit after tax of Rs.10.09 crore in 2003-2004, as against Rs.6.21 crore in the preceding year and paid a dividend of 10%. The Bank holds 100% equity of the Company. For more information visit http://www.sbimf.com

SBI DFHI Ltd (SBI DFHI)

SBI DFHI LTD is a Primary Dealer an Institution created by RBI to support the book building process in Primary Auctions of Government securities and provides necessary depth and liquidity to the Secondary Market in Government Securities. SBI DFHI Ltd was created out of the merger in 2004 of two leading players in the domestic Money and Debt Markets, the RBI promoted Discount & Finance House of India (DFHI) and SBI Gilts Ltd. It is a market leader in the Primary Dealer segment of the domestic debt market, with a Net Worth of Rs. 852.69 crores (as on 31st March 2011) and a presence in all major financial centers of the country. It is a major participant in the Government Securities market and

posted an impressive turnover of Rs. 135351 cr. in G. Secs and Rs. 85628 cr. in T-Bills during FY 2010-11. The company is active in retailing of Government securities, including small lots. The company also trades in various types of other securities like Corporate Bonds, PSU Bonds, Fertilizer Bonds , Certificate of Deposits etc.
The company has posted a post tax profit of Rs. 56.94 crores for the year 2010-11 and paid a dividend of 12.5%.The company bought back 25% of its paid up equity capital during the year 2010-11. The State Bank Group holds 72.17% of the companys share capital as on 31st March 2011. For more information, please visit www.sbidfhi.com.

SBI Factors and Commercial Services Pvt Ltd (SBI FACTORS) SBI Factors, a subsidiary of State bank of India (SBI) is one of the leading factoring companies in India with an asset base of Rs. 700.10 crores as on 30.09.2005. It was established in February 1991 with the primary objective to provide domestic factoring services to Small and Medium Enterprises (SMEs). Factoring is a Collection and finance service designed to improve the cash flow position of SMEs by turning their credit invoices into ready cash. The major strength of the company is that it has put in place a technology driven platform for offering integrated receivables management. SBI and its Associates Banks hold 70% stake in SBI Factors.

SBIF offers Domestic Factoring With Recourse and Without Recourse. Purchase Bill Factoring, Factoring of Usance Bills Under LC, Channel Financing of Dealers / Distributors and Export Factoring Facilities. All its products have been well received by its clients.
SBIF has ten branches all over the country and it has plans to open three more branches during the year. It has achieved a turnover of Rs. 1489.54 Crores with Prepayment Outstanding of Rs. 459.35 crores for the year ended 31.03.2005. The profit before tax was Rs. 9.64 crores and PAT Rs. 6.12 Crores for the year 2004-05. It has recorded a NIL NPA position as at 31.03.2005. It has declared a dividend of 8% during the year 2005. It has a market share of 40.30% as on 30.09.2005. For more information visit http://www.sbifactors.com

SBI Cards & Payments Services Pvt. Ltd. (SBICPSL) 1. 2. 3. 4. 5. 6. Launch of SBI Delhi, SBI Hyderabad and SBI Bangalore city affinity cards. Launch of Flexipay, an instalment loan programme. Market leadership in VISA petrol spends in India. Launch of e-bill payment of SBI Credit Card for SBI account holders. Launch of Elite card which is offered by invitation only. Ten per cent maiden dividend declared.

For more information visit http://www.sbicard.com

SBI General Insurance Company Limited

SBI General Insurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total capital and IAG the remaining 26%. SBI General commenced its business operation in India late March 2010 in a limited way and is working towards a nationwide launch with a larger product portfolio. SBI General will be a technology driven company with state-of-the-art IT systems. It will be a multi-product, multi-segment and multi-channel company. SBI General is in the process of setting up a unique multi-distribution model encompassing Bancassurance, Agency, Broking & Retail Direct (On-line & Tele Sales) channels. Bancassurance will be the major channel during the initial years. SBI Generals Vision is to emerge as the most trusted protection provider with fair and transparent business practices and lead the nations effort in increasing general insurance penetration as well as partnering the nation in reducing risks systematically. SBI General in course of time will introduce innovative and well-diversified portfolio of products at competitive prices & convenient to buy. For more information visit http://www.sbigeneral.in

JOINT VENTURES
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The Bank has the following Joint Ventures in India:

1. SBI Life Insurance Company Ltd (SBI LIFE) 2. SBI General Insurance Company Limited

3. SBI-SG Global Securities Private Limited

1. SBI Life Insurance Company Ltd (SBI LIFE) SBI Life Insurance, Indias largest private life insurance, is a joint venture between State Bank of India and BNP Paribas Assurance SBI owns 74% of the total capital and BNP Paribas Assurance the remaining 26%. SBI Life Insurance has an authorized capital of Rs. 2,000 crore and a paid up capital of Rs 1,000 crores. BNP Paribas Assurance is the insurance arm of BNP Paribas - Euro Zones leading Bank. BNP Paribas, part of the worlds top 10 groups of banks by market value and part of Europe top 3 banking companies, is one of the oldest foreign banks with a presence in India dating back to 1860. BNP Paribas Assurance is the fourth largest life insurance company in France, and a worldwide leader in Creditor insurance products offering protection to over 50 million clients. BNP Paribas Assurance operates in 41 countries mainly through the bancassurance and partnership model. SBI Life Insurances mission is to emerge as the leading company offering a comprehensive range of Life Insurance and pension products at competitive prices, ensuring high standards of customer service and world class operating efficiency. SBI Life has a unique multi-distribution model encompassing Bancassurance, Agency and Corporate Solutions. SBI Life extensively leverages the SBI Group relationship as a platform for cross-selling insurance products along with its numerous banking product packages such as housing loans and personal loans. Agency Channel, comprising of the

most productive force of over 68,000 Insurance Advisors, offers door to door insurance solutions to customers. SBI Lifes Key Accomplishments: y y y y Bagged the coveted personal finance award-Outlook Money NDTV Profit best Life Insurer 2008. Globally topped at the prestigious MDRT 09, in terms of number of Million Dollar Round Table (MDRT) members. First life insurer to receive CRISILs highest financial rating AAA/Stable. ICRA too has assigned iAAA rating indicating highest claims paying ability to SBI Life Insurance. Retains ISO 9001:2000 certificate for superior claim settlement process

For more information, please visit www.sbilife.co.in

2. SBI General Insurance Company Limited SBI General Insurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total capital and IAG the remaining 26%. SBI General commenced its business operation in India late March 2010 in a limited way and is working towards a nationwide launch with a larger product portfolio. SBI General will be a technology driven company with state-of-the-art IT systems. It will be a multi-product, multi-segment and multi-channel company. SBI General is in the process of setting up a unique multi-distribution model encompassing Bancassurance, Agency, Broking & Retail Direct (On-line & Tele Sales) channels. Bancassurance will be the major channel during the initial years. SBI Generals Vision is to emerge as the most trusted protection provider with fair and transparent business practices and lead the nations effort in increasing general insurance penetration as well as partnering the nation in reducing risks systematically. SBI General in course of time will introduce innovative and well-diversified portfolio of products at competitive prices & convenient to buy. For more information visit http://www.sbigeneral.in

3. SBI-SG Global Securities Services Private Limited SBI-SG Global Securities Services Private Limited is a joint venture between State Bank of India (SBI) and Societe Generale Securities Services (SGSS). This joint venture has been set up to offer high quality Custody Services, Fund Accounting & Fund Administration, Risk Analysis & Performance Measurement and Registrar & Transfer Agency Services to domestic investors like Financial Institutions, Mutual Funds, Insurance Companies, Pension Funds, Portfolio Management Services, Private Banks, Corporates, Brokers and overseas investors like Global Custodians or Foreign Institutional Investors in the Indian Securities Market. The joint venture is leveraging SBIs strength in the Indian financial sector and SGSS is contributing its recognized experience and best practices as one of the leading global custodians providing securities services across 80 countries world-wide.

It is a state-of-the-art service delivery with total focus on rendering world class service to all the major players in the Securities Industry in India. For more information, please visit www.sbisgcsl.co.in