SBI, The Giant in Public Sector Banks

It is not amazing to have savings account or current account in SBI(State Bank Of India) for their daily savings(which would refer to General Public)and day-to-day business transactions(For Entrepreneurs)these days. As per directives of Modi Government to have a basic account to have a bank a/c under “Pradhan Mantri Jan Dhan Yojana “it has reached to majority of the people including students, housewives, employees and entrepreneurs.

Today SBI is the Top-Most leading Public Sector Bank with more than 2.5 Lakh employees serving more than 35 Million customers across India. As of now it shares 25% Market share in over-all deposit and loans of the total businesses being done by banks in India(including Private Banks).

SBI- It’s History and Business Expansion

It was laid steps in 1806 by Imperial Bank of India along with collaboration of Bank of calcutta, making it as the oldest public sector bank in India. As a part of expansion, Imperial Bank of India was amalgamated by The Bank of Madras in the form of merging Bank of Bombay and the Bank of calcutta together to form SBI in 1955. Noticing it’s future capability India’s central Bank RBI(Reserve Bank of India) purchased SBI with 60% stake.

Business Growth

As per directives of Modi Government 5 State Bank linked subsidiary banks State Bank of Bikaner & Jaipur, State Bank of Travancore, State Bank of Patiala,State Bank of Mysore and State Bank of Hyderabad merged with SBI in 2017. The merger create a bigger scope for it’s business growth, eventhough NPA’s(Non-Performing Assets) arouse in the initial years of merging, due to its strong back-up by the government, it manages to stabilises its revenue on YOY(Year-on-Year)basis.


In the initial years of NDA(2014-19)1st term ruling, Mr.Rajnish Kumar handles the CEO role of SBI. In his tenure SBI made significant growth, even during denometisation time it’s growth was fabulous. After the tenure of Rajnish Kumar, Mr. Dinesh Kumar Khara(Current CEO)is handling the task with ease and perfection.

Types of Accounts-

For every need, there is a solution at SBI. From Minors(childrens above 10years-saving a/c’s like Pehla kadam, Pehla Udaan) to senior citizens SBI holds unique schemes of which SBI Savings Plus(Modular-Flexi a/c which converts amount into FD’s instantly)is a popular one. For small savings, it allows RD accounts(Tiny amounts investing monthly)to Tax-Saver FD(Of 5 years lock-in there are enormous options.

Unique Features-

Unlike other banks, SBI has 24 hours e-corner centres across India which allows to print passbooks, deposit cash(Through CDM Machine)24*7 ATM (for cash withdrawals)anytime,anywhere round the clock(To find the nearest e-corner centre please

To prevent heavy rush at the cash counters, SBI branches are enabled with Digital “Token” system which makes the customer to avail this facility upon his/her term when the system prompts the Token Number. Especially in these covid times it worked well letting the customers to come to the cash counter upon his term.

Not only as a bank, it created “Wealth” for it’s shareholders-

As government transactions like challans, taxes are heavily transacted through SBI branches, for those who wish to be a partner of SBI(By buying shares), it has created enormous wealth to its shareholders in the past and it is expected to continue its path to wealth creation. Especially in the past 1 year it has doubled its share price making shareholders “Double” their investments. But it is for those who has knowledge on stocks, but not for every one. If you are a conservative and non-risk tasker go for Fixed deposits(as they are backed by government security)Choice is yours!!!!.

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