State Bank Of India Case Study

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STATE BANK OF INDIA The roots of the State Bank of India rest in the first decade of 19th century, when the bank of Calcutta, later renamed the Bank of Bengal was established on 2 June, 1806. The Bank of Bengal and two other Presidency 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 Joint Stock Companies, and were the result of the Royal Charters. These three banks received the exclusive right to issue paper currency in 1861 with the Paper Currency Act, a right they retained until the formation of the Reserve Bank of India. The Presidency banks amalgamated on 27 January 1921 and the reorganized banking entity took as its…show more content…
was incorporated under a special charter of His Highness Maharaja Tukojirao Holker-III, the then ruler of this region. In terms of State Bank of India (Subsidiary Banks) Act, 1959 the Bank of Indore Ltd. became a subsidiary of State Bank of India i.e. 1st January 1960 and was renamed as State Bank of Indore The Bank acquired business of The Bank of Dewas Ltd. in 1962 and The Dewas Senior Bank Ltd. in 1965 and was up-graded to class 'A' category bank in 1971. Ever since the Bank has been making steady progress and at the end of Mar. 2009, the business turnover has crossed Rs.50000 crore. Originally known as the Bank of Indore Ltd, the State bank of Indore is a nationalized bank of India. The State bank of Indore is popularly known as Indore Bank in Malwa Region and it is a subsidiary body of the State bank of India. The economy of Indore is an expanding one and the State bank of Indore is an integral part of that growth. The State bank of Indore operates with certain objectives in mind, these…show more content…
Sangli Bank had been founded in 1916 and was particularly strong in rural areas. ICICI also received permission from the government of Qatar to open a branch in Doha. ICICI Bank (formerly Industrial Credit and Investment Corporation of India) ) is a major banking and financial services organization in India. It is the second largest bank in Indiaand the largest private sector bank in India by market capitalization. The bank also has a network of 2,016 branches (as on 31 March 2010) and about 5,219 ATMs in India and presence in 18 countries, 22 as well as some 24 million customers (at the end of July 2007). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and specialization subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. (These data are dynamic.) ICICI Bank is also the largest issuer of credit cards in India. ICICI Bank's shares are listed on the stock exchanges at BSE, NSE, Kolkata and Vadodara (formerly Baroda) ; its ADRs trade on the New York Stock Exchange

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