Why SBI will change your life.

• Founded: 1959
• Headquarter: Mumbai
• Industry: PUBLIC SECTOR BANK
• Symbol: SBIN
• website: Sbi

State bank of India Profile:

State Bank of India (SBI) is one the oldest public sector bank and financial service companies in India. Sbi is the most trusted bank in India.

They have diversified their business into various subsidiaries to fulfill the need of customer satisfaction they are SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc., and also have 62,617 ATMs kept functional to cater to customers’ needs smoothly.

They provide a wide range of products and services to individuals, commercial enterprises, large corporates, public
bodies, and institutional customers through its various branches and outlets, joint ventures, subsidiaries, and associate companies.

SBI Services For their Customer

Personal Banking

Sbi has started personal banking for their customer to service saving and through a wide range of loan products, Salary Packages, Digital Loan offerings, NRI Business, and Wealth Management services, amongst others, and has 41 Lakhs of Home loan customers are available.

Rural Banking

Sbi has provided services for the rural people through its offerings in Financial Inclusion Micro Credit, Agriculture
Business.

In rural banking, there are 1.37 crores of funds have been provided in this service.

SME Banking

Sbi is a market leader in SME banking to provide a financial service to customers in India. and has provided simple and innovative financial solutions to our SME clientele while also ensuring high-quality customer services.

Corparate Banking

Corporate Banking is top class financial product and services provided by an SBI and to those exclusively to major top corporates of the country and Navratna PSUs.

International Banking Group

First initiated to take the service first among the Public sector bank in India. In IBG contributor in transforming
the industry landscape through its specialized verticals on various fronts.

IBG has 229 office presence to provide and services to the customers

Goverment Banking

SBI is a market leader in Government business. It significantly contributes towards e-governance initiatives taken by the GOI and is instrumental in the development of e-Solutions for both Central and State Governments.

Investments

its subsidiary of SBI card has released an IPO in 2000 and is also the second-largest credit card issuer in India with deep industry expertise and a demonstrated track record of growth and profitability.

SBI Technology Implement for their customer benefits

IT Initiative has LITMAS (Litigation Management System) for better monitoring of legal recourses undertaken in the
stressed account for expediting recovery.

SARG is looking towards a complete digitalization of the vertical, with end-to-end process automation, starting from
Premigration of the account to Resolution of the account,

For Corporate loan Digital, The interface on Pricing and Knowledge (DIPAK) a new pricing tool has also been
made available to Operating functionaries and Sanctioning Committees to enable data to price our Corporate Loans.

They have developed a YONO technology to benefit the customer and they used a key strategic pillar of the business model. To show customer satisfaction in a digital platform and bring hope to the YONO technology they showed a result of almost 88.1% of our customer transactions were happening digitally.

they closely engaged with our customers to provide for their broad range of banking needs. while customer expectation was high in the technology to satisfy their needs and requirement so the experts of SBI has developed a YONO

YONO has been accepted from the customer point of view as a result industry-leading digital platform has crossed 70.5 million downloads, with a registered user base of 37.09 million and averages daily logins of around 10 million.

YONO was launched for every customer to fulfill their needs basically a farmer, businessman, salary people have to get services in a world-class, user-friendly platform for transaction banking as well as for the trade finance business.

YONO has been successfully launched in the UK, Mauritius, Maldives, Bangladesh, Sri Lanka, and Canada and also preparing to introduce to launch YONO in Singapore, Bahrain, South Africa, and the USA by the end of FY2022.

YONO platform is expanding digital offerings in other areas through the online loan application and tracking facility for MSME borrowers; introduction of Customer Relationship Management (CRM) for customer engagement; contactless lending platform; Project Vivek; and Pre-Approved Business Loan, amongst others.

YONO The business providing Single Sign-On for customers to access five applications viz CINB, CMP, SCFU, e-Trade, and e-Forex was launched.

Employers benefited from technology

Sbi swiftly deployed Virtual Private Network (VPN) to empower the operational staff across India to Work From Anywhere (WFA) and ensure “Business-As-Usual”.

WFA is a new norm now in SBI. Many administrative and operational activities in domestic and foreign offices/branches are being carried out remotely through WFA facilities.

“Work from Anywhere” has been implemented at Liability Centralised Processing Centres (LCPC) Mumbai, where Maker / Checker are processing Account Opening Forms (AOFs) digitally for 2nd scrutiny and debit activation.

SBI Financial Analysis:

• Net Interest Income: 1,10,710 Crores
• Operating Profit: 71,554 Crores
• Profit after tax: 20,410 Crores
• Market capitalization: 32512359.818362 Lakhs

Key Indicator for SBI

• GNPA: 4.98
• NNPA: 1.50
• Slippage Ratio: 1.18
• Credit Cost: 1.12
• CET-1 ratio: 10.02
• Tier-1 ratio: 11.44
• CAR: 13.74