Sbi Bank Case Study

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THE TYPES OF BENEFITS THAT THE PEOPLE ARE RECEIVING FROM SBI BANK IN LAST FEW GENERATIONS.
SBI is the largest commercial bank in India in terms of assets, deposits ,profits, branches, and employees. The State Bank Group, consisting of the bank and its Associate Banks ,has an overwhelming presence in the Indian financial sector. The group, through its various non banking subsidiaries, provides a range of financial services including Life insurance, general insurance,investment banking, mutual funds,credit card,factoring, security trading and primary dealership in the money market. The origins of State Bank of India date back to 1806 when the Bank of Calcutta ( later called the Bank of Bengal ) was established. In 1921 the Bank of Bengal was …show more content…

To make its services fast, efficient and world class, it has invested heavily in technology and from historical manual systems it has upgraded its systems to a single seamless Core Banking system in 2008 when all the branches of the Bank were made functional on core banking system.
SBI Group also has the largest ATM network in the country thereby ensuring accessibility of cash and ATM provided banking services to all its customers and even non customers over the length and breadth of this vast country. …show more content…

Personal Banking:
SBI has traditionally offered a wide range of personal banking services to its customers. Under the deposit scheme option it offers Current account, Savings Bank account, Term Deposits, Special term deposits, Multi option deposit schemes, Recurring deposit account, Premium Savings account, and Demat account.
“The savings bank account has no minimum balance requirement. Safe deposit locker, e-Statement and nomination facilities are available. The rate of interest provided is 4.00% p.a.
Saving Bank account, once linked to Multi Option Deposit (MOD) account,allows customers to earn higher term deposit interest on surplus funds lying in their savings account above a minimum threshold.” SBI offers special salary accounts for employees of Corporates, universities, railways, defense personnel, police establishment, etc. with special privileges for remittances, services and

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