State Bank of India, together with its subsidiaries, provides various banking products and services in India and internationally. Its personal banking products and services include deposit schemes, such as current accounts, savings accounts, term deposits, and recurring deposits; and loans that comprise housing loans, car loans, educational loans, personal loans, loans for pensioners, loans against shares and debentures, festival loans, and travel loans, as well as mobile banking and demat services, automated teller machine (ATM) services, gift cards and cheques, Internet banking, foreign inward remittance, safe deposit lockers, and foreign travel cards.
The company also provides corporate banking services, which include working capital finance, project finance, deferred payment guarantees, corporate term loans, structured finance, dealer and channel financing, equipment leasing, loan syndication, and financing Indian firm’s overseas subsidiaries or joint ventures; NRI services; agricultural/rural services, such as agricultural banking and micro credit; and banking products and services for small and medium enterprises.
In addition, it offers international banking products and services consisting of trade finance, correspondent banking, merchant banking, project export finance, exporter gold cards, treasury, and offshore banking services; and life insurance, merchant banking, mutual funds, credit cards, factoring, security trading, pension fund management, and primary dealership in the money market. As of March 31, 2010, it operated approximately 12,496 branches; and 21,485 ATMs of which 16,294 ATMs were owned by the company.
Last updated: December 17th, 2013
