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Home > Company Index > Banking > Banking - Asia & Australia > State Bank of India

State Bank of India
 NEWS FROM THE STANDARD
Letters
Sep 11 2000 12:00 AM PDT

 PROFILE
State Bank of India is that nation's largest bank, accounting for about 20% of India's deposit and loan activities. Tracing its roots back almost 200 years to the British East India Company, the bank operates almost 9,000 branches within India and more than 50 offices in some 30 other countries. But critics say its size has impeded the modernization of both its services and its products; only in 1998 did it launch its first credit card. Its international banking services include shipping and export financing and merchant banking. State Bank of India has tapped BNP Paribas-subsidiary Cardif SA to offer life insurance through the bank's branches. The Reserve Bank of India owns about 60% of State Bank of India.

 COMPETITION
Credit Suisse First Boston (dossier)
HSBC Holdings plc (HBC)
ICICI Limited (IC)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 502.00
Employees: 239,649
Revenue per employee: $2,094.73

 KEY PEOPLE
• Shri G. G. Vaidya
    CEO
• Shri P.K. Sarkar
    CFO

 CONTACT INFO
Madame Cama Rd.
Mumbai 400 021, India
Phone: 91-22-20-22-426
Fax: 91-22-20-28-808
Online: Web Site

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