Here are some notes on State Bank of India (SBI) with MCQs and answers:
What is SBI?
SBI is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. It is a government-owned corporation with its headquarters in Mumbai. The bank’s tagline is “Pure Banking, Nothing Else”.
History of SBI
SBI was established on 1 July 1955, by merging 28 existing banks. The bank was formed by the Reserve Bank of India (RBI) under the State Bank of India Act, 1955. The main objective of the merger was to create a strong and efficient banking institution that could provide financial services to all sections of the Indian society.
SBI Group
The SBI Group is a financial services conglomerate that comprises SBI and its subsidiaries and associate banks. The group offers a wide range of financial products and services, including commercial banking, retail banking, investment banking, insurance, and asset management.
SBI’s subsidiaries
The subsidiaries of SBI include:
- State Bank of Bikaner and Jaipur
- State Bank of Hyderabad
- State Bank of Mysore
- State Bank of Patiala
- State Bank of Travancore
- State Bank of India (International)
- SBI Capital Markets
- SBI Mutual Fund
- SBI General Insurance
- SBI Life Insurance
SBI’s associate banks
The associate banks of SBI include:
- State Bank of Arunachal Pradesh
- State Bank of Bandhan
- State Bank of India (Mumbai)
- State Bank of India (New Delhi)
- State Bank of India (Tamil Nadu)
- State Bank of Karanataka
- State Bank of Saurashtra
- State Bank of Uttarakhand
SBI’s achievements
SBI has been ranked among the top 100 banks in the world by The Banker magazine. The bank has also won several awards for its excellence in banking.
SBI’s future plans
SBI plans to expand its operations in India and overseas. The bank also plans to launch new products and services to meet the needs of its customers.
MCQs on SBI
- Which is the largest commercial bank in India?
- Answer: State Bank of India
- When was SBI established?
- Answer: 1 July 1955
- Where is the headquarters of SBI located?
- Answer: Mumbai
- What is the tagline of SBI?
- Answer: Pure Banking, Nothing Else
- How many subsidiaries does SBI have?
- Answer: 8
- Which of the following is not an associate bank of SBI?
- Answer: State Bank of India (Mumbai)
- Which of the following awards has SBI won?
- Answer: The Banker’s World’s Top 100 Banks
- What are SBI’s future plans?
- Answer: Expand its operations in India and overseas, launch new products and services