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The State Bank of India (SBI), with a history of over 200 years, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Government of India is the single largest shareholder of this Fortune 500 entity, with 57.50% ownership. The origins of State Bank of India date back to 1806 when ...
State Bank of India ( SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 45th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. [11]
Dinesh Kumar Khara (born 28 August 1961) is a career banker and Chairman of the State Bank of India a position he assumed on 7 October 2020. Education. He is a postgraduate in Commerce from Delhi School of Economics and an MBA from the Faculty of Management Studies, New Delhi.
YONO. YONO ( Y ou O nly N eed O ne) is an integrated digital banking platform offered by State Bank of India (SBI) to enable users to access a variety of financial and other services such as flight, train, bus and taxi bookings, online shopping, or medical bill payments. [1] YONO is offered as a mobile banking app for both Android and iOS. [2]
The chairman of the State Bank of India is the chief executive officer of India's largest scheduled commercial bank and the ex-officio chair of its Central Board of Directors. Since its establishment in 1955 by the government of India , the State Bank of India has been headed by twenty-six chairpersons.
Unified Payments Interface (UPI) Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
2019. Merged with Global IME Bank [8] KIST Bank. 2014. Merged with Prabhu Bikas Bank, Gaurishankar Development Bank & Zenith Finance and renamed Prabhu Bank [9] Lumbini Bank. 2016. Merged with Bank of Kathmandu and operated as Bank of Kathmandu Lumbini; later renamed to Bank of Kathmandu in 2017 [10] [11] Mega Bank Nepal.
Payment and settlement systems are used for financial transactions in India. Covered by the Payment and Settlement Systems Act of 2007 (PSS Act), legislated in December 2007, they are regulated by the Reserve Bank of India (RBI) and the Board for Regulation and Supervision of Payment and Settlement Systems. [1]