An exclusive project report on the State Bank of India (SBI). This report will help you to learn about:- 1. Constitution of the State Bank of India 2. Organisational Structure of the State Bank of India 3. Objectives 4. Functions 5. Working or Achievements.

Contents:

SBI LY HOUR Bank Plc. Is a company duly incorporated under the laws of Kingdom of Cambodia with, registered address at #85-88, Street 289, Phum 14, Sangkat Boeng Kak Pir, Khan Tuol Kouk, Phnom Penh. SBI LY HOUR Bank Plc. Is a subsidiary of SBI Holdings, Inc. (which established in July 8, 1999, is a listed company in Tokyo Stock Exchange. Project Report on the Organisational Structure of the State Bank of India: The SBI is not a bank wholly owned by the Government. It is a corporate body with an authorised share capital, of Rs.1000 crore and paid-up capital of Rs.526 crores of shares of Rs.10 each as on 31 March, 1998. The apex body in the organisational structure of the SBI is. The origin of the SBI goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received its charter and was re-designed as the Bank of Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal.

Project Report on the Constitution of the State Bank of India
Project Report on the Organisational Structure of the State Bank of India
Project Report on the Objectives of the State Bank of India
Project Report on the Functions of the State Bank of India
Project Report on the Working or Achievements of the State Bank of India

1. Project Report on the Constitution of the State Bank of India:

The original name of the State Bank of India was Imperial Bank of India. The Imperial Bank of India was formed in 1921 by amalgamating the three Presidency banks of Bengal, Bombay and Madras. Prior to Independence, the Imperial Bank was handling the entire business and banking transactions of the Government.

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Though the Reserve Bank of India had been established in 1935, it was undertaking only central banking functions. Therefore, the Imperial Bank continued to handle Government transactions. On the recommendations of the All India Rural Credit Survey Committee (1954), the Government of India nationalised the Imperial Bank of India and renamed it as the State Bank of India with effect from 1 July, 1955.

Further, eight banks of the former princely States were brought under the SBI as its subsidiaries in 1959. They were State Bank of Bikaner, State Bank of Jaipur, State Bank of Patiala, State Bank of Saurashtra, State Bank of Indore, State Bank of Hyderabad, State Bank of Mysore, and State Bank of Travancore. In 1963, State Bank of Bikaner and State Bank of Jaipur were merged as State Bank of Bikaner and Jaipur.

2. Project Report on the Organisational Structure of the State Bank of India:

The SBI is not a bank wholly owned by the Government. It is a corporate body with an authorised share capital, of Rs.1000 crore and paid-up capital of Rs.526 crores of shares of Rs.10 each as on 31 March, 1998. The apex body in the organisational structure of the SBI is the Central Board of Directors, which consists of a Chairman, two Managing Directors and 17 Directors appointed/elected under Section 19(1) of the State Bank of India Act, 1955.

The Chairman and the Managing Directors are appointed by the Central Government in consultation with the RBI for a period not exceeding five years. Out of 17 Directors 6 are ex-officio representing different organisations, 4 are elected by the shareholders, 6 are nominated by the Central Government and one is nominated by the RBI. To manage the different Departments of the Bank, there is a Central: Management Committee which has ten members consisting of the Chairman, two Managing Directors and seven Deputy Managing Directors.

The Chairman is the ex-officio member of the Committee. All the Deputy Managing Directors function under the overall charge of the Managing Directors. During 1995-96, several organisational changes have been carried out in the areas of structure, systems and-strategies of the SBI.

Lean and integrated top management now consists of the Chairman, group executives for National Banking Group, Corporate Banking Group, International Banking Group and Associates and Subsidiaries Group and four staff functionaries in charge of financial, credit, human resources and technology management, and inspection and audit.

Three Strategic Business Units (SBUs) have been set up under the Corporate Banking Group to focus attention on very large corporate customers, lease finance and project finance. They are the Corporate Accounts Group, Leasing Group and Project Finance Group. Each SBU has been given profit responsibility.

A committee approach has been adopted, both at the apex and circle levels for sanctioning large advances. For this purpose, Central Office Credit Committee and Circle Credit Committees have been set up. They have been delegated higher financial powers to ensure faster decision-making of credit disposals. At the circle level, Commercial and Development and Personal Banking Networks have been created under the charge of General Managers to cater to the client-specific banking needs.

3. Project Report on the Objectives of the State Bank of India:

The State Bank of India was established with the following specific objectives:

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1. To have a strong commercial bank under the control and supervision of the Government.

2. To spread banking facilities in rural, semi-urban and metropolitan areas by opening 400 branches within five years of its establishment. This policy of branch expansion has since been continued.

3. To help spread banking in rural areas for the purpose of encouraging and mobilising savings among the ruralists and to provide credit to them.

4. To subscribe to the debentures of State Land Development Banks and to advance loans on their security.

5. To strengthen co-operative societies, help in the establishment of licensed warehouses arid co-operative marketing societies.

6. To provide financial assistance to small, cottage and village industries.

7. To help other banks and strengthen the banking system.

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8. To help the RBI in implementing its monetary and credit policies.

4. Project Report on the Functions of the State Bank of India:

The State Bank performs the following functions:

1. Central Banking Functions:

The SBI performs a number of functions on behalf of the Reserve Bank of India.

(a) It acts as the agent of the RBI where the latter has no branch,

(b) It receives money on behalf of the Central and State Governments and makes payments on their behalf,

(d) It receives deposits from commercial banks and state cooperative banks and in turn lends to them,

(e) It provides remittance facilities to these banks.

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(f) It rediscounts their bills of exchange,

(g) It acts as a clearing house at places where the RBI has no office.

2. Accepts Deposits:

The State Bank accepts deposits of all kinds from the Indian public and NRIs in rupees and foreign currencies.

3. Gives Loans and Advances:

It gives loans and advances against an eligible security including goods, bills of exchange, promissory notes, fully paid shares and debentures or other securities of a civil authority, etc.

4. Invests and Borrows:

The SBI invests in Government securities and borrows from the Reserve Bank.

5. Deals in Bills of Exchange:

The State Bank draws, accepts, discounts, buys and sells bills of exchange and deals in letters of credit payable in and outside India.

6. Deals in Gold and Silver:

The SBI buys and sells gold and silver. In June and July 1991, it sold gold to the Swiss Bank and pledged gold to the Bank of England on behalf of the Reserve Bank.

1. Project Report on the Constitution of the State Bank of India:

2. Project Report on the Organisational Structure of the State Bank of India:

3. Project Report on the Objectives of the State Bank of India:

4. Project Report on the Functions of the State Bank of India:

1. Central Banking Functions:

2. Accepts Deposits:

3. Gives Loans and Advances:

4. Invests and Borrows:

5. Deals in Bills of Exchange:

6. Deals in Gold and Silver:

7. Deals in Foreign Curr

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