State Bank of India Company History

In order to reduce risk and develop a transparent and active debt market in general and government securities market in particular, the Clearing Corporation of India Ltd. has been set up in Mumbai with the Bank as the chief promoter.

E K Thakur resigns from Directorship of SBI.

TCS bags order of Rs 500 crore from SBI.

SBI has informed that the following change in Directors. 1. Shri A C Kalita, Director on the Bank's Central Board ceased to be a Director on the Board wef May 13, 2002 on expiry of his term on May 12, 2002.2. Shri Y Radhakrishnan Managing Director & GE (CB) has relinquished office of the Managing Director as on June 30, 2002 and ceased to be Director on the Board wef July 01, 2002.

State Bank of India has informed BSE that Mr D C Gupta IAS Secretary (Financial Sector), Ministry of Finance, Department of Economic Affairs, New Delhi has been nominated as Director on the Board of State Bank of India with effect from July 17, 2002 vice Mr S K Purkayastha.

State Bank of India has informed BSE that Mr S Govindarajan, Managing Director & GE (NB) has relinquished office of the Managing Director as on July 31, 2002 and ceased to be Director on the Board w e f August 01, 2002.Further Mr P R Khanna, Director on the Bank's Central Board ceased to be a Director on the Board w e f August 20, 2002 consequent upon his resignation.

State Bank of India has informed BSE that the Bank has decided to close SBI Securities Ltd (SBISL), a subsidiary of the Bank, following a Directive in this regard from the RBI.

State Bank of India has informed that the Central Government appointed Mr A K Batra, Deputy Managing Director, State Bank of India as Managing Director, State Bank of India for the period from the date of his taking charge and upto August 31, 2003. Also, Mr P N Venkatachalam, Deputy Managing Director, State Bank of India, has been appointed as Managing Director, State Bank of India for the period from the date of his taking charge and upto March 31, 2004.

State Bank Of India has informed that Shri Prithvi Raj Khanna and Shri Kumar Bery have been duly elected as Directors under Section 19(c) of SBI Act at the General Meeting of the -State Bank of India has informed that it has appointed Mr Ananta Chandra Kalita, as a Director on the Central Board of the Bank from amongst the employees of the Bank, who are workmen, for a period not exceeding six months commencing from October 03, 2002 or until his successor is appointed or till he ceases to be workmen employee of State Bank of India, or until further orders, whichever event occurs earlier.shareholders of the bank held on September 09, 2002.

State Bank of India has informed BSE that Shri Janki Ballabh, Chairman has relinquished office of Chairman at the close of business hours on his attaining superannuation on October 31, 2002.

State Bank of India has informed that Smt Vineeta Rai, Secretary (Banking & Insurance), Ministry of Finance and Company Affairs, Department of Economic Affairs (Banking Division), New Delhi has been nominated as Director of the Board with effect from October 30, 2002.

State Bank of India has informed that the Central Government, after consultation with the Reserve Bank of India, appointed Shri A K Purwar, Deputy Managing Director, State Bank as Chairman, State Bank of India from the date of his taking charge of the post and upto May 31, 2003 i.e. date of his superannuation or until further orders whichever is earlier. Shri A K Purwar assumed the charge of Chairman, State Bank of India, on November 13, 2002.

2003- State Bank of India (SBI) and Maruti Udyog Ltd have announced a joint initiative aimed at making car finance affordable to middle and lower middle class customers. Customers will now have transparent car finance involving no hidden charges and pre-closure penalties, and also get the dealers' margins, Mr S.K. Bhattacharya, Chief General Manager, SBI, told newspersons. "It will help both the bank and Maruti to aggressively tap the Andhra Pradesh market," he said. SBI offers finance facility even for lifetime tax, insurance and accessories of the vehicle.

State Bank of India has informed that the Bank has appointed Shri Ananta Chandra Kalita, Head Assistant, State Bank of India as a Director on the Central Board of the Bank amongst the employees of the Bank, who are workmen for a period of 3 years commencing from July 15, 2003 or until he ceases to be a workmen employee of the Bank or until further orders, whichever is earlier provided that he shall not hold the office continously for a period exceeding six year.

SBI group's total profit identified at Rs 3,354 cr in '02

Mr. D C Gupta nominated as Director on the Board of SBI

SBI introduces IT upgradation plan with KPMG help

SBI Cards and Payment Services Private Ltd, the credit card subsidiary of the State Bank of India, introduces two new schemes recently- SBI Advantage Card to the bank's fixed deposit customers and SBI International Card for its home loan borrowers

Launches a new credit appraisal system targeting the small and medium enterprises (SME) for loans up to Rs 25 lakh

SBI selects TCS to execute trade finance solution

SBI and ICICI Bank among the top 100 banks in Asia in 2001 as per the study by Asian Banker Journal

Introduces SBI Cash Plus, its Maestro Debit Card that allows customers to access their deposit accounts from ATMs and merchant establishments

Promotes three Chief General Managers (CGM) to the posts of Deputy Managing Directors (DMDs). They are: A D Kalmankar, CGM in charge of Staff College of Hyderabad, A K Das, CGM, Hyderabad; and R K Sinha, CGM, Chandigarh

SBI appoints Mr. S K Bhattacharya as the new Chief General Manager for Hyderabad circle

Increases its equity stake in Discount and Finance House of India Ltd (DFHIL) to 51%

Ties up with Maruti Udyog Ltd. (MUL) for car finance

Receives permission from Insurance Regulatory and Development Authority (IRDA) to sell healthcare products to individuals

Increases its Equity Stake in DFHIL to 55.30%

Starts new 'Plus schemes' loans such as Justice Plus intended for the judges and court employees, Police Plus for the police personnel, Teacher Plus for the teaching community and Doctor Plus for the medical practitioners

Receives RBI licence to set up offshore banking units (OBUs) in special economic zones (SEZs)

Launches SBI Bangalore card meant for a broad-based target audience in the 25 plus age group ranging from upwardly mobile professionals and middle class segments

SBI unveils Hyderabad card, an exclusive initiative for the citizens of Hyderabad

Ananta Chandra Kalita ceases to be a Director of SBI

Christens the tieup with Maruti Udyog Ltd. as SBI-Maruti Finance

Orders For 1,500 ATMs With NCR Corporation

Orange, the cellular service operator of the Hutch group for the Mumbai circle, ties up with State Bank of India for prepaid card refill options

Ropes in US-based consultant McKinsey & Co to undertake Business Process Re-engineering (BPR) exercise for the bank

Launches charter for Small Scale Industries (SSIs)

NPA (Non Performing Assets) slashed to 4.5 pc, writes off Rs 4,000 crore worth of assets

Forays into stock market

Stock price crosses the Rs 400 mark for the first time since listing on BSE

Mr. A K Batra, Managing Director & Group Executive (Corporate Banking) of the Bank ceases to be a Director on the Board with effect from July 8, 2003

Plans a new scheme to attract Resurgent India Bonds (RIB)

N S Sisodia, Secretary (Banking & Insurance), Ministry of Finance and Company Affairs, Department of Economic Affairs (Banking Division), has been nominated as a Director on the Board of State Bank of India w.e.f. July 11, 2003

Mr. Ananta Chandra Kalita, Head Assistant, State Bank of India, appointed as a Director on the Central Board of the Bank amongst the employees of the Bank

Inks two important agreements with its employees' unions and officers' associations. According to the contract SBI's staff will be having no rights to interfere in bank's computerisation plans

SBI, AirTel launch mobility service at Rs 299

Central government nominates Mr. Arun Singh as a director on the board of the bank wef July 25, 2003 for a period of three years.

State Bank of India along with ANZ Investment Bank have consummated 5 year syndicate loan facility of $100 million to Indian Petrochemicals Corporation (IPCL)

Opens cheque clearing cente at Kolkata

Inks pact with Mahindra & Mahindra (M&M) for co-branded tractor scheme SBI-Mahindra Tractor Plus

Joins hands with Tractors and Farm Equipment Ltd (TAFE) for tractor loans

Launches insurance scheme in Kerala

Unveils new retail bank loan product Credit Khazana, which targets the bank's housing loan account holders

Unveils online ticket reservation system 'e-Rail'

Reserve Bank of India nominates Dr Rakesh Mohan, Deputy Governor, RBI, on the Central Board of the bank

Appoints Mr C. Narasimhan as the Chief General Manager of the SBI's Kerala Circle

Unveils Credit Khazana, retail bank loan product, to target the bank's housing loan account holders

MRO-TEK Ltd has secured State Bank of India's order of Rs 15-crore to provide networking solutions of 2Mbps and 64 Kbps high-end leased line modems for SBI to connect more than 800 branches across the country.

SBI joins hands with LIC to dentify long-term investment proposals for LIC

Tied with bajaj Auto to finance its two wheelers.

SBI granted Rs 125-cr loan to Nethaji Apparel park to set up units and buy machinery for the first batch of 54 garment plants in the 65-acre special apparel park.

The bank has tied up with TVS motor company to finance two wheeler loans

Tied up with apollo hospital enterprise to finance for the hospital treatement.

The company launched mobile pre-paid cards recharge facility at its ATM's

Tied up with ICICI Bank and HDFC for sharing ATM networks

2003-Bank has entered into MOU with both ICICI Bank and HDFC Bank for sharing Bank's ATM Network with them on bilateral terms.

The Central Government after consultation with the Reserve Bank of India, appointed Shri Chandan Bhattacharya, Deputy Managing Director State Bank Of India as Managing Director State Bank Of India for the period from December 17, 2003 to January 31, 2005.

The State Bank of India has announced a special package to BSNL employees by allowing concessional interest rates for different types of loans to be availed by the BSNL staff.

Former KCCI President nominated to SBI Bangalore Local Board

State Bank Of India has informed that Reserve Bank of India has nominated Shri A V Sardesai, Executive Director, Reserve Bank of India on the Central Board of State Bank of India vice Dr. Rakesh Mohan.

SBI sets up ATM counter in Ernakulam

Bahrain Monetary Agency (BMA) grants in-principle licence to Statte Bank of India (SBI)

SBI sets up India's first drive-in ATM in Hyderabad

State Bank of India has entered into an alliance with HDFC Bank for sharing ATM networks to be operationalised from February 3, this year.

SBI unveils new branch in Manjeri

Bank awarded special prize for lending to self help group run by women

SBI unveils floating ATM

State Bank of India appointed six new Deputy Managing Directors on February 11, 2004. The new DMDs are: Mr T.S. Bhattacharya, CGM, Product Development and Marketing, Mr M.M.Lateef, Managing Director, SBI Gilts, Mr Yogesh Agarwal, CGM, Chandigarh, Mr Krishnamurthy, CGM, Madras LHO and Mr R.Ramanathan, CGM, Technology and Mr Vijay Anand, CGM, Corporate Account group. These top level appointments follow the appointment of the new Managing Director for the bank, Mr Chandan Bhattacharya, in December.

GAIL ties up SBI for e-banking system

SBI join hands with Visa for travel card

SBI enters into ATM sharing agreements with UTI Bank & HDFC Bank

Signs a Memorandum of Understanding (MoU) under which the bank will provide term loans to farmers for purchasing capital inputs from Jain Irrigation Systems Ltd (JISL)

Join hands with Siemens for financing the medical equipments sold by Siemens

Joins hands with VST Tillers to launch SBI-VST Shakti, a new loan scheme for farm mechanisation programme

Unveils Vishwa Yatra foreign travel card, a prepaid card which offers the traveller a convenient and secure way to carry cash

Ties up with Same Deutz-Fahr India for tractor financing

In ally with Sikkim govt to beef up SMEs

The government has chosen State Bank of India (SBI) for channelising government credit to other countries which runs into billions of dollar

SBI opens MICR cheque processing center

Signs MoU with HMT Ltd. for financing their tractors

State Bank of India deploys Flexcube as core banking solution at Frankfurt

Mr Ashok K. Kini appointed as new Managing Director of State Bank of India with effect from April 1, 2004 to December 31, 2005

SBI unveils Foreign Travel card in Orissa

ICICI Bank, SBI, LIC in pact for Rs 20,000-cr projects

Reliance Info in ATM pact with SBI

State Bank of India, Bangalore Circle, has announced its tie-up with New India Assurance Company Ltd (NIAC), for distribution of NIAC's general insurance products in Karnataka

SBI unveils new credit card in Ahmedabad

State Bank of India joined the billion dollar club

THE State Bank of India opened its 236th branch in the State at Tripunithura on June 16

SBI inaugurates first Internet shoppe in Kochi

State Bank of India has opened a fully computerised branch at Karunagappally in Kollam district

L&T-John Deere Private Ltd has signed a memorandum of understanding (MoU) with State Bank of India for tractor finance

Buys 10% stake in Multi Commodity Exchange of India Ltd. (MCDEX) for Rs 2.1 crore

SBI join hands with Hero Honda to unveil co-branded credit card

State Bank of India launched its first mobile ATM for increasing the banking convenience of its customers

State Bank of India has signed a Memorandum Of Understanding (MOU) with the Societe Generale Asset Management of France (SGAM) for inducting Societe Generale Asset Management as a stake holding partner for SBI's mutual fund arm, SBI Fund Management Private Ltd (SBIFMPL)

State Bank of India, (SBI) with a view to expand the ambit of its educational loan schemes, has unveiled a unique educational loan scheme, christened "Nursing Plus," for the nursing students of the country

SBI forges alliance with Hero Honda

SBI offers new scheme`School Plus' for schools

SBI Card has launched 'Instant Card' offering customers in need of instant credit opportunity. With this, the customers will get an opportunity to get ready to use credit card within a few hours of filing in their application form

SBI selects Finacle for international ops

SBI enters ATM tie up with Andhra Bank

SBI join hands with LIC for funding infrastructure projects

Tata Motors on December 7, 2004, signs an MoU with State Bank of India (SBI)

SBI partners with Eicher Motors on December 27, 2004

Raj Travels joins hands with SBI for travel loans

SBI opens branch at Vadakara

SBI join hands with Apollo Health to offer loans

SBI rolls out new loan scheme

SBI opens first branch in Lakshadweep island of Kavaratti

SBI enters into agreement for bilateral sharing of ATMs with PNB on May 10, 2005

SBI signs MOU with Corporation Bank for ATM sharing

State Bank of India and 8 associate banks have entered into an agreement with Bharat Petroleum Corporation Ltd (BPCL) for enhancing card usage at fuel stations

SBI launches new mortgage loan scheme for traders

SBI launches SBI card in Madurai

SBI inaugurates RBO in Thrissur

SBI signed a memorandum of understanding with Small Industries Development Bank of India for co-financing small and medium enterprises in Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Jammu & Kashmir, Jharkhand, Delhi and Bihar

State Bank of India and Crisil have signed a memorandum of understanding under which latter will assign ratings to small-scale industries that are borrowers of SBI

NSIC join hands with SBI to offer credit to SSI

SBI teams up with Nihilent to unveil feedback system

Bhatt to become SBI's new MD

State Bank of India (SBI) has informed that Shri. Yogesh Agarwal has been appointed as Managing Director on the Board of the Bank with effect from October 10, 2006 to the June 30, 2010

State Bank of India (SBI) has appointed Shri. S K Bhattacharya as Managing Director on the Board of the Bank with effect from October 08, 2007 to the October 31, 2010, as per the Notification dated October 08, 2007, by the Government of India.

The State Bank of India (SBI) has become the first foreign bank to set up a branch in the Israel's diamond exchange. Besides diamonds, they also see huge potential in telecommunications, hi-tech, chemicals, textiles, agriculture and water management, food processing, pharma and health care.

State Bank of India (SBI) has informed that the Government of India in pursuance of clause (e) of Section 19 of the State Bank of India Act, 1955 (23 of 1955) has nominated Shri. Arun Ramanathan, Secretary, Ministry of Finance, Department of Financial Services, New Delhi as a Director on the Central Board of State Bank of India with effect from January 18, 2008, vice Shri. Vinod Rai.

State Bank of India (SBI) has informed that the Central Government, in consultation with the Reserve Bank of India and in pursuance of clause (d) of Section 19 of the State Bank of India Act, 1955 (23 of 1955), has nominated Dr. (Mrs.) Vasantha Bharucha as a part-time non-official Director on the Central Board of State Bank of India for a period of three years with effect from February 25, 2008, vice Shri Piyush Goel.

State Bank of India (SBI) has informed that the Central Government, in consultation with the Reserve Bank of India and in pursuance of clause (d) of Section 19 of the State Bank of India Act, 1955 (23 of 1955), has nominated Dr. Rajiv Kumar as part-time non-official director on the Central Board of Directors of State Bank of India for a period of three years with effect from September 08, 2008 or until further orders, whichever is earlier.

State Bank of India (SBI) has signed a Joint Venture Agreement with Insurance Australia Group to form a Joint Venture Company which will be engaged in General Insurance business in India.

State Bank of India has rolled out a micro insurance scheme 'Grameen Shakti', for its Self Help Group (SHG) members. The product was launched on Nov 26 at the Tamil Nadu Agricultural University. The bank is hopeful to cover at least five lakh SHG members by December 31.

The company has issued rights in the ratio of 1:5 at a premium of Rs.1580/- Per Share.

State Bank of India Issues Rights in the Ratio of 1:5

State Bank of India yesterday slashed its benchmark lending rate by half a percentage point to 11.75 per cent. The Benchmark Prime Lending Rate (BPLR) was revised down by 50 basis points with effect from June 29, SBI informed the Bombay Stock Exchange. This move would benefit home, car and corporate loan customers

State Bank of India on June 30 launched two new home loan products called as SBI Easy Home Loan and SBI Advantage Home Loan, with zero processing fees for both waived off till September 30. While SBI Easy Home is for loans amount up to Rs 30-lakh while the SBI Advantage Home is for loans above Rs 30-lakh, a press release issued here said.

State Bank of India, entered into an agreement with the government of Gujarat to create a fund of Rs 5,000 crore for investing in equity of infrastructure projects.

State Bank of India, with a debit card base of over 70 million, comprising SBI Cash Plus, SBI Gold Debit Card and SBI Yuva Card, has added chip and PIN-based Platinum Debit Card to its bouquet on March 26.

Mr Arun Kumar Agarwal has taken over charge as General Manager at State Bank of India, Kerala Circle. Until now, he has been General Manager at the Lucknow Circle of the bank. Mr Agarwal is Certified Associate of Indian Institute of Bankers and joined State Bank of India as a Probationary Officer in 1977. An expert in credit and foreign exchange, he has held several assignments ranging from Branch Manager to Regional Manager in the Patna and Delhi circles. He also served in the bank's foreign department at Kolkata handling investment of the FCNB portfolio, derivatives and correspondent relations. He has headed the Pune Module of the bank and has also served as the Deputy General Manager and Business Head for Network-1 of the Mumbai Circle.

State Bank of India (SBI) has signed a pact with Unique Identification Authority of India (UIDAI) to work as a registrar for the UID registration of residents. It has become the first bank to take up registration work for the UIDAI project. As a registrar, SBI will capture through empanelled enrolment agencies, the biometric characters such as finger prints, iris and so on and send the information to UIDAI.

Stata Bank of India (SBI) has come up with an exclusive branch in Hyderabad, for their ultra high networth individual (HNIs) which is by far is first of its kind in the country.

State Bank of India acquired State Bank of Indore.

SBI - Joint Venture agreement with State General Reserve Fund (SGRF), Sultanate of Oman

State Bank of India has consortium of Elavon Incorporation, USA and Visa International, USA as its Joint Venture (JV) Partner for Merchant Acquiring Business.

State Bank of India launched a special concessional banking scheme for the Air Force personnel.

State Bank of India (SBI) has signed an agreement with Unique Identification Authority of India (UIDAI) in order to work as a registrar for the UID registration of residents.

State Bank of India, with a debit card base of over 70 million, comprising SBI Cash Plus, SBI Gold Debit Card and SBI Yuva Card, has added chip and PIN-based Platinum Debit Card to its bouquet on March 26.

Witnessed a joint venture between the nation's largest lender, State Bank of India and the telecom lead, Bharti Airtel with an aim to provide the banking services amongst the unbanked population of the country.

SBI - Acquisition of SBICI Bank

State Bank of India shifted from Varma Chambers, Fort, Mumbai to the following address with effect from September 28, 2011.Shares & Bonds Dept., State Bank of India,Corporate Centre,8th Floor, State Bank Bhavan, Madam Cama Road, Mumbai - 400 021Telephone nos.: 022-22740841-48 (eight lines) Fax number(s): 022-22855348.

P Choudhary has been appointed as the new chairman of State Bank of India after getting clearance from the government.

Experian Credit Information Company of India Private Limited, the first CICRA licensed credit bureau in India on September 23, 2011 said it has signed a membership agreement with State Bank of India (SBI), the largest consumer lender in India to contribute data to Experian’s credit bureau and enhance the effectiveness of company's range of products and services.

State Bank of India signed a Preliminary Non-Binding Memorandum of Understanding with Russian Direct Investment Fund (RDIF), to facilitate advancing bilateral economic cooperation and trade between Russia and India aimed at exploring investment opportunities in both the countries.

India's largest public sector lender, State Bank of India (SBI) has entered into an agreement with StarAgri Warehousing Ltd (StarAgri), India's leading agri-services & solutions provider, for Warehousing Receipt Financing and Collateral Management Services.

SBI launched virtual debit cards to check online fraud and promote ecommerce

SBI, ICICI Bank leading m-banking revolution in India. With the advent of smartphones and 3G services, the Mobile Banking (m-Banking) services have been fast catching up with Indian customers for conducting balance inquiries, account transactions, utility payments, and other banking activities using a mobile handset

India's largest lender State Bank of India (SBI) has been planning to cut the processing and conversion fee for home loans to leverage the approaching festival season when Indians usually spur buying as businesses offer healthy discounts.

India's leading Public Sector lender the State Bank of India (SBI) is stepping up efforts to expand its presence in the world's second biggest economy with the lender set to launch its second branch in China.

SBI Issue of 5 year Bonds

SBI inaugurates 2nd branch in Tianjin and China

SBI to launch 100 branches in AP

SBI introduces smart pre-paid card for students, blue collar workers

AMW Motors collaborates with SBI to finance sale of vehicles

SBI launches 10 branches in Raebareli

SBI announces 150% interim dividend

State Bank of In-dia launches new digital Online and self-service banking solutions with support from Accenture

State Bank of India unveils 6 digital branches

SBI launches Tech Learning Centres (TLCs) for customers

State Bank of India has splits its face value from Rs 10/- to 1/-

State Bank of India has launched a RuPay Platinum debit card in association with National Payment Corporation of India (NPCI)

SBI builds foundation for group CSR activities

SBI introduces online facility for overdraft against FDs

SBI partners with Amazon

SBI entered into a MoU with PayPal, an American online money transfer services provider firm, for facilitating cross-border transactions

State Bank of India said it has launched SBI eforex

SBI launched an initiative to provide doorstep services and expedite home loans application process

State Bank of India jointly launched a cyber crime awareness campaign

SBI opens first branch in South Korea.

SBI launches new home loan plan for executives.

SBI cuts home loan interest rate to 9.45 pct.

Govt asks SBI to merge five associate banks.

SBI launches mVisa.

SBI launches debit card-less instant money transfer facility.

SBI gets deposits of Rs 83,702 cr in five daysfollowing the governments decision to demonetise the old Rs 500 and Rs 1,000 notes, reported PTI.

SBI in talks with Microsoft to push digital banking in rural areas.

SBI Acquired State Bank of Travancore,State Bank of Patiala , State Bank of Hyderabad,

State Bank of Bikaner & Jaipur ,State Bank of Mysore.

SBI acquired Bhartiya Mahila Bank (BMB).

SBI becomes lead bank for new district Kalimpong, West Bengal.

SBI, BPCL launch co-branded credit card

SBI creates wholly-owned subsidiary to manage real estate

SBI received Golden Peacock Award For Excellence In Corporate Governance

State Bank of India Inaugurates the Bank of Bombay Heritage Gallery ‘Down Memory Lane’

SBI launches its own generic Top Level Domain with its website bank.sbi”

SBI signs $274 mln agreement with German Development Bank KfW to finance affordable housing

SBI launches Global NRI Centre in Kochi.

SBI launches digital transaction initiative MOPAD.

SBI ranked as India's most patriotic brand.

SBI becomes first Indian bank to have office in Australia's Victoria.

SBI Card launches contactless mobile phone payments facility.

SBI has launched its digital banking app YONO in the UK, marking its global launch.

SBI wins three awards at Digixx 2020 Virtual Summit.

State Bank Bhavan awarded the Performance Challenge Award 2020 by Indian Green Building Council (IGBC).

SBI Recognised As Iconic Brand Of India 2021 By The Economic Times.Â

State Bank of India has successfully raised Rs. 10,000 crore for infrastructure and affordable housing.

SBI signs Rs 1,240-cr loan agreement with Germanys KfW for solar projects.

SBI has acquired 13.82% equity of existing shareholders, that Post investment, SBI will hold 100% shareholding in SBI Global Factors through subscription of 15,98,85,365 equity shares.

SBI ''Signing of USD 165 million World Bank Line of Credit for financing grid connected rooftop Solar PV Projects in Residential sector''.

SBI ''Signing of EURO 70 million KfW Line of Credit for Solar Projects''.

SBI ''entered into an agreement in relation to purchase of 40% stake in Commercial Indo Bank LLC (CIBL), Moscow held by Canara Bank''.