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Revenue 133,851 crore (US$29.05 billion)(2010) [1]
Profi 11,733 crore (US$2.55 billion)(2010) [1]
Total assets US$ 323.0 billion (2010)
Total equity US$ 18.5 billion (2010)
Owner(s) Government of India
Employees 200,299 (2010)
Website satebankofindia.com](https://image.slidesharecdn.com/rbisbi-140427132856-phpapp02/85/RBI-SBI-20-320.jpg)
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RBI & SBI
1) The document provides an overview of the Reserve Bank of India (RBI) and State Bank of India (SBI). RBI is the central banking system of India that was established in 1935 and is headquartered in Mumbai. It controls monetary policy and currency reserves. SBI is the largest bank in India, tracing its roots back to 1806, and has over 15,000 branches nationally and internationally. 2) RBI functions include monetary policy, issuing currency, managing the government's finances, regulating other banks, and overseeing foreign exchange. It aims to maintain price stability and adequate credit flow. 3) SBI started as Bank of Calcutta and was nationalized in 1955. It
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RBI & SBI
- 1. RESERVE BANK OFINDIA A N D STATE BANK OF INDIA Presenting By: RANJAN KUMAR MANMOHAN UNAIS K C RAHUL HEDAU TABREZ A
- 2. APRIL 1 KNOWNAS…? 1) April Fool / Foolish Day 2) Starting Financial Year 3) RBI Operations begin on April 1 Established 1 April 1935 in Kolkata
- 3. Reserve Bank ofIndia भारतीय िरजवर बैक Logo of RBI The RBI headquarters in Mumbai Headquarters Mumbai, Maharashtra Coordinates 18°55′58″N 72°50′13″E / 18.93278°N 72.83694°E / 18.93278; 72.83694Coordinates: 18°55′58″N 72°50′13″E / 18.93278°N 72.83694°E / 18.93278; 72.83694 Established 1 April 1935 Governor Duvvuri Subbarao Central bank of India Currency Indian Rupee ISO 4217 Code INR Reserves US$300.21 billion (2010) Base borrowing rate 6.5% Base deposit rate 5.5% Website rbi.org.in
- 4. OVERVIEW The Reserve Bankof India (RBI, Hindi : भारतीय रिरज़र्वर रबैक) is the central banking system of India and controls the monetary policy of the rupee as well as US$300.21 billion (2010 )of currency reserves . The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934and plays an important part in the development strategy of the government. It is a member bank of the Asian Clearing Union . Governor Dr. D. Subbarao
- 5. HISTORY of RBI 1935 Operationsbegin on April 1 1949 Nationalization of the Reserve Bank; Banking Regulation Act enacted 1950 India embarks on planned economic development. The Reserve Bank becomes active agent and participant 1966 Cooperative banks come under RBI regulation 1969 Nationalization of 14 major commercial banks (six more were nationalized in 1980) 1973 RBI strengthens exchange controls by amending Foreign Exchange Regulation Act (FERA) 1974 Introduction of priority sector lending targets 1975 Regional Rural Banks set up 1991 India faces balance of payment crisis; pledges gold to shore up reserves. Rupee devalued 1985 Financial market reforms begin with Sukhamoy Chakravarty and Vaghul Committee Reports 1993 Exchange rate becomes market determined
- 6. 1997 Ad hoc treasury billsphased out ending automatic monetization 1998 Multiple indicator approach for monetary policy adopted 1997 Regulation of Non-Banking Finance Companies strengthened 2000 Foreign Exchange Management Act replaces FERA 2002 Clearing Corporation of India Limited (CCIL) commences clearing and settlement in government securities 2003 Fiscal Responsibility and Budget Management Act enacted 2004 Transition to a full-fledged daily liquidity adjustment facility (LAF) completed. Market Stabilization Scheme (MSS) introduced to sterilise capital flows 2004 Real Time Gross Settlement System commences 2005 Focus on financial inclusion and increasing the outreach of the banking sector 2006 RBI empowered to regulate money, forex, G-sec and gold related securities market 1994 Board for Financial Supervision set up
- 7. 2007 RBI empowered to regulatePayment System 2008/9 Pro-active efforts to minimize impacts of global financial crisis
- 8. FEATURE OF RBI Banknotesin Mahatma Gandhi Series - Security Features The Reserve Bank has the sole authority to issue bank notes in India. Reserve Bank, like other central banks the world over, changes the design of banknotes from time to time. The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since 1996 and has so far issued notes in the denominations of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 in this series. These notes contain distinct easily recognizable security features to facilitate the detection of genuine notes vis-à-vis forgeries. Denominations of coins and notes in circulation: Coins in circulation: 25 paise, 50 paise, 1, 2, 5 and 10 Rupee
- 9. Notes in circulation:Rs. 5, 10, 20, 50,100, 500 and 1000
- 10. Security Features onIndian Banknotes Watermark: The Mahatma Gandhi Series of banknotes contain the Mahatma Gandhi watermark with a light and shade effect and multi-directional lines in the watermark window. Latent Image: On the obverse side of Rs.1000, Rs.500, Rs.100, Rs.50 and Rs.20 notes, a vertical band on the right side of the Mahatma Gandhi’s portrait contains a latent image showing the respective denominational value in numeral. The latent image is visible only when the note is held horizontally at eye level. Intaglio Printing: The portrait of Mahatma Gandhi, the Reserve Bank seal, guarantee and promise clause, Ashoka Pillar Emblem on the left, RBI Governor's signature are printed in intaglio i.e. in raised prints, which can be felt by touch, in Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 notes. Micro lettering: This feature appears between the vertical band and Mahatma Gandhi portrait. It contains the word ‘RBI’ in Rs.5 and Rs.10. The notes of Rs.20 and above also contain the denominational value of the notes in micro letters. This feature can be seen better under a magnifying glass. Identification mark: A special feature in intaglio has been introduced on the left of the watermark window on all notes except Rs.10/- note. This feature is in different shapes for various denominations (Rs. 20-Vertical Rectangle, Rs.50-Square, Rs.100-Triangle, Rs.500-Circle, Rs.1000-Diamond) and helps the visually impaired to identify the denomination Optically Variable Ink See through Register
- 11. IN 15 languagePrinted on RBI Notes
- 12. Functions Monetary Authority The basicfunctions of the Reserve Bank of India are to regulate the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage. - From the Preamble of the Reserve Bank of India Act, 1934 The main objectives of monetary policy in India are: Maintaining price stability Ensuring adequate flow of credit to the productive sectors of the economy to support economic growth Financial stability
- 13. Functions cont……. Issuer ofCurrency The Reserve Bank is the nation’s sole note issuing authority. Along with the Government of India, we are responsible for the design and production and overall management of the nation’s currency, with the goal of ensuring an adequate supply of clean and genuine notes. The Reserve Bank also makes sure there is an adequate supply of coins, produced by the government. In consultation with the government, we routinely address security issues and target ways to enhance security features to reduce the risk of counterfeiting or forgery. Our Approach The Department of Currency Management in Mumbai, in cooperation with the Issue Departments in the Reserve Bank’s regional offices, oversees the production and manages the distribution of currency. Currency chests at more than 4,000 bank branches— typically commercial banks—contain adequate quantity of notes and coins so that currency is accessible to the public in all parts of the country. Our note Printing Press at Mysore: The Reserve Bank is the government’s agent for issue and distribution of coins
- 14. Functions cont……. Banker andDebt Manager to Government Managing the government’s banking transactions is a key RBI role. Like individuals, businesses and banks, governments need a banker to carry out their financial transactions in an efficient and effective manner, including the raising of resources from the public. As a banker to the central government, the Reserve Bank maintains its accounts, receives money into and makes payments out of these accounts and facilitates the transfer of government funds. We also act as the banker to those state governments that have entered into an agreement with us. Banker to Banks Manager of Foreign Exchange Regulator of the Banking System Like individual consumers, businesses and organizations of all kinds ,banks need their own mechanism to transfer funds and settle inter-bank transactions—such as borrowing from and lending to other banks—and customer transactions With the transition to a market-based system for determining the external value of the Indian rupee, the foreign exchange market in India gained importance in the early reform period Banks are fundamental to the nation’s financial system
- 15. Management and Structure TheGovernor is the Reserve Bank’s chief executive. The Governor supervises and directs the affairs and business of the Reserve Bank. The management team also includes Deputy Governors and Executive Directors. Governor Dr. D. Subbarao Deputy Governor Dr. K. C. Chakrabarty Deputy Governor Dr. Subir Gokarn Deputy Governor Smt. Shyamala Gopinath Deputy Governor Smt. Usha Thorat
- 17. OVERVIEW State Bank ofIndia is the nation's largest and oldest bank. Tracing its roots back some 200 years to the British East India Company (and initially established as the Bank of Calcutta in 1806), the bank operates more than 15,000 branches within India, where it also owns majority stakes in six associate banks. State Bank of India (SBI) has more than 80 offices in nearly 35 other countries, including multiple locations in the US, Canada, and Nigeria. The bank has other units devoted to capital markets, fund management, factoring and commercial services, credit cards, and brokerage services. The Reserve Bank of India owns about 60% of State Bank of India.
- 18. Cont….. The government ofIndia nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India. SBI provides a range of banking products through its vast network of branches in India and overseas, including products aimed at non-resident Indians(NRIs). The State Bank Group, with over 16,000 branches, has the largest banking branch network in India . Its also considered as the best bank even abroad ,having around 130 branches overseas The State Bank of India is the 29th most reputed company in the world according to Forbes. Also SBI is the only bank to get featured in the coveted "top 10 brands of India" list in an annual survey conducted by Brand Finance and The Economic Times in 2010
- 19. State Bank ofIndia Type :- Public (NSE: SBIN,BSE: 500112 LSE: SBID) Industry:- Banking Financial services Founded :- 1 July 1955 Headquarters :- Mumbai, Maharashtra India Key people :- O. P. Bhatt(Chairman) Products :- Investment Banking Consumer Banking Commercial Banking Retail Banking Private Banking Asset Management Pensions Mortgages Credit Cards
- 20. Cont….. Revenue 133,851 crore (US$29.05 billion)(2010) [1] Profi 11,733 crore (US$2.55 billion)(2010) [1] Total assets US$ 323.0 billion (2010) Total equity US$ 18.5 billion (2010) Owner(s) Government of India Employees 200,299 (2010) Website satebankofindia.com
- 21. Branches of SBI StateBank of India has 131 foreign offices in 32 countries across the globe. SBI has about 21,000 ATMs; and SBI group(including associate banks) has about 45,000 ATMs. SBI has 26,500 branches, including branches that belong to its associate banks. SBI includes 99345 officces in our country.
- 22. Symbol and slogan Thesymbol of the State Bank of India is a circle and not key hole and a small man at the centre of the circle. A circle depicts perfection and the common man being the centre of the bank's business. Slogans With you all the way Pure banking nothing else The Banker to every Indian The Nation banks on us
- 23. FEATURES Eligibility: Minimum age: 18years as on the date of sanction Maximum age: 70 years. i.e. the age by which the loan should be fully repaid, subject to availability of sufficient, regular and continuous source of income for servicing the loan repayment. Loan Amount: Actual loan amount will be determined taking into consideration such factors as applicant’s income and repaying capacity, age, assets and liabilities, cost of the proposed house/flat etc.
- 24. VISION & MISSION Vision: To Be There All The Time To Secure the customer against All Odds And live A Safe life Mission : Providing Excellence In All Walk of life.
- 25. Competitors All insurance companiesMarket share United india 15.96 Oriental 16.75 Private Companies 18.99 National 20.65 New India 27.65 Total 100 Market share United india 16% Oriental 17% New India 27% National 21% Private Companies 19% United india Oriental New India National Private Companies
- 26. Manpower Required Countrywide Branch break up Business Development : 7 HR : 2 Finance : 2 Back Office : 15 Branch Head : 1 IT : 2 Total Staff Per Branch : 29 Head Office Requirement : 45
- 27. New Plans Creditinsurance Short-Term Disability Cancer/Specified-Disease • Launch Place :Launch Place : MumbaiMumbai • Country Operations : INDIACountry Operations : INDIA 1.1. AhmedabadAhmedabad 2.2. IndoreIndore 3.3. DelhiDelhi 4.4. ChandigarhChandigarh 5.5. CalcuttaCalcutta 6.6. HyderabadHyderabad 7.7. BangaloreBangalore 8.8. GuwahatiGuwahati 9.9. BhubaneshwarBhubaneshwar 10.10.LucknowLucknow
- 28. Functions of SBI 1.Borrowsmoney 2. Lends money 3. Banker's Bank 4. Government's Bank 5. Remittance 6. Functions as Central Bank 7. Subsidiary functions
- 29. (1) Borrows money:-The Bank borrows money from the public by accepting deposits such as current account deposits, fixed deposits and savings deposits. (2) Lends money:- It lends money to merchants and manufacturers for short periods. It also lends to farmers and co-operative institutions. It lends mostly on the security of easily realizable commodities like rice, wheat, cotton, oil-seeds, cloth, gold and government securities.
- 30. (3) Banker's Bank:-TheState Bank of India acts as the banker's bank. In discharging this responsibility, the bank provides loans to commercial bank when required and also rediscount their bill. (4) Government's Bank:- The State Bank of India also acts as the agent of the Reserve Bank of India. As an agent, the State Bank of India maintains the treasuries of the State Government.
- 31. Cont….. (5) Remittance:- TheState Bank of India facilitates remittance of money from one place to another. It also helps in the transfer on the funds of the State and Central Government. (6) Functions as Central Bank:- The State Bank of India performs the functions of a Central Bank. (7) Subsidiary functions:- The State Bank performs various subsidiary services also. It collects checks, drafts, bill of exchange, dividends interest, salaries and pensions on behalf of its customers. It purchases and sells securities on behalf of its customer.
- 32.