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Financial services of sbi
- 1. presented By:- Sumit Behura SantoshRout Debasis Das
- 2. State bankof India is an Indian multinational, public sector banking and financial service company. It is a Government owned corporation with its headquarters in Mumbai, Maharashtra. It had assets Rs 20.480 trillion and more than 14,000 branches, including 191 foreign offices spread across 36 countries, making it the largest banking and financial services company in India by assets. The company is ranked 232nd on the fortune global 500 list of the worlds biggest corporations as of 2016.
- 3. Started asbank of Calcutta in Calcutta on June 1806. Re-designed as the bank of Bengal on 2nd January 1809. It was the first joint-stock bank of British India. Later on Bank of Madras, Bank of Bombay and Bank of Bengal were amalgamated to form Imperial bank of India on 27 January 1991. It was nationalized on 1955 and was renamed as state Bank of India.
- 4. SLOGAN:- PURE BANKING,NOTHING ELSE WITH YOU-ALL THE WAY A BANK OF THE COMMON MAN THE BANKERS TO EVERY INDIAN THE NATION BANKS ON US LOGO:- The logo came from national institute of design(NID), Ahmedabad.
- 5. Rural banking NRI services ATM services Demat services Internet Banking Mobile Banking Cash deposit machine Locker facilities
- 6. State Bankof India has a variety of schemes under Personal Finance to satisfy varying needs of the banking public. The Bank offers the following schemes with attractive rates of interest: Housing Loan Personal Gold Loan Car Loan Personal Loans Loans Against Securities Loans Against Property Education Loan
- 7. SBI Generalinsurance SBI Fund Management SBI Life insurance SBI Mutual Fund
- 8. SBI GeneralInsurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total capital and IAG the remaining 26% The current policy offering of SBI General covers Motor, Health, Personal Accident, Travel & Home Insurance for Individuals and Fire.
- 9. Car insurance:- Themaximum amount payable under this Policy is Rs 50,000/- during the Policy period. Each claim is subject to a deductible of Rs 5000/- for Laptop and Jewelleries and Rs 2500/- for Mobiles and Rs 500/- for the rest. Insured vehicle is not more than 2 years The motor insurance provides compulsory personal accident cover of Rs. 2 lakhs for individual owners Bike insurance:- SBI General's Two Wheeler Package Policy provides compulsory personal accident cover of Rs. 1 lakh for individual owners (holding a valid driving license) of the vehicle while driving. This is not applicable for a Company owned vehicle.
- 10. Wide Coverage– From Rs.50,000 up to Rs.500,000 No medical test up to the age of 45 for people with no medical history Free Medical check-up for every 4 claim free years up to a maximum limit of Rs.2,500 Medical Treatment with Room, Board & Nursing Expenses & Service Charges etc.Up to 1% of the Sum Insured per day Medical Treatment in Intensive Care Unit Up to 2% of the Sum Insured per day All admissible claims under 1 & 2 during the policy period Up to 25% of the SI per illness/injury per claim Consultants & Specialists Fees Up to 40% of the SI per illness/injury per claim. Anaesthesia, Blood, Oxygen, OT Charges, Surgical Appliances Up to 40% of the SI per illness/injury per claim.
- 11. Medical Expensesincluding Evacuation & Repatriation 50,000 to 5,00,000 Personal Accident 10% of Limit of cover under Section (A) subject to maximum 25,000. HOME insurance:- you can buy the Policy upto a period of 30years In-built coverage for earthquake
- 12. SBI Fundmanagement Pvt. Ltd. Is one of the leading fund houses in the country with an investor base of over 4.58 million and over 25 years of rich experience in fund management consistently delivering value to its investor. SBI Fund management pvt. Ltd. Is a joint venture between ‘The state bank of india’ one of india’s largest banking enterprises, and AMUNDI, One of the world’s leading fund management companies.
- 13. Mutual fund Offshore fund Portfolio management Offshore fund- 1. Investment objective-The fund would seek to provide investors with opportunities for long term growth in capital through well researched investment in a diversified basket of stocks of indian companies. 2. The investment strategy would revole around investing in growth oriented stocks available at attractive relation valuations.
- 14. Legal structure:-incorporatedas a public company, limited by shares, holding a global business licence category 1 under the financial services development act 2001. Subscription fees-5% (maximum) Benchmark index-BSE 100 NAV to be declared biweekly Valuation day-Tuesday to Friday Dealing day-Business day immediately preceding the valuation day.
- 15. Management fee-2%(maximum) Investment manager-SBI funds management (international) privet limited, incorporated as a private company with limited liability holding a global business license category 1 under the financial services development Act 2001. Fund administrator- Multi consult Limited Mauritius
- 16. SBI lifeinsurance is a joint venture life insurance company between , State Bank of India (SBI), the largest state owned banking and financial services company in India, and BNP Paribas is a French multinational Bank and financial services company with global headquarter in Paris. SBI owns 74% of the total capital and BNP Paribas Cardiff the remaining 26% of the capital. SBI life insurance has an authorized capital of Rs 20 billion and a paid of capital of Rs 10 billion
- 17. In 2007CRISIL ltd, a subsidiary of global rating agency Standard & poor’s, gave the company a AAA rating SBI Life - Smart Privilege Pay premiums throughout the policy term or for a limited period or through a Single Payment, as per your convenience and enjoy benefits including Life Cover, throughout the chosen policy term. No Policy Administration Charges throughout the policy term No Premium Allocation Charge from 6th policy year onwards Age at Entry Minimum: 8 years Maximum: 55 years Age at Maturity Minimum: 18 years Maximum: 70 years Premium Payment :- Yearly Rs 600,000 Half-yearly-Rs 300,000 Quarterly- Rs 150,000 Monthly -Rs 50,000
- 18. Choice oftwo plans options - Growth and Balanced. Premiums starting as low as Rs 10,000 for yearly mode and Rs. 1,000 for monthly mode. Minimum age 7 years- maximum 70years Minimum premium- 30,000 Maximum premium- 3,00,000
- 19. Minimum: 18years Maximum: 55 years Minimum (in Rs.) Maximum (in Rs.) Yearly 15,000 29,000 Half-yearly 9,500 14,500 Quarterly 5,500 7,200 Monthly 2,000 2,400 SBI Life - Smart Scholar Child: Min: 0 years Max: 17 years Proposer: Min: 18 years Max: 57 years Frequency Minimum(Rs) 5 years to 7 years 50,000 Half Yearly 25,000 Quarterly 12,500 Monthly 4,500 8 years or more 24,000 Half Yearly 16,000 Quarterly 10,000 Monthly 4,000
- 20. Setup DateJun-29-1987 Incorporation Date Feb-07-1992 Sponsor State Bank of India Trustee SBI Mutual Fund Trustee Company Private Limited Types of Mutual fund SBI MAGNUM EQUITY FUND Date of Inception 01/01/1991 Monthly - Minimum 1000 thereafter for maximum six months (or) minimum 500 thereafter for minimum one year. minimum Application Rs. 5000
- 21. SBI BLUE CHIPFUND Date of Inception 14/02/2006 Minimum ApplicationRs. 5000 Monthly - Minimum 1000 thereafter for maximum six months (or) minimum 500
- 22.