SBI Recruitment of Specialist Cadre Officers – 514 Jobs
State Bank of India, invites on-line applications from Indian citizens for appointment in Specialist Cadre Officers posts in State Bank Group. SBI extented last date for registration of application and payment of fees from to Other conditions remain unchanged. Revised closure dates are as follows- Important Dates: On-line registration of application from Payment of fees - (On-line) to Payment of fees - (Off line) to Date of Written Test Educational Qualification/Experiences: The qualification prescribed for various posts are the minimum. Candidates must…
SBI to Get Capital Infusion By March 2012
State Bank of India said that Union Finance Ministry has assured that the bank would be adequately capitalized by March 2012, however, the route to re-capitalise it has not been decided yet. Whether it would be a rights issue, preferential or QIP route is still not decided. The Government is the largest shareholder of the bank with holding. Chaudhari said that the government has to take a call on what level of ownership it wants to maintain in the bank. If it wants…
SBI Ties-Up with ECGC to De-Risk Export Credit Portfolio
State Bank of India has said that it has de-risked its Rs 30,000 crore export credit portfolio by entering into a tie-up with Export Credit Guarantee Corporation. The export credit defaults of SBI will be guaranteed by ECGC and capital requirement for this portfolio shall drop by 80%. Currently the risk weightage for this portfolio is 100% and by going with ECGC, it will drop to 20%.
State Bank of India
The evolution of State Bank of India (SBI) can be traced back to the first decade of the 19th century. It began with the establishment of the Bank of Calcutta in Calcutta, on 2 June 1806. The bank was redesigned as the Bank of Bengal, three years later, on 2 January 1809. It was the first ever joint-stock bank of the British India, established under the sponsorship of the Government of Bengal. Subsequently, the Bank of Bombay (established on 15…