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State Bank Of India
State Bank of India (SBI) is an Indian Multinational corporation, multinational Public sector undertakings in India, public sector bank and financial service body headquartered in Mumbai. It is the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the List of largest employers in India, tenth largest employer in India with nearly 250,000 employees. As of 2024, SBI has 50 crore customers. The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as Systemically important financial institution, Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are "too big to fail". SBI is the List of largest banks, 47th largest bank in the world by total assets and ranked 178th in the Fortune Global 500, ''Fortune'' Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. In 2024, SBI was ranked 55th in Forbes Global 2000 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nariman Point
Nariman Point is a prominent downtown area of Mumbai in Maharashtra, India. Located on the southern tip of the Mumbai peninsula, at the end of the Mumbai's Marine Drive, Nariman Point houses some of India's prestigious business headquarters. Because of this, it is seen as the business district of Mumbai. It is bordered by Churchgate in North, Arabian Sea on West and South, by Colaba on East side. It is one of the tourist attractions of Mumbai due to its skyline, Arabian sea view, Marine drive and lots of luxury 5 star hotels, restaurants. History In 2006, prior to the 2008 financial crisis, Nariman point was the seventh most expensive location in the world for office space.. However, by December 2012 Nariman Point had fallen to 25th place while Delhi's Connaught Place remained the fifth most expensive location despite many offices moving to Gurgaon and Noida. During the same period, Nariman Point also dropped from seventh to fifteenth most expensive location for office rent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Loan
A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "collateral (finance), secured" on the borrower's property through a process known as mortgage origination. This means that a Mortgage law, legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Legal professions in England and Wales, Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken throu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
S&P Global Ratings
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Ratings and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. Corporate history The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, '' Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Lut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tier 1 Capital
Tier 1 capital is the core measure of a bank's financial strength from a regulator's point of view.By definition of Bank for International Settlements. It is composed of ''core capital'', which consists primarily of common stock and disclosed reserves (or retained earnings), but may also include non-redeemable non-cumulative preferred stock as well as physical gold held in vaults. The Basel Committee also observed that banks have used innovative instruments over the years to generate Tier 1 capital; these are subject to stringent conditions and are limited to a maximum of 15% of total Tier 1 capital. This part of the Tier 1 capital will be phased out during the implementation of Basel III. Capital in this sense is related to, but different from, the accounting concept of shareholders' equity. Both Tier 1 and Tier 2 capital were first defined in the Basel I capital accord and remained substantially the same in the replacement Basel II accord. Tier 2 capital represents " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SBI General Insurance
SBI General Insurance Company Limited is a general insurance company founded in 2009. It started operations in 2010 and is headquartered in Mumbai, India. The company offers a range of general insurance products including insurance for automobile, home, personal accident, travel, energy, marine, property and casualty as well as specialized financial lines. Since 2009, the company has expanded significantly, from 17 branches in 2011 to over 143 locations nationally. History SBI General Insurance was founded in 2009. It started operations in 2010, as a joint venture between State Bank of India (SBI) and Insurance Australia Group (IAG). In September 2018, the company sold a 4 per cent stake to Axis Asset Management Company and Premji Invest for crore. In October 2019, IAG sold its entire stake of 26 per cent for million ( crore). Out of this, 16.01 per cent stake was acquired by Napean Opportunities LLP (an affiliate of Premji Invest) and the remaining 9.99 per cent stake ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SBI Cards
SBI Cards & Payment Services Limited, previously known as SBI Cards & Payment Services Private Limited, is a credit card company and payment provider in India. SBI Card was launched in May 1998 by the State Bank of India and GE Capital. In December 2017, the State Bank of India and The Carlyle Group acquired a stake in the company. SBI Card is headquartered in Gurugram, Haryana/Delhi NCR. DLF Infinity Towers, Tower C, 12th Floor, Block 2, Building 3, DLF Cyber City, Gurgaon -122002(Haryana) India. The company is the only publicly listed pure-play credit card issuer in India. In 2022, The Carlyle Group divested its entire stake in SBI Card, making the State Bank of India the majority stakeholder. On April 1, 2025, SBI Cards and Payment Services Limited appointed Salila Pande as its Managing Director and Chief Executive Officer, succeeding Abhijit Chakravorty upon his retirement on March 31, 2025. See also *SBI Life Insurance Company *State Bank of India State Bank o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SBI Mutual Fund
SBI Mutual Fund is an Indian private asset management company introduced by the State Bank of India (SBI) and incorporated in 1987 with its corporate head office located in Mumbai, India. SBIFMPL is a joint venture between the State Bank of India, an Indian public sector bank, and Amundi, a European asset management company. A shareholder agreement in this regard has been entered on April 13, 2011, between SBI & AMUNDI Asset Management. Accordingly, SBI currently holds 63% stake in SBIFMPL and the 37% stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding. SBI & AMUNDI Asset Management shall jointly develop the company as an asset management company of international repute by adopting global best practices and maintaining international standards. History The mutual fund industry in India originally began in 1963 with the Unit Trust of India (UTI) as a Government of India and the Reserve Bank of India initiative. Launched on 29 June 198 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SBI Life Insurance Company
SBI Life Insurance Company Limited is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. In 2007, CRISIL Limited, a subsidiary of global rating agency Standard & Poor's, gave the company a AAA/Stable/P1+ rating. SBI Life is listed on Bombay Stock Exchange, BSE And National Stock Exchange of India, NSE (Stock Exchanges in India) and is a leading Life Insurance company in India. History The company incorporated as a public limited company in Mumbai on 11 October 2000. SBI Life started as a joint venture with BNP Cardif S.A, which is the life and property & casualty insurance arm of BNP Paribas in 2001. In its initial stage its business was mainly from bancassurance channel. It gradually developed a 108,261 agent network of Insurance Advisors (IAs) and 825 offices across the country by March 2018. It collaborated with other distribution channels, including direct sales, corpo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of India
The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union territories of India, 36 states and union territories. The government is led by the president of India (currently ) who largely exercises the executive powers, and selects the Prime Minister of India, prime minister of India and other ministers for aid and advice. Government has been formed by the The prime minister and their senior ministers belong to the Union Council of Ministers, its executive decision-making committee being the Cabinet (government), cabinet. The government, seated in New Delhi, has three primary branches: the legislature, the executive and the judiciary, whose powers are vested in bicameral Parliament of India, Union Council of Ministers (headed by prime minister), and the Supreme Court of India respectively, with a p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Management
Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contract, contracts/mandates or via collective investment schemes like mutual funds, exchange-traded funds, or REIT, Real estate investment trusts. The term ''investment management'' is often used to refer to the management of investment funds, most often specializing in private equity, private and public equity, real assets, alternative assets, and/or bonds. The more generic term ''asset management'' may refer to management of assets not necessarily primarily held for investment purpos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
