Forex rates india sbi

Global growth remained stagnant at 3. On the global level, while the advanced economies' performance eased modestly in when compared tothe emerging market and developing economies performed somewhat better.

The US experienced a lower GDP growth sincethereby, acting as a drag on the overall advanced economies' growth. UK slowed down against the backdrop of weaker net exports. Euro Area as a whole, however, registered a tad higher growth in when compared to Meanwhile, higher capital expenditure enabled Russia to come out of recession in Q4thereby pulling up overall growth of emerging and developing countries 4.

Despite some headwinds, global economy has been recovering inwith performance improving specifically amongst the advanced countries. Moreover, economic performance of Euro area is also showing an uptick with various indicators, including unemployment rate and factory output reflecting the improving dynamics this year.

Activity in Japan has also surprised on the upside with pick-up in industrial output and exports. Though the US GDP growth eased in Q1the good thing is that a possible fiscal stimulus is expected to provide a push to economic growth. Among the emerging and developing world, China continues to grow moderately with persistent support from the authorities.

However, recently Moody's Investors Service downgraded China to A1 from Aa3 and changed its outlook to stable from negative. The rating agency attributed this decision to expectations that China's economy-wide leverage would increase further over the coming years, planned reform program would likely slow down, but not prevent the rise in leverage, and sustained policy stimulus would cause rising debt across the economy.

Economic activity in India is expected to recover past the slowdown due to demonetization. The global trade slowed down to 2. However, it is likely to benefit from expected increase in global demand, albeit increasing protectionist policies remain a matter of concern. The overall world GDP is expected to grow by 3.

However, deepening geo-political tensions in the Middle East and North Africa region, faster than expected Fed rate hike and increase in protectionism policies by the advanced economies are the key risks that can put downward pressure on global economic activity. Another aspect that influences global growth is crude oil price, which has plummeted in recent weeks to go below per barrel.

The sharp fall is driven by the market's deeper worry that OPEC's steps of a production cut may worsen structural imbalances.

OPEC and other major producers had been enjoying higher prices since agreeing in November to slash production, a strategy designed to rid global markets of excess supply. Going forward, it is expected that dynamics of crude oil price will be driven by decision of Saudi Arabia and other OPEC members to implement production cut for at least months to reduce the inventory glut.

After witnessing demonetization in FY, the Indian economy is going to see another major reform in the form of implementation of GST in FY India's GVA growth, which is expected to expand by 6. If the forecast holds, it will boost rural demand and also alleviate rural distress. As a result of very good rainfall during monsoon and various policy initiatives taken by the Government, the country has witnessed record food grain production in FY As per Third Advance Estimates for FY, total food grain production in the country is estimated at Both Wholesale Price Index WPI and Consumer Price Index CPI inflation have remained under control throughout FY CPI inflation declined significantly from a high of 9.

Based on new base yearIndex of Industrial Production IIP grew by 5. The manufacturing sector, which has been the most volatile, grew by 4. Mining and Electricity grew by 5.

From January-March the number of investment proposals was as against in January-March Key sectors which attracted investments include Electrical Equipment, Transportation, Metallurgical industries, Chemicals except FertilizersCement and Textiles.

On the external front, the current account deficit CAD has been narrowing down progressively from 1. The contraction in the CAD was primarily on account of a lower trade deficit brought about by a larger decline in merchandise imports relative to exports.

India's export growth, which was in negative territory in the first half of FY, rebounded significantly in the second half and recorded a growth of Imports also indicated a similar trend. Since the global financial crisis GFCleading Asia Pacific Region APR banks have outperformed the global banking sector. The region is already witnessing new types of competitors from the rapidly-developing Fintech sector and mega banks rising across the region the recent SBI merger enabling banks to operate more easily across borders.

Meanwhile, in FY, Indian banks remained in the limelight, initially due to the lingering asset quality issues and thereafter due to demonetization. On 08 NovHonorable Prime Minister demonetized the high value Rs, and Rs,1, notes, which amounted to Rs, Demonetization led to increase in deposits of the banks. The fortnightly data of ASCB indicates that aggregate deposits increased by Meanwhile, credit off-take YoY declined to a year low of 5. The decline in credit is mainly due to low demand for credit from the corporate sector.

There has been a shift of loan demand from the better rated entities to the bond market as yields offered in the primary markets have fallen below the base rate for certain maturities. Thus, incremental lending during the financial year has been mostly to the personal loan segment, especially Housing and other personal loans.

Interestingly, banks have surpassed the target of Rs,1. In the last 2 years, banks have given Mudra loans to 7. In the post demonetization period 11 November to 31 Marchaggregate deposits have increased by Rs,7. The huge inflow of deposits has pushed the share of CASA deposits in aggregate deposits by around 4 percentage points relative to the pre-demonetization period. As the limits on withdrawals have been removed, people have started withdrawing their deposited money gradually.

Following the surfeit of liquidity and low credit growth, SBI has taken the lead and followed by other banks by slashing the MCLR rate by 90 bps to 8. Following SBI, a number of public and private sector banks have reduced their MCLR in the range of bps. The process of demonetization has opened up huge potential for digital channels.

There has been a significant jump in transactions in all digital modes of payments like PoS, m-wallets, mobile banking, IMPS and UPI. Also, the number of PoS terminals has increased from Just in a period of 5 months November-MarchIndian banks have been able to set up State Bank of India has merged its five associate banks and Bharatiya Mahila Bank with itself from 1 Apr This is the first such large scale consolidation in the Indian Banking industry.

With this merger, SBI has entered into the league of top 50 global banks up from 55th position inSource: The Banker, July with a balance sheet size of '33 lakh crore, with 24, branches and 59, ATMs servicing over 42 crore customers. The increased balance sheet size will enable the bank to command better terms in both international and domestic markets.

The added branch network, customer base and staff strength will help it expand reach and enable the bank to rationalize resources and redundancies across the board.

The Bank's Endeavour will be to optimize costs and maximize revenues through the merger synergies, leading to significant cost savings and reduction in cost-to-income ratio. Meanwhile, under the Pradhan Mantri Jan Dhan Yojna PMJDYbanks have opened In FY alone, banks have opened 6.

Recently, RBI released a discussion paper on a new category of banks - wholesale and long-term finance banks, which will fund large projects. They will also mobilize liquidity for banks and financial institutions directly originating priority sector assets, through securitization of such assets and actively dealing in them as market makers.

The stress in asset quality of Indian banks continued to remain elevated in FY Due to a high proportion of NPAs, net profits of most banks have declined as a result of higher provisioning. This in turn has impacted their return on assets RoA and return on equity RoE adversely. However, all possible solutions for resolution of stressed accounts are being worked out by the Government, RBI and the banks.

The recent promulgation of the ordinance giving greater powers to RBI is a novel step to tackle the problem of asset quality. The ordinance has a provision under which the Government may authorize RBI to issue directions to any banking company to initiate insolvency in respect of a default under the provision of the Insolvency and Bankruptcy Code, It also has provisions for empowering the RBI to issue directions to banking companies for resolution of stressed assets.

Further, measures like forensic audit in those accounts where there is lack of cooperation, operational sing commercial division of high courts, implementation of bankruptcy code among others are also likely to have a positive impact on the asset quality of banking system. Meanwhile, Indian banks will need recapitalization even as asset quality improves over medium term.

Empirical evidence suggests that there are definite scale economies in banking when recapitalization is introduced. The interesting part is that as per the limited information available in public domain, China had injected 7 billion into their banking system duringwhile the US Fed injected. In contrast, during the period FYFY, cumulative capital infusion into PSBs in India was at bn. The year will be the most crucial in the second decade of the 21st Century.

The pressure points such as sluggish improvement in economic conditions worldwide, structural unemployment, underutilization of capacity, growing digital trades, labour saving technology and geopolitical conflicts have reached a critical mass.

Protectionism is on the rise in the US and EU and financial stability will be under stress in the EU. These factors will create a band of uncertainty around the global growth outlook inwhich is largely positive. The financial markets may, therefore, witness uncertainty during this year and beyond. While the political discourse worldwide may indicate a decline in globalization trends, the growing digital flows have become a new form of globalization and the appreciation of this fact will take some time to percolate.

The expansionary nature of global value chains that marked the liberalized regime in will now give way to more localized production. It is in this context that India is hoping to revive its growth prospects. In the coming year, India's economy will have many challenges to surmount. The protectionism of the West may constrain our ability to cater to export markets. The economy's employment generating potential needs a further thrust.

Doubling of farm incomes to support the aggregate demand needs to be pursued with full sincerity without hurting financial stability.

Critical infrastructure such as internet connectivity, regional air connectivity, rail connectivity, water conservation and port connectivity need push on war footing. National Policy on Standards has waited too long and must be drafted and implemented at the earliest to realise the full potential of 'Make in India'. The implementation of GST, paving the way for a unified national market in goods and services, must reach its logical conclusion during this year.

The Government has set a target to construct as many as 12 lakh houses under Pradhan Mantri Awas Yojana Urban in FY This scheme was launched in to ensure housing for all by However, the Government has to overcome the challenge of land acquisition to successfully achieve this target.

India's growth fundamentals continue to remain intact. Low inflation, good agriculture growth and declining power shortages are indication towards a bright future. Thus, the time is opportune to take a decision on the Second Generation Reforms encompassing vital sectors such as banking, bureaucracy, judiciary and industry. The first generation of reforms has completed 25 years and the law of diminishing returns has now set in preventing a full scale revival.

The consolidation in banking with mergers of Associate Banks may set a template for future consolidations. However, this needs to be supplemented with better HR practices to boost productivity, much higher standards of customer servicing and enduring value creation through judicious use of technology. Overall, both monetary and fiscal policy will be conducive for stable economic growth.

Even if the monetary policy is in neutral mode, ample liquidity post demonetization will keep the interest costs down.

Consolidation in the fiscal space will make room for private investment. We do not see any material departure from either the monetary or fiscal policy stance in the current fiscal. The total assets of your Bank have increased by During the period, the loan portfolio increased by 7. Investments increased by A major portion of the investment was in the domestic market in government securities.

Your Bank's aggregate liabilities excluding capital and reserves rose by The increase in liabilities was mainly contributed by increase in deposits. The deposits rose by The borrowings declined marginally by 1. Net interest income increased by 8.

Total interest income has increased from Rs, Total interest expenses have increased from Rs, Interest expenses on deposits during FY recorded an increase of 6. NON INTEREST INCOME AND EXPENSES.

Non-interest income increased by During the year, your Bank received an income of Rs, Cost to Income ratio improved by basis points from Your Bank registered a robust growth of The Operating Profit of your Bank for FY was at Rs,50, Your Bank posted a Net Profit of Rs, 10, Major provisions made in FY were as under: An amount of Rs, An amount of Rs,3, An amount of Rs,1, The your bank has revalued immovable properties based on the reports obtained from the external independent valuers.

The revaluation surplus was credited to revaluation reserve as on June 30, and the closing balance of revaluation reserve as at March 31,net of amount transferred to General Reserveis Rs, 31, In terms of RBI circular No. The Ministry of Corporate Affairs MCAGovernment of India has notified the Indian Accounting Standards Ind AS which are converged version of International Financial Reporting Standards IFRS.

Subsequently, RBI has issued a road map for implementation of Ind AS for Banks in India for accounting periods beginning from April 1,with comparatives for the periods ending March 31, Towards implementation of Ind AS, following measures have been initiated by your bank: National Banking Group NBG is the largest business vertical of your Bank, anchoring The Group comprises of six strategic business units, and is the largest in terms of its Branch Network and Human Resources.

A steady stream of technology-driven innovations and changing customer preferences are transforming the retail banking landscape. Your Bank, through the launch of several innovative products and solutions geared towards enhancing the consumer experience, has been at the forefront of leveraging new technology in the banking system.

Your Bank has a multichannel delivery model, which allows to offer their customers the choice to carry out transactions through any channel, at any time, and at any place.

All these initiatives have revamped the Bank's process and tools, making it easier for the customers to conduct business. Your Bank also strives to anticipate the future needs of customers and deliver those expectations through technology-based solutions.

Foreign Exchange Rates | State Bank of India

In FY, your Bank increased its offerings across various channels - digital, mobile, internet, social media, in addition to physical branches. Retail Banking is playing an increasing role in customer acquisition, and CASA growth on the liabilities side. Your Bank has continued to see strong momentum in the addition of retail deposit customers, and consequently, robust growth in the retail deposit base. Simultaneously, to meet the aspirations of this growing customer base, Retail Assets are being strategically positioned to grow and to form a much larger proportion of total advances.

Retail banking, the most visible face of banking for the general public and hence it has always been a focus area for your Bank. Customer service has always been the top priority of your Bank, and it strives to offer the best practices in terms of product offerings, technology, and customer service across its retail segment. Your Bank has successfully sailed through the demonetization period and received a number of accolades from you all for its services.

Your Bank offers a wide range of services in the Personal Banking Segment as mentioned below. Home Loan portfolio constituted Total Home Loan and Home Related Loan portfolio as on 31st March stood at Rs,2,37, crore. The last time the Bank won this award was in SBI HL partnered with them to run an online property festival for real estate.

CREDAI is the largest Real Estate Developers Association in the country. During FY, several initiatives were taken by your Bank to give an additional thrust to its Home Loan portfolio.

Some of the important initiatives in this regard are as under: Dedicated Home Loan customised for Govt Employees. A special home loan for Defence Personnel. Exclusive Home Loan for Affordable Housing having a fixed interest rate for 2 years. Customized Home Loan for the non-salaried class having a risk based pricing mechanism. Personal Loan for customers planning to upgrade their existing property.

An instant paperless e top up loan. After the initial success of Griha Tara launched in the FY, the concept was taken forward. Around 60, staff members participated mobilizing business to the tune of Rs, 30, crore. During the year, the Auto Loans portfolio achieved growth of Your Bank has also provided a digital platform Online Customer Acquisition Solution OCAS to customers, enabling them to easily apply for a Car Loan online.

Your Bank has engaged SBI Caps Securities Ltd SSL as its Corporate Agency for sourcing Auto Loan products.

This has resulted in an increased presence at dealership points, leading to the higher sourcing of proposals. As on 31st Marchyour Bank extended education loans ELs to 4,62, students, with a total loan outstanding of Rs, 15, crore. Out of the total loan outstanding, ELs of Rs, 13, crore are under Priority Sector.

Your Bank introduced an EL Take Over Scheme, and modified SBI Global Ed-Vantage by adding some more student friendly features. Continuing the journey of introducing new customer friendly products, your Bank launched following initiatives during the year: The eligibility criteria for Xpress Credit is amended to widen the customer base.

Unsecured Personal loan scheme for employees who maintain salary accounts with the Bank, but are not permanent employees. The domestic deposit portfolio grew by Domestic Savings Bank deposit registered a Y-O-Y growth of The term Deposit portfolio despite declining interest rates has registered a growth of Your Bank introduced and further enhanced the following offerings for the customers during FY As of March your Bank enjoys a patronage of 17 lakh NRI customers, who in turn take pleasure in being served through our 79 dedicated NRI branches, and NRI intensive branches.

The NRI deposit of your Bank stood at Rs,1,33, crore as at the end of March, The customer centric measures introduced for NRIs during FY are mentioned below: Corporate and Institutional Tie-Ups for Salary Packages: The total Salary Account customer base has reached As an additional convenience to HNIs, your Bank introduced the following new initiatives during the year: This App helps HNI customers to get a priority token, reducing their waiting time vis-a-vis other customers.

It imparts knowledge about the concepts of financial planning through proper asset allocation, enabling HNIs to manage their portfolio in a better manner. This serves HNI customers' calls on priority basis.

A value added service that enables individual customers to create a 'Will' online in a hassle free and confidential manner. Your Bank has designed and rolled out 'SBI Exclusive', a unique suite of Wealth Management Services WMS for its high-net-worth customers. The number of High Net worth Individual HNI Customers registered an increase of The growth in Deposit from HNI customers stood at The products suite on offer to high-net-worth.

As on 31st Marchyour Bank has on-boarded 3, customers with total Assets Under Management AUM of Rs, 2, crore which includes CASA, Term Deposits, Mutual Funds, Bonds and Portfolio Management Services PMS. The Government of India introduced Sovereign Gold Bonds in FY with an intention of reducing the demand for physical gold as an investment asset. During FY, four tranches were opened for the subscription. Your Bank mobilized an aggregate amount of Rs, The Gold Monetization Scheme was announced in FY by the Government for the purpose for mobilizing gold held by households and institutions, facilitating its use for productive purposes.

Since the launch of the scheme, your Bank started accepting gold under all three types of schemes - Short Term Bank Deposit, Medium Term, and Long Term Government Deposits.

With mobilization of 2, kgs of gold during FY, your Bank remained at the top of the league table amongst all banks. In order to sell gold to its customers, your Bank imports gold bars on a consignment basis. Your Bank earns a fee on such transactions. Your Bank accepts gold deposits and also borrows gold from overseas suppliers for further lending to jewellers. Your Bank, along with its Associate Banks has one of the largest ATM networks in the world with more than 59, ATMs including Kiosks, Cash Deposit Machines and Recyclers as on 31st March Your Bank has so far installed 6, Recyclers SBG to provide 24x7 cash withdrawal and deposit facilities.

With respect to population demographics, your Bank has a On an average, over 1crore transactions per day are routed through our ATM network. On an average, Rs,3, crore cash is being dispensed by the Group ATMs on a daily basis. During demonetization, your Bank was prompt to reconfigure its ATMs as per RBI directives and SBG ATMs were among the first to dispense new currency notes.

Over 1, e-Corners and hi-tech sbi Intouch Branches have been set up across the country where customers can avail the entire gamut of services from this Channel.

As a part of Go-Green Initiative, more ATMs are being equipped with a solar power back-up. ATM user-safety is also a concern, so apart from physical caretaker arrangement, 10, ATMs have been brought under 24 1 7 Electronic surveillance. Barcode based Passbook Printing Kiosks. Using these kiosks, customers can print their passbooks on their own using barcode technology. On a monthly basis, more than 3 crore transactions are recorded at these kiosks.

Green Channel Counter GCC. GCC is a POS terminal installed at counters in all retail branches. Transaction through GCC is done by swiping ATM-cum-Debit card followed by PIN validation. The services extended through GCC are cash withdrawal, cash deposit, fund transfer within SBI up to Rs,40, per transaction.

On an average 8. Green Remit Card GRC. SBI Green Remit Card initiative won the SKOCH award under Technology Product category in It is a deposit card for an individual who regularly remits money in a particular account specially the migrant depositors. With an average daily transaction of 1. Your Bank saw astronomical growth in transaction put through on its mobile banking platform during FY State Bank Anywhere App.

Your Bank revamped its Mobile Banking App and launched the State Bank Anywhere. This App is an extension of Bank's Internet Banking Services, with the additional option of registering through a debit card. This also incorporates the features of Bank's popular App SBI Freedom. The recently added feature of paying through Bharat QR Code is also gaining good traction. State Bank Anywhere Saraland State Bank Anywhere Corporateare the mobile banking interfaces for small and large corporate respectively, and have taken banking 'on the go' to the next level for our corporate and government customers.

The use of these apps by over 75, non-retail customers is a testimony to the increasing acceptance of digital channels. Customer Experience Excellence Project CEEP. The Customer Experience Excellence Project CEEP has been rolled out at 4, branches across the country. An integrated Queue Management system is in place at these branches to manage the crowds and ensure that the customers are serviced promptly without having to wait in queues at the counters.

A Customer Feedback Tab is provided at these branches to enable the customers to give their feedback on the services of the branch. Real time monitoring and Branch choreography are undertaken at these branches to give the customers an excellent service experience. This App is available on both Android and iOS phones and it helps in reducing waiting time for customers at the branch. It also reduces crowding at a branch as the token is generated before the customer reaches the branch, so customers can skip the queue and avail banking services.

As on date, the App has registered more than 10,00, One Million downloads. The usage of the App is increasing on daily basis. The HNI customers are tagged as Priority Customers at these branches. Your Bank has also undertaken Customer Service Feedback Survey at select CEEP branches to assess the impact of the CEEP initiative on the quality of customer service. The feedback thus received is being used to improve the customer service and facilities available for the customers.

Launched in NovemberSBI Pay is an inter-operable mobile-based payment solution, which rides on Unified Payment Interface UPI system of NPCI. The app is a payment solution for customers of SBI as well as of other banks. It offers the facility of sending and receiving money based on Virtual Payment Address VPA as a unique identifier. State Bank Buddy - the Mobile Wallet is another choice of payment-channel given available to the customers and noncustomers.

Launched in Augustthe wallet is available in 13 languages. Since launch, Buddy has seen remarkable growth in user-base, especially post demonetization. The mobile wallet has reached a user base of Buddy marketplace boasts of partnering with some of the biggest and the most popular names in the e-Commerce industry like Shop clues, Yatra, Make my Trip, IRCTC and Book my Show, among others.

In order to expand Bank's reach to the rural populace and enable the benefits of digitization to the masses, your Bank has rolled out an exclusive offering in 'assisted' mode - State Bank MobiCash.

Mobicash users can approach CSPs BSNL outlets for wallet operations or initiate transactions themselves. State Bank Mobicash aims to bridge the gap between the urban and rural market and fulfill aspirations across all sections of our society, thus helping India move towards a cashless society.

All the Mobile Apps of State Bank Group can be viewed and downloaded from 'State Bank App Kart', which is available on both iOS and Android. These branches provide the car buyer with assisted decision making by displaying various detail - such as car models, dealer locations, and price variation among models - through the 'Digital Wall'. Your Bank's strategy is to create a 'Phygital' marketplace within these futuristic branches, to offer customers Banking through self-service kiosks and services of other SBI subsidiaries such as Life Insurance, General Insurance, Mutual Funds, Credit Cards, and online trading through SBI Cap Securities.

Financial counseling through hi-definition Audio Video conferencing service is provided at outlets, where customers can interact with financial experts. These sbiINTOUCH branches have crossed the milestone of Rs,2, crore in terms of aggregate business. Going forward, your Bank is committed to offer banking services through a seamless digital experience at these sbiINTOUCH branches.

Your Bank's Net Banking website 'www. Your Bank provides robust and customer friendly Net Banking Platform to its Retail, Corporate and Government customers. The platform is periodically upgraded in line with the evolving consumer needs. Digital On-boarding of Merchants. Your Bank has collection solution for all, be it a large corporate, government entity or an SME client. Your Bank's State Bank Collect, SB-MOPS Multi-Option Payment SolutionBuddy-Merchant app and the recently introduced UPI payment option are particularly popular with the collecting entities.

In order to further strengthen the e-Commerce ecosystem through strategic partnerships, your Bank's digital offerings are upgraded continuously to also cover collections relating to e-Tendering, e-Auction, e-Freight and bulk payments as per the requirements of the partners.

During FY, your Bank has entered into more than one lakh new merchant tie-ups on digital channels. Your Bank has always sought to provide futuristic technology at fingertips. One step in this direction was setting up the high-tech, one of its kind, banking outlets - sbiINTOUCH.

Your Bank has seven sbiINTOUCH premium outlets in Ahmadabad, Bangalore, Chennai, Delhi, Kolkata, and Mumbai; and sbiINTOUCH Branches equipped with state-of-the-art digital technology. These sbiINTOUCH branches cover more than districts across the country. Your Bank is the Corporate Agent of SBI Life Insurance Co. Ltd and SBI General Insurance Co. Ltd and SBI Cap Securities Limited for distributing their products.

In addition, all branches are authorized for opening pension accounts under National Pension System. Key highlights of FY are given below: Number of Systematic Investment Plan SIP Accounts has grown by Number of Health Insurance policies issued, increased by Your Bank is a pioneer and market leader in SME financing. With over one million customers, the SME portfolio of Rs,2,25, crore as on 31st March accounts for nearly Your Bank's approach in driving SME growth rests on three pillars: Your Bank, has the largest number of touch points in terms of number of branches and other modes, reaching out to the public at large.

The SMECs have also been fortified in terms of staff strength, which has resulted in improvement in service. Over 1, officers Relationship Officer and Customer Support Officer are deployed to focus on marketing and providing financial services to Small Enterprises across the country.

Web based loan application and tracking system: Your Bank is hosting an online loan application and tracking facility for MSME borrowers on the Corporate Website www.

Launching of a Portal myloanassocham. To further widen its reach through multiple and sustainable channels, your Bank joined as a lead partner Bank with ASSOCHAM, to launch an online loan application portal, wherein MSMEs can register and apply for loans.

Your Bank has been actively participating in Business Conclaves and Summits to reach out to entrepreneurs and understand their requirements. The percentage of this portfolio as on 31st Marchis Leveraging the state-of-the-art technology and branch network, your Bank is further strengthening its relationship with the Corporate World and has emerged as a major player in Supply Chain finance.

During the fiscal, your Bank entered into 42 new e-DFS Electronic Dealer Finance Scheme and 16 new e-VFS Electronic Vendor Finance Scheme tie-ups covering Industrial Majors and 17, of their dealers and vendors.

The number of oil dealers Petrol Pumps on e-DFS crossed 10, during the last fiscal. The market segment wise and sector wise diversification of eDFS portfolio is represented in the pie-chart below: Asset Backed Loans ABL: Loans are sanctioned to businesses backed by the security of tangible collaterals at moderate rates of interest: Credit flow to Micro and Small Enterprises under CGTMSE: Your Bank has been a pioneer in supporting MSMEs and for Micro and Small MSE business.

Your Bank is extending collateral free lending up to Rs,2 crore under guarantee of CGTMSE. The cost of guarantee cover for working capital facilities up to Rs,50 lakh is being borne by your Bank.

SBI has a portfolio of Rs,11, crore under CGTMSE as on 31st March Your Bank is leveraging technology in every aspect of the value proposition from sourcing business, designing products, streamlining process, improving delivery to monitoring. Your Bank has taken several initiatives to build SME portfolio in a risk mitigated manner and has brought about significant changes in i Product suite, ii Process iii Delivery.

In FY, Ecosystem Financing Project Shikhar was introduced by your Bank to take advantage of the growing e-commerce footprint in the economy. Your Bank focused on digital banking platform by launching various facilities for SMEs based on technology. Your Bank developed the Credit Risk Model to provide an automated instant sanction of loans under e-tailer financing which is a truly disruptive offering.

Under this model, a loan to the seller is given at the click of a button and in-house 'Digital Tool' is being used for instant sanctioning of loans under taxi aggregators. Apart from this, your Bank is leveraging technology to capture early warning signals and has introduced digital inspection of units. Your Bank is in the process of revamping its credit underwriting process to move away from the traditional balance sheet based underwriting, and towards revised financial modules - balance sheet augmented by recanted cash flow from multiple sources.

It will significantly reduce dependency on the financial statements and the risks related to it. The new Credit Underwriting Engine will be rolled out across your Bank in the SME segment during FY Loan Origination Software LOS-SME and Loan Life Cycle Management System LLMS: With a view to adopt and follow uniform standards of credit dispensation, ensure quality, and preserve Corporate memory, LOS and LLMS have been introduced for small value and high value loans, respectively.

Digital Inspection Application DIA-SME: Your Bank also records collateral security, location of the properties and place of business with photograph and geo-coordinates date and time through this Digital application. Early Warning Signal Mechanism: Your Bank has introduced this application in Augustfor the early detection of the delinquent accounts through the system in.

EWS for the high value SME accounts of Rs, 1 crore and above were introduced in October for SME intensive Branches. Accounts with Rs, 50 crore and above are being monitored at frequent intervals to control delinquency and facilitate timely reporting to regulators.

Introduction of Simplified Rehabilitation Scheme: Cards Acceptance Infrastructure Merchant Acquiring Businesses.

Your Bank realized the need for doing banking the Smart way early on. In its pursuit as an enduring value creator towards becoming the 'Banker to Digital India', your Bank has been putting significant efforts to upgrade its technology to the best in class on an on-going basis, and the capability to offer near JIT Just in Time service delivery environment across its delivery channels.

With over 26 crore State Bank Group Debit Cards as on 31st Marchyour Bank continues to lead in Debit Card issuance in the country. A concerted effort by your Bank to empower the customers to enjoy 'Anytime Anywhere Banking' through Debit Cards has resulted in improvement in its market share in Debit Cards spends from In sync with the focus of Government of India to create a digital economy, your Bank has strengthened its position as top merchant acquiring Bank by installation of 2.

Your Bank has deployed over 1. Post demonetization, the Bank took following initiatives to ease out the cash crunch: With a view to move the base of Debit Cardholders to PoS terminals and e-Commerce websites, awareness campaigns are being run on a regular basis. Various innovations like introduction of sbiINTOUCH contactless Debit Cards; Mumbai Metro Debit Card, among others, aggressive marketing campaigns and Debit Card awareness programme, have placed the Bank in the top slot in terms of Debit Card spends.

In order to move towards less cash economy, your Bank has launched alternate digital merchant payment acceptance solutions like Bharat QR and Aadhaar Based Payments viz. In addition to basic acquiring services, the Bank is also providing the Value Added Services like Cash PoS for cash dispensation to debit card holders, DCC. For FY, your Bank has set challenging target to ramp up the Merchant Payment Acceptance Touch Points by deploying additional half a million physical and digital PoS terminals.

Your Bank has always believed in the potential of rural India as an important contributor to India's economic growth, and its progress being integral to ensuring a sustainable and balanced development. Your Bank has endeavored to meet the financial needs of this segment through several innovative channels, products and services. The Indian rural market is undergoing a paradigm change with structural shifts in the economy, rising non-farm incomes, changing consumption preferences and increasing awareness among the rural consumers.

This transformation is supported by several factors including rapidly rising connectivity, infrastructure development, and the emergence of new business opportunities. Your Bank has always been in the forefront to ensure national priorities.

Your Bank surpassed the Agri credit flow target set by Government of India during FY, as it has done in the how to make money on adwords as depicted in the table below: Smart Approach to Agri Business.

Your Bank is in the forefront of technology enablement for Rural-Semi Urban RUSU areas by providing Core Banking Solutions, coupled with ATMs, Cash Deposit Machines, Point of Sale PoS machines and Micro ATMs. During FY, your Bank introduced various technology based solutions and products to make farmers' lives easier, while improving the operational efficiency for managing agriculture loans.

Some key initiatives in this area include: For ease and operational convenience, RuPay cards were issued to over KCC RuPay Cards work seamlessly with ATMs and PoS machines, enabling farmers to purchase their day-to-day farm requirements on 24x7 basis.

New Products for Farmers: In order to make agriculture lending more sustainable and to reduce risks in the portfolio, your Bank is focusing on supply chain finance through strategic tie-ups.

To avoid distress sale by the farmers and to encourage price discovery, your Bank has entered into tie-ups with Collateral Managers to offer finance to farmers against their produce stored in warehouses. To improve the quality of life runescape eoc magic money making India's rural population and to achieve total financial inclusion, 'SBI Ka Apna Gaon' Scheme of adopting the villages was initiated in FY By FY1, villages have been adopted for their overall development.

Your Bank has courses for stock market in kolkata been forming Farmers' Clubs at village level, for fostering continued relationship with the farming community. Today, the number of such clubs has reached 1 0,71 9. Your Bank has also launched the concept of 'SBI Digital Village' to convert the identified villages into cash less eco-system.

Your Bank has formally launched this initiative in 21 villages on 1st July,which have moved on to the digital platform. Your Bank has been at the forefront of Financial Inclusion initiatives in the country. Your Bank is the pioneer in the Business Correspondent BC model, an alternative for providing banking services to cater to both urban and rural customers, characterized by small value transactions. The BC model, with over 52, Customer Service Points CSPs across the country, provides various products and services such as savings, term deposits, micro loans, remittances, loan repayments.

Micro insurance and Pensions. The BC Channel services are engaged for Aadhaar Seeding and linking Accounts with mobile. Your Bank has successfully leveraged technology for propagating Financial Inclusion by introducing Internet based Kiosk Banking, Card based and Cell phone messaging channels.

With the main objective of imparting financial literacy and facilitating effective use of financial services by the common man, your Bank has set up Financial Literacy Centres FLCs. During FY, a total of 15, financial literacy camps at villages across the country were conducted by these FLCs. Under the Pradhan Mantri Jan Dhan Yojana PMJDYyour Bank has been amongst the most prolific implementers of the programme.

Your Bank has opened 8. A substantial number of these cards were issued in some of the most challenging areas of the country. The total number of financial inclusion accounts has thus grown from 9. Your Bank has actively participated in SHG-Bank Credit linkage programme since its inception in As on 31st Marchyour Bank is the market leader in SHG financing with a credit deployment of Rs,6, crore to 3. In the years to come, all these initiatives will eventually help towards developing a cashless society ecosystem, promising great social benefit.

Regional Rural Banks RRBs. Your Bank has sponsored 14 RRBs covering districts in 15 States, with a network of 3, branches. Your Bank's investment in equity of forex breakeven definition RRBs is Rs, All RRBs are on CBS platform. Besides, RRBs have implemented various IT initiatives such as RTGS, NEFT, RuPay Cards, IMPS, Kiosk Banking, Aadhar Payment Bridge System, Aadhar Enabled Payment System, National Automated Clearing House, Cheque Truncation System, e-Commerce and Micro ATM, among others, which have been implemented in Public Sector Banks.

Under PMJDY, RRBs have opened Prime Minister Suraksha Bima Yojna, Prime Minister Jeevan Jyoti Bima Yojna and Atal Pension Yojna to their customers. To mitigate unemployment and under employment problem among rural youth in the country, your Bank has set up Rural Self Employment Training Institutes RSETIs across the country that are imparting comprehensive, free of cost residential trainings in personality and skill development.

In addition 34 RSETIs are sponsored by the Associate Banks. Some of your Bank's RSETIs are located in the geographically and socially challenged areas. These institutes are playing a vital role in providing training and enabling settlement in vocation to unemployed rural youth.

Rural Youth Candidates Trained by RSETIs. No of Programmes Conducted. No of Candidates Trained. Cumulative settlement of candidates. Training for Debt Recovery Agents DRAs.

Banking system is witnessing new challenges in its traditional business domain from new digitally enabled entrants. Further, Payments Bank and Small Finance Banks have also been launched. The competitive scenario is, therefore, getting intense and changing rapidly. State Bank Aggregator Module SBIePay.

Your Bank is the first and only Bank to have its own payment aggregator services. As a Bank and a Payment aggregator, SBIePay has already partnered with 40 banks for providing seamless Internet Banking options to the customers.

It is uniquely positioned to assimilate the assisted model of Digital Seva Kendras in its system. PayPal has also been added as a new channel in SBIePay for accepting international payments. With its focus on C2G and B2G, SBIePay is well positioned to support the Government on its cash less and less cash society bo sanchez articles on stock market. SBIePay has enabled NTRP Non Tax Revenue Portal of Controller General of Accounts, for online receipts of all Central Government ministries.

It has also provided its aggregator services to GRAS Government Receipts and Payments System of the States of Maharashtra, Rajasthan and is in the process of extending trading futures options tutorial to Assam, Gujarat, and Pondicherry State Governments.

Indian Railways procurement system IREPS has identified SBIePay for their online procurement payments. SBIePay is proud to be associated with the Government of India's noble initiative of launching a portal called 'Bharat Ke Veer' for contributing to the families of the Martyrs.

It continues to provide its services to e-Visa of MEA. It has partnered itself with all the digital initiatives of Delhi Government. PSUs such as HPCL, IOCL and Gail Gas Limited are some of the major PSU clients of SBIePay for LPG refill payments and new connections.

It provides services for topping up of the IOCL fleet card. SBIePay is also available for refilling Toll Tags Fast Tag under National Electronic Toll Collection project of NCPI. SBIePay aims to be the one stop solution for processing all online Government Receipts and a leading player in C2G and B2G segment.

Enterprise Wide Loyalty Programme: State Bank Rewardz In line with our vision statement to keep 'Customer First, your Bank has been the first bank to launch Enterprise Wide Loyalty Program-State Bank Rewardz, to reward its customers for the unstinted trust reposed. Your Bank envisions strengthening its relationship with its customers by recognising their continued faith and long term association with your Bank. As on 31st March Now, customers earn reward points for their various transactions like payment through Debit Cards, Internet Banking transactions, usage of Mobile Banking, Personal Banking, Agri Business, Home Loans and Current Accounts.

These reward points can be redeemed through multiple redemption options such as SBI Gift Card, Merchandise, recharging of phone or D2H, booking tickets for Movies, Buses and Flights. The most important feature of the Programme is the ease of use through a Mobile App- State Bank Rewardz, which can be downloaded from the Google Play Store and App Store.

For enhancing customer experience and for providing improved functionalities, your Bank has revamped the Mobile Application during the year and also introduced iOS version.

For providing better convenience to the customers for redemption, the reward points can also be redeemed at select Merchant partner outlets as well. Total Reward Points awarded to the customers during the year stood at 1, crore. National Electronic Toll Collection - SBI FASTag: In line with Government's vision to collect the toll electronically at the Toll Plaza across the country, your Bank has rolled out the project of national importance as 'SBI FASTag' in December SBI FASTag enables the Customers to pay the toll electronically across all the National Highway Toll plazas without stopping their vehicles, Gradually, the State Highway Toll plazas also will join the NETC program.

The states of Madhya Pradesh and Maharashtra have joined the program. Financial Literacy Camps conducted Cumulative. The customer also have the access to customer portal through which they can recharge their SBI FASTag online and enquire history of their vehicle.

With a view to facilitate e-Governance, digitization and bringing in more efficiency, the following new initiatives were taken during the year: State Government Receipt Business: States with Cyber treasury CT facility use e-mode for tax collections and receipts.

State Government Payment Business: Various e-Initiatives during the year: Launched new customized product with dash board for National Highway Authority of India. It has been provided to Air force, Navy and DRDO and is being operationalised. Your Bank has been integrated with 'NTRP' for online collection of all non-tax revenue of Government of India.

Visa fee is being collected through SBI e-pay. Launched 29 e-initiatives for various State Governments. Your Bank is the sole banker to process LPG subsidy. During the year, ' 14, crore were disbursed over crore transactions. Your Bank has processed What are the best chinese stocks to buy Bank has been administering pension payment to more than During the year, your Bank successfully disbursed arrears of second tranche of OROP and arrears of 7th CPC, among others.

The total amount disbursed is more than Rs,11, crore. Your Bank has added 2. Your Bank services more than 62 lakh PPF and 7. It is the highest among all the authorized banks.

Your Bank's Insurance cell was set up at Corporate Centre for procuring Insurance Policies for your Bank's assets. It is working as per the guidelines of Advance Measurement Approach AMA under Basel II norms to reduce the requirement of risk based capital. This has enabled your Bank to achieve improved claim settlement.

Your Bank has also complied with RBI's instruction on Unique Customer Identification Code UCIC to the extent of In terms of operating cost reduction, your Bank has taken up the rationalization of Currency Chests, under which 45 Currency Chests have been closed during FY, saving a recurring cost of approximately ' 25 crore per annum. Outsourcing Model of Stationery Management has been rolled out in 8 Circles during the year to reduce costs incurred on hiring of premises, management of storage, obsolescence of stationery items, manpower, and transportation costs.

Your Bank is in the taxation employee stock option exercise price of rolling out the Project in all Circles during the FY Electronic Data Management System EDMS Project, which was introduced during the FY for Digitization and hassle-free retrieval of Account Opening Forms AOFspicked up momentum this year.

Your Bank has scanned During the year, roll out of Centralization of Cheque Printing Project was completed, with the objective of improving the security of your Bank's Cheque Printing ecosystem, and reducing establishment cost of LCPCs. As a result of the above initiatives, your Bank will continue to manage efficiently the increased volume of customer transactions through standardization, improved skills and economies of scale.

The Wholesale Banking business ecosystem at your Bank focuses on servicing corporate customers, through customized financial solutions, and is comprised of several teams focused on specific areas to facilitate specialization and indian stock market forecast tomorrow product offerings to your Bank's the stock market crash of 1929 ppt. The Corporate Accounts Group, provides banking services to large corporate and institutions, including state-owned enterprises.

The Corporate Account Group caters to customers with total credit exposure in excess of Rs, crore. The Corporate Banking Group forex liverpool street station strategic business sub-groups which are mentioned below: The Corporate Accounts unit focuses on the Bank's prime corporate clients across India.

Each client is assigned a dedicated accounts management team led by a relationship manager to coordinate the client's banking requirements. The Corporate Accounts unit aims to leverage its corporate relationships to grow its fund-based, non-fund-based, and fee-based products. With the quality of services offered and confidence generated amongst its customers, in the Reader's Digest Trusted Brand surveyyour Bank was voted and conferred with Gold Award in the category of Loan.

It was also selected as the India's best Bank by Financial Express in September The total outstanding loans to clients in the Corporate Accounts unit stood at Rs,3,29, crore and Rs,3,38, crore in respect of fund-based products, and Rs,1,98, crore and Rs,1,89, crore in respect of non-fund-based products as of 31st March and 31st March respectively.

Your Bank offers products and services including corporate cash management, trade finance and other corporate banking services to Corporate Banking Group customers. X Cash Management Product Forex rates india sbi. Your Bank provides cash management services to corporate customers under SBI FAST.

As on 31 st Marchcustomers had access to over CMP branches across India, with pooling facilities at various branches, connected to the Bank's central processing center in Mumbai. The payment solutions offered by the Bank as a part of corporate cash management make it possible for corporate customers to outsource their accounts payable and have payments forex trade by bonus amount using electronic and paper products.

CMP provides centralized payment solutions stock options dividend risk a number of state governments. As part of the National e-Governance Projects neGPthe Bank's CMP is also handling Union Ministry Expenditure Accounts for a large number of Pay and Accounts Offices PAOs relating to certain accredited Ministries and Departments.

In addition, your Bank's CMP also handles e-payment of certain non-civil ministries and departments of the Government including the Ministry of Defense and the Ministry of Communication and Technology and Railways.

Trade finance services offered by your Bank include the issuance and advising of domestic and foreign letters forex trading and uk taxation credit, aftermarket parts for savage rifles confirmation of export letters of credit, trading binary options insurance issuance of guarantees on behalf of domestic customers in favour options hedge fund strategy type domestic and foreign beneficiaries, and on behalf of foreign correspondent banks to beneficiaries in India, domestic and foreign bill discounting against forex for beginners pdf anna of credit as well as non-letter of credit bills and similar services.

These services are also available online on e-trade SBI, a web-based portal which has enhanced efficient access of trade finance services to customers. Your Bank has been awarded the prestigious 'Best Trade Finance Bank' award in March, by the Global Finance Magazine. X Supply Chain Finance. Supply chain finance services include an IT-driven supply chain financing product, namely the electronic vendor financing schemes and electronic dealer financing scheme.

These have been developed in-house. These products are designed to ensure efficient management of working capital cycle and sustained growth of the business partners. As on 31st Marchyour Bank had approximately Industry Majors, 17, Dealers and 7, Vendors who migrated to the electronic supply chain financing platforms. X Other Corporate Banking Services. Your Bank offers loan syndication services to Corporate Banking Group customers.

Through its subsidiary, SBI Capital Markets Limited, your Bank has developed significant syndication capabilities, structuring and arranging syndication of large financial transactions. Your Bank seeks to leverage these syndication capabilities to arrange project and corporate finance for its corporate customers and earn fee income. Your Bank also seeks to increase its advisory business with respect to mergers and acquisitions, infrastructure projects, and securitization.

By leveraging the experience of SBI Capital Markets Limited and the extensive customer relationships of the Bank, this strategic association has made a significant contribution to your Bank's ability to cross-sell the products and services of its various business groups and subsidiaries.

NBG Operations of TBU: Fee Income from NBG clients for Transaction Banking Services, grew from Rs, Commission income from Government Business was a key driver in TBU's growth.

SBI - Global Link Services

Fee income from this segment grew from Rs, Other Institutional Clients OIC: It offers wide range of TBU products to NBFCs, Mutual Funds, Banks, Insurance Companies, Micro Finance Institutions, Brokers and Cooperative Banks. OIC has Institutional Clients as on 31st March NBFCs. Insurance CompaniesMutual Funds - 17, Banks - 14, Brokers - 11, MFIs - 4 and Aggregators exchange rate between usd and chinese yuan 1.

A product encompassing comprehensive solution for NBFCs is being developed. It provides transaction banking solutions consisting wide range of products to Corporate and Mid Corporate.

The penetration among CAG clients improved from The fee income registered a robust growth and improved from Rs, Your Bank was voted as the 'Best Local Cash Management Bank in India' by Large Cap Companies in the Cash Management Poll conducted by ASIAMONEY. Transaction Banking Unit offers a range of products to Corporate, Government Departments, NBFCs, Insurance Companies, Mutual Funds, SME Clients and others to facilitate their fund management requirements.

The core focus of the vertical is to handle and provide solution to the client requirements where bulk payments and receipts are involved. Though Corporate Customers continue to be the main focus area, NBG clients and Government Central How are stock options reported to the irs and State Govts have also emerged as key target segments. Your Bank upgraded its technological platform and new payment portal was hosted for Corporate Customers and Government Payments.

The new payment portal has reduced the processing time considerably, processing transactions on almost real time basis. How much money did ronnie coleman make bank has successfully transited from manual processing of transactions during FY A Product Development Department has been created to keep abreast with market requirements and ensuring quick response to client's requirements.

TBU Fee income from operations rose from Rs, The team understands the project objectives, specific client requirements, challenges in existing process flows, client's line of activity and level of technology used at client location. According to this assessment, your Bank provides a technology based futuristic solution to clients.

The team provides support to all verticals of TBU in acquiring new businesses. It also keeps track on the market developments to keep TBU products and processes updated and ahead of our Competitors. This has been made part of the Transaction Banking Unit to bring more focus on Current Accounts CAs. Your Banks is fine-tuning its Liability Schemes on a regular basis, based on the feedback received from operating functionaries and reviews service charges, to have competitive edge in the market.

The Department also educates and drives front line staff across your Bank in marketing the various Current Account products. PROJECT, FINANCE AND LEASING. The project finance environment continued to remain challenging during FY largely due to a slowdown in new project commitments by corporate, coupled with implementation and operational issues affecting ongoing projects.

Your Bank's special business unit Project Finance and Leasing PFSBU deals with the appraisal and arrangement of funds for large stock market brain teasers in infrastructure sectors such as power, telecom, roads, ports and airports.

PFSBU also provides support to other verticals for vetting their large ticket term loan proposals. In order to strengthen the policy and regulatory framework for financing infrastructure, inputs are also provided to various ministries of Government of India, Niti Ayog and the RBI with respect to lenders' views on new policies, Model Concession Agreements and broader issues being faced in infrastructure financing.

Project Finance and Leasing Business Performance Rs, in crore. Project Finance has sanctioned new capacities in both green field and brown field projects in FY under various sectors. During FY, fund based and non-fund based exposure aggregating Rs,10, crore Rs,7, crore in FY were disbursed to such projects.

Despite the challenges in the sector, there is a marginal increase in credit off take for large projects. Your Bank's Mid Corporate Group MCG operates through its 14 Regional Offices across Ahmadabad, Bangalore, Chandigarh, Chennai 2Hyderabad, Indore, Kolkata 2Mumbai 2New Delhi 2 and Pune. The forex turnover of the Group improved by During the year, MCG has facilitated transformation to digital banking for its customers. Various digital products like CMPPoS 2,CINB and Prepaid Cards 1,04, have been booked during the year.

The Group continues to partner with its customers in India to expand their activities coop money maker provide them support for acquiring assets or companies overseas, including by way of loans to overseas subsidiaries and On the lognormal distribution of stock market data backed by Letters of Comfort or Stand-by Letters of Credit.

In addition, your Bank also targets the local populace in line with its vision to become a truly International Bank. Your Bank has been the most trusted brand in the banking horizon in India. With its remarkable global presence, your Bank aims to become a truly International Bank.

Your Bank has an overseas presence through foreign offices spread across 36 Countries. These offices are being managed by the International Banking Group of your Bank. Overseas Offices as on 31st March During FY, your Forex trading indicator software opened two new branches - IBU GIFT City, Gujarat and SBI Yangon, Myanmar upgraded from Representative Office.

Nepal SBI Bank Limited, a subsidiary of SBI has earn money from online surveys without investment three branches. During the same period Rajshahi branch in Bangladesh, Clementi branch in Singapore, Kowloon branch in Hong Kong, Riffa sub-office in Bahrain, Chatsworth sub-office in South Africa, and Representative Office in Milan were closed.

SBI California and Mauritius also closed their three branches during the year. Your Bank is consistently creating value for the profitable forex scalping strategy by giving good returns and profits. The International Banking arm of your Bank has consistently been a major contributor to the profits.

Contribution of Foreign Carnival cruise work from home to Net Profit of the Bank Solo. The Group has dedicated verticals for Credit and NPA management, Stock brokerage firms china, Risk, Treasury, Retail and Overseas Subsidiaries, Human Resources, Operations, General Banking, and Strategy to support the extensive international operations of your Bank.

The International Banking Group supports your Bank, as well as its major stakeholders, through its various business functions as detailed below: Your Bank facilitates raising debt in foreign currency by Indian corporates by way of External Commercial Borrowings through syndicated deals in conjunction with other Indian and Foreign Banks, and also through bilateral arrangements. IBG-Credit is responsible for building a quality loans and advances portfolio in overseas branches.

This is achieved through a range of loan products. The loan products inter alia, include bilateral and syndicated loans. All Credit committee meetings are now being conducted over LLMS. Through specialized remittance products your Bank enables a 'window to India' for NRIs residing in different corners of the world. In some countries with considerable Indian Diaspora, your Bank also engages in retail banking activities for both Indian as well as local customers.

The Group facilitates linkages of your Bank with international stakeholders viz. Correspondent Banks, Foreign Government Agencies, Developmental Financial Institutions, International Chamber of Commerce and others on one side and facilitates synergy between IBG and other Business Verticals such as Mid Corporate Group, Corporate Accounts Group, Global Markets etc.

Once implemented the solution will provide a degree view of the engagements with the correspondent banks. Global Trade Department GTD facilitates and supports your Bank's Foreign Offices in maintaining a vibrant Trade Finance portfolio. GTD formulates policies and innovates products as per changing regulatory norms and market demands.

GTD takes lead in introduction of new technologies to improve service quality in Trade Product offerings viz. As on 31st March your Bank has MRPAs with 55 partner banks 36 global MRPAs and 19 standalone MRPAs. Global Link Services GLSa specialized outfit, caters to online inward remittances from overseas locations to India, Foreign Currency Cheque collection and facilitates centralized processing of Export Bills collection.

GLS is also facilitating online remittance from other geographies through web based Non-Rupee Products viz. SBI Express Remit Canada, SBI Express Remit UK and SBI Express Remit World Wide. International Banking- Domestic IBD department is a single point of contact for all Foreign Offices as well as Correspondent Banks for all tagliare pannelli di forex relating to domestic IB business.

IBD is also actively involved in skill development and product innovation for domestic branches apart from overseeing policy and procedures relating to Trade Finance on domestic front. IBD is also coordinating and acting as a liaison with Trade bodies and ICC subgroups for developing Trade Finance Business.

Your Bank is committed to the policy of zero tolerance of non-compliance with regulatory guidelines in all its overseas operations. Status of remediation is placed before the Audit Committee of the Board.

Your Bank has adopted an Independent Risk Governance Structure covering domestic and international operations. A country Risk Management Policy in tune with RBI guidelines is in place.

Country-wise and Bank-wise exposure limits are monitored and reviewed on regular basis.

India's First Online Currency Exchange and Foreign Remittances Portal - uqyhadet.web.fc2.com

As a truly Digital Bank, your Bank has taken a holistic approach towards digital transformation by digitizing processes to offer tailor made products. This also enhances customer stickiness leading to successful retention. For legal constraints, your Bank has approached the concerned authorities at appropriate levels and represented to relevant forums like Gyan Sangam, IBA and others.

Government fundamentals of futures and options markets (8th edition) RBI have responded by enacting new laws, issuing new instructions and amending some of the existing ones, wherever required.

Fresh amendments in the RDDBFSI Act and SARFAESI Act; and introduction of the Bankruptcy and Insolvency Code, are likely to bolster your Bank's legal remedies. In these testing times, when the NPA levels in Banks have risen to unprecedented levels, their management and expeditious resolution has attained significant importance.

The Banking sector needs to reorient towards evolving innovative and far reaching solutions to recover NPAs. For the last few years, the entire banking sector has been forex professional strategy stress due to a spurt videokurs binary options torrent the growth of Non-Performing Assets.

Rising NPA levels and fresh slippages across sectors can be attributed to the following factors: Inadequate pickup in the global economy and negative spill overs from global financial markets. Less than adequate pick up in domestic growth and declining exports. Cancellation of coal blocks. Delay in realization of receivables due to subdued demand, reduced market confidence, etc. Stress in steel sector due to volatility in prices of steel, low capacity utilization and cheap imports from other countries.

Further imposition of trade barriers by countries and inverted duty structure adversely impacted the sector. Stress in other major sectors like Textiles, Telecom, Sugar and Aviation, among others. According to the Financial Stability Report of RBI Decemberrisks to the banking sector remained elevated due to continuous deterioration in asset quality, low profitability and liquidity. Furthermore, results of macro stress tests for credit risk at system, bank group and sect oral levels to test the resilience of the Indian banking system against macroeconomic shocks predicts a worrying picture where the PSBs may record the highest GNPA ratio and lowest capital to risk-weighted asset ratio CRAR among bank-groups, although the CRAR at the system - as well as bank-group levels - are expected to remain above the regulatory required minimum.

The movement of NPAs and recovery in Written-off accounts during the last 4 years are furnished below: Recoveries in Written-off Accounts. In line with your Bank's focus on resolution of NPAs, the Stressed Assets Management Group SAMG continues to work as a dedicated and specialized vertical for efficient resolution of high value NPAs. It is headed by a Deputy Managing Director with two Chief Currency forex trading online3323 Managers overseeing the entire effort.

With a strong team and specialized focus, SAMG has turned into a centre of excellence for the NPA resolution effort of the Bank. Despite making concerted efforts to expedite recovery and reducing NPAs, your Bank often faces impediments in the form of legal hurdles, unavailability bce stock buy or sell strategic.

Following are some of the initiatives adopted by SAMG in that Endeavour: Other Measures taken to Control NPAs: It also signals a strong intent of your Bank towards battling out the cases while making last mile recovery efforts. Strategic Debt Restructuring SDR option is also explored in select viable cases as per RBI guidelines.

A number of properties were successfully sold across all geographies during the FY It covers monitoring of SMA as well as sub-standard accounts in PER, SME and AGL accounts. An SMS is sent to all customers at Risk Grade I level followed by further reminders by way of an SMS. Your Bank's treasury has recorded another year of strong growth.

Your Bank's Global Markets Group is responsible for managing the Bank's SLR portfolio, as well as liquidity management which includes maintenance of CRR and HQLAs for Liquidity Coverage Ratio LCR. The year saw yields fall sharply as RBI continued to ease policy rates and Government demonetization move brought in significant liquidity into the banking system.

Policy repo rate fell from 6. The Benchmark 10 year yield which was trading at 7. In order to improve transparency and minimize risk, we are placing our equity market trades through an online trade routing system, which allows monitoring and execution of orders.

This system enables us to execute orders with minimum intervention from brokers which, in turn, helps in risk mitigation. The Global Markets Group also handles the foreign exchange business of your Bank, providing solutions to customers for do anyone make money selling books on amazon or ebay amazon.com and the internet their currency flows and hedging risks through options, swaps and forwards.

Treasury Marketing Group is the customer engagement arm of Global Markets and plays a pivotal role in marketing of Treasury Products to Institutional and Corporate clients of the Bank. They interact with the customers on a daily basis, identifying their felt and unfelt needs, and coordinate with other business units for pricing, product structuring and delivery.

They are supported by our in house macroeconomic and market research teams. Your Bank has also taken steps to leverage technology to reduce cost and add value to the customers. The fund invested in infrastructure assets viz. Airport, Thermal Power, Hydro power and NHAI road assets.

Fund is in exit phase and has recently exited from two road assets. The Oman India Joint Investment Fund OIJIFa JV set up in in partnership with State General Reserve Fund of Binary options brokers payout, has completed its investments for Fund-I of US0 million. Moreover, the Fund has made 2 full exits and 1 partial exit from the investee companies.

Accordingly, first close of Fund-II with USD million was achieved in January Fund raising for the remaining amount is in progress and the JV is pitching to various domestic as well overseas investors. In the area of liquidity management, we continue to save costs through efficient management of CRR le meilleur forex en ligne compared to the industry average.

But after that, the index corrected by more than points with demonetization and the results of the US presidential elections leading to a selloff by FPIs, who withdrew more than Rs,27, crore from the equity markets between November and January. But investors returned in the last two months of the fiscal year in a big way, with NIFTY ending the year atas FPIs added close to Rs,31, crore in February and March Your Bank managed its equity portfolio well to earn an YTD return of In addition to the investments in secondary market, we continue to invest profitably in IPOs to improve the return on our portfolio.

Your Bank picked up a 9. RXIL operates the Trade Receivables e-Discounting System TReDS which is an online electronic platform that serves as an exchange to facilitate MSMEs to convert their receivables to cash, before maturity. The platform supports multi-financier bidding for invoices through market determined rates for factoring the invoices.

Your Bank is also the largest fund manager in the country. Portfolio Management Services, which manages the pension and provident funds of clients, increased its AUM by an impressive We were also ranked the no 1 fund manager by Coal Mines Provident Fund Organization CMPFO for December quarter out of a total of 3 fund managers. HUMAN RESOURCE AND TRAINING. IV SUPPORT AND CONTROL OPERATION. Your Bank witnessed various challenges during the year but remained on a growth path by transforming itself.

This was made possible by the entire bank being guided by a common vision, shared values, and following high standards of integrity and governance. The powerful performance of your Bank is the outcome of a talented and day trading the e mini s&p set of employees, constantly motivated towards driving your Bank's success.

The HR policy of your Bank is constantly being synchronized to meet business goals, and increase employee empowerment. Your Bank is committed to provide pengertian volume forex enabling workplace, ensuring employee welfare and offering opportunities to develop and grow. The Summarized HR Profile of the Bank is as under: The total staff strength of the Bank is as under: With the growing scale, your Bank ensures adherence to the core desire petroleum london stock exchange of inclusiveness and gender equality.

Your Bank employs over 46, women employees across geographies and at different levels of hierarchy. Nearly 2, branches are being headed by women officers. Your bank has laid utmost emphasis to ensure a healthy and conducive work environment for its women employees.

Your Bank's HR vision 5 dollar binary option with mt4 been built around principles of inclusiveness, empowerment and development. Its people are its strength and your Bank is proud of its performance oriented and meritocratic culture.

Your Bank's Career Development System CDS has been highly successful in ensuring a credible, data backed and performance evaluation process. The system ensures strong accountability, performance visibility, and greater alignment between individual and organization goals. Besides bringing fair and transparent assessment, CDS also drives employee development through a thorough competency assessment every year. For a bank with a large footprint and diversified set of roles, specialization of skills becomes very important to drive success.

Based on officer's interest forex forum posting bonus sites 2014 expertise, they specialize and rotate within roles of any of these job families. To ensure optimum exposure and 'Right person for the Right job', your Bank is in the process of deploying a scientific postings allocation process through the use of our automated tool 'PROSPER'.

A strong and eminent leadership team, coupled with an engaged and enthusiastic young talent group has been a strong force in driving your Bank's success. Your Bank is focused on developing processes to attract the options trading forexfactory talent within the country.

It has revamped the recruitment process and developed a stronger employee value proposition to attract better talent. Opportunities of overseas exposures at junior levels has been introduced for attracting newer talents to come on board. The recruitment strategy is strongly being hong kong stock exchange volume by campus re-branding activities, greater engagement through recruitment portals and digital marketing plans.

In FY, Your bank added 13, young tech savvy and customer friendly employees. The list includes over POs, Management Trainees, over domain experts in wealth management, Digital and e-Commerce and clerical employees. It has been the constant endeavor of your Bank to adopt best in-class industry practices and processes in people management. Few key recent interventions undertaken by your Bank are mentioned below: Separate 'Reward and Recognition' scheme was introduced to appreciate achievements beyond normal course of business.

Your Bank maintains a zero tolerance policy against sexual harassment at workplace and has put in place an appropriate mechanism for prevention as well as redressal of complaints.

The affirmative action as directed by Stock market bell sound effect is taken care of during the recruitment as well as promotion process. Out of 21 cases of sexual harassment reported during the year, 15 have been disposed off. Furthermore, your Bank provides reservations, as per GoI directives, for Scheduled Castes, Scheduled Tribes and Other Backward Classes in its workforce.

It therefore, has a share of SC, ST, OBC and differently-abled persons, amongst all cadres in the work force. This is an employee friendly measure to help them balance personal and professional aspirations. Your Bank is in the process of introducing 'Smart Compensation Package' for officers up to Scale III from FY onwards. People development is at the heart of your Bank's agenda. It offers a slew of learning interventions not only at each stage of the employee lifecycle, but also specialist programs according to the nature and role of the employee's function.

Such focused learning interventions, aimed at enhancing the technical and managerial competencies, have not only helped groom managers in their current role, but are also focused on their evolution as future leaders and visionaries of your Bank.

Furthermore, your Bank is in the process of designing individual development plans for each of its potential leaders to empower and enable them in their growth path. Your Bank has a strong focus on industrial relations. It holds consultative meetings with Associations and Unions as a part of having a constructive dialogue for understanding and addressing grievances of various employees.

These consultations are regularly carried out at Corporate Centre, as well as the Circles. Various issues raised by federations are examined and necessary action is undertaken. Towards the objective of maintaining the brand of an enduring value creator and a great place to work, your Bank continues a planned, proactive training process for individual growth and organizational effectiveness.

New techniques and methodologies are adopted and imported on a regular basis from across the globe to establish a virtuous circle of teach and learn to enhance quality of training and transform employees into knowledge workers so that they can carry forward our initiatives towards creating customer delight. The training system functions under the overall supervision and guidance of the STU. The training apparatus at present consists of five Apex Training Institutes ATIs and 43 State Bank Learning Centers.

Your Bank has been able to create a virtual Knowledge university within the institution, with a capacity of classroom training of 3, employees per day in all areas of Banking, Economy, Leadership, Ethics, Marketing, Administration and Soft Skills, in addition to a robust digital learning platform. It is creating links and providing training support to neighboring countries and in the Middle East.

A specially designed mass-communication programme named 'Agradoot' was organized country wide for subordinate staff including Bank guards to focus on the relevance and importance of their role in your Bank; and motivating them towards enhanced customer service. Around 32, members of subordinate staff were trained and many of them expressed it was for the first time in their careers that they felt highly cared for.

Certification Programme on Credit: It focuses on the commercial credit skills required to handle the entire loan life cycle of Advances.

Certification Programme for Branch Managers CPBM: The initiative of Branch Mentoring by Top Executives has a renewed focus on inclusive mentoring with qualitative impact on the branches which are facing issues like customer complaints, NPA and IR etc. Each mentor is engaged with only two branches identified by the Circle. A 'Mega Quiz' spread over four levels is also organized at the corporate level. Your Bank's training footprint is getting inclusive and global.

Your Bank has opened up its training system to other outside institutions including Public and Private Sector Bank officers and other Government Departments. Contribution to Nation Building: Your Bank's training system contributes in many ways towards nation building. Your Bank also trained personnel for various payment Banks, which are recent additions to India's financial landscape.

An Application has been created to serve as a dashboard for tracking and monitoring the progress of newly joined PO's and TO's. This can be used for broadcasting inspiring quotes and videos, announcements, lesson completion status, trainings attended and various other requirements for the entire period of probation. A state-of-the-art video lab has been established, wherein video lessons of your Bank's faculty on various subjects will be recorded.

The lab will also be used for digital storage of photographs and videos of important training events across the country, with the aim of creating in-house audiovisual content for training.

The website of the Strategic Training Unit has been completely revamped. It is now the epicenter, where all learning materials are accessible by all Apex Training Institutes and SBLCs at one place via the Intranet.

Feedback for External Trainings: A web based application for providing feedback by officials attending external trainings has been developed and rolled out. An Inclusion Centre for differently-abled employees is operational with an objective to enable financial inclusion, training, empowerment and up gradation of skills of people with different abilities in a systematic way. Training Challenge of Merger: On the face of stiff challenge to train large number of employees of five Associate Banks and Bhartiya Mahila Bank on the products and processes of SBI within the quickest possible time, your Bank has geared up the training machinery with various special programmes designed and scheduled.

Twelve Training establishments of Associate Banks will come into the fold of SBI from day one of merger. State Bank Institute of Management SBIM Kolkata: The new 'Centre of Excellence' will become operational in the second quarter of FY Your Bank is the humble recipient of the following awards for its training initiatives: As a mark of outstanding performance in the area of training to its employees 'State Bank of India' has been declared as the Winner of 'Golden Peacock National Training Award' for the year in the sector of financial services Banking.

Awarded for Empowerment of Persons with Different Abilities in the sub-category Best Employer by Government of India, Ministry of Social Justice and Empowerment. Your Bank constantly strives to achieve quality standards for its Learning Centres in terms of training resources, infrastructure and academic activities. All the five Apex Training Institutes ATIs and 40 SBLCs out of 43 are accredited with certification, of which 13 SBLCs were accredited during FY State Bank of India is a strong proponent of leveraging information technology to deliver convenience to its customers.

Your Bank has been offering innovative and cutting-edge products to its customers with the objective of enabling banking transactions at anytime and from anywhere. Your Bank's technology strategy has evolved in tune with the current consumer trends of social collaboration, mobility, cloud-based platforms and big data analytics. Digitization and excellence in operations has been core to your Bank's strategy in providing convenience to customers. It has resulted in a reduction in turnaround time and extended benefits to your Bank's customers.

The Corporate Internet Banking CINB is well suited to Small, Medium and Large Corporate. Merchant-acquisition is facilitated through aggregators. This cost-effective channel has enabled more than crore transactions during FY, achieving Your Bank's robust Retail Internet Banking RINB platform has also been optimized for visually impaired customers following WCAG Web Content Accessibility Guidelines.

Internet Banking Users No. During FY, your Bank has continued to be a major player in the e-Commerce space in the country. Your Bank has facilitated more than 37 crore e-Commerce transactions up to 31st March Some of the new features launched in Net Banking during FY are as follows: Your Bank is using analytics extensively to maximize operating efficiency.

Predictive analytics and customer segmentation are used with the objective of enhancing customer revenues through cross-selling and up-selling. Risk Analytics is used both for appraisal of fresh applications and for ongoing monitoring of the loan portfolio. Analytics is also used to improve ATM, network availability and performance, to fine tune target setting for and performance tracking of the Bank's employees, and to optimize deployment of capital against revenue opportunities.

Analytics-driven, pre-qualified lending programs launched in have generated significant business, while reducing cost of acquisition. Digital Inspection Application DIA. Tab Apps for recording the pre-sanction and post-sanction inspections of the customers is available for seven products. DIA is integrated with LOS, CBS and HRMS where the customer data is pre-populated and field staff needs to capture the photographs of borrowers, collateral, factory, stock and others with date, time and geo-coordinates.

The inspection reports are automatically mailed to the field staff in their EMS mail address. The Application also has auto reminders for upcoming post-sanction inspections, stock and insurance expiry dates.

DIA - Lite Version for Mobiles and Desktop. The Digital Inspection App Lite version for SME and Agri are available for mobile phones. Field officers can capture the photographs with date, time and geo-coordinates using the Mobile App and then continue the data entry for inspection in the desktop site.

All features provided in the tab are available in the desktop site. SBI Workspace Business Challenge. In order to prevent unauthorized access to data on mobile device, your Bank decided to set up an Enterprise Mobility Management EMM infrastructure to facilitate Bring Your Own Device BYOD through SBI Workspace. This solution provides a cost efficient way of delivering applications on mobile devices, providing data security and flexibility of operations to the end users.

It protects mobile devices such as smart phones and tablets used by Bank officials from malicious software, hackers, data leakage, and unauthorized access. It also provides secure and controlled access to Bank's intranet websites, apps, e-mails and files, among others. Project CBS Roopantar was implemented during the year to deliver faster customer service. Your Bank's social media presence was established in November In a short span of 3. Your Bank has been consistently ranked number one globally among Top Banks using Social Media by The Financial Brand in their list of 'Power Ranks'.

We have adopted an aggressive social media strategy, which has strengthened our foothold in the social space not just in the Indian market but on a global scale as well. Your Bank boasts of having the highest fan-base on Facebook globally, among banks.

It also leads the chart on LinkedIn and Interest among Indian banks. SBI's Face book Page was launched on 7th November, Today it is the most popular page amongst all Indian Banks with more than 10 million followers.

Your Bank has leveraged this platform to promote its latest products and services and provided responses to the innumerable comments received on this platform. Keeping in view the young customers of the Bank, your Bank has also launched SBI Mingle - the Social Media Banking Platform which offers a host of banking services on Social Media. Services like account enquiries, cheque book request, SMS alert registration and fund transfer including P2P transfer is available through the platform.

Your Bank's YouTube channel leads all Indian banks in terms of subscriber base. It uploaded more than videos that have garnered over 40 million views and has over 44, subscribers, indicating appreciation by the digital users.

Your Banks has figured in Twitter advertising index for 6 weeks in a row. The Instagram handle also garnered more than 2. In the current financial year, your Bank also launched its presence on Quora. Processing and Management IDSPM. This is best of class in the industry.

This has significantly reduced time taken for generation of reports and updating of dashboards. On the Big Data front, in order to cater to the ever-increasing volume and types of data, your Bank is in the process of setting up of a data lake.

This will facilitate faster processing of large volume of structured and unstructured data and perform advanced analytics with a view to gain insights for business decision and development of new products.

Your Banks has put in place a Project Management Office which created a seamless process through which business requirements came to IT in a standard and structured manner. Projects are planned in a standard manner considering elements such as Schedule management, RAID, stakeholder management and Interface Management.

These customized processes are implemented through a workflow based toolset. All the project managers in GITC are given hands on training. A majority of business users are also given training on these tools. Senior management fully supported the uptake of these capabilities. A comprehensive set of dashboards are designed for business and IT leaders to provide insight into project performance.

Customer Relationship Management CRM as a concept has always been integral to the customer centric vision of your Bank. It has always been a pioneer in implementing new age solutions to enhance the customer experience and increase the moments of customer delight. Your Bank has also been a forerunner in catering to the need of the customers in this digital age.

In the context of the present 'Always-on-Always-Connected' day and age, your Bank's customers demand and deserve a consistent, high quality service experience, across all interaction points - at the branch, online, over the phone or at any of the self-service stations. Towards that end, the Bank is implementing a robust full featured CRM system to deliver efficient and seamless high quality customer experience.

Apart from increased cross-sell and up-sell capabilities, reduced turn-around-time, Customer 0 view, automated and streamlined processes, improved reporting and effective decision making would be some of the key benefits of the CRM system. In a constant Endeavour to improve technology to enhance customer satisfaction and convenience, ATM channel during the year made several technology advancements which includes the following: ATM, INB, IVRS, SMS.

The receiver can withdraw the money through an ATM without using a debit card. Payment System Group Prepaid Cards: Your Bank issues Prepaid Cards in both Indian and Foreign Currency. Different variants of INR Prepaid cards such as EzPay cards, Gift cards, Smart Payout cards, Quick Pay Cards, Imprest Cards and Achiever Cards, among others are issued to individual and corporate customers. State Bank Foreign Travel Cards are available in eight foreign currencies namely the Japanese yen, the Canadian dollar, the Australian dollar, the Saudi riyal, the Singapore dollar, the U.

In FYyour Bank issued over 32, foreign travel cards and 3,68, INR prepaid cards. Funds Transfer and Settlement. Your Bank offers Real Time Gross Settlement 'RTGS'National Electronic Fund Transfer 'NEFT' and National Electronic Clearing Service 'NECS' fund transfer facilities for qualifying transactions at its branches as well as through internet banking.

In addition, NEFT is offered through your Bank's mobile banking services. NEFT and RTGS continue to be the most cost effective and time efficient modes for remittance.

The volume number of outward fund transfers through NEFT during FY were Bank has established itself as a leader in NEFT, with a market share of In RTGS, Bank maintained a market share on NEFT fund transfer transactions through your Bank's mobile banking service have also increased significantly in recent years.

Being the largest and the most trusted bank for over million customers in India, your Bank continues to be a key driver with its bouquet of technology-driven solutions to spearhead banking and financial participation in India. Your Bank continues to modernize its IT architecture; by optimizing and modernizing the IT landscape with a view to increase efficiency and improve control.

It also brings apart from a positive change in the working culture of the Bank and sets it at par with the most modern global banks. Your Bank's capabilities are driven by a cutting edge cognitive infrastructure capable of understanding customer needs accurately and satisfying the same in the preferred manner. In the delivery of the digital transformation, for the first time in its history, your Bank has adopted agile methodology with a design thinking approach, to address the business needs through this initiative.

Market recognition of these transformational aspects in technology has been recognized globally resulting in several rewards and accolades by prestigious industry bodies. List of IT - Awards received during FY IDRBT Banking Technology Excellence Awards for the year CSI IT Innovation and Excellence Awards Best Bank in terms of Big Data Analytics implementation.

EMI for e-Commerce, SBI Mingle. EMI for e-commerce, Automation of Credit Risk related tranche. IBA Banking Technology Awards Best Technology Bank of the year.

Best Financial Inclusion Initiatives Runner-up. Best Financial Inclusion Initiatives Runner-up. Netapp Innovation Award Innovative Use of Data Storage, Green IT. NPCI - National Payments Excellence Award. Special Recognition Award for winning in all categories. List of Awards received for BEST CIO, FY CIO by IDG Media Pvt. BFSI IT Leadership Award CSI IT Innovation and Excellence.

Hosted by UBS Transformance. Life Time Achiever Award. Risk Management at your Bank includes risk identification, risk assessment, risk measurement and risk mitigation and its main objective is to minimize negative impact on profitability and capital.

Your Bank is exposed to various risks that are an inherent part of any banking business. The major risks are credit risk, market risk, liquidity risk and operational risk which includes IT risk. Your Bank has policies and procedures in place to measure, assess, monitor and manage these risks systematically across all its portfolios.

Your Bank is amongst the leaders to undertake implementation of the Advanced Approaches under Credit, Market and Operational risk. Your Bank has also undertaken the Enterprise and Group Risk Management Projects, which aim to adopt global best practices.

The projects are being implemented with support from external consultants. RBI Guidelines on Basel III Capital Regulations have been implemented and your Bank is adequately capitalized as per the current requirements under Basel III. An independent Risk Governance Structure, in line with international best practices, has been put in place, in the context of separation of duties and ensuring independence of Risk Measurement, Monitoring and Control functions.

This framework visualizes empowerment of Business Units at the operating level, with technology being the key driver, enabling identification and management of risk at the place of origination. The various risks across Bank and the SBI Group are monitored and reviewed through the Executive level committees and the Risk Management Committee of the Board RMCB which meets regularly.

Risk Management Committees at Operational unit and Business unit level are also in place. Credit Risk is defined as the possibility of losses associated with the diminution in the credit quality of borrowers or counter-parties from outright default or from reduction in portfolio value.

Credit Risk emanates from a bank's dealings with an individual, non-corporate, corporate, Bank, financial institution or sovereign. Your bank has put in strong credit appraisal and risk management frameworks in place for identification, measurement, monitoring and control of the risks in credit exposures.

Risks in these sectors are monitored continuously and wherever warranted, the industries concerned are reviewed immediately. Impact of events like BREXIT, demonetization, telecom tariff war, falling prices of power and the upheaval in commodity prices to name a few, were analyzed and appropriate responses to these situations were strategized by your Bank to mitigate possible risks.

Exposure to sensitive sectors like Real Estate are reviewed at regular intervals. Knowledge sharing sessions are conducted for the benefit of the Top Executives and for the operating staff.

Credit rating thresholds for each industry are decided on the basis of the outlook. Your Bank uses various internal Credit Risk Assessment Models and scorecards for assessing borrower wise credit risk. Models for internal credit ratings of the borrowers have been developed in-house.

They are reviewed through cycles of comprehensive validation and back testing frameworks. Models developed by the Bank are hosted on these platform which are interfaced with CIBIL and RBI defaulters lists.

In order to focus on capital conservation and maximization of return on capital, your Bank has introduced Risk Based Budgeting RBB. Reduction in risk and return on capital is measured based on Return on Credit Risk Capital RoCrC. Achievement of the budgeted advances level are subject to scrutiny under the specified levers. Risk Adjusted Return on Capital RAROC framework has been implemented from FY The Customer level RAROC calculation has also been digitized.

Further behavioral models for monitoring and scoring the retail borrower performance have been developed and hosted on Credit Risk Data Mart. Your Bank has put improved mechanism in place to manage Credit Concentration Risk, by way of introduction of risk sensitive Internal Prudential Exposure Limits framework for single as well as group borrowers.

These limits are fixed on the basis of the internal risk rating of the borrower. This framework is one step ahead of the regulatory prescription of Prudential Exposure norms, which is 'one size fits all' in nature. These exposure norms are monitored regularly at a defined periodicity. Your Bank conducts Stress Tests every half year on its Credit portfolio. Stress Scenarios are regularly updated in line with RBI guidelines, industry best practices and changes in macro economic variables.

RBI has allowed your Bank to participate in the parallel run process for Foundation Internal Ratings Based FIRB under the Advanced Approaches for Credit Risk. The data under parallel run of FIRB is being submitted to RBI. Models for estimation of Probability of Default PDLoss Given Default LGD and Exposure at Default EAD are hosted in Credit Risk Data mart for computation of IRB capital.

Independent Risk Advisory IRA is a new initiative launched by your Bank in its efforts to strengthen Credit Risk Management. Medium and High value credit proposals are examined by the Independent Risk Advisory department. Market Risk is the possibility of loss that Bank may suffer on account of change in value of its trading portfolio, on account of market variables such as exchange rate, interest rate and equity price, among others.

Your Bank's market risk management consists of identification and measurement of risks, control measures, monitoring and reporting systems. Market risks are controlled through various risk limits, such as Net Overnight Open Position, Modified Duration, PV01, Stop Loss, Upper Management Action Trigger, Lower Management Action Trigger, Concentration and Exposure Limits. Your Bank has Asset class wise risk limits for its trading portfolio and monitors the same on an ongoing basis.

Currently, market risk capital is computed under the Standardized Measurement Method SMM. Your Bank has submitted Letter of Intent to the Reserve Bank of India for migration to Internal Models Approach IMA under the Advanced Approaches for market risk. Value at Risk VaR is a tool used for monitoring risk in your Bank's trading portfolio.

Enterprise level VaR of the bank is calculated on a daily basis and also back tested daily. The Stressed VaR for market risk is also computed on a daily basis. The VaR methodology is supplemented by conducting quarterly stress tests of the trading portfolio.

Operational Risk is the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. RBI has granted In-Principle approval to your Bank on a solo basis to migrate to AMA Advanced Measurement Approach for computation of operational risk capital charge on Parallel Run basis.

For FYBank on a stand-alone basis, had assigned capital for Operational Risk as per Basic Indicator Approach BIA. Capital charge as per AMA has also been calculated as part of Parallel Run. Your Bank celebrated Risk Awareness Day on 1st September. Risk culture is being embedded through training staff at all levels through e-learning lessons. Enterprise Risk Management aims to put in place a comprehensive framework to manage various risks and alignment of Risk with Strategy at the whole Bank level.

It encompasses global best practices such as Risk Appetite, Material Risk Assessment and Risk Aggregation, among others. As part of your Bank's vision to transform the role of Risk into a Strategic function, a Board approved Enterprise Risk Management ERM Policy is place.

Your Bank is currently implementing Material Risk Assessment by identifying risks material to the organization, measuring the levels of risks and aggregating the same to provide an enterprise level risk profile. Your Bank conducts a comprehensive Internal Capital Adequacy Assessment Process ICAAP exercise on a yearly basis with respect to adequacy of Capital under normal and stressed conditions.

The Pillar 2 risks, such as Liquidity Risk, Interest Rate Risk in Banking Book IRRBBConcentration Risk and others along with the Pillar 1 risks such as Credit, Market and Operational risks are covered inder ICAAP. Group Risk Management aims to put in place standardized risk management processes in Group entities. Policies relating to Group Risk Management, Group Liquidity and Contingency Funding Plan CFPArms Length and Intra Group Transactions and Exposures are in place. Monitoring of consolidated Prudential Exposures and Group Risk components is also being done regularly.

The Group Internal Capital Adequacy Assessment Process Group ICAAP document includes an assessment of identified risks by Group entities, internal controls and mitigation measures, and capital assessment, under normal and stressed conditions. Your Bank has been identified as D-SIB by the Regulator and has to keep additional Common Equity Tier 1 CET1 0.

Your Bank has also started maintaining CCB in a phased manner and will reach 2. Your Bank is fully equipped to comply with all regulatory norms with reasonable cushion over the minimum regulatory capital requirement.

Your Banks' internal audit function independently evaluates the adherence to internal processes and procedures. The internal audit function also undertakes a comprehensive risk based audit of all operating units of your Bank in line with regulatory guidelines relating to Risk Based Supervision.

Keeping pace with the rapid digitization, your Bank has initiated technology driven intervention in conducting various audits and moving towards automation in your Bank's audit processes. Some key initiatives include the following: Your Bank has in-built internal control systems with well-defined responsibilities at each level.

Your Bank carries out mainly two streams of audits - Risk Focused Internal Audit RFIA and Management Audit, covering different facets of Internal Audit requirement. Your Bank's accounting units are subjected to RFIA. The Bank's Management Audit covers administrative offices and examines policies and procedures, besides quality of execution thereof.

Also, to verify the level of rectification of irregularities by the branches, Compliance Audit is conducted at select branches. Risk Focused Internal Audit RFIA. The domestic branches have been broadly segregated into three groups Group I, II and IIIon the basis of business profile and risk exposures.

During FY, audited units were covered, under FEMA Audit. Credit Audit aims at achieving continuous improvement in the quality of Commercial Credit portfolio of the Bank, through critically examining individual large commercial loans with exposures of Rs, 10 crore and above annually.

High Risk Accounts with exposure of Rs, crore and above are reviewed at half-yearly intervals. The Credit Audit System also provides feedback to the Business Units, by way of warning signals, about the quality of advance portfolio in the unit and suggests remedial measures. Loan Review Mechanism LRM. LRM has been integrated with LLMS for online review, submission of ATR and monitoring by controllers. Early Sanction Review ESR. Early Sanction Review ESR was introduced to review sanctions of more than Rs, 50 lakh up to Rs, 5 crore, to capture the critical risks in the proposals sanctioned at an early stage and apprise the controllers of such risks, for mitigation thereof.

Information System Audit IS Audit. All Branches are subjected to Information System IS Audit to assess the IT related risks, as part of RFIA of the branch. During the FY, IS Audits of 32 centralized IT establishments were conducted. Foreign Offices Audit - Home Office Audit. Concurrent Audit system is essentially a control process, integral to the establishment of sound internal accounting functions and effective controls.

Concurrent Audit covers your Bank's Advances and other risk exposures as prescribed by the regulatory authority. Concurrent Audit System has been revamped by introducing a web-based solution and made more efficient. Off-site Transaction Monitoring System OTMS.

Off-Site Transaction Monitoring System OTMSa web based solution, was introduced, to further strengthen the transaction audit, to capture the deviations without much loss of time and take corrective actions, through continuous offsite monitoring.

Exception data is being generated by Data Warehouse DWbased on certain business rules and monitored continuously. At Present, 27 types of exceptions are being monitored and flagged to the branches for verification by them. The exceptions are periodically reviewed and enlarged, depending upon the need and certain triggers. Legal Audit was rolled out in all the Business Verticals into cover all loan and Mortgage related documents of high value loans of Rs,5 crore and above.

As on 31st MarchLegal Audit has been completed in 9, accounts. Audit of Outsourced Activities. A fully fledged Department has been set up under GM CAUto oversee the Audit of Outsourced Activities of your Bank. Your Bank has been ascribing highest level of importance to Compliance risk management and has taken number of initiatives to strengthen compliance function keeping in view the scale and complexities of business operations.

Some key initiatives are: This will help your Bank in improving the level of compliance. The committee meets regularly and extends necessary guidance to the all concerned in smooth implementation of Risk Based Supervision RBS. Feedbacks are also given to various stakeholders to improve control mechanisms and also to design new ones wherever warranted.

For creating awareness of KYC Compliance amongst all staff, e-lessons have been made mandatory for all Staff members. Online quiz is being conducted across your Bank to actively involve the Staff. AML-CFT Day is being observed on 2nd November every year. Similarly 1st August is observed as KYC Compliance and Fraud Prevention day. Your bank made concerted efforts to promote Official Language Hindi and other Indian languages in the Bank.

The key highlights are given below: Learning of Regional Languages through Hindi. The Government of India expects that staff of the banks should have knowledge of local language so that they can connect with the customers in their language and provide them better customer service. In order to meet this expectation, Official Language Departments at Circles brought out following publications to make their staff conversant with local language through Hindi medium: Observance of World Hindi Day.

World Hindi Day was observed on 10th January in all the foreign offices of your Bank with the objective of creating favorable environment for the progressive use of Hindi and to motivate and encourage staff members to do their work in Hindi as required in Annual Programme. To mark the occasion, different competitions and activities were held on this day. A list of some of the competitions and activities conducted are given below: All India Online Hindi Quiz Competition.

An all India Online Hindi Quiz Competition for the staff of your Bank was conducted during the months of August and September. Over 13, staff members participated in the competition. This competition was organized on the newly developed website of OL Dept. During this period, number of hits made on it crossed 1,20, mark. Rajbhasha Fortnight observed in all the 3 linguistic regions. During the year Rajbhasha Fortnight was celebrated in your Bank in all the three regions i. Arundhati Bhattacharya was recorded on the eve of Hindi Day - 14th September and was broadcasted for to all the staff members.

Felicitation of Shri Prasoon Joshi. State Bank of India felicitates eminent personalities who have given valuable contribution to enrich Hindi language and literature. The Chairman of your Bank Smt. Arundhati Bhattacharya felicitated renowned Hindi writer, poet, lyricist and Ad Guru Shri Prasoon Joshi during FY Shields to circles for excellence in use of Hindi.

Corporate Centre awarded shields and certificates to circles in linguistic region 'A', 'B' and 'C' East and South for excellence in implementation of Official Language Policy.

During the year, New Delhi, Ahmadabad, Kolkata and Hyderabad circle bagged first place and Luck now, Mumbai, Bhubaneswar and Bengaluru circle lifted the runners up shield respectively. Inspection by Committee of Parliament on OL. The Committee of Parliament on Official Language inspected your Bank's Corporate Centre, Sansad Bhavan branch and RBO, Udaipur during the year.

Your Bank efficiently coordinated with the Committee members and also ensured effective implementation of the recommendations. An appreciation letter from the Convener of the Committee addressing your Bank's Honorable Chairman was received for excellence in arrangements made during the inspection. A bilingual Compendium of Important Guidelines for Top Executives for inspection of Committee of Parliament on Official Language was brought out during the year and uploaded on Rajbhasha Department Website on State Bank Times.

Your Bank's Chairman Smt. Arundhati Bhatacharya was conferred with Rajbhasha Ratna Award for the year by the renowned literary-social-cultural organisation 'Aashirwad'. Town level Official Language Implementation Committees were formulated under your Bank's leadership got prizes for best performance.

These shields were conferred by Honorable Governors of respective states. Your Bank's Hindi in house journal 'Prayas' was also adjudged among best magazines by the Reserve Bank of India. Besides, even conventional products have been put to test by way of smart and increased marketing initiatives by leading public and private sector banks. With this intent your Bank's management appointed a Chief Marketing Officer CMO in March The department has started work on all business groups and other functions of your Bank.

Some key successful initiatives rolled out by the department during FY include the Hope Loans Campaign - a novel concept to support NGOs working in different areas of social work whilst promoting the Bank's asset products viz Home, Auto and Personal Loans. Through this initiative, your Bank could give away ' 3.

Besides this, another major campaign was rolled out to address the opportunity on the back of demonetization scenario the country witnessed in the 3rd quarter. The campaign titled cashkiaadatbadlo has been received reasonably well, the success of which is evidenced in highest ever number of transactions of debit cards, downloads of e-wallet State Bank Buddy and SBI Pay, the UPI digital payments solution.

Besides these campaigns, it has been overwhelming for the Bank to receive positive feedback, especially from customers and staff about the fresh approach to its advertising execution. Going forward, besides working on other marketing initiatives, especially in the area of digital marketing, your Bank hopes to leverage the might of State Bank Group to strengthen its marketing thrust to stay relevant and competitive given the evolving and dynamic financial services industry landscape.

At your Bank, there are three aspects to the vigilance function - Preventive, Punitive and Participative. During this year, Vigilance Awareness Week was observed from 31st October to 5th Novemberwith the theme 'Public participation in promoting integrity and eradicating corruption'.

As a part of observance of Vigilance Awareness Week, 'Integrity Pledge' has been administered to staff and the public at large. Further, SBI as a Corporate has also undertaken the Integrity Pledge. To create awareness, Gram Sabhas have been organized and Integrity Pledge has been administered at these Sabhas also. The concept of Whistleblower is another effective tool for Preventive Vigilance. To highlight any malpractices, under Whistle Blower Scheme, a portal has been launched by the Bank.

Whistle Blower can lodge a complaint online and also monitor the progress made in this regard. There is already a well-defined Whistle Blower policy in your Bank, which acts as a deterrent for the employees to keep themselves away from malicious activities. We keep the secrecy of the whistleblower and give protection to them so that they continue to be an effective tool against wrongdoings without fear.

Branches, where certain lapses of grave nature are observed, are identified and Suo-motu investigations are conducted so that possible fraudulent activities could be checked and remedial measures are undertaken. During FY, a total of cases new cases were taken up for examination, out of which cases have since been concluded. ALM practices require specialized knowledge and skill to efficiently handle dynamic and evolving challenges in the financial sector. While the ALM Management of your Bank is guided by Regulatory guidelines, your Bank is in the forefront in developing effective management models in the domain of ALM by bringing in the best global practices.

ALCO, inter alia, reviews the Interest Rate scenarios, pattern of growth of liability products, credit growth and liquidity management and approves appropriate pricing of Bank's products. In terms of regulatory requirements, your Bank has moved to Marginal Cost of Funds based Lending Rates MCLR with effect from 1st April These behavioral studies encompass the embedded options available to customers, off-balance sheet exposures, impact of probable loan losses etc.

In line with the regulatory requirements, the Liquidity Risk Management approach is built on the premise of ensuring optimal liquidity position and avoiding concentration of funding.