Which is the largest commercial bank of India?
Which is the largest commercial bank of India?
A commercial bank is a kind of financial organisation that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, etc. These banks are profit-making organisations and do business only to make a profit.
Functions of Commercial Bank
The functions of commercial banks are classified into two main categories
(a) Primary functions
- Accepts deposit
- Provides Loan and Advances
- Credit Cash
(b) Secondary functions
- Discounting bills of exchange
- Overdraft Facility
- Purchasing and Selling of the Securities
- Locker Facilities
- Paying and Gather the Credit – It uses different instruments like a promissory note, cheques, and bill of exchange
Largest commercial bank in India
State Bank of India is the largest commercial bank in India. The headquarters of this bank is situated in Mumbai, Maharashtra. The State Bank Of India is a public sector bank. It comprises of 16 regional hubs and 57 zonal offices that are located at important cities throughout India.
Former associate banks of State Bank of India
SBI has spread its control over seven banks since 1960. They were the major seven regional banks of former Indian princely states. They were renamed, prefixing them with ‘State Bank of’. These seven banks were
- State Bank of Bikaner and Jaipur (SBBJ)
- State Bank of Hyderabad (SBH)
- State Bank of Indore (SBN)
- State Bank of Mysore (SBM)
- State Bank of Patiala (SBP)
- State Bank of Saurashtra (SBS)
- State Bank of Travancore (SBT)
A commercial bank is a kind of financial organisation that carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, etc. These banks are profit-making organisations and do business only to make a profit.
Functions of Commercial Bank
The functions of commercial banks are classified into two main categories
(a) Primary functions
- Accepts deposit
- Provides Loan and Advances
- Credit Cash
(b) Secondary functions
- Discounting bills of exchange
- Overdraft Facility
- Purchasing and Selling of the Securities
- Locker Facilities
- Paying and Gather the Credit – It uses different instruments like a promissory note, cheques, and bill of exchange
Largest commercial bank in India
State Bank of India is the largest commercial bank in India. The headquarters of this bank is situated in Mumbai, Maharashtra. The State Bank Of India is a public sector bank. It comprises of 16 regional hubs and 57 zonal offices that are located at important cities throughout India.
Former associate banks of State Bank of India
SBI has spread its control over seven banks since 1960. They were the major seven regional banks of former Indian princely states. They were renamed, prefixing them with ‘State Bank of’. These seven banks were
- State Bank of Bikaner and Jaipur (SBBJ)
- State Bank of Hyderabad (SBH)
- State Bank of Indore (SBN)
- State Bank of Mysore (SBM)
- State Bank of Patiala (SBP)
- State Bank of Saurashtra (SBS)
- State Bank of Travancore (SBT)
