State Bank of India
State Bank of India (SBI) is an Indian multinational,
public sector banking and financial services company. It is a government-owned bank headquartered in Mumbai, Maharashtra. The company is ranked 217th on the Fortune Global 500 list of the world’s biggest corporations as of 2017. It is the largest bank in India with a 23% market share in assets, besides a share of one-fourth of the total loan and deposits market.
SBI has 18,354 branches in India.
Under the Pradhan Mantri Jan Dhan Yojana of financial inclusion launched by Government of India in August 2014, SBI has taken the lead role in mobilising accounts in rural India.
The bank have 191 overseas offices spread over 36 countries having the largest presence in foreign markets among Indian banks.
SBI operates several foreign subsidiaries and affiliates.
SIGN is running close to 400 Customer Service Points (CSPs) with State Bank of India in Bihar and Jharkhand and 70 in the state of Odisha.
Our functional responsibilities are to manage various financial and reputational risks for the ‘Low-value – High Volume’ transactions.
Utkal Grameen Bank
A Regional Rural Bank sponsored by State Bank of India (SBI) . The Bank operates in 17 districts of Western and Southern Odisha covering 57% of the total districts and 63% of the geographical area and 48% of the total population of the State as per 2001 census.
Out of 17 districts, the bank has appointed SIGN to set up CSPs in 9 districts. As of now 190 CSPs have been set up.
SIGN is in the process of talking to other Banks including one Small Finance Bank to set up CSPs in the Central and Eastern Region.