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The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency operating under the ownership of the Ministry of Finance in the Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in ...
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
The then General Secretary of the association Mr. E.A. George Moses, founded the State Bank of India Officers Association Educational Trust in the year 1978 and established educational institutions for the benefit of the officers' children and later for serving the society. This service is given irrespective of caste, creed or colour.
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The chairperson of the State Bank of India is the chief executive officer of India's largest scheduled commercial bank and the ex-officio chair of its Central Board of Directors. Since its establishment in 1955 by the government of India , the State Bank of India has been headed by twenty-seven chairpersons.
The 2016 exam was held in 44 batches across 96 cities. [14] There were 3.8 million applicants, of which 1.48 million took the Tier 1 exam. 149,319 candidates passed Tier 1, [15] and 35,096 candidates passed Tier 2. [16] The final number of positions for the 2016 exam was estimated to be roughly 10,661. [17]
In 1960, the State Banks of India was given control of eight state-associated banks under the State Bank of India (Subsidiary Banks) Act, 1959. However the merger of these associated banks with SBI went into effect on 1 April 2017. In 1969, the Government of India nationalised 14 major private banks; one of the big banks was Bank of India.
It was established on 8 February 1941, as the Hyderabad State Bank. [1] From 1956 until 31 March 2017, it had been the largest associate bank of the SBI. After formation of Telangana in 2014, SBH was the lead bank of the newly created state. The State Bank of Hyderabad was merged with State Bank of India on 1 April 2017.