The evolution of the State Bank of India

The evolution of the State Bank of India

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aNbsp; Playing A Part In The Story Is A Cast Of Bankers Who Left Their Imprint On The BankaRsquo;S Policies, Practices And Character, Among Them A Series Of Remarkable Chairmen, Not To Speak Of The Hundreds Of Dedicated Officers And Other Employees Who Helped Establish The BankaRsquo;S Pre-Eminence And Provide Leadership To The Banking System. aNbsp; The State Bank Of India Act Received The PresidentaRsquo;S Assent On 8 May 1955, And On 1 July, Moving With Remarkable Swiftness, The New Bank Came Into Being. The Purpose Was To Create An Institution That Would Form An Essential Part Of The CountryaRsquo;S Plans For Modernization, Envisaged In The Era Of Economic Planning. The Bank Would Have Its Roots Firmly Planted In The Countryside Through A Network Of Branches That Spanned The CountryaRsquo;S Farthest Corners, And Play A Major Role In National Development. In Volume 4 Of The Evolution Of The State Bank Of India We Are Taken Into The Heart Of The Entire Exercise, Ranging From The Organizational Issues Posed By A Rapidly Expanding Network Of Branches Running Into The Thousands To Those Of Motivating A Huge Workforce, Besides The Problems Of Venturing Into Areas Of BankingaMdash;Such As Development Banking Geared To The Needs Of The Artisan And The FarmeraMdash;That Had Not Been Tried Before.months but not exceeding five years to provide medium-term credit to exporters:9 (iii) liberalizing the scheme further in 1964 by ... In 1968, on the basis of a report submitted by a Japanese consultant invited to study the export credit problems in India, the rBI initiated ... a package of personalized services in the areas of trade, information, research and analysis, merchandising and export production andanbsp;...

Title:The evolution of the State Bank of India
Author:Abhik Ray
Publisher:Penguin Books India - 2009


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