Buy SBI bank .... It will help Your Retire Early

Buy SBI bank .... It will help Your Retire Early




 SBI ......   State Bank of India
Trading at Rs 180 presently
52 week low at Rs 148
52 week high at Rs 315




A Brief




State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of 2014-15, it has assets of INR 20,48,080 crores and 16,333 branches, including 191 foreign offices spread across 36 countries, making it the largest banking and financial services company in India by assets.


State Bank of India is one of the Big Four banks of India, along with ICICI Bank, Bank of Baroda and Punjab National Bank.


The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding, in 1806, of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two "presidency banks" in British India, Bank of Calcutta and Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India. Government of India owned the Imperial Bank of India in 1955, with Reserve Bank of India (India's Central Bank) taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India.


State Bank of India is a regional banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.


 


Operations

SBI provides a range of banking products through its network of branches in India and overseas, including products aimed at non-resident Indians (NRIs). SBI has 14 regional hubs and 57 Zonal Offices that are located at important cities throughout India.

Domestic presence

SBI has nearly 16000 branches in India presently, of which 9,851 (66%) were in Rural and Semi-urban areas. In the financial year 2012-13, its revenue was INR 200,560 Crores (US$36.9 billion), out of which domestic operations contributed to 95.35% of revenue. Similarly, domestic operations contributed to 88.37% of total profits for the same financial year.

Under the Pradhan Mantri Jan Dhan Yojana of financial inclusion launched by Government in August 2014, SBI held 11,300 camps and opened over 30 lakhs accounts by September, which included 21.16 lakh accounts in rural areas and 8.8 lakh accounts in urban areas.

International presence 

The Israeli branch of the State Bank of India located in Ramat Gan.

As of 2014-15, the bank had 191 overseas offices spread over 36 countries having the largest presence in foreign markets among domestic banks.It has branches of the parent in Singapore, Moscow, Colombo, Dhaka, Frankfurt, Hong Kong, Tehran, Johannesburg, London, Los Angeles, Male in the Maldives, Muscat, Dubai, New York, Osaka, Sydney, and Tokyo. It has offshore banking units in the Bahamas and Bahrain, and representative offices in Myanmar , Bhutan and Cape Town.

SBI has full fledged Retail Banking in Singapore with 7 branches, 25 own ATM's and is also part of shared network of more than 230 ATM5.

SGD, USD and other FCY deposits, Home Loans for property in India and Singapore, Insurance , Investments, Trade Finance, Syndications, Corporate Credit, Remittances to India and in other major global currencies are offered by SBI Singapore.

The Canadian subsidiary, State Bank of India (Canada) also dates to 1982. It has seven branches, four in the Toronto area and three in the Vancouver area.

SBI operates several foreign subsidiaries or affiliates. In 1990, it established an offshore bank: State Bank of India (Mauritius). SBI (Mauritius) has 15 branches in major cities/towns of the country including Rodrigues.

State Bank of India Branch at Jaffna, Sri Lanka

SBI Sri Lanka now has three branches located in Colombo, Kandy and Jaffna. The Jaffna branch was opened on 9 September 2013. SBI Sri Lanka, the oldest bank in Sri Lanka, celebrated its 150th year in Sri Lanka on 1 July 2014.

State Bank of India (S.B.I.) Branch at Tsim Sha Tsui, Hong Kong

In 1982, the bank established a subsidiary, State Bank of India (California), which now has ten branches – nine branches in the state of California and one in Washington, D.C. The 10th branch was opened in Fremont, California on 28 March 2011. The other eight branches in California are located in Los Angeles, Artesia, San Jose, Canoga Park, Fresno, San Diego, Tustin and Bakersfield.

In Nigeria, SBI operates as INMB Bank. This bank began in 1981 as the Indo-Nigerian Merchant Bank and received permission in 2002 to commence retail banking. It now has five branches in Nigeria.

In Nepal, SBI owns 49% of SBI Nepal (State Bank in Nepal) share with Nepal Government owing the rest and SBI NEPAL has branches throughout the country in each and every city as banking has become the major part of daily life for Nepalese people. In Moscow, SBI owns 60% of Commercial Bank of India, with Canara Bank owning the rest. In Indonesia, it owns 76% of PT Bank Indo Monex.

The State Bank of India already has a branch in Shanghai and plans to open one in Tianjin.

In Kenya, State Bank of India owns 76% of Giro Commercial Bank, which it acquired for US$8 million in October 2005.

In January 2016, SBI opened it's first branch in Seoul,South Korea following the continuous and significant increase in trade due to the Comprehensive Economic Partnership Agreement signed between New Delhi and Seoul in 2009

 SBI is a gem of stock and should be in one`s ideal portfolio for long term wealth creation. If Indian economy has to grow, SBI will play crucial role in that!.

 If Indian economy has to grow to 8% GDP by next year or so, SBI has to play a crucial role. So, you have got nothing to worry and hold this beauty of stock in your portfolio for long term wealth creation.

SBI is a gold pot for long term ,but don`t be fooled by this budget rally and also on expectations of rate cut in immediate future,.... the support for SBI is around 150-160, and that is level we should wait to accumulate, .... it will give this opportunity very soon once euphoria is over and budget play gets rationalized.

SBI is a constant high dividend paying bank. It's fundamentals are very strong. Though recently got mired in NPA issues however at current level or around Rs 160 it's a very good buy for long term investors.

As the Indian economy will start moving northward in coming days, SBI will be the biggest role player in the turn around and hence the biggest beneficiary in coming days.

We can comfortably forecast to see levels beyond Rs 300 in a year and half, thus doubling your investments.

In near term it will move in the range of Rs 150 - 210, till it cleansup it's bad loans and NPAs which will start getting reflected in it's earning from H1 FY 2016-17.

So invest with a longterm perspective of atleast a year and half to five years to obtain multi gains.

Happy Investing