State Bank Of India

Banking major State Bank of India (SBI) is planning to divest non-core investments of around Rs 3,000 crore to shore up its capital. Despite the challenges that SBI faced last fiscal, the bank is well capitalized to absorb future shocks and maintain future growth trajectory.

SBI had reported over 66 percent fall in net profit for January-March quarter of FY2015-16 due to more than two-fold rise in provisioning for bad loans. The bank faced slippages of about Rs 30,000 crore in the quarter.

State Bank of India offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.