State Bank Of India

SBI Card, a subsidiary of State Bank of India (SBI), is reportedly planning to come out with credit cards for anyone who has a Rs 25,000 fixed deposit (FD) in any bank. The card will not have any charges and will be available without any proof of income or a credit history. The company is also planning to issue credit cards to students of top 100 educational institutions in India without any income proof.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. The Bank reported 34.56% fall in its net profit at Rs 2,538.32 crore for second quarter ended September 30, 2016 as compared to Rs 3879.07 crore for the same quarter in the previous year.