Shri Eugene Karthak, Regional Director, RBI and Smt Rajani Mishra, Chief General Manager, SBI, LHO, Bangalore at the launch of E CORNER

Bengaluru, 2 July, 2016: State Bank of India (SBI) one of the leading government banks in India, celebrated State Bank day on Fridaycherishing memories of its establishment 61 years ago.

On the occasion, Mr Eugene E Karthak, Regional Director, Reserve Bank of India and Ms Rajni Mishra, Chief General Manager, SBI, LHO, Bangalore inaugurated an e-Corner at St.  Mark’s Road branch to provide technology based services for customers such as ATM, CDM, and Pass Book Printer etc.  The e-Corner will enable banking 24×7.

The SBI aims to create one stop solution for all banking activities by installing internet banking kiosks at Bank’s e-corner centers that can perform several cash related transactions. The kiosk has a capacity to work as a cash recycler that can perform cash dispensing, depositing, withdrawal, segregation of currency simultaneously.

SBI is coming up with this unique facility of ‘e-corner’ adjacent to its branches that will provide various services like cash depositing machine, ATM, coin vending machine, electronic cheque dispensing machine under one roof.

With the advent of technology and catering lakhs of customers, the SBI is planning to switch from branch banking to alternate channel banking like through ATM, internet, mobile etc gradually. As a part of the Bank Day celebration, the dignitaries present also planted trees at Bengaluru LHO. The Hyderabad unit of SBI has taken up the activity of tree plantation of 1.50 lakh saplings through its branches in entire Telangana and Andhra Pradesh.

On Bank day, the leading Bank also tied-up with Flipkart for pre-approved EMI facility on purchases and launched ‘SBI Digital Villages’ to make a select rural segment part of the cashless ecosystem. The SBI also launched ‘SBI Mingle’, allowing its customers access various banking services via Facebook and Twitter. “Using SBI Mingle, the bank’s customers can do a host of banking services on their Facebook or Twitter accounts at their own convenience,” said the Bank officials.

The evolution of State Bank of India can be traced back to 1806 with the establishment of Bank of Calcutta followed by Bank of Bengal in 1809 and Bank of Madras in 1843 which were later amalgamated to form the Imperial Bank of India in 1921.   With the passing of SBI Act in parliament State Bank of India was established on 1st of July, 1955 by taking over Imperial Bank of India. 1st of July is celebrated as State Bank Day in all the offices of the Bank.