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Old December 26th, 2017, 03:42 PM
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Join Date: May 2011
Default Re: Telegraphic Transfer Buying Rate As Adopted By State Bank Of India

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

As you asking I am telling The 'telegraphic transfer buying rate' in relation to a foreign currency means the rate adopted by the State Bank of India for buying such Currency, where such Currency is made available to that bank through a telegraphic transfer. These rates can be obtained from the Foreign Exchange Branch of SBI. The bank however charges Rs 250 per entry for furnishing the exchange rates.

Bank profile:
Type Public
Traded as NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Banking, financial services
Founded 2 June 1806, Bank of Calcutta
27 January 1921, Imperial Bank of India
1 July 1955, State Bank of India
2 June 1956, nationalization
Headquarters Mumbai, Maharashtra, India
Area served Worldwide
Key people Rajnish Kumar (banker) (Chairman)
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards
Revenue 298,640.45 crore (US$47 billion) (2017)
273,461.13 crore (US$43 billion) (2016)
Operating income 50,847.90 crore (US$7.9 billion) (2017)
Profit 10,484.10 crore (US$1.6 billion) (2017)
9,950.65 crore (US$1.6 billion) (2016)
Total assets 2,705,966.30 crore (US$420 billion) (2017)
Total equity 144,274.65 crore (US$22 billion) (2016)
Owner Government of India (61.23%)
Number of employees 209,567 (2017)
207,739 (2016)
Capital ratio 13.12% (2016)
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