State Bank Of India Third Party Transfer

What do you mean by State Bank Of India Third Party Transfer, will you plz let me know about the same here , as my cousin asking me about the same ??

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company.

Banks transfer funds from one one account to another. The primary methods to transfer money are physical and electronic transfers. Here I am telling ways to transfer money electronically such as third party fund transfer, inter bank transfer through NEFT, RTGS,

Bank transfer
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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Answered By StudyChaCha Member