SBI Commercial and International Bank, (SBICI) is a completely owned private auxiliary of India's biggest banking and financial services set up, the State Bank of India. Established in 1995 to back SBI's corporate and international banking services, the SBI Commercial and International Bank is the only bank in India to be been awarded ISO-9002 quality systems certification for the Bank as a whole, encompassing all its products and services at all the locations. Within a short span of time, this commercial and international subsidiary of State Bank of India has claimed to fame with its efficient services.
SBICI: Branches and Business
SBICI is a scheduled commercial bank providing its customers with a significant combination of the professionalism, expertise, experience, ethical standards of SBI along with international reach all over the world. Along with the personalized service of a small bank, it offers it customers with the satisfaction and security of handling their finances to India's biggest as well as most trusted bank SBI which has 13,000 branches in India and 52 international offices in 34 countries all around the world.
The financial performance of SBICI for FY2007-2008 is also commendable. With a paid up capital of Rs.100 crore, the bank had a net profit of 12.85 crores. The net reserves of the bank for the last financial year is estimated to be 14.53 crores and the operating profit of the bank is estimated to be 12.37 crore. It is also commendable that none of the SBICI branches are in loss making stages.
SBICI: Facilities and Customer Services
SBI Commercial and International Bank Ltd. offer a wide range of facilities and financial product services to its customers. As a part of financial product services at SBICI you will get several deposit schemes such as savings account, recurring deposits, current account, FCNR(B) deposits, fixed deposit and NRE accounts. Other financial product services include exchange control matters, NRI information, corporate loans, personal loans, remittance facilities and ATM facilities. It is also noteworthy that both the Corporate and personal loan hampers of SBICI offer a host of several other value added products. The bank also provides it's customers with 24x7 tele-banking and net banking facilities.