FUNCTIONS AND DUTIES
STATE BANK OF INDIA - FUNCTIONS AND DUTIES
STATE BANK OF INDIA - FUNCTIONS AND DUTIES
STATE BANK OF INDIA POWERS AND DUTIES OF ITS OFFICERS AND EMPLOYEES.
All the officers have certain financial powers and administrative powers depending upon their positions. The delegation of financial powers of various grades of officials is decided by the Central Board which are revised from time to time, depending upon the organization's requirement and also Government / RBI guidelines. The concerned sanctioning authority takes a decision to sanction a loan or otherwise on merits of each proposal.
THE PROCEDURE FOLLOWED IN THE DECISION MAKING PROCESS, INCLUDING CHANNELS OF SUPERVISION AND ACCOUNTABILITY IN STATE BANK OF INDIA
There is a well defined system in the Bank regarding the decision making process.Financial decisions are taken at various levels by different officials depending upon their positions and also through committee approach.Centralized credit processing cells are being formed at certain centres for sanction of personal segment loans and loans under SIB segment.Branches will source the applications and forward them to the respective credit processing cells, for their consideration. Further, there is a well defined organisational structure and a clear system of accountability and control system, which also takeinto account the RBI / CVC guidelines.
THE NORMS SET BY THE STATE BANK OF INDIA FOR THE DISCHARGE OF ITS FUNCTIONS.
The Bank functions with the following core values / norms
Regarding the core functions of the Bank i.e. accepting deposits and sanction of loans,the interest rates for deposits / advances and different deposit as well as loan products, are displayed in the Bank's website and also made available at all the Branches.
Regarding sanction of loans, each officer of the Bank will consider loan proposals and take a decision in terms of the scheme of delegation of powers, on the merits of the proposals. All the officers of the Bank are expected to discharge their duties and responsibilities with integrity and due diligence.
Public can also refer to the captions '' Interest rates', ' code of ethics' & ' citizens charter' of the Bank's website for any further information. They can also refer to the following captions of the Bank's website, for detailed information on related products.
The rules and regulations, instructions, manuals and records held by the Bank/ used by its employees for discharging its functions
There are quite a number of documents like manuals, book of instructions, codified circulars, scheme of delegation of powers, proceedings of the board etc and also the periodical circulars used by the employees for discharging various functions.
A statement of the categories of documents that are held by the Bank or under its control.
These are mainly register of Shareholders/Record of the proceedings of the AGMs, Board Meetings and various Committee meetings, documents executed by customers/borrowers/guarantors, contracts with third parties etc.
The particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof in SBI.
As per the present arrangement, the Shareholders can raise issues concerning policies and in the Annual General Meetings which can relate to the policy of the Bank.
Further, the Banks quarterly results and annual results / reports are published in the bank's website periodically for information of public as well as shareholders which would give an idea about the policies of the bank and implementation thereof. Further, the Central Board the apex management body of the bank is constituted with members who are leaders from different interest groups and professions such as Industrialists ,Bankers from Apex Institutions, Chartered Accountants, Economists and Workmen representatives
Public can also refer to the captions financial results / consolidated financial statement / annual report / shareholders information of the Bank's website, for further information.
Bank has appointed various committees for different purposes. Following are some of the important Committees managing the key affairs of the Bank :
Public are not entitled to participate on the above committee meetings and minutes are not accessible to public.
A DIRECTORY OF SBI OFFICERS AND EMPLOYEES
Since the number of employees is quite large and they are subject to transfers, it is not possible for the Bank to publish the list of officers / employees and keep the same updated from time to time. Any person interested in seeking the information about any officer or employee of the Bank can approach the CAPIOs in that behalf.
The list of offices / branches is already available in the website for reference by public.
Public can refer to the caption " Branch Locator" of the Bank's website for information regarding the nearest CAPIO
THE MONTHLY REMUNERATION RECEIVED BY EACH OF ITS OFFICERS AND EMPLOYEES, INCLUDING THE SYSTEM OF COMPENSATION AS PROVIDED IN ITS REGULATIONS OF STATE BANK OF INDIA
Public can refer to the caption "pay scales of officers / employees" published in the Bank's website, under the "Right to Information Act".
The budget allocated to each of its agency, indicating the particulars of all plans proposed expenditures and reports on disbursements made.
There are no plans and budgets for expenditure of public money and disbursements and the provision is not applicable to SBI.
The manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes.
There are no subsidy programmes or plans for lending activities as a whole, except for targets for priority sector lending. There are different schemes for advances of the Bank and the terms and conditions are already available in the Bank's website.
Particulars of recipients of concessions permits or authorizations granted by it.
There are no programmes in the Bank for grant of concessions/ permits/ authorization etc and there is no material in the Bank relevant to this provision.
DETAILS IN RESPECT OF THE INFORMATION, AVAILABLE TO OR HELD BY SBI, REDUCED IN AN ELECTRONIC FORM
All the general information regarding deposits, advances and other services offered by the Bank are already available in the following websites of the Bank. www.statebankofindia.com and www.sbi.co.in. Public may refer to our above websites regarding necessary information.
THE PARTICULARS OF FACILITIES AVAILABLE TO CITIZENS FOR OBTAINING INFORMATION, INCLUDING THE WORKING HOURS OF A LIBRARY OR READING ROOM, IF MAINTAINED FOR PUBLIC USE IN SBI
The list of toll free numbers / telephone numbers has already been published on the website. The public can approach the nearest CAPIOs for any further information.
Public can also refer to the caption " customer care" in our Bank's website for getting detailed information regarding helpline / toll free nos, available in State Bank of India, for public reference.