Stocks to Invest: SBI

The ‘SBI (State Bank of INDIA) group’ which consists of many subsidiaries and joint ventures both from banking and non banking sectors is the largest loan provider for people and business in India. According to the SBI’s website the bank has 4713 branches in India, operates 21,000 ATMs and has 180 offices in 34 countries as on June 30^th 2011. Logically, the bank holds high amount of Current Account Savings Account deposits which carries lower interest liability. This has helped the bank to give loans at the most competitive rates in India.
With many subsidiaries and a variety of financial services such as insurance, mutual funds, merchant banking, credit cards, factoring, stock broking, pension fund management etc and with spreading business in every nook and corner of India, it would be hard to beat this bank in terms of revenues. Also Government of India’s has holding of approximately 60% in the bank. SBI always stands in an advantageous position with the government being its main promoter.

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Fix Deposits by Companies ... 2

Differences between Manufacturing companies and Finance companies,

Manufacturing Companies: Manufacturing Companies are permitted to mobilize deposits from the Public up to 25% of their net worth and up to 10% from their Share Holders. They can accept deposits for a Minimum Period of 6 Months and a Maximum of period of 36 Months. Interest will be paid on Monthly, Quarterly, Half-yearly, Annually & on Maturity. (cumulative). Investor can withdraw the deposits before the maturity. In this case he gets the interest till date, but less penalty which is usually 1% or 2 %  Finance Companies: Finance Companies are permitted to accept deposits based on their credit rating issued by any of the agencies like CARE, ICRA,CRISIL and FITCH. They can accept deposits for a minimum period of 12 months and a maximum period of 60 months. Interest will be paid on monthly, quarterly, half-yearly, Annually & on maturity. (cumulative). Deposits with highest /high rating companies are safe. They may offer an Interest rate between 9 % & 11%. Investors can avail a loan up to 75% of the amount invested and also allowed Premature withdrawal.

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Investment Bank

Investment Bank is a financial intermediary that performs a variety of services. This includes underwriting, acting as an intermediary between an issuer of securities and the investing public, facilitating mergers and other corporate reorganizations, and also acting as a broker for institutional clients.

Unlike commercial banks and retail banks, investment banks do not take deposits. There are two main lines of business in investment banking. Trading securities for cash or for other securities (i.e., facilitating transactions, market-making), or the promotion of securities (i.e., underwriting, research, etc.) is the "sell side", while dealing with pension funds, mutual funds, hedge funds, and the investing public (who consume the products and services of the sell-side in order to maximize their return on investment) constitutes the "buy side". Many firms have buy and sell side components.

The role of the investment bank begins with pre-underwriting counseling and continues after the distribution of securities in the form of advice.

Investment Banker is a person representing a financial institution that is in the business of raising capital for corporations and municipalities.

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List of Banks in India

LIST OF BANKS IN INDIA

Central Bank:

• Reserve Bank of India

State Bank of India & 7 Associates:

• State Bank of India

• State Bank of Bikaner & Jaipur

• State Bank of Hyderabad

• State Bank of Indore

• State Bank of Mysore

• State Bank of Patiala

• State Bank of Saurashtra

• State Bank of Travancore

Nationalized Banks:

• Bank of India

• Bank of Baroda

• Canara Bank

• Corporation Bank

• Indian Bank

• Indian Overseas Bank

• Punjab & Sind Bank

• Punjab National Bank

• Syndicate Bank

• Vijaya Bank

• Central Bank of India

• Allahabad Bank

• United Bank of India

• Bank of Maharashtra

• Andhra Bank

• Dena Bank

• Oriental Bank of Commerce

• UCO Bank

• Union Bank of India

Major Private Banks

• Axis Bank

• HDFC Bank

• ICICI Bank

• IDBI Bank

• Kotak Mahindra Bank

• Dhanalakshmi Bank

• Federal Bank

• Catholic Syrian Bank

• South Indian bank

• IndusInd Bank

• ING Vysya Bank

• Karur Vysya Bank

• Lakshmi Vilas Bank

• Yes Bank

• Centurian Bank of Punjab

• G.S.B. Bank of Commerce

• J&K Bank Ltd

Foreign Banks Operating in India:

• ABN AMRO Bank

• Abu Dhabi Commercial Bank

• American Express Bank

• ANZ

• BNP Paribas

• Citibank India

• DBS Bank

• HSBC

• Standard Chartered Bank

• Deutsche Bank

• Barclays Bank

And innumerable of Cooperative Banks

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