Description
PEST ANALYSIS OF SBI
Mission Statement Develop into a top rate, nimble footed banking institution committed to excellence in services to its customers, enhancing stakeholder’s value though care and competence and fulfilling obligations to the community at large. To retain the bank's position as the Premier Indian Financial Services Group, with world class standards and significant global business committed to excellence in customer, shareholder and employee satisfaction and to play a leading role in the expanding and diversifying financial services sector while continuing emphasis on its development banking role. (have found 2 mission statements ) Vision Statement ? Attain high standards of efficiency and professionalism and core institutional values comparable to the best in the field. ? Possess world-class standards of efficiency and professionalism rooted in the core institutional values of the State Bank Group. ? To be a committed, caring and responsible corporate citizen ? To provide a satisfying work environment with opportunities for learning, selfdevelopment and self-actualization.
? Premier Indian financial services group with global perspective, world class standards of efficiency and professionalism and core institutional values. ? Retain its position in the country as a pioneer in the development banking. ? Maximize shareholder value through high, sustained earnings per share. ? An institution with a culture of mutual care bad commitment, a satisfying and exciting work environment and continuous learning opportunities. SBI articulates nine core values: Excellence in customer service. Profit orientation. Belonging & commitment to the bank. Fairness in all dealings and relations Risk taking & Innovation. Ream playing Learning and renewal
? ? ? ? ? ? ?
? Integrity. ? Transparency and discipline in policies and systemshttp://www.slideshare.net/TereBinaJiyaNaJaye/sbi-14084600
PEST ANALYSIS OF STATE BANK OF INDIA:
POLITICAL FACTORS: Endorsing the fact that RBI plays a vital role inproceeding of SBI and forging and penetrating rules to the whole Indian banking sectors. Hence, the RBI’s 1991 monetary policy and control system accrued the efficiency, competitiveness and productivity betweenthe banking sectors. However, with accordance to the Banana BankingSkins 2010 survey the political interference accounted as the major risk for banking sectors. Relatively, the Finance Minister raised the farmercredit goal from $536 billions 2009-08 to $606.9 billion 2009-10 and theUnion budget 2009-10 prolonged the debt condo nation to six months forthe 2 hacter land farmer holders which can make positive and negativeimpacts over the SBI operation as the bank process their 36% of theiractivities in rural zone of India.
ECONOMIC FACTOR: Economic fluctuation reflects a fragile andlucrative effect to the banking sectors financial system. Considering the “India vision 2020” belayed by Planning C ommission of IndianGovernment in order to ideate the banking sectors future. The Commission seeks to raise the India’s ranking from 11 th to 4 th in WorldDevelopment Report from GDP ratio perspective and transforming Indiafrom lowincome nation to upper-middle-income nation. To implement the vision, priorities are striving to increase the annual GDP growth from8.5% to 9% in next 7 years and Indian Vision seeks to mitigate theagriculture share from 28% to 6%, which could be prove vulnerable toSBI in terms of investment in infrastructure, technology and operations.
SOCIAL FACTOR: According to 1950-2050 demographic studies, India’s fruition rate is waning from 5.91% to 2.76% t oday and is expectedto decrease more to 1.8%. F urthermore, India’s demise rate is mitigating
from 25.5% 1950-55 to 8.5% now and will reach to its lowest rate 7.9% in2020-25. The mentioned statistics indicates the sign of longer income of customers to the SBI group and the transition of customer target to theyounger customers, as India will be entitled as the youngest nationsduring 2010-2025.
TECHNOLOGICAL FACTOR: The term Information Technology hasremained a revitalize factor for the success of banking sectors operation.Thus, the Foreign Banking sectors entered the Indian market withasserting the technological based approach while processing newtechnological innovation. Hence, the State Bank of India is required to
SWOT analysis of SBI SBI has its roots since 1806 which was later transformed under various names, finally SBI Was established after the act in parliament on May 1955. In the year 1959 SBI took over 8 state owned banks and since then it started to grow up carrying its heritage of servicing people at various economic levels. Strengths ? SBI is the largest bank in India in terms of market share, revenue and assets. ? As per recent data the bank has more than 13,000 outlets and 25,000 ATM centers The bank has its presence in 32 countries engaging currency trade all over the world The bank has a merged with State Bank of Saurashtra, State bank of Indore and the bank is planning to go further acquisition in the current FY2012. SBI has the first mover advantage in commercial banking service SBI has recently changed its vision and mission statements showing a sign of inclination towards new age banking services
Weakness ? Lack of proper technology driven services when compared to private banks ? Employees show reluctance to solve issues quickly due to higher job security and customers’ waiting period is long when compared to private banks ? The banks spends a huge amount on its rented buildings ? SBI has the largest number of employees in banking sector, hence the bank spends a considerable amount of its income in employee’s salary compensation ? In spite of modernization, the bank still carries the perception of traditional bank to new age customers. The major factor for SBI bank weakness is its hierarchical management structure as it hindrances change to the organization and its mustiness to the modernization of the sector in terms of their structure, technology, processes, centralization, etc. ? SBI fails to attract salary accounts of corporate and many government sector employees salary accounts are also shifted to private bank for ease of operations unlike before Opportunities ? Mergers will result in expansion of market share to defend its number one position ? SBI is planning to expand and invest in international operations due to good inflow of money from Asian Market ? Since the bank is yet to modernize few of its banking operations, there is a better scope of using advanced technologies and software to improve customer relations ? Young and talented pool of graduates and B schools are in rise to open new horizon to so called “old government bank” ? The company can take the opportunity of their higher rate of customers while enhancing the adoption of E-Transaction process and the firm could beneficiate from owing highest beneficiary. Thus, upgrading of E-Transaction will lead the firm to the humongous investment in technology sector and results to the transaction cost deduction Threats ? FDIs allowed in banking sector is increased to 49% , this is a major threat to SBI as people tend to switch to foreign banks for better facilities and technologies in banking service ? Other government banks like PNB, Andhra, Allahabad bank and Indian bank are showing Customer prefer to switch to private banks and financial service providers for loans and mortgages, as SBI involves stringent verification procedures and take long time for processing.
http://www.marketing91.com/swot-analysis-sbi/
PEST ANALYSIS OF STATE BANK OF INDIA:
POLITICAL FACTORS: Endorsing the fact that RBI plays a vital role in proceeding of SBI and forging and penetrating rules to the whole Indian banking sectors. Hence, the RBI’s 1991 monetary policy and control system accrued the efficiency, competitiveness and productivity between the banking sectors. However, with accordance to the Banana Banking Skins 2010 survey the political interference accounted as the major risk for banking sectors. Relatively, the Finance Minister raised the farmer credit goal from $536 billions 2009-08 to $606.9 billion 2009-10 and the Union budget 2009-10 prolonged the debt condo nation to six months forthe 2 hacter land farmer holders which can make positive and negative impacts over the SBI operation as the bank process their 36% of their activities in rural zone of India. ECONOMIC FACTOR: Economic fluctuation reflects a fragile and lucrative effect to the banking sectors financial system. Considering the “India vision 2020” belayed by Planning Commission of Indian Government in order to ideate the banking sectors future. The Commission seeks to raise the India’s ranking from 11thto 4thin World Development Report from GDP ratio perspective and transforming India from low-income nation to upper-middle-income nation. To implement the vision, priorities are striving to increase the annual GDP growth from8.5% to 9% in next 7 years and Indian Vision seeks to mitigate the agriculture share from 28% to 6%, which could be prove vulnerable to SBI in terms of investment in infrastructure, technology and operations.
SOCIAL FACTOR: According to 1950-2050 demographic studies, India’s fruition rate is waning from 5.91% to 2.76% today and is expected to decrease more to 1.8%. Furthermore, India’s demise rate is mitigating from 25.5% 1950-55 to 8.5% now and will reach to its lowest rate 7.9% in2020-25. The mentioned statistics indicates the sign of longer income of customers to the SBI group and the transition of customer target to the younger customers, as India will be entitled as the youngest nations during 2010-2025 TECHNOLOGICAL FACTOR: The term Information Technology has remained a revitalize factor for the success of banking sectors operation. Thus, the Foreign Banking sectors entered the Indian market with asserting the technological based approach while processing new technological innovation. Hence, the State Bank of India is required to respond to such approach in order to rebound their market share, as the bank has been staggering from loss of market share due to being unresponsiveness to the technological changes.
http://www.academia.edu/3729526/State_Bank_of_India
State Bank of India offers its products and services in domains like ? ? ? ? ? ? ?
Personal Banking. NRI Services. Agriculture. International. Corporate. SME. Domestic Treasury.
State Bank of India Services offers the following products through its well managed, efficient and deep-rooted network :
? ? ? ? ? ? ? ? ? ? ? ? ?
Domestic Treasury. SBI Vishwa Yatra Foreign Travel Card. Broking Services Revised Service Charge. ATM Services. Internet Banking. E-Pay. E-Rail. RBIEFT. Safe Deposit Lockers. Gift Cheques. MICR Codes. Foreign Inward Remittances.
doc_556993593.docx
PEST ANALYSIS OF SBI
Mission Statement Develop into a top rate, nimble footed banking institution committed to excellence in services to its customers, enhancing stakeholder’s value though care and competence and fulfilling obligations to the community at large. To retain the bank's position as the Premier Indian Financial Services Group, with world class standards and significant global business committed to excellence in customer, shareholder and employee satisfaction and to play a leading role in the expanding and diversifying financial services sector while continuing emphasis on its development banking role. (have found 2 mission statements ) Vision Statement ? Attain high standards of efficiency and professionalism and core institutional values comparable to the best in the field. ? Possess world-class standards of efficiency and professionalism rooted in the core institutional values of the State Bank Group. ? To be a committed, caring and responsible corporate citizen ? To provide a satisfying work environment with opportunities for learning, selfdevelopment and self-actualization.
? Premier Indian financial services group with global perspective, world class standards of efficiency and professionalism and core institutional values. ? Retain its position in the country as a pioneer in the development banking. ? Maximize shareholder value through high, sustained earnings per share. ? An institution with a culture of mutual care bad commitment, a satisfying and exciting work environment and continuous learning opportunities. SBI articulates nine core values: Excellence in customer service. Profit orientation. Belonging & commitment to the bank. Fairness in all dealings and relations Risk taking & Innovation. Ream playing Learning and renewal
? ? ? ? ? ? ?
? Integrity. ? Transparency and discipline in policies and systemshttp://www.slideshare.net/TereBinaJiyaNaJaye/sbi-14084600
PEST ANALYSIS OF STATE BANK OF INDIA:
POLITICAL FACTORS: Endorsing the fact that RBI plays a vital role inproceeding of SBI and forging and penetrating rules to the whole Indian banking sectors. Hence, the RBI’s 1991 monetary policy and control system accrued the efficiency, competitiveness and productivity betweenthe banking sectors. However, with accordance to the Banana BankingSkins 2010 survey the political interference accounted as the major risk for banking sectors. Relatively, the Finance Minister raised the farmercredit goal from $536 billions 2009-08 to $606.9 billion 2009-10 and theUnion budget 2009-10 prolonged the debt condo nation to six months forthe 2 hacter land farmer holders which can make positive and negativeimpacts over the SBI operation as the bank process their 36% of theiractivities in rural zone of India.
ECONOMIC FACTOR: Economic fluctuation reflects a fragile andlucrative effect to the banking sectors financial system. Considering the “India vision 2020” belayed by Planning C ommission of IndianGovernment in order to ideate the banking sectors future. The Commission seeks to raise the India’s ranking from 11 th to 4 th in WorldDevelopment Report from GDP ratio perspective and transforming Indiafrom lowincome nation to upper-middle-income nation. To implement the vision, priorities are striving to increase the annual GDP growth from8.5% to 9% in next 7 years and Indian Vision seeks to mitigate theagriculture share from 28% to 6%, which could be prove vulnerable toSBI in terms of investment in infrastructure, technology and operations.
SOCIAL FACTOR: According to 1950-2050 demographic studies, India’s fruition rate is waning from 5.91% to 2.76% t oday and is expectedto decrease more to 1.8%. F urthermore, India’s demise rate is mitigating
from 25.5% 1950-55 to 8.5% now and will reach to its lowest rate 7.9% in2020-25. The mentioned statistics indicates the sign of longer income of customers to the SBI group and the transition of customer target to theyounger customers, as India will be entitled as the youngest nationsduring 2010-2025.
TECHNOLOGICAL FACTOR: The term Information Technology hasremained a revitalize factor for the success of banking sectors operation.Thus, the Foreign Banking sectors entered the Indian market withasserting the technological based approach while processing newtechnological innovation. Hence, the State Bank of India is required to
SWOT analysis of SBI SBI has its roots since 1806 which was later transformed under various names, finally SBI Was established after the act in parliament on May 1955. In the year 1959 SBI took over 8 state owned banks and since then it started to grow up carrying its heritage of servicing people at various economic levels. Strengths ? SBI is the largest bank in India in terms of market share, revenue and assets. ? As per recent data the bank has more than 13,000 outlets and 25,000 ATM centers The bank has its presence in 32 countries engaging currency trade all over the world The bank has a merged with State Bank of Saurashtra, State bank of Indore and the bank is planning to go further acquisition in the current FY2012. SBI has the first mover advantage in commercial banking service SBI has recently changed its vision and mission statements showing a sign of inclination towards new age banking services
Weakness ? Lack of proper technology driven services when compared to private banks ? Employees show reluctance to solve issues quickly due to higher job security and customers’ waiting period is long when compared to private banks ? The banks spends a huge amount on its rented buildings ? SBI has the largest number of employees in banking sector, hence the bank spends a considerable amount of its income in employee’s salary compensation ? In spite of modernization, the bank still carries the perception of traditional bank to new age customers. The major factor for SBI bank weakness is its hierarchical management structure as it hindrances change to the organization and its mustiness to the modernization of the sector in terms of their structure, technology, processes, centralization, etc. ? SBI fails to attract salary accounts of corporate and many government sector employees salary accounts are also shifted to private bank for ease of operations unlike before Opportunities ? Mergers will result in expansion of market share to defend its number one position ? SBI is planning to expand and invest in international operations due to good inflow of money from Asian Market ? Since the bank is yet to modernize few of its banking operations, there is a better scope of using advanced technologies and software to improve customer relations ? Young and talented pool of graduates and B schools are in rise to open new horizon to so called “old government bank” ? The company can take the opportunity of their higher rate of customers while enhancing the adoption of E-Transaction process and the firm could beneficiate from owing highest beneficiary. Thus, upgrading of E-Transaction will lead the firm to the humongous investment in technology sector and results to the transaction cost deduction Threats ? FDIs allowed in banking sector is increased to 49% , this is a major threat to SBI as people tend to switch to foreign banks for better facilities and technologies in banking service ? Other government banks like PNB, Andhra, Allahabad bank and Indian bank are showing Customer prefer to switch to private banks and financial service providers for loans and mortgages, as SBI involves stringent verification procedures and take long time for processing.
http://www.marketing91.com/swot-analysis-sbi/
PEST ANALYSIS OF STATE BANK OF INDIA:
POLITICAL FACTORS: Endorsing the fact that RBI plays a vital role in proceeding of SBI and forging and penetrating rules to the whole Indian banking sectors. Hence, the RBI’s 1991 monetary policy and control system accrued the efficiency, competitiveness and productivity between the banking sectors. However, with accordance to the Banana Banking Skins 2010 survey the political interference accounted as the major risk for banking sectors. Relatively, the Finance Minister raised the farmer credit goal from $536 billions 2009-08 to $606.9 billion 2009-10 and the Union budget 2009-10 prolonged the debt condo nation to six months forthe 2 hacter land farmer holders which can make positive and negative impacts over the SBI operation as the bank process their 36% of their activities in rural zone of India. ECONOMIC FACTOR: Economic fluctuation reflects a fragile and lucrative effect to the banking sectors financial system. Considering the “India vision 2020” belayed by Planning Commission of Indian Government in order to ideate the banking sectors future. The Commission seeks to raise the India’s ranking from 11thto 4thin World Development Report from GDP ratio perspective and transforming India from low-income nation to upper-middle-income nation. To implement the vision, priorities are striving to increase the annual GDP growth from8.5% to 9% in next 7 years and Indian Vision seeks to mitigate the agriculture share from 28% to 6%, which could be prove vulnerable to SBI in terms of investment in infrastructure, technology and operations.
SOCIAL FACTOR: According to 1950-2050 demographic studies, India’s fruition rate is waning from 5.91% to 2.76% today and is expected to decrease more to 1.8%. Furthermore, India’s demise rate is mitigating from 25.5% 1950-55 to 8.5% now and will reach to its lowest rate 7.9% in2020-25. The mentioned statistics indicates the sign of longer income of customers to the SBI group and the transition of customer target to the younger customers, as India will be entitled as the youngest nations during 2010-2025 TECHNOLOGICAL FACTOR: The term Information Technology has remained a revitalize factor for the success of banking sectors operation. Thus, the Foreign Banking sectors entered the Indian market with asserting the technological based approach while processing new technological innovation. Hence, the State Bank of India is required to respond to such approach in order to rebound their market share, as the bank has been staggering from loss of market share due to being unresponsiveness to the technological changes.
http://www.academia.edu/3729526/State_Bank_of_India
State Bank of India offers its products and services in domains like ? ? ? ? ? ? ?
Personal Banking. NRI Services. Agriculture. International. Corporate. SME. Domestic Treasury.
State Bank of India Services offers the following products through its well managed, efficient and deep-rooted network :
? ? ? ? ? ? ? ? ? ? ? ? ?
Domestic Treasury. SBI Vishwa Yatra Foreign Travel Card. Broking Services Revised Service Charge. ATM Services. Internet Banking. E-Pay. E-Rail. RBIEFT. Safe Deposit Lockers. Gift Cheques. MICR Codes. Foreign Inward Remittances.
doc_556993593.docx