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An Organisational Study on State Bank of India- Zonal Office, Bangalore


Executive Summary
Industry profile:


The banking industry in India today comprises of 27 public sectors, 31 private
banks and 29 foreign banks.
The Indian banking sector is headed for consolidation. The presence of many
regional players will see few banks emerging as global competitors.
Moreover, the likely rise in interest rates will see bank margins under pressure.
Treasury gains may wilt in the current scenario. Bank profits in future may again
be driven by core income.
Indian banking industry in general and SBI in particular has positioned itself to
take advantage of such economic growth, India is likely to achieve.




Company profile:


There are a total of 350 Commercial banks in the country, with more than 70,000
offices. STATE BANK OF INDIA owns 28% percent of these along with its seven
associates. The bank has reach. Its three-and-a-half times the size of the next
biggest bank, and bigger still than the next five banks put together. The bank has
dominance. It has 28% percent of the total banking business in India.


      Despite its sheer size, and the legacy of the public sector, the bank is
surprisingly nimble. It’s computerizing its branches at a rapid pace, having
already done so in 4,000 branches. It hopes to computerize 95% of the branch
network by September 2005, and all the branches by December 2005. The bank
has tied with TCS to develop core banking solutions, which will help network the
branches.




BABASABPATIL                                                               Page 1
An Organisational Study on State Bank of India- Zonal Office, Bangalore


For the moment, SBI is distancing itself from its old ways and charting new
territories. A few years from now people will be asking whether it can remain
efficient despite the high -growth blueprint. But for now, it can be safely said; the
bank is moving forward and taking on competition head on.




Products, services and departments


The bank has brought about a lot of innovation in its products and departments
and has come out with various schemes.
SBI is providing quality services for its customers, and has been successful in
keeping their customers happy.
With the support of the investors and customers and the efficient endeavours of
the staff, the bank is living upto the expectations of all concerned.


My learning:


My internship training at State Bank of India was indeed a learning experience.
The organisation study has enhanced my knowledge regarding many aspects of
administration. .
I also got the opportunity to interact with the staff of SBI which proved to be very
educative.
It was overall a very wonderful and splendid experience which I wholly cherish.




BABASABPATIL                                                                  Page 2
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                            INDUSTRY PROFILE
Banking in India has its origin as early as the Vedic period. It is believed that the
transition from money lending to banking must have occurred even before. Manu,
the great Hindu jurist who has devoted a section of his work to deposits and
advances and laid down rules relating to rates of interest.


During the mogul period, the indigenous bankers played a very important role in
east India Company; it was the turn of the agency houses to carry on the banking
business. The general bank of India was the 1st joint stock bank to be established
in the year 1786. The others that followed were the Bank of Hindustan and the
Bengal Bank failed in the meantime.
In the 1st half of 19th century the East India Company established 3 banks:
The Bank of Bengal in 1809.
The Bank of Bombay in 1840 and
The Bank of Madras in 1843.
These 3 banks also known as Presidency Banks were independent units and
functioned as well. These 3 banks were amalgamated in 1920 and a new bank,
the Imperial Bank of India was established on 27th Jan 1921. With the passing
SBI act in 1955, the undertaking of the Imperial Bank of India was taken over by
the newly constituted State Bank of India.


The RBI which is the central bank of India was created in 1935, by passing RBI
act 1934. In the wake of the swadeshi movement, a no. of banks with Indian
management were established in the country namely, Punjab National Bank ltd.,
Bank of India ltd., Canara Bank Ltd., Indian Bank Ltd., the Bank of Baroda Ltd.,
the Central Bank of India Ltd.On July 19, 1969, 14 major banks of the country
were nationalised and on 15th April 1980, 6 more commercial private banks were
also taken over by the Government.

BABASABPATIL                                                                  Page 3
An Organisational Study on State Bank of India- Zonal Office, Bangalore



Today, the commercial banking system in India may be distinguished into:


   1. public sector banks


         o SBI and its associate banks called the State Bank group.


         o 20 nationalised banks.


         o Regional rural banks mainly sponsored by public sector banks.




   2. private sector banks


         o Old generation private banks.


         o New generation private banks.


         o Foreign banks in India.


         o Scheduled co operative banks.


         o Non-scheduled banks.




BABASABPATIL                                                               Page 4
An Organisational Study on State Bank of India- Zonal Office, Bangalore



Indian Financial System


The Indian Financial System is broadly classified into 2 groups:


   1. Organised sector.


   2. Unorganised sector.




The financial system is also divided into users of financial services and providers.
Financial institutions sell their services to households, businesses and
government      who      are    all     the   users     of    financial   services.
The providers of financial services are:


   1. central Bank
   2. other banks
   3. Financial institutions.
   4. money and capital markets
   5. Informal financial enterprises.


The organised financial system comprises the following subsystems:


   1. The Banking System.
   2. The Cooperative System.
   1. Development Banking System.
          a. Public Sector
          b. Private Sector.
   2. Money Markets.
   3. Financial companies/Institutions



BABASABPATIL                                                                 Page 5
An Organisational Study on State Bank of India- Zonal Office, Bangalore


The unorganised sector comprises of money lenders, indigenous bankers, pawn
brokers, landlords, traders etc. there are also a host of financial companies, chit
funds etc. in the unorganised sector.
The central bank or the government does not regulate these in a systematic
manner.


Banking Scenario in India


A strong and vibrant banking sector with a network of over 54,500 branches
supports Indian economy. Besides, a no. of national and state level financial
institutions, a large no. of domestic and foreign institutional investors, investment
funds, equipment leasing companies and venture capitalists add vigour to Indian
banking arena.
In the recent years, Indian banking system is undergoing an existential crisis. In
the pre-privatization period, were never ensconced in the financial sector. Then
came the banking regulation act of 1993, which opened the floodgates for foreign
banks. Foreign banks are in the fray, forcing their Indian counterparts to adopt a
customer centric approach.


Merger of banks is also a recent phenomenon. Some of them are Times Bank
with HDFC Bank, Bank of Madura with ICICI Bank and the recent Global Trust
Bank with Oriental Bank of Commerce.


IT in Banking


Indian banking industry, today is in the midst of an IT revolution. A combination of
regulatory and competitive reasons has lead to increasingly importance of total
banking automation in the Indian banking industry.
Competition, growing expectations of customers and increased awareness
among customers has led to the IT aspect in banking.


BABASABPATIL                                                                  Page 6
An Organisational Study on State Bank of India- Zonal Office, Bangalore


                    Evolution of State Bank of India

The origin of the State Bank of India goes back to the first decade of the
nineteenth century with the establishment of the Bank of Calcutta in Calcutta on
2 June 1806. Three years later the bank received its charter and was re-
designed as the Bank of Bengal (2 January 1809). A unique institution, it was the
first joint-stock bank of British India sponsored by the Government of Bengal. The
Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed
the Bank of Bengal. These three banks remained at the apex of modern banking
in India till their amalgamation as the Imperial Bank of India on 27 January 1921.

Primarily Anglo-Indian creations, the three presidency banks came into existence
either as a result of the compulsions of imperial finance or by the felt needs of
local European commerce and were not imposed from outside in an arbitrary
manner to modernize India's economy. Their evolution was, however, shaped by
ideas culled from similar developments in Europe and England, and was
influenced by changes occurring in the structure of both the local trading
environment and those in the relations of the Indian economy to the economy of
Europe and the global economic framework.




                              Bank of Bengal H.O.




BABASABPATIL                                                                Page 7
An Organisational Study on State Bank of India- Zonal Office, Bangalore


Establishment

The establishment of the Bank of Bengal marked the advent of limited liability,
joint-stock banking in India. So was the associated innovation in banking, viz. the
decision to allow the Bank of Bengal to issue notes, which would be accepted for
payment of public revenues within a restricted geographical area. This right of
note issue was very valuable not only for the Bank of Bengal but also its two
siblings, the Banks of Bombay and Madras. It meant an accretion to the capital of
the banks, a capital on which the proprietors did not have to pay any interest.
The concept of deposit banking was also an innovation because the practice of
accepting money for safekeeping (and in some cases, even investment on behalf
of the clients) by the indigenous bankers had not spread as a general habit in
most parts of India. But, for a long time, and especially upto the time that the
three presidency banks had a right of note issue, bank notes and government
balances made up the bulk of the investible resources of the banks.

The three banks were governed by royal charters, which were revised from time
to time. Each charter provided for a share capital, four-fifth of which were
privately subscribed and the rest owned by the provincial government. The
members of the
board of directors, which managed the affairs of each bank, were mostly
proprietary directors representing the large European managing agency houses
in India. The rest were government nominees, invariably civil servants, one of
whom was elected as the president of the board.




BABASABPATIL                                                                Page 8
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                   Group Photograph of Central Board (1921)



Business:

The business of the banks was initially confined to discounting of bills of
exchange or other negotiable private securities, keeping cash accounts and
receiving deposits and issuing and circulating cash notes. Loans were restricted
to Rs.one lakh and the period of accommodation confined to three months only.
The security for such loans was public securities, commonly called Company's
Paper, bullion, treasure, plate, jewels, or goods 'not of a perishable nature' and
no interest could be charged beyond a rate of twelve per cent. Loans against
goods like opium, indigo, salt woolens, cotton, cotton piece goods, mule twist and
silk goods were also granted but such finance by way of cash credits gained
momentum only from the third decade of the nineteenth century. All commodities,
including tea, sugar and jute, which began to be financed later, were either
pledged or hypothecated to the bank. Demand promissory notes were signed by
the borrower in favor of the guarantor, which was in turn endorsed to the bank.
Lending against shares of the banks or on the mortgage of houses, land or other
real            property            was,            however,             forbidden.


Indians were the principal borrowers against deposit of Company's paper, while
the business of discounts on private as well as salary bills was almost the
exclusive monopoly of individuals Europeans and their partnership firms. But the
main function of the three banks, as far as the government was concerned, was


BABASABPATIL                                                                 Page 9
An Organisational Study on State Bank of India- Zonal Office, Bangalore


to help the latter raise loans from time to time and also provide a degree of
stability to the prices of government securities.




                                Old Bank of Bengal


Major change in the conditions

A major change in the conditions of operation of the Banks of Bengal, Bombay
and Madras occurred after 1860. With the passing of the Paper Currency Act of
1861, the right of note issue of the presidency banks was abolished and the
Government of India assumed from 1 March 1862 the sole power of issuing
paper currency within British India. The task of management and circulation of
the new currency notes was conferred on the presidency banks and the
Government undertook to transfer the Treasury balances to the banks at places
where the banks would open branches. None of the three banks had till then any
branches (except the sole attempt and that too a short-lived one by the Bank of
Bengal at Mirzapore in 1839) although the charters had given them such
authority. But as soon as the three presidency bands were assured of the free
use of government Treasury balances at places where they would open
branches, they embarked on branch expansion at a rapid pace. By 1876, the
branches, agencies and sub agencies of the three presidency banks covered
most of the major parts and many of the inland trade centres in India. While the
Bank of Bengal had eighteen branches including its head office, seasonal
branches and sub agencies, the Banks of Bombay and Madras had fifteen each.



BABASABPATIL                                                             Page 10
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                  Bank of Madras Note Dated 1861 for Rs.10



Presidency Banks Act

The presidency Banks Act, which came into operation on 1 May 1876, brought
the three presidency banks under a common statute with similar restrictions on
business. The proprietary connection of the Government was, however,
terminated, though the banks continued to hold charge of the public debt offices
in the three presidency towns, and the custody of a part of the government
balances. The Act also stipulated the creation of Reserve Treasuries at Calcutta,
Bombay and Madras into which sums above the specified minimum balances
promised to the presidency banks at only their head offices were to be lodged.
The Government could lend to the presidency banks from such Reserve
Treasuries but the latter could look upon them more as a favor than as a right.




                                Bank of Madras




BABASABPATIL                                                               Page 11
An Organisational Study on State Bank of India- Zonal Office, Bangalore


The decision of the Government to keep the surplus balances in Reserve
Treasuries outside the normal control of the presidency banks and the connected
decision not to guarantee minimum government balances at new places where
branches were to be opened effectively checked the growth of new branches
after 1876. The pace of expansion witnessed in the previous decade fell sharply
although, in the case of the Bank of Madras, it continued on a modest scale as
the profits of that bank were mainly derived from trade dispersed among a
number     of   port   towns    and     inland   centres    of   the    presidency.


India witnessed rapid commercialization in the last quarter of the nineteenth
century as its railway network expanded to cover all the major regions of the
country. New irrigation networks in Madras, Punjab and Sind accelerated the
process of conversion of subsistence crops into cash crops, a portion of which
found its way into the foreign markets. Tea and coffee plantations transformed
large areas of the eastern Terais, the hills of Assam and the Nilgiris into regions
of estate agriculture par excellence. All these resulted in the expansion of India's
international trade more than six-fold. The three presidency banks were both
beneficiaries and promoters of this commercialization process as they became
involved in the financing of practically every trading, manufacturing and mining
activity in the sub-continent. While the Banks of Bengal and Bombay were
engaged in the financing of large modern manufacturing industries, the Bank of
Madras went into the financing of large modern manufacturing industries, the
Bank of Madras went into the financing of small-scale industries in a way which
had no parallel elsewhere. But the three banks were rigorously excluded from
any business involving foreign exchange. Not only was such business
considered risky for these banks, which held government deposits, it was also
feared that these banks enjoying government patronage would offer unfair
competition to the exchange banks which had by then arrived in India. This
exclusion continued till the creation of the Reserve Bank of India in 1935.




BABASABPATIL                                                                  Page 12
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                                 Bank of Bombay



Presidency Banks of Bengal

The presidency Banks of Bengal, Bombay and Madras with their 70 branches
were merged in 1921 to form the Imperial Bank of India. The triad had been
transformed into a monolith and a giant among Indian commercial banks had
emerged. The new bank took on the triple role of a commercial bank, a banker's
bank          and         a        banker        to         the       government.


But this creation was preceded by years of deliberations on the need for a 'State
Bank of India'. What eventually emerged was a 'half-way house' combining the
functions     of    a   commercial      bank    and     a    quasi-central    bank.


The establishment of the Reserve Bank of India as the central bank of the
country in 1935 ended the quasi-central banking role of the Imperial Bank. The
latter ceased to be bankers to the Government of India and instead became
agent of the Reserve Bank for the transaction of government business at centers
at which the central bank was not established. But it continued to maintain
currency chests and small coin depots and operate the remittance facilities
scheme for other banks and the public on terms stipulated by the Reserve Bank.
It also acted as a bankers' bank by holding their surplus cash and granting them
advances against authorized securities. The management of the bank clearing
houses also continued with it at many places where the Reserve Bank did not
have offices. The bank was also the biggest tenderer at the Treasury bill auctions

BABASABPATIL                                                                 Page 13
An Organisational Study on State Bank of India- Zonal Office, Bangalore


conducted    by    the     Reserve   Bank   on   behalf     of    the   Government.


The establishment of the Reserve Bank simultaneously saw important
amendments being made to the constitution of the Imperial Bank converting it
into a purely commercial bank. The earlier restrictions on its business were
removed and the bank was permitted to undertake foreign exchange business
and     executor     and       trustee   business     for        the    first     time.




Imperial Bank

The Imperial Bank during the three and a half decades of its existence recorded
an impressive growth in terms of offices, reserves, deposits, investments and
advances,

the increases in some cases amounting to more than six-fold. The financial
status and security inherited from its forerunners no doubt provided a firm and
durable platform. But the lofty traditions of banking which the Imperial Bank
consistently maintained and the high standard of integrity it observed in its
operations inspired confidence in its depositors that no other bank in India could
perhaps then equal. All these enabled the Imperial Bank to acquire a pre-eminent
position in the Indian banking industry and also secure a vital place in the
country's economic life.




BABASABPATIL                                                                    Page 14
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                        Stamp of Imperial Bank of India



When India attained freedom, the Imperial Bank had a capital base (including
reserves) of Rs.11.85 crores, deposits and advances of Rs.275.14 crores and
Rs.72.94 crores respectively and a network of 172 branches and more than 200
sub offices extending all over the country.


First Five Year Plan

In 1951, when the First Five Year Plan was launched, the development of rural
India was given the highest priority. The commercial banks of the country
including the Imperial Bank of India had till then confined their operations to the
urban sector and were not equipped to respond to the emergent needs of
economic regeneration of the rural areas. In order, therefore, to serve the
economy in general and the rural sector in particular, the All India Rural Credit
Survey Committee recommended the creation of a state-partnered and state-
sponsored bank by taking over the Imperial Bank of India, and integrating with it,
the former state-owned or state-associate banks. An act was accordingly passed
in Parliament in May 1955 and the State Bank of India was constituted on 1 July
1955. More than a quarter of the resources of the Indian banking system thus
passed under the direct control of the State. Later, the State Bank of India


BABASABPATIL                                                               Page 15
An Organisational Study on State Bank of India- Zonal Office, Bangalore


(Subsidiary Banks) Act was passed in 1959, enabling the State Bank of India to
take over eight former State-associated banks as its subsidiaries (later named
Associates)

At present the 7 associate banks are:

   1. State Bank of Bikaner and Jaipur

   2. State Bank of Hyderabad.

   3. State Bank of Indore.

   4. State Bank of Mysore.

   5. State Bank of Patiala.

   6. State Bank of Saurashtra.

   7. State Bank of Travancore.




The State Bank of India was thus born with a new sense of social purpose aided
by the 480 offices comprising branches, sub offices and three Local Head Offices
inherited from the Imperial Bank. The concept of banking as mere repositories of
the community's savings and lenders to creditworthy parties was soon to give
way to the concept of purposeful banking sub serving the growing and diversified
financial needs of planned economic development. The State Bank of India was
destined to act as the pacesetter in this respect and lead the Indian banking
system into the exciting field of national development.




BABASABPATIL                                                             Page 16
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                            Mission Statement

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.




                      Vision Statement (Qualitative)
 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 development banking;


 Maximise shareholder value through high sustained earnings per share


 An institution with a culture of mutual care and commitment, a satisfying and
   exciting work environment and continuous learning opportunities.




BABASABPATIL                                                                Page 17
An Organisational Study on State Bank of India- Zonal Office, Bangalore


                                    Values
 Excellence in customer service


 Profit orientation


 Belonging and commitment to the bank.


 Fairness in all dealings and relations.


 Risk-taking and innovation.


 Team-playing.


 Learning and renewal.


 Integrity.


 Transparency and discipline in policies and systems.




BABASABPATIL                                                             Page 18
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                  Board of Directors as on 15-09-2005

1.   Shri. Arun Kumar Purwar   ---   Chairman


2.   Shri. K.Ashok Kini        ---   Managing Director (National Banking Group)


3.   Shri. T.S.Bhattacharya    ---   Managing Director (Corporate Banking)


4.   Shri. K.P.Jhuhjhunwala


5.   Shri. P.R.Khanna


6.   Shri. Suman Kumar Bery


7.   Shri. Ajay.G.Piramal


8.   Shri Ananta Chandra Kalita.


9. Shri N.S.Sisodia.


10. Smt. Shyamala Gopinath.


11. Shri. Arun Singh


12. Shri. Rajiv Pandey


13. Shri. Piyush Goyal




BABASABPATIL                                                             Page 19
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                      ORGANISATION STRUCTURE

  The structure of the corporate center and the business groups located at
  Mumbai is as follows:




                                              Chairman

  CORPORATE
   CENTER                                                      DMD & CFO
                        DMD & CCO

                                                               DMD (I & MA)
                         DMD & CDO

                                                                   CVO
                           DMD (IT)




BUSINESS      MD & GE             MD & GE            DMD & GE                DMD & GE
 GROUPS        (CB)                (NB)                (IB)                   (A&S)




  BABASABPATIL                                                               Page 20
An Organisational Study on State Bank of India- Zonal Office, Bangalore




The structure of Local Head Office (LHO) is as follows:




                                Chief General Manager

              DGM                                         DGM (Vigilance)
     Circle Financial Officer

               DGM                                          DGM (Law)
        Circle Credit Officer
                                                     AGM (Public relations
                                                    and community services
            DGM
                                                           banking)
  Circle Development Officer




         General Manager                             General Manager
       (Commercial Banking)                  (Development & Personal Banking)




BABASABPATIL                                                             Page 21
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                        Deputy General Manager (Module)




BABASABPATIL                                                            Page 22
An Organisational Study on State Bank of India- Zonal Office, Bangalore




   SMGS IV-                                            Manager MIS (Direct Branches)
   Gen. Banking/Bud & Per.Mon.Etc.


   SMGS IV- Personnel & HRD                            SMGS IV
                                                       Advances, Rehab.Cum NPA Mgt.Cell


   MMGS III – Official Languages
                                                         MMGS III               MMGS III NPA
                                                         Adv. Cell              MGA/REC.CELL

   MMGS III – Disc.Pro.Cell
                                                         Chief Manager
                                                         Lead Bank Cell (in a few nodules)

   MMGS II – Security Officer
                                                                        MMGS III- Zonal Office
                                                   CM Banking
                                                   Operations           MMGS III – interoffice
   JMGS I – Asst. Manager (Law)                                         reconciliation-
                                                                        Government accounts

                                                         SMGS IV – Office Administration


                                                                 JMGS Medical         MMGS II
                                                                 Officer              Premises



  All branches headed by AGM’s
                                                                     AGM’s (Region)

     Head, Mortgage Sales
                                                                     Retail Asset CPC



     Credit Processing Cell (Temporary)                              SE Credit Cell




                                     Structure of Zonal Office




                                FINANCIAL VIEW
BABASABPATIL                                                                    Page 23
An Organisational Study on State Bank of India- Zonal Office, Bangalore



The Bank posted a net profit of Rs 1222.83 cr for Q1 of 2005-06, recording a
growth of 15.54% compared to Rs. 1058.40 cr in Q1 of 2004-05.


Operating profit for the quarter stood at Rs.3439.48 cr. as against Rs. 2071.40 cr
in Q1 of 2004-05 a growth of 66.05%. Operating Profit excl. profit on sale of
investment, Dividend and one time item increased by 44.07%. Increase in net
interest income coupled with marginal decline in Operating Expenses led to
higher Operating Profit.



Ratio Analysis:

                                                                2004-05          05-06

Selected Ratios                                                FY       Q1         Q1

Earnings per share in Rs on Face Value of Rs 10                81.79    80.44     92.94

Return on shareholders equity                                  18.10    19.89     19.38

Net interest margin (Net Int Income/Avg Int Earning Assets)    3.39     2.99      3.77

NIM (Excl. one time items)                                     3.20     2.99      3.14

Other income to Total net operating income                     33.80    34.25     27.04

Capital Adequacy Ratio (%)                                      12.45   13.82     11.63

Tier I                                                          8.04      9.01    7.88

Tier II                                                         4.41    4.81      3.75

Net NPA Ratio                                                   2.65    3.45      2.44




GROUP PERFORMANCE HIGHLIGHTS:

    •The aggregate deposits and advances of the State Bank Group as at the

BABASABPATIL                                                                     Page 24
An Organisational Study on State Bank of India- Zonal Office, Bangalore


   end of first quarter of 2005-06 were Rs. 5, 28,125 crores and           Rs. 3,
   00,122 crores respectively.
   •The Operating Profit and the Net profit of the Group for the Q1FY06 were
   Rs. 4282.55 crores and Rs, 1322.67 crores respectively.


   •The major financial indicators of the Group as at the end of Q1 FY 06 were
   as under:


Financial Parameter                                     %

ROA                                                     0.84

ROE                                                     15.69

Expense Ratio                                           44.91

NIM                                                     3.76

Yield on Advances                                       7.89

Cost of Deposit                                         4.65

Gross NPAs                                              5.13

Net NPAs




BABASABPATIL                                                              Page 25
An Organisational Study on State Bank of India- Zonal Office, Bangalore


                           Products and services
Being the largest bank in India, SBI aims at attracting customers from all sectors
of the society. In order to facilitate this, the bank has set up various strategic
business units called SBU’s to cater to different needs.
Some of them are as follows:


Strategic business units (SBU’s)


   1. Corporate Banking Group.
   2. National banking group
   3. International banking
   4. Associates and subsidiaries
   5. Project finance.




National banking is further divided into:


   1. personal banking
   2. agricultural Banking
   3. small and medium enterprises
   4. development banking


Personal banking


State Bank of India offers a wide range of services in the Personal Banking
Segment.




BABASABPATIL                                                              Page 26
An Organisational Study on State Bank of India- Zonal Office, Bangalore


Some of them are as follows:




    SBI Term Deposits
    Savings Bank
    SBI Recurring Deposits
    Loan against Mortgage of property
    SBI Loan for Pensioners
    SBI Housing Loan
    Loan against Shares & Debentures
    SBI Car Loan Rent plus Scheme
    SBI Educational Loan Medi-Plus Scheme
    SBI Personal Loan Rates of Interest


A no. of personal banking branches are opened throughout, equipped with
customer friendly knowledgeable staff to cater to an individual’s financial
requirements State Bank of India offers a wide range of services in the Personal
Banking Segment. Here’s a brief look at one of the Personal Banking Product:




SBI HOUSING LOANS:


Home is where the heart is!


The Housing loan schemes are designed to make it simple to make a choice at
least as far as financing goes.


Some of the advantages are:


Excellent service and lower costs.
Low Equated Monthly Instalments (EMI)

BABASABPATIL                                                             Page 27
An Organisational Study on State Bank of India- Zonal Office, Bangalore


Low interest rates, currently between 8% p.a. and 9.25% p.a. on daily reducing
balances
No hidden costs or administrative costs
No prepayment penalties.


The loan could be taken for:


Purchase or construction of a new house/ flat.
Purchase an existing (old) house/ flat.
Extend, repair, renovate or alter a house/ flat.
Purchase a plot of land meant for construction of a dwelling unit.


Eligibility


Anyone who is over 21 years of age and has a steady source of income is
eligible.




Loan Amount


The actual loan amount is determined on the basis of repayment capacity taking
into account the income, age, assets and liabilities. As a rule of thumb - Upto 60
times the net monthly income will be sanctioned depending upon the age.
Usually, spouse's income and the expected rental would also be taken into
account.


Repayment


The repayment terms are amongst the most flexible in the market. Depending on
the age and capacity to repay, the loan could be paid back the loan in easy
instalments spread over 20 years.

BABASABPATIL                                                              Page 28
An Organisational Study on State Bank of India- Zonal Office, Bangalore


Agricultural Banking:


State Bank of India Caters to the needs of agriculturists and landless
agricultural labourers through a network of 6600 rural and semi-urban branches.
There are 972 specialized branches which have been set up in different parts of
the country exclusively for the development of agriculture through credit
deployment. These branches include 427 Agricultural Development Branches
(ADBs) and 547 branches with Development Banking Department (DBDs) which
cater to agriculturists and 2 Agricultural Business Branches at Chennai and
Hyderabad catering to the needs of hi-tech commercial agricultural projects.

The branches have covered a whole gamut of agricultural activities like crop
production   ,   horticulture   ,   plantation   crops,   farm   mechanization,    land
development and reclamation, digging of wells, tube wells and irrigation projects,
forestry, construction of cold storages and godowns, processing of agri-products,
finance to agri-input dealers, allied activities like dairy , fisheries, poultry, sheep-
goat, piggery and rearing of silk worms.

SBI is the leader in agriculture finance in the country with a portfolio of Rs.
18,000




Corporate Banking


SBI provides financial products and services of wide range for large, medium and
small customers both domestic and international. The corporate banking unit is a
step towards providing services to corporates.




BABASABPATIL                                                                    Page 29
An Organisational Study on State Bank of India- Zonal Office, Bangalore


Some of its products are:


Working capital financing


It is extended both as fund based and non-fund based facilities to corporates,
partnership firms, and proprietary concerns.
It also extends working capital finance to all segments of industries and services
sector such as IT.


Term Loans


The bank provides term loans to support capital expenditures for setting up new
ventures and also for expansion, renovation etc.


Deferred Payment Guarantees


This is given to provide support purchase of capital equipments.


Corporate loans.


This is provided to corporates for a variety of business related corporates.


Some of the loans are


Project finance and Lease Finance, which is a dedicated set up specialised in
financing of infrastructure and other large projects




BABASABPATIL                                                                   Page 30
An Organisational Study on State Bank of India- Zonal Office, Bangalore


Project Export Finance


State Bank of India is an active participant in the area of finance of Project
export activities. These activities will mainly involve financing the fund based and
non fund based requirements of the project exporters.

• Export of engineering goods on deferred payment terms
• Execution of turnkey projects abroad
• Execution of overseas civil construction contracts abroad
• Exports of services are the contracts for export of consultancy, technical and
other services.

Project export contracts are generally of high value and exporters undertaking
them are required to offer competitive terms to be able to secure orders from
foreign buyers in the face of stiff international competition.

Various types of credit facilities, both non fund and fund based, that the project
exporters may need at the time of bidding and/ or for execution of the project are
extended by the Bank.


Non Fund Based Facilities



Letter of Credit facility on behalf of the customer enabling him to import raw
material required for manufacturing goods for project export is provided by the
bank and also all other types of guarantees required for project export contract
are issued by the bank:

Bid Bond Guarantee.
Advance Payment Guarantee
Performance Guarantee Down
Payment Guarantee
Retention Money Guarantee
Maintenance Guarantee & Overseas Borrowing Guarantee


BABASABPATIL                                                                 Page 31
An Organisational Study on State Bank of India- Zonal Office, Bangalore


The fund based facilities are:



       Pre-shipment credit

      Rupee/ Foreign currency supplier's credit

      Buyer’s credit



Merchant banking:


SBI’s Merchant Banking Group is strongly positioned to offer perfect financial
solutions to your business. We specialize in the arrangement of various forms of
Foreign Currency Credits for Corporates.



It provides resources, convenience and services to meet customer’s needs by
arranging Foreign Currency credits through:

• Commercial loans
• Syndicated loans
• Lines of Credit from Foreign Banks and Financial Institutions
• FCNRB loans
• Loans from Export Credit Agencies
• Financing of Imports.



International Banking:


International banking services of State Bank of India are delivered for the benefit
of its Indian customers, non-resident Indians, foreign entities and banks through
a network of 52 offices/branches in 31 countries, spread over all time zones. The
network is augmented by a cluster of Overseas and NRI branches within India


BABASABPATIL                                                               Page 32
An Organisational Study on State Bank of India- Zonal Office, Bangalore


and correspondent links with over 700 banks, the world over. Bank's Joint
Ventures and Subsidiaries abroad further underline the Bank's international
presence.

The Bank has carved a niche for itself in the Euro land with branches located in
Antwerp, Paris and Frankfurt. Indian banks and corporates are able to avail
single-window Euro services from the Bank's Frankfurt branch.




Some of the other services of the State Bank of India are:



SBI Life -    Insurance

SBI Cards -   Credit and Debit cards

SBI Mutual Funds



Some of the Internet Banking services include:

   •Self-account funds transfer across India.

   •Third party transfers in the same branch

   •New account opening

   •Demand Draft requests

   •Standing instructions

   •New Cheque-book request and much more.

Apart from these, the other salient value-added features available are:

   •Railway tickets booking,

   •Utility bill payments

   •LIC and other insurance premium payments,

   •SBI Mutual funds Investments

BABASABPATIL                                                              Page 33
An Organisational Study on State Bank of India- Zonal Office, Bangalore


  •Remit Subscription to PPF account,

  •Credit card dues payments,

  •Deposit your taxes,

  •Donations to your religious inspirations

  •Donations to Red Cross and such other organisations

  •Setting up SMS alerts for transaction information.




BABASABPATIL                                                            Page 34
An Organisational Study on State Bank of India- Zonal Office, Bangalore




         STRUCTURE OF ZONAL OFFICE, BANGALORE

A Module in State Bank Of India, Comprises 100-200 branches. The HQ of a
Module is called as Zonal Office and is headed by a Deputy General Manager
who is responsible for the business growth; smooth functioning of the branches,
quality of assets, customer service and personnel Management. The DGM is
assisted in this by a set of officers, Assistant General Managers (AGMs) of
Regions and AGMs of Direct branches. The Organisational structure of a Module
is depicted in the schematic diagram.


     •   AGM(Operations) : Stationed at the Zonal Office is in charge of all
         Banking   Operations    like   ,   budgeting,   Performance   monitoring,
         Premises , Fixed Assets, all Banking activities other than Advances etc..
         In the Region. Chief Managers (GB) of the regions will report to him. He
         will report to the Module DGM..


     •   AGM(Retail Assets Processing Cell(RACPC)): In order to reduce turn
         around time in the processing of Personal segment advances like
         Housing loans, Educational loans and Car loans, the Bank has setup
         RACPCs under its Business Process Reengineering(BPR) Project.
         While the branches will source the applications and ensure KYC in
         respect of customers, the processing of loans and sanctions will be
         made by RACPC. They will also obtain legal opinions and valuation
         reports and conduct pre-sanction inspections. An RACPC is functioning
         at Bangalore.




BABASABPATIL                                                              Page 35
An Organisational Study on State Bank of India- Zonal Office, Bangalore




   •   AGM(Small Enterprises Credit Cell(SECC)): In order to reduce turn
       around time in the processing of small business and SSI advances the
       Bank     has    setup    SECCs      under     its      Business   Process
       Reengineering(BPR) Project. While the branches will source the
       applications and ensure KYC in respect of customers, the processing of
       loans, sanctions and Documentation will be made by SECCS. They will
       also obtain legal opinions and valuation reports and conduct pre-
       sanction inspections. An SECC is functioning at Bangalore.


   •   AGM(RAPSECC): At centres where there is not sufficient work load to
       setup RACPC & SECC separately a hybrid processing cell is set up to
       cater to both Personal segment loans & Small enterprises. In Bangalore
       module two such cells are in operation at Mysore & Mangalore.


   •   AGM(Outbound Sales force): He is in charge of a mobile marketing
       wing of the Bank staffed with sales executives, who will contact
       prospective customers in personal segment           and direct them to the
       nearest branches. One such wing is functioning at Bangalore




   •   AGM(Mortgage Loans)         He is responsible marketing Mortgage loans
       in the module, particularly in Personal segment His responsibilities
       include getting new business, exploring strategic tie-ups,co-ordinating
       with RACPC & Outbound Sales force .


   •   AGM (Credit Processing cell) : In order to reduce turn around time in
       the processing of small business and SSI advances the Bank has set up
       CPCS .While the branches will source the applications and ensure KYC



BABASABPATIL                                                              Page 36
An Organisational Study on State Bank of India- Zonal Office, Bangalore


       in respect of customers, the     processing of loans , sanctions will be
       made by CPCS. One CPC is functioning in Bangalore Module.




   •   Manager (Multi Sales Task Force) He is in charge of a mobile
       marketing wing of the Bank staffed with sales executives, who will
       contact prospective customers in Small & Medium enterprise segment
       and direct them to the nearest branches. One such wing is functioning at
       Bangalore


   •   Chief Manager (Advances, Rehabilitation cum NPA management
       cell): Stationed at Zonal office and will monitor the credit portfolio
       pertaining to direct branches & module and is in charge of Advances,
       Rehabilitation & NPA management cell. He is also the secretary of Zonal
       Office Credit Cell. He is assisted by




        o Manager (NPA) : Stationed at Zonal office and will monitor the
            NPAs in respect of direct branches & module


        o Manager Advances cell : Stationed at            Zonal office and will
            monitor the credit portfolio pertaining to direct branches and is in
            charge of Advances, Rehabilitation


   •   Chief Manager(General Banking): Stationed at the Zonal Office is in
       charge of all Banking Operations like , budgeting, Performance
       monitoring, Premises , Fixed Assets, all Banking activities other than
       Advances in respect of direct branches. Compliance of Inspection
       reports. He will also look after the issues relating to branch premises,
       fixed assets. He will functionally report to AGM(Operations of the
       Module)

BABASABPATIL                                                            Page 37
An Organisational Study on State Bank of India- Zonal Office, Bangalore




   •   Chief Manager(Personnel & HRD) Stationed at Zonal office and is in
       charge of staff matters including Staff budgeting ,transfers, training ,
       leave, Medical Bills ,Staff Housing loans and placements in the module.
       He will assess the training needs of the staff and arrange for such
       training. He will also manage the service files and leave records of the
       officers in the module. He is also staff in charge in respect of staff
       working in direct branches.


   •   Chief Manager (Banking Operations): He is in charge of Inter Office
       Reconciliation, Zonal Office Computer Centre(ZOCC), Govt Accounts
       MIS depts in the Module. He is responsible for collection of various
       returns, data, and analysis and follow-up with branches for attending to
       IOR memos, Reconciliation, submission of data etc. He is responsible
       for preparation of and submission of Annual returns. Completion of
       statutory Audit of the returns and compliance of the Audit reports. He is
       assisted by ;


        o Manager ZOCC: He is in charge of ZOCC, which will collect data
            like weekly reports, Monthly P Forms, Credit Information System
            (CIS) data, analyze them and prepare report to DGM.


        o Manager (IOR Cell): He is in charge of Inter Office Reconciliation,
            and will ensure timely reconciliation by the branches in the zone,
            Submission of daily statements to the Reconciliation dept at
            Belapur.



BABASABPATIL                                                            Page 38
An Organisational Study on State Bank of India- Zonal Office, Bangalore


        o Manager (MIS): He is responsible for collection of data and various
            returns from the branches in the module. Analysis of these data
            and providing information to the Management (DGM) and
            submission of consolidated returns to Local Head office.


   •   Manager Disciplinary Proceedings Cell (DPC): He is in charge of
       Disciplinary & Vigilance matters in the module. He will arrange for
       Investigation, calling of explanations, charge sheeting the errant staff,
       arranging for Enquiry and follow-up of the pending cases with the
       disciplinary authorities in the module. He will also appraise the
       management from time to time progress in each case and the details of
       pending cases. He will also ensure timely completion of Investigation
       and enquiry. He is assisted by the Investigation officers, Presenting
       Officers and Enquiry officers appointed in each case.


   •   Manager Security: He is responsible for ensuring proper security for the
       branch premises and offices. He will visit branches and ensure required
       security precautions are taken by the branches. He will recommend for
       installation of CC TVs at branches. He will arrange for training to armed
       guards. Ensure that Gun licences are renewed and up to date and Guns
       are serviced regularly. He will also ensure that locking system is properly
       managed.


   •   Dy. Manager Law: With a view to provide advises on legal matters to
       the branches in the module, a law dept has been setup in each module.
       The Law officer is a specialist officer with legal background. He will
       provide expert opinion on legal matters, empanel the advocates and
       follow-up cases with the advocates and branches. He will scrutinise
       agreements and study the legal implications relating to various banking
       decisions. At times he will oversee the cases relating to the Bank in
       Courts, Debt Recovery tribunals, Ombudsman and Consumer forums.

BABASABPATIL                                                              Page 39
An Organisational Study on State Bank of India- Zonal Office, Bangalore



   •   Dy. Manager Engineering: In order to enable the branches and the
       operating staff to take decisions regarding Civil & Electrical works a
       section headed by engineer is functional at the Zonal Office. The
       Engineer who will be reporting to the DGM will evaluate the estimates
       and plans .He will also supervise the constructions and will also monitor
       the works subcontracted to contractors. He will also scrutinise the Bills
       submitted by the contractors and countersign the Bills.


   •   Sr. Medical Officer: With a view to provide Medical assistance to the
       Staff, Bank has setup a Medical section headed by a senior medical
       officer is set up at the Zonal Office. The Medical Officer will provide
       Health care service to the staff. He will also scrutinise the medical bills of
       staff. He will also undertake medical examination of new recruits.


   •   Manager Official Languages: He is responsible for the implementation
       of the Official language policy of Govt of India, in the branches and
       module. He has to ensure progressive use of Hindi and Regional
       language (Kannada in Bangalore Module), in day to day operations
       within and with the customers. He will receive quarterly returns from the
       branches and take steps to achieve the targets. He will also arrange for
       training the staff in Hindi & Kannada. Translate Circulars, letters etc from
       English to Hindi/ Kannada. Ensure usage of Bi/ Tri lingual stamps, letter
       heads and computer application packages.




   •   Manager Computer& Communications: As the Bank is totally
       computerised; there is a need to provide ongoing software & hardware
       support to the branches. With the above in view a specialised section
       under the Manager Computer& Communications is functional at the
       Zonal office. He is assisted by Project officers who will help in

BABASABPATIL                                                                 Page 40
An Organisational Study on State Bank of India- Zonal Office, Bangalore


       computerising the branches and software updates. A Communication
       Engineer in the section will help manage the communication network &
       equipments


   •   Chief Manager Office Administration: All payments including Salary
       and allowances to the staff made in the Zonal office are made by the
       Office Administration Dept in the Zonal Office. All the Clerical and
       Subordinate staff working in the Zonal office are under the Chief
       Manager Office Administration.


   •   AGMs of Regions: A Module in SBI comprises of 3-6 regions which are
       headed by AGMs. Each region is a mini module controlling 25-35
       branches and is responsible for the business growth; smooth functioning
       of the branches, quality of assets, customer service and personnel
       Management. There are 5 Regions in Bangalore Module .The AGM of
       the region is assisted by the following officials :


        o Branch Managers: The Heads of branches who will ensure
            smooth functioning of the branches and are responsible for branch
            operations.
        o Chief Manager (Credit Support cell): Stationed at Regional office
            and will monitor the credit portfolio in the region.
        o Chief Manager(General Banking): Stationed at the Regional
            Office is in charge of all Banking Operations like , budgeting,
            Performance monitoring, Premises , Fixed Assets, all Banking
            activities other than Advances etc.. In the Region. He will
            functionally report to AGM(Operations of the Module)
        o Manager (NPA): Stationed at Regional office and will monitor the
            NPAs in the region.




BABASABPATIL                                                            Page 41
An Organisational Study on State Bank of India- Zonal Office, Bangalore


        o Manager(Staff in charge) Stationed at Regional office and is in
            charge of staff matters including transfers, training and disciplinary
            matters
        o Dy. Manager (I&A): Stationed at Regional office and will oversee
            the Compliance of Inspection reports, ensuring the health of
            branches.


   •   AGM (Regional Business Office): With a view to take the controllers
       nearer to place of operations some of the AGMs of regions will be
       stationed out side the module HQ. Their functions are same as that of
       AGMs of regions. RBO of Region III in Bangalore module is located at
       Mangalore.




   •   AGMs of Branches: All Branches with more than Rs.1000million
       business are headed by AGMs, who in turn manage these branches
       through Divisional Managers heading various business segments in the
       branch. and will ensure smooth functioning of the branches and are
       responsible for branch operations. He will directly report to the DGM of
       the module. There are 18 direct branches in Bangalore Module




BABASABPATIL                                                              Page 42
An Organisational Study on State Bank of India- Zonal Office, Bangalore


                              SWOT ANALYSIS


STRENGTH:


Many new generation banks both private and foreign have entered the banking
industry and these banks offer new products at competitive rates.
In this scenario, the bank has defined its competitive advantage as:


   Vast branch network spread all over the country.
   Advancement in technology upgradation.
   Low NPA ratio
   SBI & Associates is the largest bank in India
   Branch network has also spread overseas.
   Well trained personnel to handle specialised products.
   Provides innovative products and services.




WEAKNESS:


   High cost of funds.
   Insufficient banking hours.
   Inability to make good use of advertising to attract customers.
   Old fashioned ambience.
   Some of the branches not being fully computerised.
   Non availability of a centralised customer database.




BABASABPATIL                                                             Page 43
An Organisational Study on State Bank of India- Zonal Office, Bangalore




OPPORTUNITY:


In the banking sector, technology is finding its application in product
delivery/access, productivity, performance, product design and above all
adapting to market and customer needs.
This can significantly add to the competitive advantage and promote the services
to clients.




THREAT:


   Size has become an important issue in Indian banking parlance. There are
    bound to be mega mergers and acquisitions.
   Increasing pressure on asset quality, decreasing margins and competition.
   Banks, especially PSB’s are at the receiving end of certain developments
    including policy changes, for instance the ongoing clamour to lower the
    interest rates.
   Stiff competition from other industrial rivals.




BABASABPATIL                                                              Page 44
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                JOB SATISFACTION – AN OVERVIEW


Job satisfaction refers to one’s feeling towards one’s job. It can only be inferred
but not seen.


Job satisfaction is often determined by how well outcomes meet or exceed expectations.
Satisfaction in one’s job means increased commitment in the fulfilment of formal requirements.
There is greater willingness to invest personal energy and time in job performance.


The terms job satisfaction and job attitudes are typically used interchangeably. Both refer to
effective orientation on the part of individuals towards their work roles which they are presently
occupying. Positive attitudes towards the job are conceptually equivalent to job satisfaction and
negative attitudes towards the job indicate job dissatisfaction.




Consequences of Job Satisfaction:


High job-satisfaction may lead to improved productivity, increased turnover, improved attendance,
reduced accidents, less job stress and lower unionisation.


Productivity


The relationship between satisfaction and productivity is not definitely established. The
consensus, however, is that in the long run job-satisfaction leads to increased productivity. But,
four decades of research into this issue, unfortunately does not support to this belief.




BABASABPATIL                                                                 Page 45
An Organisational Study on State Bank of India- Zonal Office, Bangalore




Satisfaction and absences:


Correlation of satisfaction to absenteeism is also improved conclusively. Absenteeism is high
when satisfaction id low. The degree to which people feel that their jobs are important has a
moderating influence on their absences. While high job-satisfaction will not necessarily result in
low absenteeism, low satisfaction is likely to bring about high absenteeism.


Satisfaction and job stress:


Chronic job-dissatisfaction is a powerful source of job stress. The employee may see no
satisfactory short-term solution to escaping this type of stress. An employee trapped in a
dissatisfying job may withdraw by such means as high absenteeism and tardiness, or the
employee may quit.




Measurement of Job satisfaction


This provides an index of organisational effectiveness. The three primary methods of measuring
job satisfaction are:




o Attitude Surveys


o Observing actual behaviour


o Conducting executive rapport sessions




BABASABPATIL                                                                Page 46
An Organisational Study on State Bank of India- Zonal Office, Bangalore




Sources of Job Satisfaction:


o Wage structure
o Nature of work
o Promotions
o Work group
o Working conditions
o Supervision




BABASABPATIL                                                            Page 47
An Organisational Study on State Bank of India- Zonal Office, Bangalore


                     RESEARCH METHODOLOGY


Background of the study


Job satisfaction is a widespread problem. Productivity, efficiency are related to
work force. To achieve those one should be committed to the organisation to the
long term. This in turn depends on the level of job satisfaction and the morale of
the employees.
Job satisfaction improves the performance of an organisation.




Statement of the problem


The research problem selected is entitled as “Job satisfaction of employees in
SBI, Zonal Office, Bangalore”.


Need and importance of study


o This study is undertaken to find out the level of job satisfaction among the
   employees of SBI. Moreover, this study is to know the impact of working
   conditions, company policies and its impact on the job satisfaction.


o This study will help the organisation to design their job satisfaction
   programme.


o Management can decide whether the existing job satisfaction programme
   should be continued or revised.




BABASABPATIL                                                               Page 48
An Organisational Study on State Bank of India- Zonal Office, Bangalore


Hypothesis:


o There exists no difference in the perception of job satisfaction as perceived by
   employees of SBI


o There exists difference in the perception of job satisfaction as perceived by
   employees of SBI.


Primary Objective


o To study the level of job satisfaction in SBI


Secondary Objectives




o To study the effects and outcomes of job dissatisfaction


o To identify potential causes for job satisfaction


o To measure the level of job satisfaction in relation to various factors like the
   physical and social environment, training and development, goals, rewards
   remuneration etc.


Scope


This study is undertaken to find out the level of job satisfaction among the
employees of SBI, Zonal Office, Bangalore.




BABASABPATIL                                                              Page 49
An Organisational Study on State Bank of India- Zonal Office, Bangalore



Limitation


o The sample size was limited


o It includes the officers and clerks of the Zonal Office only and not the
   organisation as a whole.


o Respondents did not answer a few questions.


o Opinion of the respondents may be raised.


o The study is sensitive in nature and there might be a colour of bias in
   answering the questionnaire.


Sources of Data:


Primary Data:


Primary data has been collected through administering the questionnaires
personally to employees of SBI. The response will be analysed and evaluated to
extract the required information.


Secondary Data:


Secondary data has been collected by way of personal meeting with employees
of SBI and also various reports collected from them.
Information was also collected from websites, brochures, bank journals,
magazines etc.




BABASABPATIL                                                             Page 50
An Organisational Study on State Bank of India- Zonal Office, Bangalore


Sample size:


The sample size considered for the research is 50.


Sampling technique:


The sampling technique used is simple random sampling.


Research Instrument:


The instruments used for research are mainly questionnaires and interviews.
A set of questionnaires was presented to respondents. Because of its flexibility, it
is by far the most common instrument used to collect primary data. Questions
were carefully developed, tested and debugged before administering in a large
scale.


The questions and their form, wording and sequence were carefully chosen.
Close ended questions were chosen specifying all possible answers
Under close-ended questions, the following types of questions were asked in the
questionnaire.




BABASABPATIL                                                                Page 51
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                                 Data Analysis

The various parameters selected for analysing the job satisfaction level are:


   Remuneration
   Training & Development
   Communication
   Goals
   Teamwork
   Promotions
   Leadership
   Rewards & Punishment
   Social Environment
   Physical Environment


Previously conducted surveys prove that the above mentioned parameters have
a highly positive correlation with the job satisfaction level.
Feedback given by the employees regarding the above mentioned parameters
have been analysed to find out the employees perception about these
parameters and thereby the overall job satisfaction level is measured.




BABASABPATIL                                                               Page 52
An Organisational Study on State Bank of India- Zonal Office, Bangalore




          Graph depicting the satisfaction level with respect to Remuneration:




    Satisfaction level         percentage (%)


    To a very small extent          nil

    To a small extent               21.2

    To a large extent               48.8

    To a very large extent          31




                                    Remuneration




                             0.0%         21.2%
                 30.0%                                   To a very small extent
                                                         To a small extent
                                                         To a large extent
                                                         To a very large extent
                                    48.8%




                                    Graph 1


    21.2% of the employees are satisfied with the remuneration to a small extent.

    48.8% of the employees are satisfied with their remuneration to a large extent

    31% of the employees are very much satisfied with their remuneration.




BABASABPATIL                                                                      Page 53
An Organisational Study on State Bank of India- Zonal Office, Bangalore




   Graph depicting satisfaction level regarding Training & Development:




Satisfaction level              percentage (%)


To a very small extent          0

To a small extent               28.3

To a large extent               34.6

To a very large extent          37.1




                         Training & Development




                         0.0%
                                        28.3%      To a very small extent
       37.1%
                                                   To a small extent
                                                   To a large extent
                                                   To a very large extent
                                34.6%




                                         Graph 2




BABASABPATIL                                                                Page 54
An Organisational Study on State Bank of India- Zonal Office, Bangalore



 Graph depicting satisfaction level regarding Communication with peers
                             and superiors:


Satisfaction level            percentage (%)


To a very small extent             3.4

To a small extent                 26.6

To a large extent                 43.2

To a very large extent            26.8


                                  Communication




                               3.4%
                26.8%                                   To a very small extent
                                            26.6%
                                                        To a small extent
                                                        To a large extent
                                                        To a very large extent
                          43.2%




                                         Graph 3

      3.4% of the employees feel very uncomfortable to communicate with their
       peers and superiors.
      26.6% of the employees are satisfied to a small extent with regard to
       communication.
      43.2% of the employees a satisfied to a large extent with regard to
       communication.
      26.8% of the employees to a very large extent are comfortable in
       communicating with their superiors and peers.



BABASABPATIL                                                                     Page 55
An Organisational Study on State Bank of India- Zonal Office, Bangalore




  Graph depicting how clear are the employees regarding goals of their
                   departments and the organisation.



            Satisfaction level             percentage (%)


         To a very small extent             6.6

         To a small extent                  10

         To a large extent                  56.6

         To a very large extent             26.8




                                         Goals




                                  6.6%
                 26.8%                    10.0%
                                                            To a very small extent
                                                            To a small extent
                                                            To a large extent
                                                            To a very large extent
                                    56.6%




                                         Graph 4

           6.6% of the employees are not very clear with their goals.
           10% of the employees are clear to a small extent with their goals.
           56.6% of the employees are clear with their goals to a large extent.
           26.8% of the employees do not have any confusion with regard to
            their goals.


BABASABPATIL                                                                    Page 56
An Organisational Study on State Bank of India- Zonal Office, Bangalore




 Graph showing the extent of teamwork present between the employees



         Satisfaction level             percentage (%)


         To a very small extent              8.12

         To a small extent                  34.87

         To a large extent                  53.98

         To a very large extent             3.03



                                       Teamwork




                              3.0%   8.1%
                                                         To a very small extent
                                                         To a small extent
                                              34.9%      To a large extent
             54.0%
                                                         To a very large extent




                                        Graph 5

      8.1% of the employees are satisfied with teamwork to a very small extent.
      34.87% of the employees are satisfied with teamwork to a small extent.
      53.98% of the employees to a large extent are satisfied with teamwork.
      3.03% of the employees are satisfied with teamwork to a very large extent.




BABASABPATIL                                                                      Page 57
An Organisational Study on State Bank of India- Zonal Office, Bangalore




        Graph depicting the satisfaction level regarding promotions.


       Satisfaction level            percentage (%)


       To a very small extent             18.18

       To a small extent                  32.24

       To a large extent                  36.57

       To a very large extent             13.01



                                          Promotions




                             13.0%           18.2%
                                                              To a very small extent
                                                              To a small extent
                                                              To a large extent
                     36.6%                        32.2%       To a very large extent




                                      Graph 6

      18.18% of the employees are dissatisfied with promotions.
      32.24% of the employees are satisfied with promotions to a small extent.
      36.57% of the employees are satisfied with promotions to a large extent.
      13.01% of the employees are satisfied with promotions to a very large
       extent.




BABASABPATIL                                                                 Page 58
An Organisational Study on State Bank of India- Zonal Office, Bangalore




 Graph indicating satisfaction level regarding the leadership of superiors.


              Satisfaction level            percentage (%)


              To a very small extent            16.7

              To a small extent                 33.3

              To a large extent                 50

              To a very large extent            0



                                       Leadership




                              0.0%      16.7%
                                                             To a very small extent
                                                             To a small extent
            50.0%                                            To a large extent
                                            33.3%            To a very large extent




                                        Graph 7



      16.7% of the employees are very much dissatisfied with leadership.
      33.3% of the employees are dissatisfied with leadership to a small extent.
      50% of the employees are satisfied with leadership to a large extent.




BABASABPATIL                                                                          Page 59
An Organisational Study on State Bank of India- Zonal Office, Bangalore



Graph depicting the satisfaction level of the employees regarding Rewards
                               & Punishment


              Satisfaction level          percentage (%)


              To a very small extent      19.8

              To a small extent           40.1

              To a large extent           32.6

              To a very large extent      7.5



                                Rewards & Punishment




                         7.5%          19.8%
                                                           To a very small extent
            32.6%                                          To a small extent
                                                           To a large extent
                                                           To a very large extent
                                        40.1%




                                       Graph 8

      19.8% of the employees feel that rewards & punishment system is not
       very effective.
      40.1% of them feel that rewards & punishment system is effective to a
       small extent.
      32.6% of them feel that rewards & punishment system is effective to a
       large extent.
      7.5% of the employees are very much satisfied with rewards &
       punishment system.


BABASABPATIL                                                                        Page 60
An Organisational Study on State Bank of India- Zonal Office, Bangalore



Graph indicating satisfaction level regarding the social environment of the
                                work place.


              Satisfaction level            percentage (%)


              To a very small extent        2.03

              To a small extent             28.74

              To a large extent             52.63

              To a very large extent        16.60



                                   Social Environment




                   16.6%          2.0%
                                            28.7%            To a very small extent
                                                             To a small extent
                                                             To a large extent
                                                             To a very large extent
                    52.6%




                                         Graph 9

      2.03% of the employees are very much dissatisfied with the social
       environment.

      28.74% of the employees are satisfied with the social environment to a
       small extent.

      52.6% of them are satisfied with the social environment to a large extent.

      16.6% of the employees are satisfied with the social environment to a very
       large extent.



BABASABPATIL                                                                          Page 61
An Organisational Study on State Bank of India- Zonal Office, Bangalore



 Graph indicating satisfaction level regarding the physical environment of
                               the workplace



              Satisfaction level           percentage (%)


        To a very small extent             16

        To a small extent                  39.6

        To a large extent                  30.4

        To a very large extent             14



                                 Physical Environment




                    14.0%              16.0%
                                                            To a very small extent
                                                            To a small extent
                                                            To a large extent
            30.4%
                                          39.6%             To a very large extent




                                      Graph 10

      16% of the employees are not very happy with the physical environment.
      39.6% of them are satisfied with the physical environment to a small
       extent.
      30.4% of the employees are satisfied with the physical environment to s
       large extent.
      14% of the employees are very much happy with the physical environment
       of the organisation.


BABASABPATIL                                                                         Page 62
An Organisational Study on State Bank of India- Zonal Office, Bangalore


                                     Findings


Hurdling may be an appropriate metaphor for what researchers face when the
fact is considered that learning to hurdle makes better runners. This research
involved multifarious hurdles; but the outcome of the struggle has been fruitful
from the bank’s perspective as well as from the researcher’s perspective.
The findings arrived at from “A SURVEY ON JOB SATISFACTION”, are
summarised as under:




   About 58.8% of the employees are very much satisfied with the remuneration.
    41.2 % of the employees are not satisfied with the remuneration to a great
    extent.
   The employees are very satisfied with the medical and scholarship facilities
    provided to their family and children.
   An employee gets 100% reimbursement of medical expenses and 75%
    reimbursement of medical expenses to his/her family.
   The training facilities of the bank are extremely good. Most of the employees
    are satisfied with the amount of training given to them in 1 year.
   The employees feel that the training provided to them helps them in their work
    to a great extent.
   Communication between the peers and superiors is good. About 30% of the
    employees feel a little uncomfortable in communicating with their superiors.
   A major portion of the employees are very clear with the goals of their
    departments and the organisation.
   About 16.6% of the employees are not very clear with their goals. Further
    investigation revealed that most of them who were unclear with their goals
    were new comers to their concerned departments.



BABASABPATIL                                                                Page 63
An Organisational Study on State Bank of India- Zonal Office, Bangalore


   About 56% of the employees feel that the team work in their respective
    departments is excellent. Again, these are from the department where team
    work was rewarded.
   In departments where teamwork was not rewarded, teamwork and
    cooperation was not very apparent.
   50.42% of the employees were not satisfied with the promotions. Most of the
    felt that promotions have been long overdue.
   Most of the employees also felt that they have been denied promotion many a
    times.
   50% of the employees were happy with their superior’s leadership. They felt
    that their bosses’ took personal interest in the employee’s growth.
   The other 50% of the employees were not very much satisfied with their
    superior’s leadership. Since the opinion is precisely divided into 2 halves, this
    issue clearly has got to do with the kind of superiors present in each
    department.
   The reward and punishment system is fairly good but that very much effective
    according to 59.9% of the employees.
   Employees stated that if an employee is charged under a certain crime, it
    takes a very long time for the matter to be settled. In the course of time the
    intensity of the matter reduces to a great extent.
   69.23% of the employees are very much content with the social environment
    of the workplace. Most of the employees share a very good relationship with
    one another even outside the organisation. This definitely brings a good effect
    on the social environment as well.
   The physical environment of the bank is very good. Most of the employees
    are satisfied with the workspace provided to them.
   The officers are provided with sufficient workspace. Some of the clerical staff
    feels that the space provided for work is not sufficient.
   All the employees feel much secured about their jobs. This sense of security
    makes them a part of the organisation’s growth.



BABASABPATIL                                                                 Page 64
An Organisational Study on State Bank of India- Zonal Office, Bangalore


   Since SBI is the largest bank in India, the employees feel good to be
    associated with this bank as it also has an international repute.
   The overall job satisfaction level of the employees is extremely good. The
    extremely good figure could be attributed to the job security in public sector
    banks and also the satisfaction level considered from the other attributed
    mentioned.
   Also, the average no. of years of service on an employee being 14.8 yrs.
    justifies the reason for an extremely good job satisfaction level.




BABASABPATIL                                                              Page 65
An Organisational Study on State Bank of India- Zonal Office, Bangalore




                               SUGGESTIONS


After analysing the feedback given by the employees, the following suggestions
can be considered to improve the job satisfaction level:




   Since all major banks are fully computerised, some of the older employees
    are not well versed with the usage of computers; thorough training should be
    given to such employees as it will help them to carry out their job more
    efficiently.
   With the entry of private players, SBI is facing tough competition with banks
    like ICICI, HSBC etc. Therefore, the staff should be trained so that they can
    face the competition. They should be adequately trained about the modern
    ways of banking.
   The software and hardware equipments should be maintained properly so
    that work can be carried out smoothly.
   Since, employees of public sector banks are prone to transfers; technical
    know – how should be considered before transferring an employee. This will
    increase the productivity of the employee.
   Also, the bank need not spend additional money on training an employee for
    a particular job.
   Also, needy employees must be granted a transfer on special conditions.
   Job rotation should be done especially for clerical jobs, as the same kind of
    work leads to boredom.
   Strong emphasis should be laid on team work.
   Leaders must stress on team building.



BABASABPATIL                                                              Page 66
An Organisational Study on State Bank of India- Zonal Office, Bangalore



   Employees must be encouraged to participate in decision making. The
    employee giving the most valuable suggestion must be rewarded.
   Team work must be compulsorily rewarded to further motivate employees.
   The rigid policies of promotion must be done away with. Instead, deserving
    employees must be promoted. This will lead to better job satisfaction.
   The democratic way of looking at things is obsolete. It hampers growth.
    Hence, managers must have a global view.
   Rewarding system should be made more transparent.
   Each department should select “Employee of the month”. That particular
    employee must be rewarded for his/her hard work. This type of social
    recognition leads to high self esteem in the employee thus, leading to better
    job satisfaction.
   Informal get-togethers can be organised in order to facilitate better
    relationships among the employees.




BABASABPATIL                                                                 Page 67
An Organisational Study on State Bank of India- Zonal Office, Bangalore


                                 CONCLUSION


I had an enriching experience during the internship. I learnt a great deal of things
by being a part of the team in group discussions. It has also exposed me to the
work style and outlook services offered by the organisation.


The future of an organisation largely depends on its productivity and productivity
depends on the employees who work for the organisation. If the employees are
very productive in nature, no one can beat the organisation. To make the
employees more productive, the organisation should try to satisfy the employees
to the maximum extent. Every organisation must conduct employee survey every
year to compare the present satisfaction level with the past. These surveys help
to indicate the mirror of management in the minds of the employee as well as
management about their feelings, opinions and attitude.


Observations, interviews and questionnaire feedback helped me to understand
the perception of job satisfaction.
From various feedback obtained, It can be concluded that the job satisfaction
level of employees is very high in State Bank of India, Zonal Office, Bangalore.
Employees are proud to be associated with State Bank of India and it is an
extremely good organisation to work with.




BABASABPATIL                                                                Page 68
An Organisational Study on State Bank of India- Zonal Office, Bangalore


Cadre:    -----------------------                    Grade:      ----------------------

No. of years of service in the organisation:         --------------------------------------

Rate the following on a scale of 1 - 4        (Circle any one)

1 - To a very small extent                           2 - To a small extent
3 - To a large extent                                4 - To a very large extent

To what extent:

1) Do you receive regular feedback about your job performance?

                        1-----2-----3-----4

2) Do you feel free to communicate with your superiors?

                        1-----2-----3-----4

3) Are the important decisions of your department communicated to you?

                        1-----2-----3-----4

4) Is the amount of work you are expected to do reasonable?

                        1-----2-----3-----4

5) Are the individual differences respected?( educational background, gender,
   race)

                        1-----2-----3-----4

6) Are your opinions and suggestions heard and welcomed?

                        1-----2-----3-----4

7) Are you satisfied with the general amenities like canteen, toilet facilities etc.?

                        1-----2-----3-----4

8) Are you satisfied with the workspace provided to you?

                        1-----2-----3-----4

9) Is teamwork and cooperation present among individuals?



BABASABPATIL                                                                         Page 69
An Organisational Study on State Bank of India- Zonal Office, Bangalore


                     1-----2-----3-----4

10)Is teamwork rewarded?

          Yes             No

11)Are you satisfied with your remuneration?

                     1-----2-----3-----4

12)Are you satisfied with your appraisal system?

                     1-----2-----3-----4

13) When was your last promotion? (no. of years)


14) Do you feel it is high time you got promoted

          Yes              No

To what extent:

15)Are you satisfied with the medical facilities?

                     1-----2-----3-----4

16) Are you satisfied with the education and scholarship facilities provided to
   your children?

                     1-----2-----3-----4

17) Do you receive rewards and recognition for work well done?

          Always       Sometimes           Usually     Never

18) Is the reward and punishment system effective?

                     1-----2-----3-----4

19)Are you clear about the goals of your department?

                     1-----2-----3-----4

20)Are you clear with the goals expected from you?



BABASABPATIL                                                                Page 70
An Organisational Study on State Bank of India- Zonal Office, Bangalore


                    1-----2-----3-----4

21) Are you clear about the company’s vision and goals?

                    1-----2-----3-----4

22) How good is the quality of training being given?


          Poor      Satisfactory          Good   Very good    Excellent



To what extent:

23)Do your superiors give attention to your training needs?

                    1-----2-----3-----4

24) Has the training you received helped you to do your job better?

                    1-----2-----3-----4

25) Are you satisfied with the amount of time you have spent on training in the
past 1 year?

                    1-----2-----3-----4

26) Do your superiors focus on team building and teamwork?

                    1-----2-----3-----4

27) Do your superiors pay attention to your grievances?

                    1-----2-----3-----4

28) Do your superiors motivate you?

                    1-----2-----3-----4


29) Are you satisfied and proud of working for the organisation?

                    1-----2-----3-----4

30) What is the culture of your organisation?

BABASABPATIL                                                               Page 71
An Organisational Study on State Bank of India- Zonal Office, Bangalore



   Authoritarian    Participative    Mechanistic       Organic


31) Considering everything how satisfied are you with your job?

   Very dissatisfied           somewhat dissatisfied
   Somewhat satisfied          Very satisfied


32) Mention in brief what you feel could be done to improve the overall working
conditions




BABASABPATIL                                                              Page 72
An Organisational Study on State Bank of India- Zonal Office, Bangalore




BABASABPATIL                                                            Page 73
An Organisational Study on State Bank of India- Zonal Office, Bangalore




   Graph depicting the overall job satisfaction level of the employees


            Satisfaction level             percentage (%)


            To a very small extent          0

            To a small extent               0

            To a large extent               56.25

            To a very large extent          43.75



                                  Job Satisfaction



                                 0.0%
                                 0.0%                       To a very small extent
          43.8%
                                                            To a small extent
                                                            To a large extent
                                             56.3%
                                                            To a very large extent




                                        Graph 11




BABASABPATIL                                                                         Page 74
An Organisational Study on State Bank of India- Zonal Office, Bangalore


      The job satisfaction level of SBI, Zonal office, Bangalore is extremely
       good.
      56.25% of the employees are happy with their job to a large extent.
      43.75% of the employees are very much happy with their jobs.




BABASABPATIL                                                                 Page 75
An Organisational Study on State Bank of India- Zonal Office, Bangalore




BABASABPATIL                                                            Page 76
An Organisational Study on State Bank of India- Zonal Office, Bangalore




BABASABPATIL                                                            Page 77

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Job satisfaction @ sbi project report mba hr

  • 1. An Organisational Study on State Bank of India- Zonal Office, Bangalore Executive Summary Industry profile: The banking industry in India today comprises of 27 public sectors, 31 private banks and 29 foreign banks. The Indian banking sector is headed for consolidation. The presence of many regional players will see few banks emerging as global competitors. Moreover, the likely rise in interest rates will see bank margins under pressure. Treasury gains may wilt in the current scenario. Bank profits in future may again be driven by core income. Indian banking industry in general and SBI in particular has positioned itself to take advantage of such economic growth, India is likely to achieve. Company profile: There are a total of 350 Commercial banks in the country, with more than 70,000 offices. STATE BANK OF INDIA owns 28% percent of these along with its seven associates. The bank has reach. Its three-and-a-half times the size of the next biggest bank, and bigger still than the next five banks put together. The bank has dominance. It has 28% percent of the total banking business in India. Despite its sheer size, and the legacy of the public sector, the bank is surprisingly nimble. It’s computerizing its branches at a rapid pace, having already done so in 4,000 branches. It hopes to computerize 95% of the branch network by September 2005, and all the branches by December 2005. The bank has tied with TCS to develop core banking solutions, which will help network the branches. BABASABPATIL Page 1
  • 2. An Organisational Study on State Bank of India- Zonal Office, Bangalore For the moment, SBI is distancing itself from its old ways and charting new territories. A few years from now people will be asking whether it can remain efficient despite the high -growth blueprint. But for now, it can be safely said; the bank is moving forward and taking on competition head on. Products, services and departments The bank has brought about a lot of innovation in its products and departments and has come out with various schemes. SBI is providing quality services for its customers, and has been successful in keeping their customers happy. With the support of the investors and customers and the efficient endeavours of the staff, the bank is living upto the expectations of all concerned. My learning: My internship training at State Bank of India was indeed a learning experience. The organisation study has enhanced my knowledge regarding many aspects of administration. . I also got the opportunity to interact with the staff of SBI which proved to be very educative. It was overall a very wonderful and splendid experience which I wholly cherish. BABASABPATIL Page 2
  • 3. An Organisational Study on State Bank of India- Zonal Office, Bangalore INDUSTRY PROFILE Banking in India has its origin as early as the Vedic period. It is believed that the transition from money lending to banking must have occurred even before. Manu, the great Hindu jurist who has devoted a section of his work to deposits and advances and laid down rules relating to rates of interest. During the mogul period, the indigenous bankers played a very important role in east India Company; it was the turn of the agency houses to carry on the banking business. The general bank of India was the 1st joint stock bank to be established in the year 1786. The others that followed were the Bank of Hindustan and the Bengal Bank failed in the meantime. In the 1st half of 19th century the East India Company established 3 banks: The Bank of Bengal in 1809. The Bank of Bombay in 1840 and The Bank of Madras in 1843. These 3 banks also known as Presidency Banks were independent units and functioned as well. These 3 banks were amalgamated in 1920 and a new bank, the Imperial Bank of India was established on 27th Jan 1921. With the passing SBI act in 1955, the undertaking of the Imperial Bank of India was taken over by the newly constituted State Bank of India. The RBI which is the central bank of India was created in 1935, by passing RBI act 1934. In the wake of the swadeshi movement, a no. of banks with Indian management were established in the country namely, Punjab National Bank ltd., Bank of India ltd., Canara Bank Ltd., Indian Bank Ltd., the Bank of Baroda Ltd., the Central Bank of India Ltd.On July 19, 1969, 14 major banks of the country were nationalised and on 15th April 1980, 6 more commercial private banks were also taken over by the Government. BABASABPATIL Page 3
  • 4. An Organisational Study on State Bank of India- Zonal Office, Bangalore Today, the commercial banking system in India may be distinguished into: 1. public sector banks o SBI and its associate banks called the State Bank group. o 20 nationalised banks. o Regional rural banks mainly sponsored by public sector banks. 2. private sector banks o Old generation private banks. o New generation private banks. o Foreign banks in India. o Scheduled co operative banks. o Non-scheduled banks. BABASABPATIL Page 4
  • 5. An Organisational Study on State Bank of India- Zonal Office, Bangalore Indian Financial System The Indian Financial System is broadly classified into 2 groups: 1. Organised sector. 2. Unorganised sector. The financial system is also divided into users of financial services and providers. Financial institutions sell their services to households, businesses and government who are all the users of financial services. The providers of financial services are: 1. central Bank 2. other banks 3. Financial institutions. 4. money and capital markets 5. Informal financial enterprises. The organised financial system comprises the following subsystems: 1. The Banking System. 2. The Cooperative System. 1. Development Banking System. a. Public Sector b. Private Sector. 2. Money Markets. 3. Financial companies/Institutions BABASABPATIL Page 5
  • 6. An Organisational Study on State Bank of India- Zonal Office, Bangalore The unorganised sector comprises of money lenders, indigenous bankers, pawn brokers, landlords, traders etc. there are also a host of financial companies, chit funds etc. in the unorganised sector. The central bank or the government does not regulate these in a systematic manner. Banking Scenario in India A strong and vibrant banking sector with a network of over 54,500 branches supports Indian economy. Besides, a no. of national and state level financial institutions, a large no. of domestic and foreign institutional investors, investment funds, equipment leasing companies and venture capitalists add vigour to Indian banking arena. In the recent years, Indian banking system is undergoing an existential crisis. In the pre-privatization period, were never ensconced in the financial sector. Then came the banking regulation act of 1993, which opened the floodgates for foreign banks. Foreign banks are in the fray, forcing their Indian counterparts to adopt a customer centric approach. Merger of banks is also a recent phenomenon. Some of them are Times Bank with HDFC Bank, Bank of Madura with ICICI Bank and the recent Global Trust Bank with Oriental Bank of Commerce. IT in Banking Indian banking industry, today is in the midst of an IT revolution. A combination of regulatory and competitive reasons has lead to increasingly importance of total banking automation in the Indian banking industry. Competition, growing expectations of customers and increased awareness among customers has led to the IT aspect in banking. BABASABPATIL Page 6
  • 7. An Organisational Study on State Bank of India- Zonal Office, Bangalore Evolution of State Bank of India The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806. Three years later the bank received its charter and was re- designed as the Bank of Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921. Primarily Anglo-Indian creations, the three presidency banks came into existence either as a result of the compulsions of imperial finance or by the felt needs of local European commerce and were not imposed from outside in an arbitrary manner to modernize India's economy. Their evolution was, however, shaped by ideas culled from similar developments in Europe and England, and was influenced by changes occurring in the structure of both the local trading environment and those in the relations of the Indian economy to the economy of Europe and the global economic framework. Bank of Bengal H.O. BABASABPATIL Page 7
  • 8. An Organisational Study on State Bank of India- Zonal Office, Bangalore Establishment The establishment of the Bank of Bengal marked the advent of limited liability, joint-stock banking in India. So was the associated innovation in banking, viz. the decision to allow the Bank of Bengal to issue notes, which would be accepted for payment of public revenues within a restricted geographical area. This right of note issue was very valuable not only for the Bank of Bengal but also its two siblings, the Banks of Bombay and Madras. It meant an accretion to the capital of the banks, a capital on which the proprietors did not have to pay any interest. The concept of deposit banking was also an innovation because the practice of accepting money for safekeeping (and in some cases, even investment on behalf of the clients) by the indigenous bankers had not spread as a general habit in most parts of India. But, for a long time, and especially upto the time that the three presidency banks had a right of note issue, bank notes and government balances made up the bulk of the investible resources of the banks. The three banks were governed by royal charters, which were revised from time to time. Each charter provided for a share capital, four-fifth of which were privately subscribed and the rest owned by the provincial government. The members of the board of directors, which managed the affairs of each bank, were mostly proprietary directors representing the large European managing agency houses in India. The rest were government nominees, invariably civil servants, one of whom was elected as the president of the board. BABASABPATIL Page 8
  • 9. An Organisational Study on State Bank of India- Zonal Office, Bangalore Group Photograph of Central Board (1921) Business: The business of the banks was initially confined to discounting of bills of exchange or other negotiable private securities, keeping cash accounts and receiving deposits and issuing and circulating cash notes. Loans were restricted to Rs.one lakh and the period of accommodation confined to three months only. The security for such loans was public securities, commonly called Company's Paper, bullion, treasure, plate, jewels, or goods 'not of a perishable nature' and no interest could be charged beyond a rate of twelve per cent. Loans against goods like opium, indigo, salt woolens, cotton, cotton piece goods, mule twist and silk goods were also granted but such finance by way of cash credits gained momentum only from the third decade of the nineteenth century. All commodities, including tea, sugar and jute, which began to be financed later, were either pledged or hypothecated to the bank. Demand promissory notes were signed by the borrower in favor of the guarantor, which was in turn endorsed to the bank. Lending against shares of the banks or on the mortgage of houses, land or other real property was, however, forbidden. Indians were the principal borrowers against deposit of Company's paper, while the business of discounts on private as well as salary bills was almost the exclusive monopoly of individuals Europeans and their partnership firms. But the main function of the three banks, as far as the government was concerned, was BABASABPATIL Page 9
  • 10. An Organisational Study on State Bank of India- Zonal Office, Bangalore to help the latter raise loans from time to time and also provide a degree of stability to the prices of government securities. Old Bank of Bengal Major change in the conditions A major change in the conditions of operation of the Banks of Bengal, Bombay and Madras occurred after 1860. With the passing of the Paper Currency Act of 1861, the right of note issue of the presidency banks was abolished and the Government of India assumed from 1 March 1862 the sole power of issuing paper currency within British India. The task of management and circulation of the new currency notes was conferred on the presidency banks and the Government undertook to transfer the Treasury balances to the banks at places where the banks would open branches. None of the three banks had till then any branches (except the sole attempt and that too a short-lived one by the Bank of Bengal at Mirzapore in 1839) although the charters had given them such authority. But as soon as the three presidency bands were assured of the free use of government Treasury balances at places where they would open branches, they embarked on branch expansion at a rapid pace. By 1876, the branches, agencies and sub agencies of the three presidency banks covered most of the major parts and many of the inland trade centres in India. While the Bank of Bengal had eighteen branches including its head office, seasonal branches and sub agencies, the Banks of Bombay and Madras had fifteen each. BABASABPATIL Page 10
  • 11. An Organisational Study on State Bank of India- Zonal Office, Bangalore Bank of Madras Note Dated 1861 for Rs.10 Presidency Banks Act The presidency Banks Act, which came into operation on 1 May 1876, brought the three presidency banks under a common statute with similar restrictions on business. The proprietary connection of the Government was, however, terminated, though the banks continued to hold charge of the public debt offices in the three presidency towns, and the custody of a part of the government balances. The Act also stipulated the creation of Reserve Treasuries at Calcutta, Bombay and Madras into which sums above the specified minimum balances promised to the presidency banks at only their head offices were to be lodged. The Government could lend to the presidency banks from such Reserve Treasuries but the latter could look upon them more as a favor than as a right. Bank of Madras BABASABPATIL Page 11
  • 12. An Organisational Study on State Bank of India- Zonal Office, Bangalore The decision of the Government to keep the surplus balances in Reserve Treasuries outside the normal control of the presidency banks and the connected decision not to guarantee minimum government balances at new places where branches were to be opened effectively checked the growth of new branches after 1876. The pace of expansion witnessed in the previous decade fell sharply although, in the case of the Bank of Madras, it continued on a modest scale as the profits of that bank were mainly derived from trade dispersed among a number of port towns and inland centres of the presidency. India witnessed rapid commercialization in the last quarter of the nineteenth century as its railway network expanded to cover all the major regions of the country. New irrigation networks in Madras, Punjab and Sind accelerated the process of conversion of subsistence crops into cash crops, a portion of which found its way into the foreign markets. Tea and coffee plantations transformed large areas of the eastern Terais, the hills of Assam and the Nilgiris into regions of estate agriculture par excellence. All these resulted in the expansion of India's international trade more than six-fold. The three presidency banks were both beneficiaries and promoters of this commercialization process as they became involved in the financing of practically every trading, manufacturing and mining activity in the sub-continent. While the Banks of Bengal and Bombay were engaged in the financing of large modern manufacturing industries, the Bank of Madras went into the financing of large modern manufacturing industries, the Bank of Madras went into the financing of small-scale industries in a way which had no parallel elsewhere. But the three banks were rigorously excluded from any business involving foreign exchange. Not only was such business considered risky for these banks, which held government deposits, it was also feared that these banks enjoying government patronage would offer unfair competition to the exchange banks which had by then arrived in India. This exclusion continued till the creation of the Reserve Bank of India in 1935. BABASABPATIL Page 12
  • 13. An Organisational Study on State Bank of India- Zonal Office, Bangalore Bank of Bombay Presidency Banks of Bengal The presidency Banks of Bengal, Bombay and Madras with their 70 branches were merged in 1921 to form the Imperial Bank of India. The triad had been transformed into a monolith and a giant among Indian commercial banks had emerged. The new bank took on the triple role of a commercial bank, a banker's bank and a banker to the government. But this creation was preceded by years of deliberations on the need for a 'State Bank of India'. What eventually emerged was a 'half-way house' combining the functions of a commercial bank and a quasi-central bank. The establishment of the Reserve Bank of India as the central bank of the country in 1935 ended the quasi-central banking role of the Imperial Bank. The latter ceased to be bankers to the Government of India and instead became agent of the Reserve Bank for the transaction of government business at centers at which the central bank was not established. But it continued to maintain currency chests and small coin depots and operate the remittance facilities scheme for other banks and the public on terms stipulated by the Reserve Bank. It also acted as a bankers' bank by holding their surplus cash and granting them advances against authorized securities. The management of the bank clearing houses also continued with it at many places where the Reserve Bank did not have offices. The bank was also the biggest tenderer at the Treasury bill auctions BABASABPATIL Page 13
  • 14. An Organisational Study on State Bank of India- Zonal Office, Bangalore conducted by the Reserve Bank on behalf of the Government. The establishment of the Reserve Bank simultaneously saw important amendments being made to the constitution of the Imperial Bank converting it into a purely commercial bank. The earlier restrictions on its business were removed and the bank was permitted to undertake foreign exchange business and executor and trustee business for the first time. Imperial Bank The Imperial Bank during the three and a half decades of its existence recorded an impressive growth in terms of offices, reserves, deposits, investments and advances, the increases in some cases amounting to more than six-fold. The financial status and security inherited from its forerunners no doubt provided a firm and durable platform. But the lofty traditions of banking which the Imperial Bank consistently maintained and the high standard of integrity it observed in its operations inspired confidence in its depositors that no other bank in India could perhaps then equal. All these enabled the Imperial Bank to acquire a pre-eminent position in the Indian banking industry and also secure a vital place in the country's economic life. BABASABPATIL Page 14
  • 15. An Organisational Study on State Bank of India- Zonal Office, Bangalore Stamp of Imperial Bank of India When India attained freedom, the Imperial Bank had a capital base (including reserves) of Rs.11.85 crores, deposits and advances of Rs.275.14 crores and Rs.72.94 crores respectively and a network of 172 branches and more than 200 sub offices extending all over the country. First Five Year Plan In 1951, when the First Five Year Plan was launched, the development of rural India was given the highest priority. The commercial banks of the country including the Imperial Bank of India had till then confined their operations to the urban sector and were not equipped to respond to the emergent needs of economic regeneration of the rural areas. In order, therefore, to serve the economy in general and the rural sector in particular, the All India Rural Credit Survey Committee recommended the creation of a state-partnered and state- sponsored bank by taking over the Imperial Bank of India, and integrating with it, the former state-owned or state-associate banks. An act was accordingly passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955. More than a quarter of the resources of the Indian banking system thus passed under the direct control of the State. Later, the State Bank of India BABASABPATIL Page 15
  • 16. An Organisational Study on State Bank of India- Zonal Office, Bangalore (Subsidiary Banks) Act was passed in 1959, enabling the State Bank of India to take over eight former State-associated banks as its subsidiaries (later named Associates) At present the 7 associate banks are: 1. State Bank of Bikaner and Jaipur 2. State Bank of Hyderabad. 3. State Bank of Indore. 4. State Bank of Mysore. 5. State Bank of Patiala. 6. State Bank of Saurashtra. 7. State Bank of Travancore. The State Bank of India was thus born with a new sense of social purpose aided by the 480 offices comprising branches, sub offices and three Local Head Offices inherited from the Imperial Bank. The concept of banking as mere repositories of the community's savings and lenders to creditworthy parties was soon to give way to the concept of purposeful banking sub serving the growing and diversified financial needs of planned economic development. The State Bank of India was destined to act as the pacesetter in this respect and lead the Indian banking system into the exciting field of national development. BABASABPATIL Page 16
  • 17. An Organisational Study on State Bank of India- Zonal Office, Bangalore Mission Statement 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. Vision Statement (Qualitative)  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 development banking;  Maximise shareholder value through high sustained earnings per share  An institution with a culture of mutual care and commitment, a satisfying and exciting work environment and continuous learning opportunities. BABASABPATIL Page 17
  • 18. An Organisational Study on State Bank of India- Zonal Office, Bangalore Values  Excellence in customer service  Profit orientation  Belonging and commitment to the bank.  Fairness in all dealings and relations.  Risk-taking and innovation.  Team-playing.  Learning and renewal.  Integrity.  Transparency and discipline in policies and systems. BABASABPATIL Page 18
  • 19. An Organisational Study on State Bank of India- Zonal Office, Bangalore Board of Directors as on 15-09-2005 1. Shri. Arun Kumar Purwar --- Chairman 2. Shri. K.Ashok Kini --- Managing Director (National Banking Group) 3. Shri. T.S.Bhattacharya --- Managing Director (Corporate Banking) 4. Shri. K.P.Jhuhjhunwala 5. Shri. P.R.Khanna 6. Shri. Suman Kumar Bery 7. Shri. Ajay.G.Piramal 8. Shri Ananta Chandra Kalita. 9. Shri N.S.Sisodia. 10. Smt. Shyamala Gopinath. 11. Shri. Arun Singh 12. Shri. Rajiv Pandey 13. Shri. Piyush Goyal BABASABPATIL Page 19
  • 20. An Organisational Study on State Bank of India- Zonal Office, Bangalore ORGANISATION STRUCTURE The structure of the corporate center and the business groups located at Mumbai is as follows: Chairman CORPORATE CENTER DMD & CFO DMD & CCO DMD (I & MA) DMD & CDO CVO DMD (IT) BUSINESS MD & GE MD & GE DMD & GE DMD & GE GROUPS (CB) (NB) (IB) (A&S) BABASABPATIL Page 20
  • 21. An Organisational Study on State Bank of India- Zonal Office, Bangalore The structure of Local Head Office (LHO) is as follows: Chief General Manager DGM DGM (Vigilance) Circle Financial Officer DGM DGM (Law) Circle Credit Officer AGM (Public relations and community services DGM banking) Circle Development Officer General Manager General Manager (Commercial Banking) (Development & Personal Banking) BABASABPATIL Page 21
  • 22. An Organisational Study on State Bank of India- Zonal Office, Bangalore Deputy General Manager (Module) BABASABPATIL Page 22
  • 23. An Organisational Study on State Bank of India- Zonal Office, Bangalore SMGS IV- Manager MIS (Direct Branches) Gen. Banking/Bud & Per.Mon.Etc. SMGS IV- Personnel & HRD SMGS IV Advances, Rehab.Cum NPA Mgt.Cell MMGS III – Official Languages MMGS III MMGS III NPA Adv. Cell MGA/REC.CELL MMGS III – Disc.Pro.Cell Chief Manager Lead Bank Cell (in a few nodules) MMGS II – Security Officer MMGS III- Zonal Office CM Banking Operations MMGS III – interoffice JMGS I – Asst. Manager (Law) reconciliation- Government accounts SMGS IV – Office Administration JMGS Medical MMGS II Officer Premises All branches headed by AGM’s AGM’s (Region) Head, Mortgage Sales Retail Asset CPC Credit Processing Cell (Temporary) SE Credit Cell Structure of Zonal Office FINANCIAL VIEW BABASABPATIL Page 23
  • 24. An Organisational Study on State Bank of India- Zonal Office, Bangalore The Bank posted a net profit of Rs 1222.83 cr for Q1 of 2005-06, recording a growth of 15.54% compared to Rs. 1058.40 cr in Q1 of 2004-05. Operating profit for the quarter stood at Rs.3439.48 cr. as against Rs. 2071.40 cr in Q1 of 2004-05 a growth of 66.05%. Operating Profit excl. profit on sale of investment, Dividend and one time item increased by 44.07%. Increase in net interest income coupled with marginal decline in Operating Expenses led to higher Operating Profit. Ratio Analysis: 2004-05 05-06 Selected Ratios FY Q1 Q1 Earnings per share in Rs on Face Value of Rs 10 81.79 80.44 92.94 Return on shareholders equity 18.10 19.89 19.38 Net interest margin (Net Int Income/Avg Int Earning Assets) 3.39 2.99 3.77 NIM (Excl. one time items) 3.20 2.99 3.14 Other income to Total net operating income 33.80 34.25 27.04 Capital Adequacy Ratio (%) 12.45 13.82 11.63 Tier I 8.04 9.01 7.88 Tier II 4.41 4.81 3.75 Net NPA Ratio 2.65 3.45 2.44 GROUP PERFORMANCE HIGHLIGHTS: •The aggregate deposits and advances of the State Bank Group as at the BABASABPATIL Page 24
  • 25. An Organisational Study on State Bank of India- Zonal Office, Bangalore end of first quarter of 2005-06 were Rs. 5, 28,125 crores and Rs. 3, 00,122 crores respectively. •The Operating Profit and the Net profit of the Group for the Q1FY06 were Rs. 4282.55 crores and Rs, 1322.67 crores respectively. •The major financial indicators of the Group as at the end of Q1 FY 06 were as under: Financial Parameter % ROA 0.84 ROE 15.69 Expense Ratio 44.91 NIM 3.76 Yield on Advances 7.89 Cost of Deposit 4.65 Gross NPAs 5.13 Net NPAs BABASABPATIL Page 25
  • 26. An Organisational Study on State Bank of India- Zonal Office, Bangalore Products and services Being the largest bank in India, SBI aims at attracting customers from all sectors of the society. In order to facilitate this, the bank has set up various strategic business units called SBU’s to cater to different needs. Some of them are as follows: Strategic business units (SBU’s) 1. Corporate Banking Group. 2. National banking group 3. International banking 4. Associates and subsidiaries 5. Project finance. National banking is further divided into: 1. personal banking 2. agricultural Banking 3. small and medium enterprises 4. development banking Personal banking State Bank of India offers a wide range of services in the Personal Banking Segment. BABASABPATIL Page 26
  • 27. An Organisational Study on State Bank of India- Zonal Office, Bangalore Some of them are as follows:  SBI Term Deposits  Savings Bank  SBI Recurring Deposits  Loan against Mortgage of property  SBI Loan for Pensioners  SBI Housing Loan  Loan against Shares & Debentures  SBI Car Loan Rent plus Scheme  SBI Educational Loan Medi-Plus Scheme  SBI Personal Loan Rates of Interest A no. of personal banking branches are opened throughout, equipped with customer friendly knowledgeable staff to cater to an individual’s financial requirements State Bank of India offers a wide range of services in the Personal Banking Segment. Here’s a brief look at one of the Personal Banking Product: SBI HOUSING LOANS: Home is where the heart is! The Housing loan schemes are designed to make it simple to make a choice at least as far as financing goes. Some of the advantages are: Excellent service and lower costs. Low Equated Monthly Instalments (EMI) BABASABPATIL Page 27
  • 28. An Organisational Study on State Bank of India- Zonal Office, Bangalore Low interest rates, currently between 8% p.a. and 9.25% p.a. on daily reducing balances No hidden costs or administrative costs No prepayment penalties. The loan could be taken for: Purchase or construction of a new house/ flat. Purchase an existing (old) house/ flat. Extend, repair, renovate or alter a house/ flat. Purchase a plot of land meant for construction of a dwelling unit. Eligibility Anyone who is over 21 years of age and has a steady source of income is eligible. Loan Amount The actual loan amount is determined on the basis of repayment capacity taking into account the income, age, assets and liabilities. As a rule of thumb - Upto 60 times the net monthly income will be sanctioned depending upon the age. Usually, spouse's income and the expected rental would also be taken into account. Repayment The repayment terms are amongst the most flexible in the market. Depending on the age and capacity to repay, the loan could be paid back the loan in easy instalments spread over 20 years. BABASABPATIL Page 28
  • 29. An Organisational Study on State Bank of India- Zonal Office, Bangalore Agricultural Banking: State Bank of India Caters to the needs of agriculturists and landless agricultural labourers through a network of 6600 rural and semi-urban branches. There are 972 specialized branches which have been set up in different parts of the country exclusively for the development of agriculture through credit deployment. These branches include 427 Agricultural Development Branches (ADBs) and 547 branches with Development Banking Department (DBDs) which cater to agriculturists and 2 Agricultural Business Branches at Chennai and Hyderabad catering to the needs of hi-tech commercial agricultural projects. The branches have covered a whole gamut of agricultural activities like crop production , horticulture , plantation crops, farm mechanization, land development and reclamation, digging of wells, tube wells and irrigation projects, forestry, construction of cold storages and godowns, processing of agri-products, finance to agri-input dealers, allied activities like dairy , fisheries, poultry, sheep- goat, piggery and rearing of silk worms. SBI is the leader in agriculture finance in the country with a portfolio of Rs. 18,000 Corporate Banking SBI provides financial products and services of wide range for large, medium and small customers both domestic and international. The corporate banking unit is a step towards providing services to corporates. BABASABPATIL Page 29
  • 30. An Organisational Study on State Bank of India- Zonal Office, Bangalore Some of its products are: Working capital financing It is extended both as fund based and non-fund based facilities to corporates, partnership firms, and proprietary concerns. It also extends working capital finance to all segments of industries and services sector such as IT. Term Loans The bank provides term loans to support capital expenditures for setting up new ventures and also for expansion, renovation etc. Deferred Payment Guarantees This is given to provide support purchase of capital equipments. Corporate loans. This is provided to corporates for a variety of business related corporates. Some of the loans are Project finance and Lease Finance, which is a dedicated set up specialised in financing of infrastructure and other large projects BABASABPATIL Page 30
  • 31. An Organisational Study on State Bank of India- Zonal Office, Bangalore Project Export Finance State Bank of India is an active participant in the area of finance of Project export activities. These activities will mainly involve financing the fund based and non fund based requirements of the project exporters. • Export of engineering goods on deferred payment terms • Execution of turnkey projects abroad • Execution of overseas civil construction contracts abroad • Exports of services are the contracts for export of consultancy, technical and other services. Project export contracts are generally of high value and exporters undertaking them are required to offer competitive terms to be able to secure orders from foreign buyers in the face of stiff international competition. Various types of credit facilities, both non fund and fund based, that the project exporters may need at the time of bidding and/ or for execution of the project are extended by the Bank. Non Fund Based Facilities Letter of Credit facility on behalf of the customer enabling him to import raw material required for manufacturing goods for project export is provided by the bank and also all other types of guarantees required for project export contract are issued by the bank: Bid Bond Guarantee. Advance Payment Guarantee Performance Guarantee Down Payment Guarantee Retention Money Guarantee Maintenance Guarantee & Overseas Borrowing Guarantee BABASABPATIL Page 31
  • 32. An Organisational Study on State Bank of India- Zonal Office, Bangalore The fund based facilities are: Pre-shipment credit Rupee/ Foreign currency supplier's credit Buyer’s credit Merchant banking: SBI’s Merchant Banking Group is strongly positioned to offer perfect financial solutions to your business. We specialize in the arrangement of various forms of Foreign Currency Credits for Corporates. It provides resources, convenience and services to meet customer’s needs by arranging Foreign Currency credits through: • Commercial loans • Syndicated loans • Lines of Credit from Foreign Banks and Financial Institutions • FCNRB loans • Loans from Export Credit Agencies • Financing of Imports. International Banking: International banking services of State Bank of India are delivered for the benefit of its Indian customers, non-resident Indians, foreign entities and banks through a network of 52 offices/branches in 31 countries, spread over all time zones. The network is augmented by a cluster of Overseas and NRI branches within India BABASABPATIL Page 32
  • 33. An Organisational Study on State Bank of India- Zonal Office, Bangalore and correspondent links with over 700 banks, the world over. Bank's Joint Ventures and Subsidiaries abroad further underline the Bank's international presence. The Bank has carved a niche for itself in the Euro land with branches located in Antwerp, Paris and Frankfurt. Indian banks and corporates are able to avail single-window Euro services from the Bank's Frankfurt branch. Some of the other services of the State Bank of India are: SBI Life - Insurance SBI Cards - Credit and Debit cards SBI Mutual Funds Some of the Internet Banking services include: •Self-account funds transfer across India. •Third party transfers in the same branch •New account opening •Demand Draft requests •Standing instructions •New Cheque-book request and much more. Apart from these, the other salient value-added features available are: •Railway tickets booking, •Utility bill payments •LIC and other insurance premium payments, •SBI Mutual funds Investments BABASABPATIL Page 33
  • 34. An Organisational Study on State Bank of India- Zonal Office, Bangalore •Remit Subscription to PPF account, •Credit card dues payments, •Deposit your taxes, •Donations to your religious inspirations •Donations to Red Cross and such other organisations •Setting up SMS alerts for transaction information. BABASABPATIL Page 34
  • 35. An Organisational Study on State Bank of India- Zonal Office, Bangalore STRUCTURE OF ZONAL OFFICE, BANGALORE A Module in State Bank Of India, Comprises 100-200 branches. The HQ of a Module is called as Zonal Office and is headed by a Deputy General Manager who is responsible for the business growth; smooth functioning of the branches, quality of assets, customer service and personnel Management. The DGM is assisted in this by a set of officers, Assistant General Managers (AGMs) of Regions and AGMs of Direct branches. The Organisational structure of a Module is depicted in the schematic diagram. • AGM(Operations) : Stationed at the Zonal Office is in charge of all Banking Operations like , budgeting, Performance monitoring, Premises , Fixed Assets, all Banking activities other than Advances etc.. In the Region. Chief Managers (GB) of the regions will report to him. He will report to the Module DGM.. • AGM(Retail Assets Processing Cell(RACPC)): In order to reduce turn around time in the processing of Personal segment advances like Housing loans, Educational loans and Car loans, the Bank has setup RACPCs under its Business Process Reengineering(BPR) Project. While the branches will source the applications and ensure KYC in respect of customers, the processing of loans and sanctions will be made by RACPC. They will also obtain legal opinions and valuation reports and conduct pre-sanction inspections. An RACPC is functioning at Bangalore. BABASABPATIL Page 35
  • 36. An Organisational Study on State Bank of India- Zonal Office, Bangalore • AGM(Small Enterprises Credit Cell(SECC)): In order to reduce turn around time in the processing of small business and SSI advances the Bank has setup SECCs under its Business Process Reengineering(BPR) Project. While the branches will source the applications and ensure KYC in respect of customers, the processing of loans, sanctions and Documentation will be made by SECCS. They will also obtain legal opinions and valuation reports and conduct pre- sanction inspections. An SECC is functioning at Bangalore. • AGM(RAPSECC): At centres where there is not sufficient work load to setup RACPC & SECC separately a hybrid processing cell is set up to cater to both Personal segment loans & Small enterprises. In Bangalore module two such cells are in operation at Mysore & Mangalore. • AGM(Outbound Sales force): He is in charge of a mobile marketing wing of the Bank staffed with sales executives, who will contact prospective customers in personal segment and direct them to the nearest branches. One such wing is functioning at Bangalore • AGM(Mortgage Loans) He is responsible marketing Mortgage loans in the module, particularly in Personal segment His responsibilities include getting new business, exploring strategic tie-ups,co-ordinating with RACPC & Outbound Sales force . • AGM (Credit Processing cell) : In order to reduce turn around time in the processing of small business and SSI advances the Bank has set up CPCS .While the branches will source the applications and ensure KYC BABASABPATIL Page 36
  • 37. An Organisational Study on State Bank of India- Zonal Office, Bangalore in respect of customers, the processing of loans , sanctions will be made by CPCS. One CPC is functioning in Bangalore Module. • Manager (Multi Sales Task Force) He is in charge of a mobile marketing wing of the Bank staffed with sales executives, who will contact prospective customers in Small & Medium enterprise segment and direct them to the nearest branches. One such wing is functioning at Bangalore • Chief Manager (Advances, Rehabilitation cum NPA management cell): Stationed at Zonal office and will monitor the credit portfolio pertaining to direct branches & module and is in charge of Advances, Rehabilitation & NPA management cell. He is also the secretary of Zonal Office Credit Cell. He is assisted by o Manager (NPA) : Stationed at Zonal office and will monitor the NPAs in respect of direct branches & module o Manager Advances cell : Stationed at Zonal office and will monitor the credit portfolio pertaining to direct branches and is in charge of Advances, Rehabilitation • Chief Manager(General Banking): Stationed at the Zonal Office is in charge of all Banking Operations like , budgeting, Performance monitoring, Premises , Fixed Assets, all Banking activities other than Advances in respect of direct branches. Compliance of Inspection reports. He will also look after the issues relating to branch premises, fixed assets. He will functionally report to AGM(Operations of the Module) BABASABPATIL Page 37
  • 38. An Organisational Study on State Bank of India- Zonal Office, Bangalore • Chief Manager(Personnel & HRD) Stationed at Zonal office and is in charge of staff matters including Staff budgeting ,transfers, training , leave, Medical Bills ,Staff Housing loans and placements in the module. He will assess the training needs of the staff and arrange for such training. He will also manage the service files and leave records of the officers in the module. He is also staff in charge in respect of staff working in direct branches. • Chief Manager (Banking Operations): He is in charge of Inter Office Reconciliation, Zonal Office Computer Centre(ZOCC), Govt Accounts MIS depts in the Module. He is responsible for collection of various returns, data, and analysis and follow-up with branches for attending to IOR memos, Reconciliation, submission of data etc. He is responsible for preparation of and submission of Annual returns. Completion of statutory Audit of the returns and compliance of the Audit reports. He is assisted by ; o Manager ZOCC: He is in charge of ZOCC, which will collect data like weekly reports, Monthly P Forms, Credit Information System (CIS) data, analyze them and prepare report to DGM. o Manager (IOR Cell): He is in charge of Inter Office Reconciliation, and will ensure timely reconciliation by the branches in the zone, Submission of daily statements to the Reconciliation dept at Belapur. BABASABPATIL Page 38
  • 39. An Organisational Study on State Bank of India- Zonal Office, Bangalore o Manager (MIS): He is responsible for collection of data and various returns from the branches in the module. Analysis of these data and providing information to the Management (DGM) and submission of consolidated returns to Local Head office. • Manager Disciplinary Proceedings Cell (DPC): He is in charge of Disciplinary & Vigilance matters in the module. He will arrange for Investigation, calling of explanations, charge sheeting the errant staff, arranging for Enquiry and follow-up of the pending cases with the disciplinary authorities in the module. He will also appraise the management from time to time progress in each case and the details of pending cases. He will also ensure timely completion of Investigation and enquiry. He is assisted by the Investigation officers, Presenting Officers and Enquiry officers appointed in each case. • Manager Security: He is responsible for ensuring proper security for the branch premises and offices. He will visit branches and ensure required security precautions are taken by the branches. He will recommend for installation of CC TVs at branches. He will arrange for training to armed guards. Ensure that Gun licences are renewed and up to date and Guns are serviced regularly. He will also ensure that locking system is properly managed. • Dy. Manager Law: With a view to provide advises on legal matters to the branches in the module, a law dept has been setup in each module. The Law officer is a specialist officer with legal background. He will provide expert opinion on legal matters, empanel the advocates and follow-up cases with the advocates and branches. He will scrutinise agreements and study the legal implications relating to various banking decisions. At times he will oversee the cases relating to the Bank in Courts, Debt Recovery tribunals, Ombudsman and Consumer forums. BABASABPATIL Page 39
  • 40. An Organisational Study on State Bank of India- Zonal Office, Bangalore • Dy. Manager Engineering: In order to enable the branches and the operating staff to take decisions regarding Civil & Electrical works a section headed by engineer is functional at the Zonal Office. The Engineer who will be reporting to the DGM will evaluate the estimates and plans .He will also supervise the constructions and will also monitor the works subcontracted to contractors. He will also scrutinise the Bills submitted by the contractors and countersign the Bills. • Sr. Medical Officer: With a view to provide Medical assistance to the Staff, Bank has setup a Medical section headed by a senior medical officer is set up at the Zonal Office. The Medical Officer will provide Health care service to the staff. He will also scrutinise the medical bills of staff. He will also undertake medical examination of new recruits. • Manager Official Languages: He is responsible for the implementation of the Official language policy of Govt of India, in the branches and module. He has to ensure progressive use of Hindi and Regional language (Kannada in Bangalore Module), in day to day operations within and with the customers. He will receive quarterly returns from the branches and take steps to achieve the targets. He will also arrange for training the staff in Hindi & Kannada. Translate Circulars, letters etc from English to Hindi/ Kannada. Ensure usage of Bi/ Tri lingual stamps, letter heads and computer application packages. • Manager Computer& Communications: As the Bank is totally computerised; there is a need to provide ongoing software & hardware support to the branches. With the above in view a specialised section under the Manager Computer& Communications is functional at the Zonal office. He is assisted by Project officers who will help in BABASABPATIL Page 40
  • 41. An Organisational Study on State Bank of India- Zonal Office, Bangalore computerising the branches and software updates. A Communication Engineer in the section will help manage the communication network & equipments • Chief Manager Office Administration: All payments including Salary and allowances to the staff made in the Zonal office are made by the Office Administration Dept in the Zonal Office. All the Clerical and Subordinate staff working in the Zonal office are under the Chief Manager Office Administration. • AGMs of Regions: A Module in SBI comprises of 3-6 regions which are headed by AGMs. Each region is a mini module controlling 25-35 branches and is responsible for the business growth; smooth functioning of the branches, quality of assets, customer service and personnel Management. There are 5 Regions in Bangalore Module .The AGM of the region is assisted by the following officials : o Branch Managers: The Heads of branches who will ensure smooth functioning of the branches and are responsible for branch operations. o Chief Manager (Credit Support cell): Stationed at Regional office and will monitor the credit portfolio in the region. o Chief Manager(General Banking): Stationed at the Regional Office is in charge of all Banking Operations like , budgeting, Performance monitoring, Premises , Fixed Assets, all Banking activities other than Advances etc.. In the Region. He will functionally report to AGM(Operations of the Module) o Manager (NPA): Stationed at Regional office and will monitor the NPAs in the region. BABASABPATIL Page 41
  • 42. An Organisational Study on State Bank of India- Zonal Office, Bangalore o Manager(Staff in charge) Stationed at Regional office and is in charge of staff matters including transfers, training and disciplinary matters o Dy. Manager (I&A): Stationed at Regional office and will oversee the Compliance of Inspection reports, ensuring the health of branches. • AGM (Regional Business Office): With a view to take the controllers nearer to place of operations some of the AGMs of regions will be stationed out side the module HQ. Their functions are same as that of AGMs of regions. RBO of Region III in Bangalore module is located at Mangalore. • AGMs of Branches: All Branches with more than Rs.1000million business are headed by AGMs, who in turn manage these branches through Divisional Managers heading various business segments in the branch. and will ensure smooth functioning of the branches and are responsible for branch operations. He will directly report to the DGM of the module. There are 18 direct branches in Bangalore Module BABASABPATIL Page 42
  • 43. An Organisational Study on State Bank of India- Zonal Office, Bangalore SWOT ANALYSIS STRENGTH: Many new generation banks both private and foreign have entered the banking industry and these banks offer new products at competitive rates. In this scenario, the bank has defined its competitive advantage as:  Vast branch network spread all over the country.  Advancement in technology upgradation.  Low NPA ratio  SBI & Associates is the largest bank in India  Branch network has also spread overseas.  Well trained personnel to handle specialised products.  Provides innovative products and services. WEAKNESS:  High cost of funds.  Insufficient banking hours.  Inability to make good use of advertising to attract customers.  Old fashioned ambience.  Some of the branches not being fully computerised.  Non availability of a centralised customer database. BABASABPATIL Page 43
  • 44. An Organisational Study on State Bank of India- Zonal Office, Bangalore OPPORTUNITY: In the banking sector, technology is finding its application in product delivery/access, productivity, performance, product design and above all adapting to market and customer needs. This can significantly add to the competitive advantage and promote the services to clients. THREAT:  Size has become an important issue in Indian banking parlance. There are bound to be mega mergers and acquisitions.  Increasing pressure on asset quality, decreasing margins and competition.  Banks, especially PSB’s are at the receiving end of certain developments including policy changes, for instance the ongoing clamour to lower the interest rates.  Stiff competition from other industrial rivals. BABASABPATIL Page 44
  • 45. An Organisational Study on State Bank of India- Zonal Office, Bangalore JOB SATISFACTION – AN OVERVIEW Job satisfaction refers to one’s feeling towards one’s job. It can only be inferred but not seen. Job satisfaction is often determined by how well outcomes meet or exceed expectations. Satisfaction in one’s job means increased commitment in the fulfilment of formal requirements. There is greater willingness to invest personal energy and time in job performance. The terms job satisfaction and job attitudes are typically used interchangeably. Both refer to effective orientation on the part of individuals towards their work roles which they are presently occupying. Positive attitudes towards the job are conceptually equivalent to job satisfaction and negative attitudes towards the job indicate job dissatisfaction. Consequences of Job Satisfaction: High job-satisfaction may lead to improved productivity, increased turnover, improved attendance, reduced accidents, less job stress and lower unionisation. Productivity The relationship between satisfaction and productivity is not definitely established. The consensus, however, is that in the long run job-satisfaction leads to increased productivity. But, four decades of research into this issue, unfortunately does not support to this belief. BABASABPATIL Page 45
  • 46. An Organisational Study on State Bank of India- Zonal Office, Bangalore Satisfaction and absences: Correlation of satisfaction to absenteeism is also improved conclusively. Absenteeism is high when satisfaction id low. The degree to which people feel that their jobs are important has a moderating influence on their absences. While high job-satisfaction will not necessarily result in low absenteeism, low satisfaction is likely to bring about high absenteeism. Satisfaction and job stress: Chronic job-dissatisfaction is a powerful source of job stress. The employee may see no satisfactory short-term solution to escaping this type of stress. An employee trapped in a dissatisfying job may withdraw by such means as high absenteeism and tardiness, or the employee may quit. Measurement of Job satisfaction This provides an index of organisational effectiveness. The three primary methods of measuring job satisfaction are: o Attitude Surveys o Observing actual behaviour o Conducting executive rapport sessions BABASABPATIL Page 46
  • 47. An Organisational Study on State Bank of India- Zonal Office, Bangalore Sources of Job Satisfaction: o Wage structure o Nature of work o Promotions o Work group o Working conditions o Supervision BABASABPATIL Page 47
  • 48. An Organisational Study on State Bank of India- Zonal Office, Bangalore RESEARCH METHODOLOGY Background of the study Job satisfaction is a widespread problem. Productivity, efficiency are related to work force. To achieve those one should be committed to the organisation to the long term. This in turn depends on the level of job satisfaction and the morale of the employees. Job satisfaction improves the performance of an organisation. Statement of the problem The research problem selected is entitled as “Job satisfaction of employees in SBI, Zonal Office, Bangalore”. Need and importance of study o This study is undertaken to find out the level of job satisfaction among the employees of SBI. Moreover, this study is to know the impact of working conditions, company policies and its impact on the job satisfaction. o This study will help the organisation to design their job satisfaction programme. o Management can decide whether the existing job satisfaction programme should be continued or revised. BABASABPATIL Page 48
  • 49. An Organisational Study on State Bank of India- Zonal Office, Bangalore Hypothesis: o There exists no difference in the perception of job satisfaction as perceived by employees of SBI o There exists difference in the perception of job satisfaction as perceived by employees of SBI. Primary Objective o To study the level of job satisfaction in SBI Secondary Objectives o To study the effects and outcomes of job dissatisfaction o To identify potential causes for job satisfaction o To measure the level of job satisfaction in relation to various factors like the physical and social environment, training and development, goals, rewards remuneration etc. Scope This study is undertaken to find out the level of job satisfaction among the employees of SBI, Zonal Office, Bangalore. BABASABPATIL Page 49
  • 50. An Organisational Study on State Bank of India- Zonal Office, Bangalore Limitation o The sample size was limited o It includes the officers and clerks of the Zonal Office only and not the organisation as a whole. o Respondents did not answer a few questions. o Opinion of the respondents may be raised. o The study is sensitive in nature and there might be a colour of bias in answering the questionnaire. Sources of Data: Primary Data: Primary data has been collected through administering the questionnaires personally to employees of SBI. The response will be analysed and evaluated to extract the required information. Secondary Data: Secondary data has been collected by way of personal meeting with employees of SBI and also various reports collected from them. Information was also collected from websites, brochures, bank journals, magazines etc. BABASABPATIL Page 50
  • 51. An Organisational Study on State Bank of India- Zonal Office, Bangalore Sample size: The sample size considered for the research is 50. Sampling technique: The sampling technique used is simple random sampling. Research Instrument: The instruments used for research are mainly questionnaires and interviews. A set of questionnaires was presented to respondents. Because of its flexibility, it is by far the most common instrument used to collect primary data. Questions were carefully developed, tested and debugged before administering in a large scale. The questions and their form, wording and sequence were carefully chosen. Close ended questions were chosen specifying all possible answers Under close-ended questions, the following types of questions were asked in the questionnaire. BABASABPATIL Page 51
  • 52. An Organisational Study on State Bank of India- Zonal Office, Bangalore Data Analysis The various parameters selected for analysing the job satisfaction level are:  Remuneration  Training & Development  Communication  Goals  Teamwork  Promotions  Leadership  Rewards & Punishment  Social Environment  Physical Environment Previously conducted surveys prove that the above mentioned parameters have a highly positive correlation with the job satisfaction level. Feedback given by the employees regarding the above mentioned parameters have been analysed to find out the employees perception about these parameters and thereby the overall job satisfaction level is measured. BABASABPATIL Page 52
  • 53. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph depicting the satisfaction level with respect to Remuneration: Satisfaction level percentage (%) To a very small extent nil To a small extent 21.2 To a large extent 48.8 To a very large extent 31 Remuneration 0.0% 21.2% 30.0% To a very small extent To a small extent To a large extent To a very large extent 48.8% Graph 1  21.2% of the employees are satisfied with the remuneration to a small extent.  48.8% of the employees are satisfied with their remuneration to a large extent  31% of the employees are very much satisfied with their remuneration. BABASABPATIL Page 53
  • 54. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph depicting satisfaction level regarding Training & Development: Satisfaction level percentage (%) To a very small extent 0 To a small extent 28.3 To a large extent 34.6 To a very large extent 37.1 Training & Development 0.0% 28.3% To a very small extent 37.1% To a small extent To a large extent To a very large extent 34.6% Graph 2 BABASABPATIL Page 54
  • 55. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph depicting satisfaction level regarding Communication with peers and superiors: Satisfaction level percentage (%) To a very small extent 3.4 To a small extent 26.6 To a large extent 43.2 To a very large extent 26.8 Communication 3.4% 26.8% To a very small extent 26.6% To a small extent To a large extent To a very large extent 43.2% Graph 3  3.4% of the employees feel very uncomfortable to communicate with their peers and superiors.  26.6% of the employees are satisfied to a small extent with regard to communication.  43.2% of the employees a satisfied to a large extent with regard to communication.  26.8% of the employees to a very large extent are comfortable in communicating with their superiors and peers. BABASABPATIL Page 55
  • 56. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph depicting how clear are the employees regarding goals of their departments and the organisation. Satisfaction level percentage (%) To a very small extent 6.6 To a small extent 10 To a large extent 56.6 To a very large extent 26.8 Goals 6.6% 26.8% 10.0% To a very small extent To a small extent To a large extent To a very large extent 56.6% Graph 4  6.6% of the employees are not very clear with their goals.  10% of the employees are clear to a small extent with their goals.  56.6% of the employees are clear with their goals to a large extent.  26.8% of the employees do not have any confusion with regard to their goals. BABASABPATIL Page 56
  • 57. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph showing the extent of teamwork present between the employees Satisfaction level percentage (%) To a very small extent 8.12 To a small extent 34.87 To a large extent 53.98 To a very large extent 3.03 Teamwork 3.0% 8.1% To a very small extent To a small extent 34.9% To a large extent 54.0% To a very large extent Graph 5  8.1% of the employees are satisfied with teamwork to a very small extent.  34.87% of the employees are satisfied with teamwork to a small extent.  53.98% of the employees to a large extent are satisfied with teamwork.  3.03% of the employees are satisfied with teamwork to a very large extent. BABASABPATIL Page 57
  • 58. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph depicting the satisfaction level regarding promotions. Satisfaction level percentage (%) To a very small extent 18.18 To a small extent 32.24 To a large extent 36.57 To a very large extent 13.01 Promotions 13.0% 18.2% To a very small extent To a small extent To a large extent 36.6% 32.2% To a very large extent Graph 6  18.18% of the employees are dissatisfied with promotions.  32.24% of the employees are satisfied with promotions to a small extent.  36.57% of the employees are satisfied with promotions to a large extent.  13.01% of the employees are satisfied with promotions to a very large extent. BABASABPATIL Page 58
  • 59. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph indicating satisfaction level regarding the leadership of superiors. Satisfaction level percentage (%) To a very small extent 16.7 To a small extent 33.3 To a large extent 50 To a very large extent 0 Leadership 0.0% 16.7% To a very small extent To a small extent 50.0% To a large extent 33.3% To a very large extent Graph 7  16.7% of the employees are very much dissatisfied with leadership.  33.3% of the employees are dissatisfied with leadership to a small extent.  50% of the employees are satisfied with leadership to a large extent. BABASABPATIL Page 59
  • 60. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph depicting the satisfaction level of the employees regarding Rewards & Punishment Satisfaction level percentage (%) To a very small extent 19.8 To a small extent 40.1 To a large extent 32.6 To a very large extent 7.5 Rewards & Punishment 7.5% 19.8% To a very small extent 32.6% To a small extent To a large extent To a very large extent 40.1% Graph 8  19.8% of the employees feel that rewards & punishment system is not very effective.  40.1% of them feel that rewards & punishment system is effective to a small extent.  32.6% of them feel that rewards & punishment system is effective to a large extent.  7.5% of the employees are very much satisfied with rewards & punishment system. BABASABPATIL Page 60
  • 61. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph indicating satisfaction level regarding the social environment of the work place. Satisfaction level percentage (%) To a very small extent 2.03 To a small extent 28.74 To a large extent 52.63 To a very large extent 16.60 Social Environment 16.6% 2.0% 28.7% To a very small extent To a small extent To a large extent To a very large extent 52.6% Graph 9  2.03% of the employees are very much dissatisfied with the social environment.  28.74% of the employees are satisfied with the social environment to a small extent.  52.6% of them are satisfied with the social environment to a large extent.  16.6% of the employees are satisfied with the social environment to a very large extent. BABASABPATIL Page 61
  • 62. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph indicating satisfaction level regarding the physical environment of the workplace Satisfaction level percentage (%) To a very small extent 16 To a small extent 39.6 To a large extent 30.4 To a very large extent 14 Physical Environment 14.0% 16.0% To a very small extent To a small extent To a large extent 30.4% 39.6% To a very large extent Graph 10  16% of the employees are not very happy with the physical environment.  39.6% of them are satisfied with the physical environment to a small extent.  30.4% of the employees are satisfied with the physical environment to s large extent.  14% of the employees are very much happy with the physical environment of the organisation. BABASABPATIL Page 62
  • 63. An Organisational Study on State Bank of India- Zonal Office, Bangalore Findings Hurdling may be an appropriate metaphor for what researchers face when the fact is considered that learning to hurdle makes better runners. This research involved multifarious hurdles; but the outcome of the struggle has been fruitful from the bank’s perspective as well as from the researcher’s perspective. The findings arrived at from “A SURVEY ON JOB SATISFACTION”, are summarised as under:  About 58.8% of the employees are very much satisfied with the remuneration. 41.2 % of the employees are not satisfied with the remuneration to a great extent.  The employees are very satisfied with the medical and scholarship facilities provided to their family and children.  An employee gets 100% reimbursement of medical expenses and 75% reimbursement of medical expenses to his/her family.  The training facilities of the bank are extremely good. Most of the employees are satisfied with the amount of training given to them in 1 year.  The employees feel that the training provided to them helps them in their work to a great extent.  Communication between the peers and superiors is good. About 30% of the employees feel a little uncomfortable in communicating with their superiors.  A major portion of the employees are very clear with the goals of their departments and the organisation.  About 16.6% of the employees are not very clear with their goals. Further investigation revealed that most of them who were unclear with their goals were new comers to their concerned departments. BABASABPATIL Page 63
  • 64. An Organisational Study on State Bank of India- Zonal Office, Bangalore  About 56% of the employees feel that the team work in their respective departments is excellent. Again, these are from the department where team work was rewarded.  In departments where teamwork was not rewarded, teamwork and cooperation was not very apparent.  50.42% of the employees were not satisfied with the promotions. Most of the felt that promotions have been long overdue.  Most of the employees also felt that they have been denied promotion many a times.  50% of the employees were happy with their superior’s leadership. They felt that their bosses’ took personal interest in the employee’s growth.  The other 50% of the employees were not very much satisfied with their superior’s leadership. Since the opinion is precisely divided into 2 halves, this issue clearly has got to do with the kind of superiors present in each department.  The reward and punishment system is fairly good but that very much effective according to 59.9% of the employees.  Employees stated that if an employee is charged under a certain crime, it takes a very long time for the matter to be settled. In the course of time the intensity of the matter reduces to a great extent.  69.23% of the employees are very much content with the social environment of the workplace. Most of the employees share a very good relationship with one another even outside the organisation. This definitely brings a good effect on the social environment as well.  The physical environment of the bank is very good. Most of the employees are satisfied with the workspace provided to them.  The officers are provided with sufficient workspace. Some of the clerical staff feels that the space provided for work is not sufficient.  All the employees feel much secured about their jobs. This sense of security makes them a part of the organisation’s growth. BABASABPATIL Page 64
  • 65. An Organisational Study on State Bank of India- Zonal Office, Bangalore  Since SBI is the largest bank in India, the employees feel good to be associated with this bank as it also has an international repute.  The overall job satisfaction level of the employees is extremely good. The extremely good figure could be attributed to the job security in public sector banks and also the satisfaction level considered from the other attributed mentioned.  Also, the average no. of years of service on an employee being 14.8 yrs. justifies the reason for an extremely good job satisfaction level. BABASABPATIL Page 65
  • 66. An Organisational Study on State Bank of India- Zonal Office, Bangalore SUGGESTIONS After analysing the feedback given by the employees, the following suggestions can be considered to improve the job satisfaction level:  Since all major banks are fully computerised, some of the older employees are not well versed with the usage of computers; thorough training should be given to such employees as it will help them to carry out their job more efficiently.  With the entry of private players, SBI is facing tough competition with banks like ICICI, HSBC etc. Therefore, the staff should be trained so that they can face the competition. They should be adequately trained about the modern ways of banking.  The software and hardware equipments should be maintained properly so that work can be carried out smoothly.  Since, employees of public sector banks are prone to transfers; technical know – how should be considered before transferring an employee. This will increase the productivity of the employee.  Also, the bank need not spend additional money on training an employee for a particular job.  Also, needy employees must be granted a transfer on special conditions.  Job rotation should be done especially for clerical jobs, as the same kind of work leads to boredom.  Strong emphasis should be laid on team work.  Leaders must stress on team building. BABASABPATIL Page 66
  • 67. An Organisational Study on State Bank of India- Zonal Office, Bangalore  Employees must be encouraged to participate in decision making. The employee giving the most valuable suggestion must be rewarded.  Team work must be compulsorily rewarded to further motivate employees.  The rigid policies of promotion must be done away with. Instead, deserving employees must be promoted. This will lead to better job satisfaction.  The democratic way of looking at things is obsolete. It hampers growth. Hence, managers must have a global view.  Rewarding system should be made more transparent.  Each department should select “Employee of the month”. That particular employee must be rewarded for his/her hard work. This type of social recognition leads to high self esteem in the employee thus, leading to better job satisfaction.  Informal get-togethers can be organised in order to facilitate better relationships among the employees. BABASABPATIL Page 67
  • 68. An Organisational Study on State Bank of India- Zonal Office, Bangalore CONCLUSION I had an enriching experience during the internship. I learnt a great deal of things by being a part of the team in group discussions. It has also exposed me to the work style and outlook services offered by the organisation. The future of an organisation largely depends on its productivity and productivity depends on the employees who work for the organisation. If the employees are very productive in nature, no one can beat the organisation. To make the employees more productive, the organisation should try to satisfy the employees to the maximum extent. Every organisation must conduct employee survey every year to compare the present satisfaction level with the past. These surveys help to indicate the mirror of management in the minds of the employee as well as management about their feelings, opinions and attitude. Observations, interviews and questionnaire feedback helped me to understand the perception of job satisfaction. From various feedback obtained, It can be concluded that the job satisfaction level of employees is very high in State Bank of India, Zonal Office, Bangalore. Employees are proud to be associated with State Bank of India and it is an extremely good organisation to work with. BABASABPATIL Page 68
  • 69. An Organisational Study on State Bank of India- Zonal Office, Bangalore Cadre: ----------------------- Grade: ---------------------- No. of years of service in the organisation: -------------------------------------- Rate the following on a scale of 1 - 4 (Circle any one) 1 - To a very small extent 2 - To a small extent 3 - To a large extent 4 - To a very large extent To what extent: 1) Do you receive regular feedback about your job performance? 1-----2-----3-----4 2) Do you feel free to communicate with your superiors? 1-----2-----3-----4 3) Are the important decisions of your department communicated to you? 1-----2-----3-----4 4) Is the amount of work you are expected to do reasonable? 1-----2-----3-----4 5) Are the individual differences respected?( educational background, gender, race) 1-----2-----3-----4 6) Are your opinions and suggestions heard and welcomed? 1-----2-----3-----4 7) Are you satisfied with the general amenities like canteen, toilet facilities etc.? 1-----2-----3-----4 8) Are you satisfied with the workspace provided to you? 1-----2-----3-----4 9) Is teamwork and cooperation present among individuals? BABASABPATIL Page 69
  • 70. An Organisational Study on State Bank of India- Zonal Office, Bangalore 1-----2-----3-----4 10)Is teamwork rewarded? Yes No 11)Are you satisfied with your remuneration? 1-----2-----3-----4 12)Are you satisfied with your appraisal system? 1-----2-----3-----4 13) When was your last promotion? (no. of years) 14) Do you feel it is high time you got promoted Yes No To what extent: 15)Are you satisfied with the medical facilities? 1-----2-----3-----4 16) Are you satisfied with the education and scholarship facilities provided to your children? 1-----2-----3-----4 17) Do you receive rewards and recognition for work well done? Always Sometimes Usually Never 18) Is the reward and punishment system effective? 1-----2-----3-----4 19)Are you clear about the goals of your department? 1-----2-----3-----4 20)Are you clear with the goals expected from you? BABASABPATIL Page 70
  • 71. An Organisational Study on State Bank of India- Zonal Office, Bangalore 1-----2-----3-----4 21) Are you clear about the company’s vision and goals? 1-----2-----3-----4 22) How good is the quality of training being given? Poor Satisfactory Good Very good Excellent To what extent: 23)Do your superiors give attention to your training needs? 1-----2-----3-----4 24) Has the training you received helped you to do your job better? 1-----2-----3-----4 25) Are you satisfied with the amount of time you have spent on training in the past 1 year? 1-----2-----3-----4 26) Do your superiors focus on team building and teamwork? 1-----2-----3-----4 27) Do your superiors pay attention to your grievances? 1-----2-----3-----4 28) Do your superiors motivate you? 1-----2-----3-----4 29) Are you satisfied and proud of working for the organisation? 1-----2-----3-----4 30) What is the culture of your organisation? BABASABPATIL Page 71
  • 72. An Organisational Study on State Bank of India- Zonal Office, Bangalore Authoritarian Participative Mechanistic Organic 31) Considering everything how satisfied are you with your job? Very dissatisfied somewhat dissatisfied Somewhat satisfied Very satisfied 32) Mention in brief what you feel could be done to improve the overall working conditions BABASABPATIL Page 72
  • 73. An Organisational Study on State Bank of India- Zonal Office, Bangalore BABASABPATIL Page 73
  • 74. An Organisational Study on State Bank of India- Zonal Office, Bangalore Graph depicting the overall job satisfaction level of the employees Satisfaction level percentage (%) To a very small extent 0 To a small extent 0 To a large extent 56.25 To a very large extent 43.75 Job Satisfaction 0.0% 0.0% To a very small extent 43.8% To a small extent To a large extent 56.3% To a very large extent Graph 11 BABASABPATIL Page 74
  • 75. An Organisational Study on State Bank of India- Zonal Office, Bangalore  The job satisfaction level of SBI, Zonal office, Bangalore is extremely good.  56.25% of the employees are happy with their job to a large extent.  43.75% of the employees are very much happy with their jobs. BABASABPATIL Page 75
  • 76. An Organisational Study on State Bank of India- Zonal Office, Bangalore BABASABPATIL Page 76
  • 77. An Organisational Study on State Bank of India- Zonal Office, Bangalore BABASABPATIL Page 77