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Wednesday, July 3, 2013

SBI celebrates 58th bank day

State Bank of India celebrated its 58th bank day in Chennai on Monday.

It was on this day, July 1, 1955, the Imperial Bank of India was reconstituted by an Act of Parliament to to create State Bank of India to perform the functions of a commercial bank. This marked the start of a new era in banking in the country, said a press release from SBI.

At launch of the day’s events, Varsha Purandare, Chief General Manager, SBI, delivering the presidential address, emphasised the importance of ‘prompt and positive response’ by the staff to every opportunity that helps grow the bank and maintain its leadership. She urged the staff to take personal responsibility for sustaining the bank’s position as the leader and pioneer in financial services. General Managers, S. Krithivasan and Sanjiv Chadha, were present on the occasion.

Cultural events

As a part of the celebrations, a melange of cultural events was organised, with active participation of staff members.

Three outstanding social workers – Padma Venkataraman, Chairman, Women’s Indian Association; C. Ramasubramanian, Founder of Chellamuthu Trust and Research Foundation, Madurai; and James E. Kimpton, President, Reaching the Unreached, Madurai — were honoured with shield and cash award. The bank also honoured three State toppers in the recently held Plus Two examinations.

Source: thehindubusinessline


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