Monday, May 11, 2009

SBI saga

Books of Account
The Evolution of the State Bank of India
Abhik Ray
(http://www.penguinbooksindia.com/)

Stately strides, with no flourish of trumpets

As if defying the global gloom, and the slowdown mood closer home, the State Bank of India (SBI) is working on adding one thousand more branches, and achieving a 25 per cent growth this fiscal, even while extending home and car loans at concessional interest rates. To those watching the bank, all this news should be comforting enough to permit the luxury of retiring to a nook with the latest volume of The Evolution of the State Bank of India: Volume 4, which covers the period 1955-1980.

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