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Sir,
I have qualified in the sbi clerical test .Now my
interview is on 16-10-2008.So pls tell me what questions
are asked in the interview and tell me the reference book
for interview in sbi.
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Answer Posted / saurabh
hi this is saurabh from jaipur and will be facing interview
on 16-10-2008.i got some good stuff about sbi.please check
this out.........
Government acquires entire RBI shareholding in SBI
In its biggest ever cash purchase, Government on 29th June
2007, acquired entire Reserve Bank of India (RBI)
shareholding in State Bank of India (SBI) consisting of
31,43,39,200 equity shares with face value of Rs. 10/- each
@ Rs. 1130.35 per share at a total amount of Rs.
35,531,33,14,720 (Rupees Thirty five thousand five hundred
thirty one crore, thirty three lakhs, fourteen thousand
seven hundred twenty).
Though, SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 1997, known as Takeover
Regulations, per se were not applicable in this
transaction, for sake of greater transparency, the
valuation of RBI stake in SBI was worked out as per SEBI
guidelines taking 28th February, 2007, as the “reference
date”, the day on which the decision of the Government to
acquire RBI stake in SBI was announced by Finance Minister
in his Budget Speech and the intention of the Government to
acquire SBI was made public. Government has also decided to
acquire RBI shareholding in NABARD and NHB by June, 2008.
The Committee on Banking Sector Reforms (Narasimham
Committee II), inter-alia, observed that it is inconsistent
with the principles of effective supervision that the
regulator is also an owner of a bank and this would require
the Reserve Bank of India (RBI) to divest its holding in
banks and financial institutions. In its Monetary and
Credit Policy for the year 2001-02, RBI announced its
intention to transfer the ownership of shares in State Bank
of India (SBI), National Housing Bank (NHB) and National
Bank for Agriculture and Rural Development (NABARD) in
favour of the Government of India. Accordingly, RBI sent a
proposal to transfer its shares in these entities to the
Government of India. RBI holds 59.73% stake in SBI, 72.50%
in NABARD and 100% in NHB.
Finance Minister, in his Budget Speech for the year 2007-
08, announced the proposal of the Government to acquire
entire stake of RBI in SBI, and provided a sum of Rs.
40,000 crore for transfer of RBI shareholding in SBI to the
Government of India. An Ordinance was promulgated to
provide requisite statutory provisions in State Bank of
India Act, 1955 to facilitate this transaction, and
Government appointed 29th June, 2007 the date for transfer
of stake.
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