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About SBI Cards
1998 saw a new vista opening for the Indian credit card users.
GE Capital Services, the largest issuer of private label credit
cards in the world and State Bank of India, the largest Indian
bank created two companies to address the market: namely, SBI
Cards and Payment Services Ltd. (SBICPSL) and GE Capital Business
Process management Services ltd. (GECBPMSL). The joint venture
was set up to leverage the brand equity, customer relationship
and the unparalleled network of SBI and the technological processes
and service capabilities of GE Capital to offer you products that
are value for money and supported by quality and service.
The State Bank of India
- Bankers to the Nation
State Bank of India is the largest bank in India in terms of profits,
assets, deposits, branches and employees. As of 31st March, 2000,
the Bank possessed total assets worth Rs.2,615,049 million (US$59,951
million) and total deposits worth Rs.1,968,211 million (US$45,122
million).
Since its inception in 1806 as the Bank of Calcutta, it has gone
from strength to strength and has, over the years, richly merited
its status as the flagship of Indian banking.
With a network of over 9,000 branches in India and 51 foreign
offices in 32 countries, the Bank commands about one-fifth of
the total deposits and loans in all scheduled commercial banks
in the country. The Reserve Bank of India is the single largest
shareholder of the Bank. SBI's shares and bonds are listed for
trading on all the major Indian stock exchanges. Its GDR is listed
on the Luxembourg Stock Exchange.
The State Bank of India has pioneered innovative measures and
contributed significantly to the growth of the Indian economy.
It has been taking new initiatives with the changing economic
environment and is poised to establish itself in the new millennium
as a premier Indian financial services group with a global perspective
and world class standards of efficiency.
Efficiency, Trust &
Reliability
These are words that epitomise the State Bank of India. Known
for its efficient customer service and commitment to excellence,
it has grown immensely since its inception to become India's largest
bank, with over 80% of the top corporate companies as its clientele.
For more information on SBI click here.
About GE Capital
GE Capital Services is a global diversified financial services
company with 28 distinct businesses. With assets of US $300 billion,GE
Capital Services had net earning of US $3.8 billion and achieved
a 23.5% return on equity in 1998. Its businesses are in the areas
of Equipment Management, Consumer Services, Mid-Market Financing,
Specialised Financing and Specialty Insurance and include global
operations in Europe, Asia and Latin America.
GE Capital Services
India
GE Capital Services India was established in October 1993 as a
wholly owned subsidiary of GE Capital Services. It is one of the
largest capitalised financial services companies with a combined
and estimated asset base of Rs. 3,500 crore (Rs.35 billion) and
a credit rating of AAA (SO) by CRISIL and Duff & Phelps (highest
safety). GE Capital Services India has been delivering innovative
financial solutions since 1993. We offer a kaleidoscopic range
of products and services that meet the diverse needs of corporate
and retail customers. The major businesses in India are:
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GE Money
GE Money is the new consumer finance brand of GE. One of the
11 GE businesses, it is a leading provider of credit services
in more than 40 countries with assets more than US$105 billion.
It meets the needs of over 100 million customers world wide
through product offerings of private label credit cards and
promotional retail finance to the world's leading retailers
and manufacturers, personal loans, auto financing, corporate
cards for commercial customers, and diversified financial products
directly to consumers. In December 2004, GE Money Home Loan
and GE Money Personal Loan were launched In India with strong
operations backed by the latest information technology support.
Products such as, New & Used Car Loans, Auto refinance, Two
wheeler loans, Loans Against Property, Consumer Durable Loans
and CRM products are under GE Countrywide at present. These
products will be migrated to GE Money in a phased manner over
2005.
With strong joint venture partner in Maruti and expertise spanning
geographies, GE Money continues to add value to its customers
and partners in India through Maruti Countrywide.
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Commercial Finance
GE Capital Transportation Financial Services, provides innovative
financial solutions for the transportation segment. It has recently
ventured into the construction and mining equipment financing
business.
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Commercial Finance
Commercial Finance offers a range of financial services, which
include Corporate Finance, Infrastructure Finance, Acquisition
Finance, Private Equity and Syndication Services for a broad
cross-section of Indian industry.
The Corporate Finance business focuses on providing finance
to corporates to meet their working capital needs, capital expenditure
plans, project finance and general corporate requirements.
Infrastructure Finance provides structured finance to the power
and telecom sectors.
Commercial Finance also provides Investment Support for equity
investment and Acquisition Finance through loans against equity-linked
debt instruments such as Convertible Bonds, Redeemable Preferred
Stocks, Optionally Convertible Debentures, and Equity Collateralised
Loans.
The Private Equity business focuses on helping closely held
unlisted companies who are significantly expanding their businesses
by raising the necessary funds through private placement of
equity.
Syndication Services offer advisory restructuring, placement
and distribution of corporate finance products across a wide
segment of institutional and retail investors.
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Business Process Management Services
GE Capital International Services was established as a wholly-owned
subsidiary in October 1996 to assist client organisations maximise
speed and efficiency of current internal and external processes
with a cost, quality and service advantage. The business currently
offers world class business process management services and
back office support to meet the diverse needs of its international
and domestic customers. It provides back office processing services
to GE companies in America, Europe and Asia Pacific. The focus
is to develop Centres of Excellence in Transaction Processing,
Accounting Services and Call Centres to service both GE and
non-GE companies worldwide.
It has established its first world class remote processing centre
in Gurgaon (near Delhi) and is in the process of setting up
another world class facility at Hyderabad (Andhra Pradesh) to
cater to the expansion of its remote processing services business.
Also established a Decision Science Centre in Bangalore that
is responsible for developing predictive tools and models for
all aspects of customer management.
To know more about our business, visit gecapitalindia.com
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