Details of Annual General Meeting for the year ended 31st March, 2018 Read More...
SBI is India’s largest commercial Bank in terms of assets, deposits, branches, number of customers and employees Read More...
An overview of the credit ratings enjoyed by the Bank Read More...
An at-a-glance view of the company's recent performance Read More...
It gives me great pleasure to place before you the highlights of your Bank’s performance during the financial year 2017-18. Details of the achievements and initiatives taken by your Bank are provided in the enclosed Annual Report for the year 2017-18.
Global economy experienced broad based growth in 2017. In particular, economic activity gained momentum in the US and the Euro area. Meanwhile, emerging market and developing economies have also performed better with growth pick-up in emerging Europe and emerging Asia being the major contributors to growth. Levying of tariffs by the US and fears of trade war between the US and China increased the financial volatility in 2018.
However, with the US suspending the tariffs against China after some negotiations between the two countries, fear of fullfledged trade war has now abated. Overall, global GDP is expected to grow at 3.9% in 2018 with the advanced and emerging economies to post 2.5% and 4.9% growth respectively. Having said that, increase in protectionist policies, geo-political uncertainty and the escalation of US sanctions on Iran with the consequent impact on oil price represent the key risks to global growth.
