At its very core, making money is not all that hard, especially as a business – all you need to do is find a field where people have a pressing need for a product and all you have to do next is find a way to make that product, preferably cheaply so you can maximize your profits.
At that point, you’ll be presented with what may be your most important decision: is it better to sell a low number of items with a high price or a lot of items with a much lower “per item” price?
When your business is a bank you are pretty much assured of the fact that people will require your services for a great many things so all that’s left for you to do is finding the largest customer base you can, and set up shop at that location, with nearly a billion potential customers, it is quite possible that the State bank of India has found the best customer base ever, and you may have found your next binary options investment.
To get to its lofty perch as India’s largest bank, SBI has gone through quite a few changes over its 200 year history, beginning with its establishment as the Bank of Calcutta in the early 19th century along with two other “presidency banks”, those banks remained prominent financial entities in India until 1921 when all three joined and became the “Imperial bank of India”, a joint stock operation that existed without any involvement from the Indian government.
In 1955, the reserve bank of India, which was (and still is) India’s central bank, acquired a controlling interest in the bank, and the name was changed to “State bank of India”, this ownership arrangement was maintained until 2008 when the Indian government itself bought out the reserves bank’s shares to eliminate the obvious conflict of interest that existed due to the reserve bank’s position as the regulatory banking authority.
Throughout its history, SBI has taken over a great number of smaller local banks, at times, to help those banks back from the brink of bankruptcy and at times to increase its own size and profit margin, regardless of the reasons, SBI now maintains nearly 15,000 branches in India alone, along with offices in more than 180 location in nearly 40 countries, with those combined branches employing nearly 230,000 people, all of which contribute to yearly revenue exceeding $33 billion with assets in excess of $388 Billion on record.
Any company originating from a nation that lists nearly 1 billion citizens merits a closer look to the binary options trader, and the state bank of India is no different. While its sheer size may be somewhat misleading, you should not treat this banking behemoth any differently than you would any other banking body – pay very close attention to its bottom line, any major purchases or sales and major shifts in power and competition. If you do all of those with an open mind, you may find that trading on State bank of India’s binary options a lot less taxing than you believed, not to mention – much more profitable.