The Reserve Bank of India (RBI) is India’s central banking organization, in charge of overseeing the rupee’s monetary policy. The Reserve Bank of India Act, 1934, which formed RBI, was passed on April 1, 1935. One of RBI’s most well-known catchphrases is “Atal Banenge, Adhunik Bharat Banega,” which translates to “We will be steadfast, India will be modern.”
The State Bank of India (SBI) logo is comprised of a blue keyhole-shaped design with the bank’s acronym printed in white bold letters. The font that appears in the SBI logo was created especially for the bank. The trust, security, and forward-thinking themes are intended to be communicated via the logo.
In contrast, the stylised letter “H” in blue appears in the emblem of HDFC Bank. The letter “H” is wrapped in a green box, which stands for development and expansion. The bank is portrayed as being dependable, cutting-edge, and customer-focused in the logo.
Government ownership of SBI indicates that the government owns the vast majority of the bank. 57.98% of the total shares of SBI are owned by the Indian government. The largest bank in India is SBI, which is also regarded as one of the most reputable institutions there.
Hasmukh Adhia is the Bank of Baroda’s (BoB) current chairman. On April 12, 2021, he was named BoB’s chairman. Adhia was crucial in putting into effect a number of significant policy reforms in the Indian financial system while serving as the country’s Finance Secretary before joining BoB. Finally, the RBI pledge to modernize India’s financial sector is reflected in the phrase “Atal Banenge, Adhunik Bharat Banega” in its logo. While the HDFC Bank logo symbolizes expansion and advancement, the SBI logo communicates security, trust, and progress. Government-owned SBI currently has Hasmukh Adhia as its chairman.