GE Capital Services India Ltd
is the world's largest issuer of private level credit cards. In 1998, GE Capital Services and State Bank of India merged together to form two companies - GE Capital Business Process Management Services Ltd.
GE Capital Services India Ltd is a global company that offers global diversified financial services across the world. It has 28 distinct businesses under its canopy. Currently the assets of this firm amount to US $300 billion while it had a net earning of US $3.8 billion in the year 1998. The major domains and the business areas that GE Capital Services cover are - Consumer Services, Equipment Management, Mid-Market Financing, Specialty Insurance and Specialized Financing. The global operations of GE Capital Services are generally available in Europe, Asia and Latin America.
In India, GE Capital Services was introduced in the year of 1993. GE Capital Services India was set up as the wholly owned subsidiary of GE Capital Services. The GE Capital Services India is one of the largest capitalized financial services companies of the world and estimated asset base of the firm is Rs. 3,500 crore.
The company is famous for introducing innovative financial solutions for the customers and clients. The major businesses of GE Capital Services in India are:
- GE Money
- Commercial Finance
- Business Process Management Services
GE Capital Services and SBI in India also offer some attractive insurance policies for their clients and they are:
- Accident Insurance
- Medical Insurance
- Super Suraksha
- Protection Plus Insurance
GE Capital Services offers a number of credit cards to the customers through a joint venture with SBI. They are:
- SBI Silver & More Card
- SBI Gold & More Card
- SBI Platinum Card
- Partnership Card