SBI Home Loan - New Delhi
About SBI Home Loan
Presidency Banks of Bengal
The presidency Banks of Bengal, Bombay and Madras with their 70 branches were merged in 1921 to form the Imperial Bank of India. The triad had been transformed into a monolith and a giant among Indian commercial banks had emerged. The new bank took on the triple role of a commercial bank, a banker's bank and a banker to the government.
But this creation was preceded by years of deliberations on the need for a 'State Bank of India'. What eventually emerged was a 'half-way house' combining the functions of a commercial bank and a quasi-central bank.
The establishment of the Reserve Bank of India as the central bank of the country in 1935 ended the quasi-central banking role of the Imperial Bank. The latter ceased to be bankers to the Government of India and instead became agent of the Reserve Bank for the transaction of government business at centres at which the central bank was not established. But it continued to maintain currency chests and small coin depots and operate the remittance facilities scheme for other banks and the public on terms stipulated by the Reserve Bank. It also acted as a bankers' bank by holding their surplus cash and granting them advances against authorised securities. The management of the bank clearing houses also continued with it at many places where the Reserve Bank did not have offices. The bank was also the biggest tenderer at the Treasury bill auctions conducted by the Reserve Bank on behalf of the Government.
The establishment of the Reserve Bank simultaneously saw important amendments being made to the constitution of the Imperial Bank converting it into a purely commercial bank. The earlier restrictions on its business were removed and the bank was permitted to undertake foreign exchange business and executor and trustee business for the first time.
Contact SBI Home Loan
| Address : | Moti Bagh, Block B, Anand Niketan, New Delhi, Delhi 110021, India |
| Phone : | 📞 +88 |
| Postal code : | 110021 |
| Website : | https://www.sbi.co.in/ |
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Rohit kha nganba on Google
★ ★ ★ ★ ★ The worst bank ever
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Munish Saroch on Google
★ ★ ★ ★ ★ Good bank
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deby kayiba on Google
★ ★ ★ ★ ★ I want to know if I can get money to that bank some of rupees 10000 someone can answer me please
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Ankit Singh on Google
★ ★ ★ ★ ★ The staff is quite good. Just beware of the guard's no use and wrong advises.
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Naveen Kumar on Google
★ ★ ★ ★ ★ This is one of the best bank in moti Bagh
Great facility and good staff.
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Siva Ram on Google
★ ★ ★ ★ ★ Was always apprehensive of government banks. This bank staff was so courteous... Cant thank them enough. Special thanks to alok ji in car loans section :)
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latest world on Google
★ ★ ★ ★ ★ Hdhdhd and the name of each r reader r can get the name is not in a row and service to you and your welcome and thanks again and again for the interview at eating at the moment but it is a little better really ready reference right right reasons really ready to run right really really good r
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Ashutosh Kumar Singh on Google
★ ★ ★ ★ ★ Typical govt Bank. They will send you from 1 counter to another
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