State Bank ATM - Chandigarh
About State Bank ATM
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 State Bank ATM
Address : | 22C, Dakshin Marg, Sector 22-D, Sector 22, Chandigarh, 160022, India |
Postal code : | 160022 |
Website : | https://www.sbi.co.in/ |
Categories : |
ATM
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S Gupta on Google
★ ★ ★ ★ ★ |
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nitin kumar on Google
★ ★ ★ ★ ★ Not working
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Aman saini on Google
★ ★ ★ ★ ★ The guard whose duty is to tell the public whether the atm is working or not, is very rude and whenever you go to the atm either he is busy on phone or walking outside.
Twice I visited the atm, both times the atm was not working,
I came outside the atm and asked him uncle why you didn't tell me that the atm is not working,
He told me that you asked me before going there
That was very rude,
I mean his duty is to tell people that the atm is not working, but his answer is very sad.
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