State Bank of India - New Delhi
About State Bank of India
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 of India
| Address : | G-3, VIKASPURI, NCT OF DELHI, AK Market, Vikaspuri, New Delhi, Delhi 110018, India |
| Phone : | 📞 +988 |
| Postal code : | 110018 |
| Website : | https://www.sbi.co.in/ |
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Ajay Kumar Kanotra on Google
★ ★ ★ ★ ★ One of busiest branch
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Kalpana Bhaskar on Google
★ ★ ★ ★ ★ worst ever bank ,Your work will never be completed in one visit due to their system inefficiency , staff on lave and everytime you have to stand in long queues for 1 hour minimum only to hear that staff has not come today too ... pathetic people work here
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Harsharan Singh Sabharwal on Google
★ ★ ★ ★ ★ Worst bank with rude staff. Always have long queues. Shortage of staff and what ever staff they have have done training in rudene
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Tarun Gupta on Google
★ ★ ★ ★ ★ Poor and bad service provide....no supporting staff.... sabka sapoon slow h bank me
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Arth Koshta (Yash) on Google
★ ★ ★ ★ ★ If you want to waste 4 hours of your life, then it's a great place
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Rajesh Sharma on Google
★ ★ ★ ★ ★ I visited this branch for taking of and repayment of my Car Loan formalities, it is behind Sonia PVR. I was surprised to see the working atmosphere there. On Saturday mostly aged people with their banking related works/ queries were there. Staff was not only polite to them but patient with their queries. Due to some technical problems I met Mr Pranay Pallav, branch Manager, who was attending lot of people already, he not only understood my problem, but also explained the system due to which i have to face this problem and promised me that problem will be solved within 2 working days. To my surprise I received a call from the Mr Pranay informing that my problem has been solved. This was my best experience of visiting any bank branch. Really hats off to Mr Pranay and Staff member's for their devotion to duty.
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Rahmat Dostdar on Google
★ ★ ★ ★ ★ Super lazy and useless staff I have had my worst experience with SBI bank in this branch very slow and unprofessional behavior.
If you just wanna waste your time then its the place for it.
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Rajkumar Singh on Google
★ ★ ★ ★ ★ I'm sorry to say this but I'm very disappointed with the services of this bank. I went there to open a new account and I reach the bank at 10 in the morning and they could not open my account after wasting my six hours till four in the evening when they decided to close the bank. They told me to come visit next day and again they said that there was some kind of technical error and they were unable to open my account even after processing all of my documents and doing my electronic KYC. I visited next day multiple times their branch in Vikas Puri and still my account is not opened and they keep telling me that I will be getting a text message when it will be opened. I would personally recommend people to go for private banks and not with State Bank of India because of the poor services and lazy workers there who waste hours of your time. They don't value your time.
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