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 : | C-28, Community Centre, Near Janak Cinema, Janakpuri, New Delhi, Delhi 110058, India |
| Postal code : | 110058 |
| Website : | https://www.sbi.co.in/ |
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Nikhil Kumar on Google
★ ★ ★ ★ ★ Not crowded...like never ever...but staff behavior isn't good to teenagers they treat u like u r some beggars.
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MRINAL MISHRA on Google
★ ★ ★ ★ ★ Every one is bad please visit any other bank but don't go here they are not friendly especially Aditya parkash. He is mad.
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Aashutosh Yadav on Google
★ ★ ★ ★ ★ Worst bank because cashier understand himself as owner of bank. I think he should remove first from bank and then others
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subhash gupta on Google
★ ★ ★ ★ ★ Worst bank staff. No body want to work. You do any complaint to anybody here no body lisition here.they don't know the way of talking. Concern authority please check and do the heedful
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Kishan Singh Negi on Google
★ ★ ★ ★ ★ Slow work and rush all time one work never been done in day it takes 2,3 days to complete work only beacuse of staff they are slow worker and limited staff i want to change bank i am sick now with this slow workers bank
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Ankita Sethi on Google
★ ★ ★ ★ ★ Non co operative staff , manager shouts on the top of his voice
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Lucky Kumar Sultana on Google
★ ★ ★ ★ ★ Worst customer experience.
I had to change my decision of opening bank account in such a poor branch.
The employees does not care about customers and their problems.
All are enjoying government job and neglecting bank issues.
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Anjali Tanwar on Google
★ ★ ★ ★ ★ 2 ATMs are there.. one is 24hr working one remain out of cash most of the times.
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