STATE BANK OF INDIA ACC AMRITSAR
About STATE BANK OF INDIA ACC AMRITSAR
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 ACC AMRITSAR
| Address : | STATE BANK OF INDIA ACC, Raja Sansi, Punjab, India |
| Phone : | 📞 +98 |
| Website : | http://sbi.co.in/ |
| Categories : |
Bank
,
|
| City : | Punjab |
|
K
|
Kamlesh Kumar on Google
★ ★ ★ ★ ★ Good service
|
|
R
|
Roopak sarkar on Google
★ ★ ★ ★ ★ Bad job
|
|
B
|
Balbir Saab on Google
★ ★ ★ ★ ★ Deposit service is best
|
|
S
|
Sarwan Kumar on Google
★ ★ ★ ★ ★ Nice place ,specially manager
|
|
A
|
Akki toor on Google
★ ★ ★ ★ ★ Very bedly mis bahiviar staff
|
|
A
|
AmazingApril on Google
★ ★ ★ ★ ★ They make you wait a lot for small works. They have zero organisation. The manager is helpful however and that is the only thing that helped.
|
|
a
|
alok singh on Google
★ ★ ★ ★ ★ Staff behaviour is not fair ?
|
|
H
|
Honey Mehra on Google
★ ★ ★ ★ ★ Miss Sangeeta and her staff do not act responsibly. These people talk to their customers in a very bad way. I went to open my account three times and they did not open my account three times. don't go to this bank
|
Write some of your reviews for the company STATE BANK OF INDIA ACC AMRITSAR
Your reviews will be very helpful to other customers in finding and evaluating information
Nearby places in the field of Bank,
Nearby places STATE BANK OF INDIA ACC AMRITSAR
