State Bank of India East Jyoti Nagar - New Delhi
About State Bank of India East Jyoti Nagar
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 East Jyoti Nagar
| Address : | West Jyoti Nagar, Durgapuri Extension, Jyoti Nagar, Shahdara, New Delhi, Delhi 110093, India |
| Postal code : | 110093 |
| Website : | https://www.sbi.co.in/ |
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Abhishek Bhardwaj on Google
★ ★ ★ ★ ★ Near IDBI bank durgapuri chowk.
NAMOKSHA
 Near IDBI bank durgapuri chowk.
NAMOKSHA
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Technical world shivansh on Google
★ ★ ★ ★ ★ Manager dosent know how to with customer
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manish kumar on Google
★ ★ ★ ★ ★ Services for only Premium Customer
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Parvez Khan on Google
★ ★ ★ ★ ★ This office building is in renovation. Looks new.
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ashish tomar on Google
★ ★ ★ ★ ★ They say the minimum balance of opening account is 1 lakh rupees, is it so??
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Himanshu हिमांशु Sharma शर्मा on Google
★ ★ ★ ★ ★ State Bank of India PBB, Near Jyoti Nursing Home, Loni Road, Shahdara, Delhi
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Sachin Kumar on Google
★ ★ ★ ★ ★ If I talk about this branch of state bank of india one of the nice branch I have ever visited, nice staff and Atm cdm and passbook printing machines works properly...Having acount in this branch so amazing as compared to any other branch for everyone...
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Abhishek Singh on Google
★ ★ ★ ★ ★ Today, I visit a state bank of India, Jyoti nagar for deposit my money,
I saw some good things here, No other banks provide you.
1. Very less crowded.
2. Your work can complete in minutes.
3. All corona protocols are being followed by the bank.
4.you will secured, If you have come here to deposit money.
Highly secured Bank, I promise you will not regret.
But, there is some criteria for opening an account,
₹200,000 Minimum balance is must in your account.
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You need any other information about this bank, you can contact me on Instagram abhishek2.8rajput
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