State Bank of India GREEN PARK - New Delhi
About State Bank of India GREEN PARK
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 GREEN PARK
| Address : | L-1, Block B, Green Park Extension, Green Park, New Delhi, Delhi 110016, India |
| Phone : | 📞 +9 |
| Postal code : | 110016 |
| Website : | https://www.sbi.co.in/ |
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Pramod Rohilla on Google
★ ★ ★ ★ ★ Very slow service. People keep on referring from one counter to another. No case of customer service and customer ownership.
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Akshay Narayan on Google
★ ★ ★ ★ ★ The employees are engaged in their personal work. Taking time out for customers when they find time.
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JAYPORE HOUSE on Google
★ ★ ★ ★ ★ The behavior of the staff was not good to their customers. They even don't try to listen the customer waiting for their response.
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Anita Kumari on Google
★ ★ ★ ★ ★ Non cooperative staff and misbehaving with customers.
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CPM on Google
★ ★ ★ ★ ★ Very unsystematic. I m first time visitor to this branch. Had to keep looking for deposit slip. No staff to guide . Expected better from SBI
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Jagdeep Gambhir on Google
★ ★ ★ ★ ★ Good services with very competent and professional branch manager.
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Travel & Unbox on Google
★ ★ ★ ★ ★ "Server is down"in capital of India can't believe it.. most of the time, don't know when this will change 21st century is about to finish!!!
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richa singh on Google
★ ★ ★ ★ ★ Server is down since i dont know how long, there is huge line for cash withdrawal but UNFORTUNATELY they cant do anything!!!! They dont even know when the server will be back so of you are there waiting for the server to be back you might end up wasting yout whole day!
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