State Bank of India GURDEV NAGAR (LUDHIANA) - Ludhiana
About State Bank of India GURDEV NAGAR (LUDHIANA)
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 GURDEV NAGAR (LUDHIANA)
| Address : | Ferozepur Rd, Gurdev Nagar, Ludhiana, Punjab 141001, India |
| Phone : | 📞 +98 |
| Postal code : | 141001 |
| Website : | https://www.sbi.co.in/ |
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Dr Rakesh Gandhi Advocate on Google
★ ★ ★ ★ ★ My bank my branch
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papa# pesto888 on Google
★ ★ ★ ★ ★ Good environment and nice staff
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Ram Singh on Google
★ ★ ★ ★ ★ Very poor service.bed bank sbi
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Jaspinder Singh Rekhi on Google
★ ★ ★ ★ ★ Very unprofessional, rude, procrastinating behaviour, nieve staff
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Mahadev Gehlot on Google
★ ★ ★ ★ ★ Pls tell your branch contact number nd email address...
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Kartik Prabhakar on Google
★ ★ ★ ★ ★ Absolutely rude. Have no respect for their clients. No one knows how to do their job. Worst branch in Ludhiana.
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Amar Singh on Google
★ ★ ★ ★ ★ No help, Rude employees. Noway you can get a Loan from them. They are typical Govt employees. Sarkari. No work. Thanks for machines for passbook entry
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kuldeep singh on Google
★ ★ ★ ★ ★ Good service but lunch time?
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