State Bank of India In Touch - New Delhi
About State Bank of India In Touch
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 In Touch
| Address : | 512, Vikas Marg, Veer Savarkar Block, Block S 2, Upadhyay Block, Shakarpur, New Delhi, Delhi 110092, India |
| Phone : | 📞 +988 |
| Postal code : | 110092 |
| Website : | https://www.sbi.co.in/ |
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Vivek Rajput on Google
★ ★ ★ ★ ★ Worst Service from Bank... Nobody picks up the call... Even the Branch Manager does not respond...Where can I file the complaint about this branch?
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Sudeep Sah on Google
★ ★ ★ ★ ★ Worst banking experience ever
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Niraj Chaudhary on Google
★ ★ ★ ★ ★ Nice branch with Atm inside.
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LALAN YADAV555 on Google
★ ★ ★ ★ ★ This is worst branch ever seen
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Manpreet Kaur on Google
★ ★ ★ ★ ★ All sarvodaya vidyalya in Delhi is Super but today I visit here Rajkiya sarvodaya bal vidhyalya sakrpur is really well furnished and well maintained and also in security purpose ,in the campus many cctv camera were installed so its very good, and classrooms are also too good, well spacious light full and bords are also visible ,speakers in every classroom ,toilet is properly for students and staff so ita very good, and also teachers are very good. walking distance from laxmi nagar metro station ?
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VIKAS GUPTA on Google
★ ★ ★ ★ ★ The service of the employees of this bank is the worst, they deducted the charges while remaining in the balance of the bank.
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BUNNY Baghel on Google
★ ★ ★ ★ ★ Nice. Feel after taking a rest
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Alok Ranjan on Google
★ ★ ★ ★ ★ not happy with his talking..you go any sbu branch on the same day your work will never happened.. kal aana. when you go tomorrow kal aana. its continuously loop. be caution before you go here
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