State Bank of India JALANDHAR - Jalandhar
About State Bank of India JALANDHAR
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 JALANDHAR
| Address : | CIVIL LINES, P.B, Street Number 1, Jalandhar, Punjab 144001, India |
| Phone : | 📞 +98 |
| Postal code : | 144001 |
| Website : | https://www.sbi.co.in/ |
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Raghav Chadha on Google
★ ★ ★ ★ ★ They are never out of cash, but have rush in peak hours because of being a main head branch of city. But they provide good service
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Vikram Dutt on Google
★ ★ ★ ★ ★ worst NRI staff ever
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Andy Singh on Google
★ ★ ★ ★ ★ Where is phone number to contact to banker??
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Vikas Sharma on Google
★ ★ ★ ★ ★ Sbi main branch.very spacious building.locker facility available.big parking space for cars and two wheelers.proper sitting arrangement is provided inside the bank premises.automatic coin vending machine available. Separate counters for senior citizens.
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Arun on Google
★ ★ ★ ★ ★ Very good experience,helpful managers,all bank related facility available .
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rohit jaswal on Google
★ ★ ★ ★ ★ Very poor service. They r not picked up phone nor replied of any email.
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Sushant Dogra on Google
★ ★ ★ ★ ★ Although there is alot of rush, but surprisingly the employees really help you n do their job very efficiently.
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Vikramjit Singh on Google
★ ★ ★ ★ ★ The staff is staff which leads to long queues on every counter. Bank should do to improve staff and which is helpful for bank to serve long and earn customer loyalty.
Apart from this, cheque deposit machine is always under maintenance.
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