State Bank of India JAWAHAR VYAPAR BHAWAN - New Delhi
About State Bank of India JAWAHAR VYAPAR BHAWAN
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 JAWAHAR VYAPAR BHAWAN
| Address : | Jawahar Vyapar Bhawan, STC B, HC Mathur Lane, New Delhi, Delhi 110001, India |
| Phone : | 📞 +979 |
| Postal code : | 110001 |
| Website : | https://www.sbi.co.in/ |
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Bollina Satish on Google
★ ★ ★ ★ ★ ATM with CDM
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royal rajput on Google
★ ★ ★ ★ ★ Nice. Place
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SHABUJ KARMAKAR on Google
★ ★ ★ ★ ★ No such bank exists at this location.
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Abu Rana on Google
★ ★ ★ ★ ★ they should not pick the telephone
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Rajnish Kumar Khurana on Google
★ ★ ★ ★ ★ very courteous and customer friendly staff
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narender kumar Sharma on Google
★ ★ ★ ★ ★ PSU Bank Branch you can bank upon
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Baba Fakruddin on Google
★ ★ ★ ★ ★ Atm+Cdm both work efficiently
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Anant Dahiya on Google
★ ★ ★ ★ ★ It's a personal banking branch which offer all types of basic banking facilities including account operation credit and advance such as car loan home loan education loan and scholar loan and all other basic facilities available in State Bank of India.
Please note,
Do not disclose confidential information such as your credit card or debit come ATM card details, , your internet banking credentials OTP received through message Bank never ask such information via phone call or any indirect medium.
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