State Bank of India - Delhi
About State Bank of India
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
| Address : | 270, Anand Vihar Rd, A G C R Enclave, Anand Vihar, Delhi, 110092, India |
| Phone : | 📞 +999 |
| Postal code : | 110092 |
| Website : | https://www.sbi.co.in/ |
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DEAD RED READ on Google
★ ★ ★ ★ ★ Bank nd ATM, parking issues. During school off time in afternoon.
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Abhishek Rawat on Google
★ ★ ★ ★ ★ The staff is really nice and helful.
And they listen and fulfil all your needs!
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Pawan Sagar on Google
★ ★ ★ ★ ★ The bank opening time is 10 AM and the employees start their work after 10:20 AM, this is very disgusting and pathetic service provide by this branch.
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Mayank Nayyar on Google
★ ★ ★ ★ ★ low r.o.i.
One of the best govt. serviced banks
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Avadhesh Kumar on Google
★ ★ ★ ★ ★ The worst branch i have ever seen for SBI. No talking sence with the customers and no body tries to work. Every body is just sitting and making the customer irritate.
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Luv Sharma on Google
★ ★ ★ ★ ★ The banking services of this branch are quit good because sometimes I face some issue in ATM transactions because machine was out of order sometimes.
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R N Gupta on Google
★ ★ ★ ★ ★ Less staff, but they were helpful. ATMs and pass book printing machines in the basement.
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Kavita Dixit on Google
★ ★ ★ ★ ★ Worst experience ever. The staff needs numerous documents repeatedly for simplest works. Many times the information provided is wrongly entered and worst of all is the staff is not even sorry for the inconvenience caused. Highly unprofessional
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