State Bank of India Local Head Office - New Delhi
About State Bank of India Local Head Office
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 Local Head Office
| Address : | STATE BANK OF INDIA, 1, Jai Singh Marg, Police Colony, Connaught Place, New Delhi, Delhi 110001, India |
| Phone : | 📞 +97 |
| Postal code : | 110001 |
| Website : | https://sbi.co.in/ |
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Ritik Vashishtha on Google
★ ★ ★ ★ ★ The place is all good and big, having a hygienic environment as well.
but the staff is way too lazy to do their jobs properly, i had to wait for the document verification for about 2 hours, the person who was supposed to verify the documents came 45 minutes after their lunch break was over, and the thing that was supposed to take only half an hour turned into a tiring 2 hour thing, plus they were not able to verify all the documents as it was closing time, so they told me to come for verification in the next week as well... all over the infrastructure is good but the staff is lazy and careless
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sanno rana3 on Google
★ ★ ★ ★ ★ Worst experience of banking, my mother is a widower of Delhi police n is suffering from last three months beoz of this bank personality, even the manager or the incharge Trupti Verma does no help becoz of them my mother is buying all her necessary medications n her CGHS facility has been stopped ,inspite of request that I am doctor on covid duty I am just running after them to get a letter from last one month.thats how our government departments works
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Pradeep Trehan on Google
★ ★ ★ ★ ★ My first visit to this NRI branch, I really got something done after a long wait. Waiting area is good and comfy. I thank the Staff for helping me out.
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Swapnil Srivastav on Google
★ ★ ★ ★ ★ Model branch of SBI, fully equipped and service oriented
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Makamei on Google
★ ★ ★ ★ ★ Local head office, Delhi. Good environment. Large parking space inside for customers as well. Approx, 10 Minutes walking distance from Patel Chest Metro station.
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Abhay Verma on Google
★ ★ ★ ★ ★ Very efficient and courteous staff
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Avinash Gurav on Google
★ ★ ★ ★ ★ It's good and neat place. It's main building of state bank of india(SBI). I saw from outside and looks to tall and beautiful.
Awesome to visit there.
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Rajnath Trilok on Google
★ ★ ★ ★ ★ All the numbers given to contact are not working. its a difficult task to contact SBI. no reply to RTI. no reply to mails. no phone number to contact. how SBI is working God knows. Please respond. My account is not updated.
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