State Bank of India LONI - Ghaziabad
About State Bank of India LONI
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 LONI
| Address : | Balram Nagar, Loni, Ghaziabad, Uttar Pradesh 201102, India |
| Phone : | π +9799 |
| Postal code : | 201102 |
| Website : | https://www.sbi.co.in/ |
| Categories : |
Bank
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Najeer Ahmad on Google
β β β β β Staff Is Very Rude & Miss Behavior
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Hasim GST and Tax consultant on Google
β β β β β Bad service in this branch , not work, bad service Loni sbi branch
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Abhishek Sharma on Google
β β β β β There's very Rush their staff have an average service .
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Reyaz Ahmad on Google
β β β β β Both Atm's are out of cash but another option is there was an Axis bank ? ATM
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PRINCE TYAGI on Google
β β β β β Its Good and great bank in India , in this many many people are opening account , and many accounts are open daily , the employer are working good in this bank
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Ubed Saifi on Google
β β β β β Very bad service,koi sunta hi nhi
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R K on Google
β β β β β This bank is good but some facilities are not provided properly. as passbook printing machine is not work properly and some people of bank are not working, not listening anyone.
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Aashutosh pandit on Google
β β β β β Bank services is very very bad ?.
Cdm machine have always issue and manager also do not solve the problem.
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