State Bank of India LUDHIANA - Ludhiana
About State Bank of India LUDHIANA
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 LUDHIANA
| Address : | Fountain Chowk, Rakh Bagh, Civil Lines, Ludhiana, Punjab 141001, India |
| Phone : | 📞 +998 |
| Postal code : | 141001 |
| Website : | https://www.sbi.co.in/ |
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Prabhjot Singh Grace on Google
★ ★ ★ ★ ★ Biggest Branch of State Bank of India. All services are avaialble here under 1 roof. More than 4 ATM machines, 1 cash deposit machine, passbook printing kiosk, coin vending machine, self account opening kisok and many self do operations are available. SBI NRI baranch is also operational. Good environment, nice sitting (waiting) arrangement. Fully air conditioned branch.
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I Deol on Google
★ ★ ★ ★ ★ I had nri accounts at this branch. The worst staff. ATM card never worked. I tried several times to get sms to phone about account info; never worked. Phone banking ppl hang up on u. They make you wait and wait. If u come here be ready to waste a few hours of ur day. Don't get accounts here. They dupe u wherever they can. Got my accounts shifted to a private bank. As they say in hindi: Kam chor's bank.
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GURDEEP KAUR on Google
★ ★ ★ ★ ★ Please I request don't open account in this Bank because staff is too lazy........Bank not comfortable for Persons with Disabilities Divyangjans and Seniors citizens......
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Sidhant Jain on Google
★ ★ ★ ★ ★ This is the first bank one can open account in. and the other bank I would not recommend is idbi. Despite being the main branch it works with the speed of only like a cow pulling a cart. Worst bank spent 2 hrs in line depositing 3000 rupees.
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Mayank Sharma on Google
★ ★ ★ ★ ★ 1. Staff is too much lazy.
2. They never pick call.
3. They respect their own time only.
4. Poor air-conditioning.
5. Destroying the respect of Gov. banks.
6. Even they can write a book of excuses.
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deepika verma on Google
★ ★ ★ ★ ★ I have got a home loan from sbi,and there is some error in their calculations due to which money gets deducted from my account abruptly or smtimes it is skipped..its is a harrasment to visit bank so frequently.
They allways say everything is ok with my account, i guess its not,
Unable to find their own mistake. M so so disappointed with them.
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Tejinder bhogal on Google
★ ★ ★ ★ ★ Public Bank and try mess food ?
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Ripan on Google
★ ★ ★ ★ ★ Laziest government employees ever seen..
Simple task like signature updation takes too much time. She keep on scrolling her phone and chatting with colleagues.
Closing my account. WORST EXPERIENCE
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