State Bank of India MODEL TOWN - New Delhi
About State Bank of India MODEL TOWN
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 MODEL TOWN
| Address : | B-4/7, Prince Rd, Block B, Model Town Phase I, Model Town, New Delhi, Delhi 110009, India |
| Phone : | 📞 +97 |
| Postal code : | 110009 |
| Website : | https://www.sbi.co.in/ |
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Nitin Gandhi on Google
★ ★ ★ ★ ★ Good facilities are available here and you can deposit your cash in cash deposit machine
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GAURAV CHOUDHARY on Google
★ ★ ★ ★ ★ No complaints option available and staffs not corporate and very high attitude.
I m not satisfied with this branch.
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Vijay Agrawal on Google
★ ★ ★ ★ ★ worst bank in model town area
they feel bad in depositing or pass book completion staff does not want to talk even mgr also do not entertain
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paonam jimmy on Google
★ ★ ★ ★ ★ Sbi model town is the worst branch ever in my experience, staff are full of attitude , they didn,t precious the time of other...the person who give withdrawal form is the only one who is polite and know his duty . Worse worse branch everrrrrr....
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Preeti Chopra on Google
★ ★ ★ ★ ★ There staff having no knowledge of any transfers or senior citizens schemes pls no body take any senior citizens schemes from any sbi bank becoz when u need ur money urgantly they don't know how to close that scheme and harassed you
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Dheeraj Rana on Google
★ ★ ★ ★ ★ My wife has bank account in this branch, we have given two times written request to issue new ATM card, because the old one is not working due to old without chip card, even bank has not uploaded our new mobile no after two request, staff is not co operative, sarkari system ki wajah se dimag kharab hai, we don't keep much money with this branch, worst banking experience in life so far, mostly i bank on my private bank, every time we both husband and wife have to visit bank, May God improve banking of this branch
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as if on Google
★ ★ ★ ★ ★ SBI-model town is the world most rubbish bank ever. People are over age, no one willing to work. All of them need free salary. People dnt know how to talk. Awful service. Don't ever have your account with them. They just know how to do one thing nicely and that is how to waste your time.
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Vanshaj Nanda on Google
★ ★ ★ ★ ★ Most useless bank branch you'll visit in your lifetime, bank staff like Mrs Malini will make sure you regret opening a bank account here. 0 stars from my side.
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