State Bank of India PATIALA; URBAN ESTATE - Patiala
About State Bank of India PATIALA; URBAN ESTATE
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 PATIALA; URBAN ESTATE
| Address : | Urban Estate Phase II, Urban Estate, Patiala, Punjab 147001, India |
| Phone : | 📞 +978 |
| Postal code : | 147001 |
| Website : | https://www.sbi.co.in/ |
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davinder bajwa on Google
★ ★ ★ ★ ★ Loved
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Manjinder Virk on Google
★ ★ ★ ★ ★ Good
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Balwinder Brar on Google
★ ★ ★ ★ ★ Nice
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aman saroa on Google
★ ★ ★ ★ ★ Yes branch there
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Parveenkumar Sharma on Google
★ ★ ★ ★ ★ From last three months i have been there ; but out of three times two times i have found server is not working, This is something irritable; we work in private Companies and visit these branches in case of extreme emergencies ; but if you have to come back empty hand; this is not acceptable.
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Harpreet singh on Google
★ ★ ★ ★ ★ Why have you given phone number if you are not going to pick up and answer the call?
For a little enquiry one has to personally visit your branch.
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Mansi ! on Google
★ ★ ★ ★ ★ Most inefficient branch. Whenever you visit or call them in emergency, they are unable to understand the problem of a customer and try to delay the job which can be done in 2 minutes. Worst case, they will put the landline on hold for hours and hours.
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Navjot Singh on Google
★ ★ ★ ★ ★ This has been by branch from 2007. all though they are very occupied and have high work load. but still they manage to get your query solved in time. they are deal with customer very well because most of there customers are professors university employees or students. So, when ever you will visit this branch they will guide you where, when and what form to fill in order to do you banking. specially, they have new youth staff which are very helpful. they are aware of online procedures and know need of the hour.
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