State Bank of India - S.M.E Branch - Amritsar
About State Bank of India - S.M.E Branch
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 - S.M.E Branch
| Address : | Majitha Rd, Gopal Mandir, Gopal Nagar, Amritsar, Punjab 143001, India |
| Phone : | 📞 +987 |
| Postal code : | 143001 |
| Website : | https://www.sbi.co.in/ |
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Dilman Chahal on Google
★ ★ ★ ★ ★ Really pathetic experience staff is so rude
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Mohinder Kumar on Google
★ ★ ★ ★ ★ Worst service staff are very rude
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Prabhjot Kaur on Google
★ ★ ★ ★ ★ Worst bank I've seen
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Gagan Luthra on Google
★ ★ ★ ★ ★ ATM and Bank both are available here
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Dr.M.P.SINGH Master of Surgery on Google
★ ★ ★ ★ ★ Not customer friendly bank. Over rushed
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CA Anmol Davesar on Google
★ ★ ★ ★ ★ Worst bank.. Never open account with them. Over rushed always.. Worst bank.. No management
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siddharth mishra on Google
★ ★ ★ ★ ★ Employees doesn't listen carefully and make us run due to small reasons and also works doesn't got completed under time . Please make it fast . I got my ATM card at time but for enabling it we have to do a lot . We have to activate it . When I went for activation and asked for form then no one helped in that . They should help the customer in these things. These are small things but a fresher doesn't know whether he educated or uneducated.
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Mangat Dass on Google
★ ★ ★ ★ ★ My account open very few tyms. But which employer sbi account open cabin very fast worked nd with mam she is very honest. Serial vise everyone came told solve or how to do. Form fill. V. Very honestly hard working he nd she. Both r worked very honest. No rich no poor. Work everyone listen everyone they talk very very polite. Nd mam which many prblm solve about atm card. Pin chage how to do in mobile application. She do prectilasy single words. Very great hard worked young boy nd with another chair mam. They such a large nmbr of sbi account holder came nd few minutes every work in protocal. How do how did. Clealty.
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