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State Bank of India

The Government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake and renamed it the State Bank of India.

702 Questions

What is central bank?

A central bank, reserve bank, or monetary authority is the entity responsible for the monetary policy of a country or of a group of member states. Its primary responsibility is to maintain the stability of the national currency and money supply, but more active duties include controlling subsidized-loan interest rates, and acting as a "bailout" lender of last resort to the banking sector during times of financial crisis (private banks often being integral to the national financial system). It may also have supervisory powers, to ensure that banks and other financial institutions do not behave recklessly or fraudulently. =Most richer countries today have an "independent" central bank, that is, one which operates under rules designed to prevent political interference. Examples include the European Central Bank and the U.S. Federal Reserve. Some central banks are publicly owned, and others are privately owned. In practice, there is little difference between public and private ownership, since in the latter case almost all profits of the bank are paid to the government either as a tax or a transfer to the government.==Shani......=

Is it harder for a creditor to freeze a bank account if you live in one state and bank in another state?

A creditor CANNOT freeze a Bank account only a Judge can. You will be summoned to Court before this happens. Can a creditor freeze my bank account? QUESTION: Today I discovered that a creditor has frozen my bank account. I'm barely earning any money right now, and with three kids I can't afford to lose any of these savings. Is this legal? The creditor does have a court judgment against me. ANSWER: Bad news: It is legal for a creditor with a court judgment against you to freeze or "attach" your bank account. Some creditors, like the IRS, can attach your account even without a court judgment. But there are limits to what the creditor can take from your account. If all or some of the money came from sources such as Social Security or a public assistance program, this money would be protected. To prove that you deserve this protection, however, you'll have to ask for a hearing. How to request a hearing, and how soon you must request it (usually pretty soon) varies from state to state. The best way to start is to ask the bank for copies of all the attachment papers. These papers normally outline the next procedural steps. Or, call your local legal aid office for advice and possibly low-cost legal representation. Y-THINK-Y * Yes, filing an abstract judgment in a state other than where the judgment was entered is only possible against real property. The exception would be if the bank where the account is held also has locations in the state where the judgment was entered.

Sbi ifsc number?

To Search IFSC Code of any State Bank of India (SBI) Branch in India, Visit:http://www.statebankofindiaifsccode.com. Search is very easy. Just follow 4 steps.

1) Select State

2) Select City

3) Select Bank

4) Select Branch

And you get the IFSC Code of that Bank Branch in that city.

you can also visit:http://www.statebankofindiaifsccode.in

Total number of branches of sbi at present?

SBI-US offers a wide array of services including money transfer, deposits, loans and trade services.

SBI-US is your best link to India with a 13000+ branch network of SBI and its Associate Banks in India.

so the answer to ur question is - sbi has branch network of 13000 above ...............

What is the timing open of S.B.I bank?

timings:

10:30 to 3:00 (M2F)

10:30 to 12:00(SAT)

What are the problems and faced by banks?

If you are not careful with your online banking credentials, anti-social elements and fraudsters can hack into your bank account and steal your money. So the most important thing while using online banking is to ensure that your credentials are safe and you use a computer only from home or office that is used only by you and ensure that it is protected with the latest anti-virus software.

What is CIF No in State Bank of India?

CIF is Customer Information File. It's a number that is needed in core banking branches to Uniquely identify customers so that the repetition in Customer Bank A/c Number could be handled well. This file contains Customer's KYC information and PAN details as well as creditability. The number in front of the Debit card/ATM Card is going to be different one. It needs to be assigned by the cards division. It will not at all match or relate to the CIF or A/c No. The current pattern of SBI embeds the branch code on Debit card but it is not mandatory.

Need document to open saving account in sbi bank?

For opening saving account documents viz.(1)Account opening form and personal inforation form duly filled in (2)Identity proof (Pan card) or employer's or any other 'I' card (3)residence proof (Ration-card and Electricity or telephone bill)or election card or driving licence or passport)(4) signature of account holder having account with SBI for over 6 months as introducer

What is iban number of state bank of travancore in India?

State Bank of Travancore was established in the year 1945 as Travancore Bank Ltd, at the initiative of C.P. Ramaswami Iyer, the then Divan of Travancore. In 1960 it became a subsidiary of State Bank of India under the SBI Subsidiary Banks Act of 1959. It is a premier bank of the State of Kerala in India.

Is bank of India a govt of India undertaking bank?

Bank of India is a Nationalized Public Sector Bank in India with majority stake being held of Government of India

What are the Demand draft cancellation charges in state bank of India?

I have a further query that whether a Demand draft made at kota, rajasthan be cancelled at lucknow, up. If so what would be the charges on it?

Is it union bank of India a government bank?

The State Bank of India is the largest bank in India and second largest in the world. Its a Public Sector Bank with the Reserve Bank of India having 60% stake in it. SBI was natonalised in 1955 by the Government of India.

When state bank of India was started?

State Bank of India was originally called the Imperial Bank of India and was established in the year 1806 when the British ruled India. Later when India got its independence, the government of India, took over control and was nationalized and renamed to State Bank of India

How do you find your SBI ATM password?

Passwords related to ATM machines are private and if you have forgotten yours you need to contact the provider of the ATM card.

How do you check sbi account balance without net banking?

You can check the balance on your SBI ATM card by calling the 800 number on the back of the card. Many ATMs will have a check balance option. Some ATMs will charge a small fee for checking the balance.

What is the scale of branch manager in state bank of India?

The Scale varies with the category of Branch or GL size of the branch and most important on availibilty of Managers , Usually in a Rural Branch the Branch Managers are Scale I /PO's experienced with min 3 years , for a town or a smaller city MMGS Scale II is compulsary or MMGS III, For Big Metros Min Scale MMGS III Or MMGS IV is required , if we sum up PO joining may require 8 -10 years to become Branch Managers in Metro Cities and Min 4-5 in Category B/C Cities and Minimum 3 years in Category D or Rural Branches .

Thanks & Regards :

Mr. Avinash Srivastava

Banking Expert

Chairman of sbi?

please provide me with a list of ex-chaimen of SBI

How many branches of State Bank Hyderabad bank in India?

sbi have at about 16000 branches and 8500 ATM centres in India,the 10000th branch was recently inaugurated by honorouble defence minister p.chidambaram at his own constuency....................!