The first Indian Bank formulated in the year 1845 in Calcutta. Next branch opened in then Mumbai. The third branch was opened in Madras in the year 1855. There after taking care of Government Banking Tansactions. This is the first Bank in India opened branches in rural areas. After nationalisation of banks in the year 1969 most of the private sector banks are opened their branches in the rural India. Subsequent nationalisation of some more private banks in the year 1980, opening of branches in rural area become a compulsion for opening of branches in the urban areas. State Bank of India taking care of Indian government requirements for implementing of government sponsored schmes like IRDP, PMRY, DIR and other schemes in rural and urban areas. State Bank of India is the leading Banker in implementing of Government guidelines in poverty eradication programme.
Thursday, September 11, 2008
HISTORY OF STATE BANK OF INDIA
The first Indian Bank formulated in the year 1845 in Calcutta. Next branch opened in then Mumbai. The third branch was opened in Madras in the year 1855. There after taking care of Government Banking Tansactions. This is the first Bank in India opened branches in rural areas. After nationalisation of banks in the year 1969 most of the private sector banks are opened their branches in the rural India. Subsequent nationalisation of some more private banks in the year 1980, opening of branches in rural area become a compulsion for opening of branches in the urban areas. State Bank of India taking care of Indian government requirements for implementing of government sponsored schmes like IRDP, PMRY, DIR and other schemes in rural and urban areas. State Bank of India is the leading Banker in implementing of Government guidelines in poverty eradication programme.
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