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Nationalised Banks in
India
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State Bank of India |
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State Bank
of India
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State Bank of
India (SBI) is the country’s oldest Bank and largest banking and financial
services company (by turnover and total assets) with its head office located
in Mumbai, India. It is state-owned. SBI provides a range of banking
products through its vast network of branches in India and overseas,
including products aimed at non-resident Indians (NRIs).
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The State
Bank Group, with over 16,000 branches, has the largest banking branch
network in India. It also has around 130 branches overseas. The State Bank
of India is the largest of the Big Four banks of India, along with
ICICI Bank,
Punjab National Bank
and HDFC Bank,
its main competitors. |
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State Bank of India Head
Office
Bandra Kurla Complex
Mumbai - 400 051
Tel: 91 022 2644 5525
Fax : 91 022 2644 5505
National Toll Free No :
1800 22 8866
Website: www.statebankofindia.com
Banking Hours:
Mon - Fri : 9.30am - 5.00pm
Swift Code : SBININBB |
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The main aim
of nationalised the banks in India was to make it reach its clients in rural
areas and be able to provide them with quality services and this occurred
more in 1969, in this year only 14 more banks were nationalized and in 1980
seven more banks were also nationalized, the State Bank of India is always the best
commercial bank in India and it is also rated the top five banks in the
world.
Nationalised banks like State Bank of India in India are of higher
quality because they are strong, clean and have very transparent balance
sheets than other ordinary banks and the main aim of this banks is to manage
volatility, with a fixed exchange rate.
Nationalized banks in India offer great and quality services to their
customers, they also offer insurance services like health insurance which
enables a person to save money for any accidents that may occur. If you want
to get more information about nationalized bank in India you can visit them
in the website and get to know what they offer. |
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