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Essay

state bank of india

Essay specific features

 

Issue:

Business

 

Written by:

Karlene S

 

Date added:

December 4, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1083

 

Was viewed:

2254 times

 

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Essay content:

The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January 1921. The State Bank of India was born with a new sense of social purpose aided by the 480 offices comprising branches, sub offices and three Local Head Offices inherited from the Imperial Bank...
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The concept of banking as mere repositories of the community's savings and lenders to creditworthy parties was soon to give way to the concept of purposeful banking subserving the growing and diversified financial needs of planned economic development. The State Bank of India was destined to act as the pacesetter in this respect and lead the Indian banking system into the exciting field of national development...
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