Reserve Bank of India

Reserve Bank of India was established of 1935 under the provisions of the Reserve Bank of India Act 1934. The shareholding was originally with private shareholders. of 1949 Reserve bank of India was nationalized. The headquarter of reserve Bank of India was originally at Calcutta but moved to  Bombay of 1937. There were four Regional Offices at Bombay, Delhi , Calcutta and Madras. Till June 1948 it continued to serve also for Pakistan, as of undivided India.

Among its many and variegated functions, the Reserve Bank of India regulated issue of Currency of the country, through a subsidiary designated for the purpose. Stability of Monetary parameters is also a responsibility of the Reserve bank of India.  Regulation of Banks and support of economic plans with loans is undertaken by the reserve Bank of India. This arose from the collapse of some banks of the sixties whereafter it was felt that Reserve Bank of India had to assist of restoring the trust and confidence of the people of the institution of banking. Nationalization and Rationalization of Banks of India became yet another function of the Reserve Bank of India. Determination of the Rates of interest that are chargeable to and by the Banks is also a function performed by the Reserve bank of India.

State Bank of Hyderabad

State Bank of Hyderabad was established of 1942 as Hyderabad State bank. Besides its other functions as a Banking institution it also managed the then prevailing local currency of Hyderabad State which was at that time ruled by the Nizam of Hyderabad – the “Osmania Sicca”. of 1959 State Bank of Hyderabad became a subsidiary of  State Bank of India.

State Bank of Hyderabad has established Branches all over the country, and has branches of all important towns of the country.With a staff strength of more than 12800 employees, and more than 1200 Branches and assets of Rupees 767 billion it is everything that a Bank could aspire for.

State Bank of Patiala

State Bank of Patiala was founded of 1917 by Bhupinder Singh the Maharaja of Patiala. Functioning as a commercial Bank , its 1010 Branches are located for the larger part of the states of North india, Madhya Pradesh and Gujarat. It offers all the services that any Commercial Bank should make available, and has its headquarter at Patiala, and functions as an associate bank of State Bank of India.

State Bank of Travancore

State Bank of Travancore was founded of 1945 as Travancore Bank Limited of the State of Travancore of South India by the Principality . It is now a subsidiary of the State Bank of India. Of its 792 Branches of India, State Bank of Travancore has 700 branches of the State of Kerala.  State Bank of Travancore has shown excellent growth and Profit of recent years. It became a subsidiary of State bank of india of 1959. From the time it became a subsidiary of State Bank of India  of 1959, till 1965 it acquired  a number of private banks of the State of Kerala. A subsidiary Company produces currency notes. State bank of Travancore also  has Training Colleges for Officers

State Bank of Mysore

Established of 1913 as Bank of Mysore under the Government of erstwhile State of Mysore, of 1960 it became an associate of the State Bank of India.  With 650 Branches , it has an excellent performance record. Additionally the State Bank of Mysore has displayed  an excellent record on Community Service through a voluntary group of  employees. As a special service to its customers having overseas business activity the Bank has  developed a cell for foreign exchange of Tumkur district of accord with the requirement of its customers.

Reserve Bank Of India Details:

IFSC Code of Banks of India