Home > Discover New Delhi > Trade & Commerce > Banks

Banks • Industrial Development Bank of India • Reserve Bank of India State Bank of India • The National Stock Exchange • Some prominent banks in Delhi    Industrial Development Bank of India   Set up as a fully owned subsidiary of RBI in 1964, IDBI was transferred to the Government of India in 1976. It was aimed to be an apex financial institution; a leader and chief coordinator for institutions at national and state levels. It made a mojor contribution towards balanced development of the large and small scale industrial sector. In 1994, IDBI Act was amended to permit public ownership. The government's stake is now at 72.14%. http://www.idbi.com/    Reserve Bank of India   The RBI was established on 1 April 1935 and was nationalized on 1 January 1949. Some of its main objectives are regulating the issue of bank notes, managing India's foreign exchange reserves, operating India's currency and credit system with a view to securing monetary stability and developing India's financial structure in line with national socio-economic objectives and policies. As the Central Bank of India, the RBI acts as a banker to Central/State governments, commercial banks, state cooperative banks and some financial institutions. It formulates and administers monetary policy with a view to promoting stability of prices while encouraging higher production through appropriate deployment of credit. It plays an important role in maintaining the exchange value of the Rupee and acts as an agent of the government in respect of India's membership of IMF. The RBI also performs a variety of developmental and promotional functions. http://www.rbi.org.in  State Bank of India   State Bank of India is the largest bank in India in terms of profits, assets, deposits, branches and employees. The bank has a network of over 9,000 branches in India and 51 foreign offices in 32 countries. The Reserve Bank of India is the single largest shareholder of the Bank). SBI's shares and bonds are listed for trading on all the major Indian stock exchanges. Over the years, the Bank has pioneered innovative measures and contributed significantly to the growth of the Indian economy. It has been taking new initiatives with the changing economic environment and is poised to establish itself in the new millennium as a premier Indian financial services group with a global perspective and world class standards of efficiency. http://www.statebankofindia.com    The National Stock Exchange   Though the impetus for the establishment of the NSE came from policy makers in the country, it has been set up as a public limited company, owned by the leading institutional investors in the country. The Exchange is managed by a Board of Directors. Decisions relating to market operations are delegated by the Board to an Executive Committee which includes representatives from the Trading Members, the public and the management. Besides, the Exchange operates various committees to advise it on areas such as good market practices, settlement procedures, risk containment systems etc. The NSE went live with the inaugural session for Automatic Lending and Borrowing Mechanism (ALBM) for lending and borrowing of securities on February 10,1999. This is the first time an Indian agency approved by SEBI will be conducting the securities lending & borrowing transactions based on international practices.  Some prominent banks in Delhi:    ABN Amro DLF Plaza Parliament Street New Delhi Phone: 3755130 American Express Refund Service Center Hamilton House New Delhi-1 Phone: 6145920 6875930 American Express A Block Connaught Place New Delhi-1 Phone: 3324119 ANZ Grindlays E Block Connaught Place New Delhi-1 Phone: 3319643 Bank of America Hansalaya Building. Bara Khamba Road. New Delhi-1 Phone: 3356202, 3720025 Bank of Baroda 16 Sansad Marg New Delhi-1 Phone: 3321901 3328865 Bank of India Jeevan Bharti Bldg Tower Level V Connaught Circle New Delhi-1 Phone: 3317302 3311647 3325785 3325843 Bank of Tokyo Jeevan Vihar Building 3 Parliament Street. New Delhi-1 Phone: 3733490 3360052 Bank of Maharashtra 6/30 WEAK Bagh New Delhi-5 Phone: 5729563 5726798 Banque Nationale de Paris 15 Barakhamba Rd New Delhi-1 Phone: 3313883 Bank of Rajasthan 2213 Gurudwara Road Karol Bagh New Delhi-5 Phone: 5738966 7251235 5738966 Canara Bank Prakash Deep Bldg Tolstoy Marg New Delhi-1 Phone: 3732603 3733686 Central Bank of India Link House Bahadur Shah Jafar Marg New Delhi-2 Phone: 3319268 3319280 3318964 CitiBank Jeewan Bharti Bldg 124 Cannaught Circle New Delhi-1 Phone: 3328989 3734795 3322454 Corporation Bank 16/10 Arya Samaj Road Karol Bank New Delhi-5 Phone: 5739934 5738445 5739172 Dena Bank Gopala Towers Rajendra Palace New Delhi-8 Phone: 5721705 5755235 Deutsche Bank Tolstoy House 15-17 Tolstoy Marg New Delhi-1 Phone: 3310604 3712028 3327411 Export-Import Bank of India 1st Tower Jeevan Bharti Building 8th Floor 124 Connaught Place New Delhi-1 Phone: 3326375 3326625 National Housing Bank Hindustan Times House 18-20, Kasturba Gandhi Marg New Delhi-1 Phone: 3710890 Hongkong Bank ECE House 28 Kasturba Gandhi Marg New Delhi-1 Phone: 3314355 Punjab National Bank 7 B Cama Place New Delhi-66 Phone: 6106869 3718634 Standard Chartered Bank 17 Sansad Marg New Delhi-1 Phone: 3360195 3732260 Thomas Cook Imperial Hotel Janpath New Delhi-1 Phone: 3327135				25 Best Employers in India India's Best Chief Ministers Call Centre Culture India's Best Cities for Business Banks Industries Industrial Organisations Shopping Complexes ITPO Ministries
|