State Bank Of India Branch inaugurated at Rashtrapati Bhavan; All you need to know

On Saturday, July 24, President Ram Nath Kovind inaugurated new branch of country's largest lender, State Bank of India (SBI), at premises of  Rashtrapati Bhavan. This is first branch to be opened at  President's Estate. First Ly Savita Kovind, Union Finance Minister Nirmala Sitharaman, Union Minister of State for Finance Dr. Bhagwat Kishanrao Kar, and SBI chairman Dinesh Khara were present at event. 

According to a statement issued by Rashtrapati Bhavan, President Ram Nath Kovind is first customer of new SBI branch and was handed over his passbook today, soon after opening his account.

SBI chairman Dinesh Khara said that it was an hor for SBI to have a branch at President’s Estate.

SBI chairman ded, "We are thankful to Hon’ble President for graciously inaugurating this branch. branch will offer a convenient and seamless banking experience to all customers. This branch at President’s Estate is a jewel in crown for SBI".

New SBI branch at Rashtrapati Bhavan

new SBI branch is open to all residents and t just to residents of estate.  branch offers safe deposit lockers and an ATM for customers.  All s of banking services will be provided to residents of President's Estate. All financial services are provided by bank and is equipped with latest digital initiatives such as video KYC, automated cash deposit and withdrawal machine, as well as self-service passbook printing facility.

State Bank of India

State Bank of India (SBI) is  largest Indian Bank with 1/4th market share that carries a legacy of over 200 years. It serves over 44 crore customers through its vast network of over 22,000 branches, 58,500 ATMs, 66,000 BC outlets, with an undeterred focus on invation, and customer-centricity. SBI states that ir bank functions as per ir core values that include service, transparency, ethics, politeness, and sustainability.

Bank has successfully diversified businesses through its 11 subsidiaries including SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, and SBI Card. It operates globally across time zones through 233 offices in 32 foreign countries.

(Im credit: TWITTER@RASHTRAPATIBHAVAN)