Showing posts with label Bank. Show all posts
Showing posts with label Bank. Show all posts

Wednesday, October 9, 2019

Security in Banking Industry, India with special reference on SBI.



The presidencies of our country were having banks such as Bank of Bengal, Bank of Madras and Bank of Bombay,. These banks amalgamated and form the Imperial Bank of India. In 1955 as act State Bank of India (SBI)  was formed the registered office is 1, Strand Road, Kolkata. This is now the local head office SBI. A museum on SBI is located at this place which may be unique of its kind.

After Bank nationalization in India, all these banks have followed the guidelines of Reserve Bank of India.SBI after there expansion of branches they had reorganized there branches as follow


In 80's SBI had recruited the Security Officers for their Branches, One Security Officer is to look after around 180 branches maybe 5 to 6 districts. The Branches were having security arrangements
such as access control, alarm system, fire alarm system, fire prevention system, Bank Armed Guard Police Guards and no guard branches. Now the branches are open six hours a day. There are alternative channels that are there for Banking facilities, such as ATM, Internet Banking, Mobile app, etc. The cash movement between Branch to Branch, Branch to ATMs under Bank's own arrangement and outsourcing.