Banks are essential for trade and industry. They deal in debts and credits, accept deposits, lend money and also create money. They perform myriad functions which include acceptance of deposits, advancing loans, creation of credit, clearing of cheques, financing foreign trade and remittance of funds. Secondary functions of banks are purchase and sale of securities, collection of dividends on shares, getting passports/traveler's tickets/air and sea passages for customers, income-tax consultancy, paying of subscriptions/rents/insurance premium etc. on behalf of customers and acting as trustee and executor. General services include giving locker facility, traveler's cheques and credit cards, acting as a referee with respect to financial standing/business reputation etc. Banks also underwrite the shares and debentures issued by the government, public or private companies. Some banks also deal with Merchant Banking Services.
In this section, names of Nationalized Banks, Private Banks and Co-operative Banks in Ranchi have been recorded.
Nationalized Banks:
State Bank of India
Metro Market,2nd Floor, Kachahari Road, Ranchi - 834001
Phone: +(91)-(651)-2280196
State Bank of India (Customer Care)
Ranchi
Phone: +(91)-9955952211
State Bank of India
Hatia,Ranchi - 834003
Phone: +(91)-(651)-2408316
State Bank of India
Main Road, Ranchi - 834001
Phone: +(91)-(651)-2208437
State Bank of India
Ashok Nagar,Ranchi - 834002
Phone: +(91)-(651)-2245691
Punjab National Bank
Raj Hospital Campus, Main Road,Ranchi - 834001
Phone: +(91)-(651)-2331943
Indian Bank
Sainik Bhavan, Main Road, Ranchi - 834001
Phone: +(91)-(651)-2300612
Bank of Baroda
750, Mahatma Gandhi Road, Ranchi - 834001
Phone: +(91)-(651)-2311021
Bank of India
Pradhan Tower, Main Road, Ranchi - 834001
Phone: +(91)-(651)-2331932
Bank of India
Pradhan Towers, Near over bridge, Main Road, Ranchi - 834001
Phone: +(91)-(651)-2330043
Union Bank of India
Main Road, Ranchi - 834001
Phone: +(91)-(651)-2209897
Bank of Maharashtra
Club Complex, Main Road, Ranchi - 834001
Phone: +(91)-(651)-2310152
Oriental Bank of Commerce
Kutchery Road,Ranchi - 834001
Phone: +(91)-(651)-2206524
Oriental Bank of Commerce
Ranchi Women's College, Lalpur, Ranchi - 834001
Phone: +(91)-(651)-2206014
Central Bank of India
Nagratoli, Lalpur, Ranchi - 834001
Phone: +(91)-(651)-2560332
Central Bank of India
Main Road, Ranchi - 834001
Phone: +(91)-(651)-2230752
Indian Overseas Bank
Atmaram Bhavan, Radheshyam Lane, Main Road, Ranchi - 834001