What was SBI originally called?

Q.  What was the State Bank of India called before it was created through SBI Act?
- Published on 16 Feb 17

a. Bank of Hindustan
b. Bank of Madras
c. Imperial Bank of India
d. Imperial Bank of Calcutta

ANSWER: Imperial Bank of India
 
The Imperial Bank of India was baptized as State Bank of India followed by the formation of 7 associate banks in 1959.

Recognizing the fact that banking plays a crucial role in the economic development of a country, the Government of India nationalized 14 major commercial banks in July 1969.

Another six commercial banks were nationalized in April 1980.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲