State Bank of India was established in the year? [#912] | SPPMMC

State Bank of India was established in the year? [#912]

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Q1. State Bank of India was established in the year?
Q1. State Bank of India was established in the year?

(A) 1935
(A) 1935
(B) 1955
(B) 1955
(C) 1940
(C) 1940
(D) 1930
(D) 1930
Answer: (B) 1955
Answer: (B) 1955
The State Bank of India (SBI) was established on July 1, 1955. In 1955, the Indian government nationalized the Imperial Bank of India, which was one of the oldest and largest commercial banks in India. The Reserve Bank of India (RBI) took a 60% stake in the Imperial Bank of India, and it became the State Bank of India on July 1, 1955. In 2008, the government took over the stake held by the RBI.
The State Bank of India (SBI) was established on July 1, 1955. In 1955, the Indian government nationalized the Imperial Bank of India, which was one of the oldest and largest commercial banks in India. The Reserve Bank of India (RBI) took a 60% stake in the Imperial Bank of India, and it became the State Bank of India on July 1, 1955. In 2008, the government took over the stake held by the RBI.

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@912

2024-03-03

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