Question
In which year the Presidency Banks merged into Imperial Bank
Solution
The three presidency Banks viz Bank of Calcutta, Bank of Bombay and Bank of Madras were merged into one Bank i.e., Imperial Bank in 1921. Further in 1955, Imperial Bank is renamed as State Bank of India.
More Economy and Banking and Finance Static Concepts Questions
- Arrange the Following banks in ascending order in their respective establishment years. (A) Corporation Bank    (B) Punjab National Bank              (C...
- Which is not correct about (National Automated Clearing House (NACH)?Â
- A Scheduled Bank is included in the
- Match the following Specialised Financial Institution                                SIDC Investment Institution                                          ...
- RBI was initially constituted to ___________.
- What is the maximum amount in Senior Citizen Savings Scheme Account?
- What was the total area of Sundarbans Tiger Reserve (STR) after its August 2025 expansion?Â
- What is Securitization?
- India Post Payment Bank became the __________ payment bank of India.
- The rate of interest which the RBI charges on the loans and advances to a commercial bank borrowed for a long term is known as ________.
Relevant for Exams:
