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Question

In which year the Presidency Banks merged into Imperial Bank

A 1935 Correct Answer Incorrect Answer
B 1955 Correct Answer Incorrect Answer
C 1921 Correct Answer Incorrect Answer
D 1885 Correct Answer Incorrect Answer
E 1906 Correct Answer Incorrect Answer

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.

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