Question
The State Bank of India was founded in __________.
Solution
This was one of the three banks funded by aĀ presidency government, the other two were theĀ Bank of BombayĀ in 1840 and theĀ Bank of MadrasĀ in 1843. The three banks were merged in 1921 to form the ImperialĀ Bank of India, which upon India's independence, becameĀ the State Bank of IndiaĀ in 1955.
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