New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The State Bank of India was founded in __________.

    A 1960 Correct Answer Incorrect Answer
    B 1955 Correct Answer Incorrect Answer
    C 1951 Correct Answer Incorrect Answer
    D 1949 Correct Answer Incorrect Answer
    E 1957 Correct Answer Incorrect Answer

    Solution

    This was one of the three banks funded by a presidency government, the other two were the Bank of Bombay in 1840 and the Bank of Madras in 1843. The three banks were merged in 1921 to form the Imperial Bank of India, which upon India's independence, became the State Bank of India in 1955.

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