Question

    SBI was established on:

    A 1 April 1948 Correct Answer Incorrect Answer
    B 1 April 1955 Correct Answer Incorrect Answer
    C 1 July 1955 Correct Answer Incorrect Answer
    D 1 July 1921 Correct Answer Incorrect Answer
    E 1 April 1921 Correct Answer Incorrect Answer

    Solution

    On 1 July 1955, the Imperial Bank of India became the State Bank of India. Three Presidency Banks- Bank of Bengal, Bank of Bombay and Bank of Madras were amalgamated on 27 January 1921 to form Imperial Bank of India.

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