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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