Question

    Prior to 1955, State bank of India was known as?

    A Imperial Bank of India Correct Answer Incorrect Answer
    B Bank of India Correct Answer Incorrect Answer
    C Central Bank of India Correct Answer Incorrect Answer
    D People’s Bank of India Correct Answer Incorrect Answer
    E Reserve Bank of India Correct Answer Incorrect Answer

    Solution

    Imperial Bank of India, became the State Bank of India in 1955. Government of India owned the Imperial Bank of India in 1955, with Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the RBI.

    Practice Next

    Relevant for Exams:

    ×
    ×