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    Question

    What was the old name of State Bank of India which got

    nationalized in the year 1955?
    A Union Trust of India Bank(UTI) Correct Answer Incorrect Answer
    B Imperial Bank of India Correct Answer Incorrect Answer
    C Marathwada Grameen Bank Correct Answer Incorrect Answer
    D Parur Central Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    01 July 1955, The largest state-owned banking and financial services company in India, Imperial Bank of India nationalized and renamed into State Bank of India by the Government of India with the Reserve Bank of India taking a 60% stake.

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