Question

    Subsidiary banks of the State Bank of India (SBI) was

    nationalised in ______
    A 1958 Correct Answer Incorrect Answer
    B 1959 Correct Answer Incorrect Answer
    C 1961 Correct Answer Incorrect Answer
    D 1963 Correct Answer Incorrect Answer
    E 1971 Correct Answer Incorrect Answer

    Solution

    In 1959, State Bank of India (subsidiary) act was passed. As per the act, seven subsidiary banks of the State Bank of India (SBI) were nationalized as a major process of nationalization

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