What was SBI originally called?

Q.  What was the State Bank of India called before it was created through SBI Act?
- Published on 16 Feb 17

a. Bank of Hindustan
b. Bank of Madras
c. Imperial Bank of India
d. Imperial Bank of Calcutta

ANSWER: Imperial Bank of India
The Imperial Bank of India was baptized as State Bank of India followed by the formation of 7 associate banks in 1959.

Recognizing the fact that banking plays a crucial role in the economic development of a country, the Government of India nationalized 14 major commercial banks in July 1969.

Another six commercial banks were nationalized in April 1980.

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