In which year SBI was Nationalised ?
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Before the steps of nationalisation of Indian banks, only State Bank of India (SBI) was nationalised. It took place in July 1955 under the SBI Act of 1955. Nationalisation of Seven State Banks of India (formed subsidiary) took place on 19th July, 1960.
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Step-by-step explanation:
Sbi was nationalized in 1955
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