Question

State Bank of India was formerly known as:
(a) Bank of Madras
(b) Bank of Calcutta
(c) Imperial Bank
(d) Indian Bank

Answer 1

Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve Bank of India, which is India's central bank, acquired a controlling interest in the Imperial Bank of India. On 1 July 1955, the Imperial Bank of India became the State Bank of India.

Answer 2

state bank of india is formerly known as indian bank