Question

• The imperial Bank was nationalized in ________.

• The imperial Bank was renamed as the ________.​

Answer 1

Answer:

1. 1955

2. State Bank of India

Answer 2

State Bank of India

Imperial Bank of India

Type Private (80%)

Predecessor Bank of Calcutta (1806 – 1921) Bank of Bombay (1840 – 1921) Bank of Madras (1843 – 1921)

Founded 27 January 1921

Founder John Maynard Keynes

Fate Nationalization into State Bank of India in 1955

The Imperial Bank of India, which became the State Bank of India after independence, came into existence on January 27, 1921. The history of modern banking in India can be traced back to 1806 when the Bank of Calcutta was established.

1 July 1955

On 1 July 1955, the Imperial Bank of India became the State Bank of India.

1955

Imperial Bank of India

Type Private (80%)

Founded 27 January 1921

Founder John Maynard Keynes

Fate Nationalization into State Bank of India in 1955

Successor State Bank of India