When Imperial Bank Was Named As State Bank of India

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Imperial Bank Was Named As State Bank of India;

The Imperial Bank of India (IBI) was the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into State Bank of India in 1955.


The Bank of Bombay (15/April/1840) and the Bank of Madras (1/July/1843) followed the Bank of Bengal.

These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27/January/1921.

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