In which year was Imperial Bank renamed to State Bank of India?

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Multiple Choice

In which year was Imperial Bank renamed to State Bank of India?

Explanation:
Renaming happened in 1955. When the Reserve Bank of India took over management and the government increased its stake, the Imperial Bank of India was renamed State Bank of India, a change formalized under the State Bank of India Act in 1955. This marks SBI’s origin.

Renaming happened in 1955. When the Reserve Bank of India took over management and the government increased its stake, the Imperial Bank of India was renamed State Bank of India, a change formalized under the State Bank of India Act in 1955. This marks SBI’s origin.

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