in which year s.b.i. stable?
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Answer Posted / sachin
The origin of the State Bank of India goes back to the
first decade of the nineteenth century with the
establishment of the Bank of Calcutta in Calcutta on 2 June
1806. Three years later the bank received its charter and
was re-designed as the Bank of Bengal (2 January 1809). A
unique institution, it was the first joint-stock bank of
British India sponsored by the Government of Bengal. 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. This Imperial Bank of India become SBI. An act was
accordingly passed in Parliament in May 1955 and the State
Bank of India was constituted on 1 July 1955
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