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company profile
State Bank of India (SBI)
Gautam Kumar
September 16, 2020 09:09:28 PM
5 minutes
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State Bank of India (SBI)
The
bank
descends
from
the
Bank
of
Calcutta,
founded
in
1806
via
the
Imperial
Bank
of
India,
making
it
the
oldest
commercial
bank
in
the
Indian
subcontinent.
The
Bank
of
Madras
merged
into
the
other
two
presidency
banks
in
British
India,
the
Bank
of
Calcutta
and
the
Bank
of
Bombay,
to
form
the
Imperial
Bank
of
India,
which
in
turn
became
the
State
Bank
of
India
in
1955.[8]
The
Government
of
India
took
control
of
the
Imperial
Bank
of
India
in
1955,
with
Reserve
Bank
of
India
(India's
central
bank)
taking
a
60%
stake,
renaming
it
State
Bank
of
India.
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