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  1. The Imperial Bank of India (IBI) was one of the oldest and the largest commercial bank in India, and was subsequently renamed and nationalised as the State Bank of India in 1955. Initially, as per its royal charter, it acted as the central bank for India prior to the formation of the Reserve Bank of India (RBI) in 1935.

    • 27 January 1921; 102 years ago
  2. 27. Jan. 2014 · The Imperial Bank of India was a commercial bank and a central bank that merged with the State Bank of India in 1955. It was founded in 1921 and had 14 Presidency Banks as its subsidiaries. It played a key role in the economic development of India till independence and beyond. Learn more about its history, functions, and achievements.

  3. 27. Jan. 2021 · Die Imperial Bank of India (IBI) öffnete ihre Türen am 27. Januar 1921. Entstanden ist sie durch die Reorganisation der drei Präsidialbanken des kolonialen Indiens. Denn damals verschmolzen gemäß der vom indischen Legislativrat verabschiedeten Gesetzgebung die Bank of Bengal, die Bank of Bombay und die Bank of Madras zu einer ...

  4. 27. Jan. 2018 · Learn how the Imperial Bank of India, now State Bank of India, was formed in 1921 by merging three presidency banks. Read about its role as a fiscal agent, a commercial bank and a subsidiary of SBI.

    • Riddhi Tyagi
  5. 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. On 16 August 2022, in an attempt to facilitate and support India's start-ups , SBI announced the launch of its first "state-of-the-art" dedicated branch for ...

    • 2,36,116 (SEPT 2023)
    • ₹473,378.14 crore (US$59 billion) (2023)
  6. to examine the provisions of the Imperial Bank of India Act in order to remove some 'unsatisfactory' features of the bank's working. The Imperial Bank's future was debated once again in Parliament in November 1950, when some members argued that nationalization would enable credit to be channelled into agriculture and cottage industry. However ...

  7. 17. Feb. 2024 · The Imperial Bank of India ( IBI) was one of the oldest and the largest commercial bank in India, and was subsequently renamed and nationalised as the State Bank of India in 1955. Initially, as per its royal charter, it acted as the central bank for India prior to the formation of the Reserve Bank of India (RBI) in 1935. Contents. Origin.