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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. 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)
  3. 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.

  4. 27. Jan. 2018 · The Imperial Bank of India came into existence on 27 January 1921 by J.M. Keynes. The major banking control was with the three presidency banks; the Bank of Bengal, the Bank of Bombay and the Bank of Madras until they were amalgamated into one by forming the Imperial bank.

  5. 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 ...

  6. 17. Sept. 2022 · The origin of India’s largest bank, the State Bank of India, can be traced back to the 27th of January, 1921. Formerly known as the Imperial Bank of India, it was created because of a merger between the three presidency banks, Bank of Bengal, Bank of Bombay and Bank of Madras. It was the last…

  7. 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 ...