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State Bank of India. State Bank of India ( SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 45th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian ...
Merged with the State Bank of India on 1 April 2017: Bangalore: 14: State Bank of Patiala: 1917: 2017: Merged with the State Bank of India on 1 April 2017: Patiala: 15: State Bank of Indore: 1920: 2017: Merged with the State Bank of India on 1 April 2017: Indore: 16: Imperial Bank of India: 1921: 1955: Renamed as the State Bank of India in 1955 ...
SBI Holdings, sometimes referred to as Strategic Business Innovator Group, ( TYO: 8473) is a financial services company group based in Tokyo, Japan. [2] The group's businesses and companies are held primarily at SBI Holdings. The company provides financial services in a wide range of categories, including securities, asset management, banking ...
The Reserve Bank of India, India's central banking authority, was established in April 1935, but was nationalized on 1 January 1949 under the terms of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948 (RBI, 2005b). [31] In 1949, the Banking Regulation Act was enacted, which empowered the Reserve Bank of India (RBI) to regulate ...
The chairman of the State Bank of India is the chief executive officer of India's largest scheduled commercial bank and the ex-officio chair of its Central Board of Directors. Since its establishment in 1955 by the government of India , the State Bank of India has been headed by twenty-six chairpersons.
The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [1] The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks.
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded. [1]
State Bank of Hyderabad. Pan-India. State Bank of Hyderabad ( SBH) was a regional bank in Hyderabad, with headquarters at Gunfoundry, Abids, Hyderabad, Telangana. Founded by the 7th Nizam of Hyderabad State, Mir Osman Ali Khan, it is now one of the five associate banks of State Bank of India (SBI) and was one of the nationalised banks in India.