The question asks to identify the bank that became the State Bank of India (SBI) after nationalisation in 1955 and possesses the world's largest branch network.
The Imperial Bank of India was established in 1921. Following the nationalisation process initiated by the Government of India, it was transformed into the State Bank of India on July 1, 1955. The State Bank of India subsequently grew to become the bank with the largest number of branches not only in India but also globally.
Therefore, the correct option is the Imperial Bank of India.
'Indradhanush 2.0' is associated with:
The purchasing power of a currency relative to another at current exchange rates and prices is ________.
Which one of the following is likely to be the most inflationary in its effects?
Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?
Consider the following statements :
The effect of devaluation of a currency is that it necessarily
1. improves the competitiveness of the domestic exports in the foreign markets
2. increase the foreign value of domestic currency
3. improves the trade balance
Which of the above statements is/are correct?
Indian Government Bond Yields are influenced by which of the following?
1. Actions of the United States Federal Reserve
2. Actions of the Reserve Bank of India
3. Inflation and short-term interest rates
Select the correct answer using the code given below.
With reference to “Urban Cooperative Banks" in India, consider the following statements :
1. They are supervised and regulated by local boards set up by the State Governments.
2. They can issue equity shares and preference shares.
3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966
Which of the statements given above is/are correct?