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.
The purchasing power of a currency relative to another at current exchange rates and prices is ________.
'Indradhanush 2.0' is associated with:
Dr. Urjit Patel, who has been appointed recently as Governor of Reserve Bank of India, was holding which position immediately prior to this appointment?
As per the RBI guidelines, which one of the following is the minimum tenure of Masala Bonds that an Indian company can issue offshore?
______ is a tax system that collects a greater share of income from those with high incomes than from those with lower incomes.
In which year had India's ratio of public debt to GDP gone up to a record 84.2%?
______ is an economic scenario where a peculiar combination of low growth and rising inflation leads to high unemployment.