Question:
In 1955, the Imperial Bank of India, a leading commercial bank of India of that time, was nationalised and renamed as
In 1955, the Imperial Bank of India, a leading commercial bank of India of that time, was nationalised and renamed as
Updated On: Oct 4, 2024
- Central Bank of India
- Bank of India
- Indian Bank
- State Bank of India
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Verified By Collegedunia
The Correct Option is D
Solution and Explanation
In 1955, the Imperial Bank of India was nationalized and renamed as the State Bank of India (SBI). This change was part of a broader effort to strengthen and modernize the banking sector in India, making SBI the largest bank in the country and a key player in the financial system.
The correct answer is (D) : State Bank of India
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