Question:
Reason for conversion of Imperial Bank into State Bank was
Reason for conversion of Imperial Bank into State Bank was
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Nationalization often addresses systemic inefficiencies in banking.
Updated On: Nov 7, 2025
- Negligence of agriculture business
- Misuse of power
- Faults in branch opening policy
- All of these
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The Correct Option is D
Solution and Explanation
Step 1: The Imperial Bank of India was converted into the State Bank of India (SBI) in 1955 to address multiple issues, including neglect of agricultural financing, misuse of power, and ineffective branch policies.
Step 2: The nationalization aimed to improve banking services and extend reach to rural areas.
Step 3: Therefore, the correct option is (D) All of these.
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