Scribd Logo
Upload

Welcome to Scribd!

  • State Bank of India

    Uploaded by

    Arushi Dhawan
    13 views1 page
    The State Bank of India traces its origins back to the early 19th century with the establishment of the Bank of Calcutta in 1806. Over the next few decades, two other presidency banks were established - the Bank of Bombay in 1840 and the Bank of Madras in 1843. These three banks amalgamated in 1921 to form the Imperial Bank of India, which served as the central bank of India until its subsequent transformation into the State Bank of India.

    Original Description:

    notes on sbi

    Original Title

    Sbi

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The State Bank of India traces its origins back to the early 19th century with the establishment of the Bank of Calcutta in 1806. Over the next few decades, two other presidency banks were established - the Bank of Bombay in 1840 and the Bank of Madras in 1843. These three banks amalgamated in 1921 to form the Imperial Bank of India, which served as the central bank of India until its subsequent transformation into the State Bank of India.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    13 views1 page

    State Bank of India

    Uploaded by

    Arushi Dhawan
    The State Bank of India traces its origins back to the early 19th century with the establishment of the Bank of Calcutta in 1806. Over the next few decades, two other presidency banks were established - the Bank of Bombay in 1840 and the Bank of Madras in 1843. These three banks amalgamated in 1921 to form the Imperial Bank of India, which served as the central bank of India until its subsequent transformation into the State Bank of India.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    The origin of the State Bank of India goes back to the first decade of the nineteenth century with

    the establishment of the Bank


    of Calcutta in Calcutta on 2 June 1806. Three years later the bank received its charter and was re-designed as the Bank of
    Bengal (2 January 1809). A unique institution, it was the first joint-stock bank of British India sponsored by the Government of
    Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) followed the Bank of Bengal. These three
    banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on 27 January
    1921.

    You might also like