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Answer to: what is the old name of state bank of india
Imperial Bank of India
The bank descends from the Bank of Calcutta , founded in 1806 , via the Imperial Bank of India , making it the oldest commercial bank in the Indian subcontinent . The Bank of Madras merged into the other two “ presidency banks ” in British India , the Bank of Calcutta and the Bank of Bombay , to form the Imperial Bank of India , which in turn became the State Bank of India in 1955 . The Government of India took control of the Imperial Bank of India in 1955 , with Reserve Bank of India ( India ‘s central bank ) taking a 60 % stake , renaming it the State Bank of India . In 2008 , the government took over the stake held by the Reserve Bank of India .
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what is the old name of state bank of india
Imperial Bank of India