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imperial bank of India was established on 27 january 1921

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Which bank came into existence in 1921 when 3 banks namely bank of Bengal 1806 bank of Bombay 1840 bank of madras 1843 were reorganized and amalgamated to form a simple bank entity?

The State Bank of India (SBI) was established in 1955, but it traces its origins back to 1921 when the Imperial Bank of India was formed through the amalgamation of the Bank of Bengal, Bank of Bombay, and Bank of Madras. This reorganization aimed to streamline banking operations in India during the British Raj. The Imperial Bank later became the State Bank of India after nationalization in 1955.


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