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State Bank of India


  • The history started, when the Bank of Calcutta was established on 2nd june, 1806; which later renamed as Bank of Bengal on 2nd january,1909.
  • The Bank of Bengal was one among three Presidency Banks and the other two being the Bank of Bombay, incorporated on 15th April,1840 and The Bank of Madras, incorporated on 1st july 1843.
  • These three banks were having the exclusive right to issue paper currency till 1861.
  • All the Presidency Banks were amalgamated on 27th january,1921, and formed a new bank namely Imperial Bank of India.
  • The Imperial Bank of India remained a joint stock copany.
  • On 1st july,1955, The Imperial Bank of India become the State Bank of India with new logo (Blue Circle).
  • Mr. John Mathai was appointed as its first chairman.
  • SBI has acquired following state owned and private banks during October 1959 to May 1960
  1. The Bank of Bikaner Ltd.
  2. The Bank of Indore Ltd.
  3. The Bank of Mysore Ltd.
  4. The Bank of Patiala Ltd.
  5. The Travancore Bank Ltd.
  6. The Hyderabad State Bank 
  7. The State Bank of Saurashtra
  8. The State Bank of Jaipur
  • After acquisition of associate banks, in the year1963,The State Bank of Bikaner and The State Bank of Jaipur were merged to form a new bank as State Bank of Bikaner and Jaipur (SBBJ).
  • On october 7,2013, Smt. Arundhati bhattacharya became the first women to be appointed as chairperson of the India's leading Bank.
  • Joint Ventures
  1. SBI Global Factors Ltd.
  2. SBI Life Insurance Company Ltd.
  3. SBI General Insurance Company Ltd.

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