Today in history

By Shobhna Jain | Posted on 27th Jan 2023 | देश
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Founded

27 January 1921;

 

The Imperial Bank of India (IBI) was one of the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into the State Bank of India in 1955. Initially, as per its royal charter, it acted as the central bank for British India prior to the formation of the Reserve Bank of India (RBI) in 1935.

 


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