State Bank of India celebrates 68th Bank Day

State Bank of India celebrates 68th Bank Day

Daily Current Affairs   /   State Bank of India celebrates 68th Bank Day

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Category : Important Days Published on: July 08 2023

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  • On July 1st, 2023, the State Bank of India (SBI) celebrated its 68th Bank Day. 
  • The bank, which was established by an Act of Parliament on July 1st, 1955, marked the occasion by organizing various programs across different centers throughout the country.
  • State Bank of India (SBI) is the largest commercial bank in India and one of the largest banks in the World.
  • It was founded on 1st July 1806 as the Bank of Calcutta, and it was renamed the Imperial Bank of India in 1921.
  • In 1955, the Imperial Bank of India was nationalized, and it was renamed the State Bank of India.
  • SBI has a network of over 24,000 branches and 63,000 ATMs across India.
  • In 1994 the State Bank of India becomes a public limited company.
  • SBI launches its first Internet banking service in 2000.
  • SBI launches its first mobile banking service in 2010.
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