State Bank of India celebrates 68th Bank Day

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.