State Bank of India (SBI) celebrates 67th Foundation Day on July 1st

State Bank of India (SBI) celebrates 67th Foundation Day on July 1st

Daily Current Affairs   /   State Bank of India (SBI) celebrates 67th Foundation Day on July 1st

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Category : Business and economics Published on: July 04 2022

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  • The oldest commercial bank in the country, State Bank of India, is celebrating its 67th year on 1st July. 
  • SBI descends from the Bank of Calcutta founded in 1806 through the Imperial Bank of India.
  • The Bank of Madras merged into the other two presidency banks, the bank of Calcutta and the bank of Bombay to form the Imperial Bank of India which in turn became the SBI in 1955.
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