App Logo

No.1 PSC Learning App

1M+ Downloads
Banking Regulation Act was passed in the year ?

A1955

B1935

C1969

D1949

Answer:

D. 1949

Read Explanation:

  • RBI was nationalized on 1949, January 1
  • RBI was appointed as the central bank of India in 1949.
  • Banking Regulation Act was passed in 1949.
  • On 1st July, 1955 SBI was nationalized and Imperial Bank takes the name as SBI
  • Founder chairman of SBI - John Matthai

Related Questions:

Syndicate Bank merged with ---.
The first chairman of SBI was
SBI introduced Village Adoption scheme in ---.
SBI Act was passed on
Imperial bank was nationalized to create the State Bank of India on