Question

Headquarters of SBI is at

• A. New Delhi
• B. Kolkata
• C. Mumbai
• D. Chennai

Answer 1

Answer:

C. Mumbai

Commercial Banking And Central Banking

• After the formation of RBI in 1935, the central banking function of Imperial Bank of India where handed over to RBI and Imperial Bank of India function as commercial bank.

• 1955 SBI Act (Nationalisation by forming Imperial Bank) 

• SBI formed during 1st five year plan. 

• AIRCSC recommended formation of SBI 

• State Bank Day - 1st July

• Present Chairman: Dinesh Kumar Khara 

• In 1959, the Govt passed the SBI (subsidiary Banks) Act, which made & Subsidiary Banks for SBI 

• SBI is the largest public sector bank in India.

• The bank in India having largest number of Branches is SBI, 

• The first chairman of SBI was Dr John Mathai 

• SBI acts as clearing house in areas where RBI has no branch 

• It is a Govt- owned Corporation with it HQ's in Mumbai