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SBI Introduced Equity fund Scheme in ---.

A1982

B1975

C1978

D1980

Answer:

C. 1978

Read Explanation:

SBI:

  • 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

  • SBI is the first Indian Bank to open branches in China.

  • SBI is the first Bank to start branch in Israel 

  • Resurgent India bond launched by SBI - 1998 - 5years (Foreign money) 

  • SBI introduced Village Adoption scheme in 1972 

  • SBI Green Card is - Agriculture Credit Card 


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