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The first chairman of SBI was

ADr. John Mathai

BSir P. C. Malhotra

CM. Narasimham

DH. V. R. Iyengar

Answer:

A. Dr. John Mathai

Read Explanation:

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


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