App Logo

No.1 PSC Learning App

1M+ Downloads
The first Indian Bank to open branches in China.

ASBI

BBank of Baroda

CPunjab National Bank

DICICI Bank

Answer:

A. SBI

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 


Related Questions:

The Bank of Calcutta was re-designed as the --- in 1809.
SBI renamed 'village adoption scheme' as
RBI Governor during the second phase of bank nationalisation
Allahabad Bank merged with ---.
President during the second phase of bank nationalisation