Challenger Logo

Challenger App

Get it on Google PlayGet it on App Store
Challenger App

No.1 PSC Learning App

★
★
★
★
★
1M+ Downloads
Get App
The Founder chairman of SBI

AP. C. Bhattacharya

BJohn Matthai

CH. V. R. Iengar

DC. D. Deshmukh

Answer:

B. John Matthai

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:

The Bank of Calcutta was re-designed as the --- in 1809.
The Imperial Bank of India also functioned as --- prior to the establishment of the Reserve Bank in 1935.
Andra Bank and Corporation Bank merged with ---.
Syndicate Bank merged with ---.
Prime Minister during the second phase of bank nationalization