alleryStart learning →The Imperial Bank of India became which bank in 1955?
AState Bank of India
BPunjab National Bank
CBank of Baroda
DCentral Bank of India
Answer & Solution
Correct answer: A. State Bank of India
The Imperial Bank, formed in 1921 by merging the three presidency banks, was renamed State Bank of India in 1955.
Keep practising Special Features of Audit of Banks and Non-Banking Financial Companies
Browse all Special Features of Audit of Banks and Non-Banking Financial Companies questions for CA Final, or explore more Auditing topics.
Related questions
Under s.17, what must a profitable bank do before declaring dividend?A bank trades in groceries for profit. Which section does this breach?Which of these is an example of a non-banking financial institution?An NBFC differs from a bank in that it is what?A loan is generally non-performing when payments of interest and principal are past due byWhich formula gives SLR? (DTL = demand plus time liabilities)Raising SLR is generally used by RBI for what purpose?The statutory liquidity ratio is expressed as a percentage of which bank amount?