Imperial Bank of India was renamed as:
ARBI
BPunjab National Bank
CCentral Bank
DState Bank of India (1955, under SBI Act)
Answer & Solution
Correct answer: D. State Bank of India (1955, under SBI Act)
State Bank of India: India's largest bank. Imperial Bank of India nationalized and renamed SBI on 1 July 1955 under SBI Act. Imperial Bank itself was formed in 1921 by merging 3 presidency banks (Bengal, Bombay, Madras).
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