Is SBI a nationalized bank?

SBI got birth in the British Era. Its first parents were three presidency banks viz. Bank of Calcutta (later Bank of Bengal), Bank of Bombay and the Bank of Madras. In 1921, these three presidency banks were merged in one entity called “Imperial Bank of India”. The Imperial Bank of India was nationalized in 1955 and was renamed a State Bank of India. Thus, although  SBI comes under the definition of nationalized banks; yet while classifying the commercial banks in India, RBI puts State Bank of India and its five associates under a separate category (SBI & Associates). Thus, Public Sector Scheduled Commercial Banks are of three categories in India viz. SBI & its five associates; 19 Nationalized Banks and two other Public Sector Banks viz. Bhartiya Mahila Bank and IDBI Bank.

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  • Ruchi Rakesh
    Reply

    i just wanted to ask if the question comes whether SBi is a nationalized bank or not may in tru false what shall the answer be ?

    Thanks
    Ruchi

    • Nireesh Kumar Nireesh

      No

  • Shubham Nage
    Reply

    I want to know data analysis of year 2006 to 2014….and artical on Role of commercial bank