Q. State Bank of India started merchant banking in which of the following years?
Answer: 1973
Notes: State Bank of India started merchant banking in 1973. SBI, the largest Bank of the country, provides Merchant Acquiring Services through its large branch network of more than 15000 branches. Its Merchant Acquiring Services enable merchant to accept all Visa/ MasterCard/RuPay cards for payment.
Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.
📌 Question Number: 4 in 69-Merchant Banking in the above course in App.