BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
SBI Day is observed on
A
April 1
B
May 1
C
June 5
D
July 1
Explanation: 

Detailed explanation-1: -SBI Foundation Day is celebrated on 1st July to commemorate the day of the establishment of India’s oldest commercial bank. After the State Bank of India Act of 1955, the Imperial Bank of India was officially made the State Bank of India on 1st July 1955.

Detailed explanation-2: -Hali Sicca Rupees which had a circulation of about OS 48 crores ceased to be legal tender in the erstwhile Hyderabad State. These were replaced by Indian Rupees. Imperial Bank of India converted to a state owned institution, State Bank of India on July 1, 1955.

Detailed explanation-3: -On 1 July 1955, the imperial Bank of India became the State Bank of India.

Detailed explanation-4: -SBI Holidays The banks in our country would usually be closed on any public or national holidays, along with several other festivals. They will also be closed on the second and the fourth Saturdays of every month of the year. We have compiled a list of all SBI holidays through 2023.

There is 1 question to complete.