BANKING GENERAL KNOWLEDGE
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Question
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The Imperial Bank of India was renamed as?
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Reserve Bank of India
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IDBI
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Union Bank of India
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State Bank of India
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Explanation:
Detailed explanation-1: -The creation of the State Bank of India in July 1955 followed the passage of the Imperial Bank of India into state ownership. The nationalization of the Imperial Bank represented the culmination of a protracted debate on its role in independent India.
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