BANKING GENERAL KNOWLEDGE
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Question
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State Bank of Hyderabad
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State Bank of Indore
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State Bank of Mysore
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State Bank of Patna
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Detailed explanation-1: -These subsidiary banks-State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Patiala, and State Bank of Travancore-were constituted under the SBI (Subsidiary Banks) Act of 1959.
Detailed explanation-2: -These associate banks included State Bank of Jaipur, Bikaner, Mysore, Travancore, Hyderabad, and Patiala. The sixth bank was the Bharatiya Mahila Bank. Although the banks were merged, the shares of this associate were termed as individual entities. There are many reasons that were cited for the merger.
Detailed explanation-3: -[10th September, 1959.] An Act to provide for the formation of certain Government or Government associated banks as subsidiaries of the State Bank of India and for the constitution, management and control of the subsidiary banks so formed, and for matters connected therewith, or incidental thereto.