2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Karnataka Bank
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Dena Bank
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Canara Bank
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State Bank of India
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Detailed explanation-1: -Five of SBI associate banks along with Bhartiya Mahila Bank merged with SBI on April 2017. 3 Presidency banks, Bank of Bombay, Bank of Madras, and Bank of Bengal were merged to form Imperial banks in 1921. The imperial bank was later transformed into the State Bank of India in 1955.
Detailed explanation-2: -[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.
Detailed explanation-3: -The creation of the State Bank of India in July 1955 followed the passage of the Imperial Bank of India into state ownership.
Detailed explanation-4: -The State Bank of Saurashtra was a government-owned bank in India, with its headquarters at Bhavnagar. It was one of the seven Associate Banks of the State Bank of India, with which it merged on 13 August 2008.