2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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225
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350
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480
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560
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Detailed explanation-1: -The UK subsidiary of the SBI has been launched with an initial capital commitment of 225 million pounds from its parent entity.
Detailed explanation-2: -In the UK, SBI has been active since 1921, and has grown to become the largest Indian bank in the UK.
Detailed explanation-3: -The Government of India took control of the Imperial Bank of India in 1955, with Reserve Bank of India (India’s central bank) taking a 60% stake, renaming it State Bank of India.
Detailed explanation-4: -State Bank of India UK Ltd is a wholly owned subsidiary of State Bank of India and the largest Indian bank in the UK. The bank has been operating in the UK since 1921. From wholesale banking to begin with, the bank’s retail-focused subsidiary ‘State Bank of India (UK) Ltd, was established in 2018.