GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rekhi Committee
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Chelliah Committee
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Gorewala Committee
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Rangarajan Committee
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Detailed explanation-1: -The Imperial Bank was nationalized in 1955 on the recommendation of the Gorewala Committee and renamed as State Bank of India.
Detailed explanation-2: -The Imperial Bank of India (IBI) was one of the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into the State Bank of India in 1955.
Detailed explanation-3: -SBI (State Bank of India) was established on the advice of the Gorwala committee. In 1952, A committee lead by A. D. GORWALA recommended the nationalization of banks and renaming the Imperial Bank of India like State Bank of India.
Detailed explanation-4: -In 1955 the government of India and the country’s central bank, the Reserve Bank of India (founded 1935), assumed joint ownership of IBI, which was renamed the State Bank of India.