Answer Posted / karthika ayyappan
The origin of the State Bank of India goes back to the first
decade of the nineteenth century with the establishment of
the Bank of Calcutta in Calcutta on 2 June 1806. Three years
later the bank received its charter and was re-designed as
the Bank of Bengal (2 January 1809). A unique institution,
it was the first joint-stock bank of British India sponsored
by the Government of Bengal. The Bank of Bombay (15 April
1840) and the Bank of Madras (1 July 1843) followed the Bank
of Bengal. These three banks remained at the apex of modern
banking in India till their amalgamation as the Imperial
Bank of India on 27 January 1921.
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