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1995: SBI Commercial and International Bank Ltd. are launched as part of SBI's stepped-up international banking operations. 1998: SBI launches credit cards in partnership with GE Capital. 2002: SBI networks 3,000 branches in a massive technology implementation. 2004: A networking effort reaches 4,000 branches. Company History:
The Bank of Madras was one of the three Presidency Banks of British India, along with the Bank of Bengal and the Bank of Bombay. It was established on 1 July 1843 through the amalgamation of a number of existing regional banks and headquartered in Madras (now Chennai ). It was merged with the other Presidency banks in 1921 to form the Imperial ...
- 27 January 1921
- 1 July 1843
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Jul 17, 2023 · About Us. State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank by Indians through generations. SBI, the largest Indian Bank with 1/4th market share ...
EVOLUTION OF SBI. [Print Page] 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 ...
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Dec 18, 2023 · Founding of the Reserve Bank of India (1935): On April 1, 1935, the Reserve Bank of India (RBI) was established as the central banking institution of India. The RBI took over the functions and ...
The Bank of Madras merged into the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. Overall the bank has been formed from the merger and acquisition of more than twenty banks over the course of its 200-year history.
About the Bank: On 2 June 1806, the earliest progenitor of the State Bank of India, the Bank of Calcutta, set up by the English East India Company opened for business. After a brief period of infancy, the Bank was given a charter and renamed as the Bank of Bengal. The Bank of Bombay on 15 April 1840 and the Bank of Madras on 1 July 1843 ...
