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History of Sbi

The State Bank of India was formed in 1955 through the merger of the Bank of Bengal, Bank of Bombay, and Bank of Madras, which were established in the early 19th century. Over time, SBI merged with other state bank subsidiaries and took on its current form, becoming the largest commercial bank in India. Key events included the formation of subsidiary banks in 1959, mergers in 1963 and 2008-2010, and the appointment of the first female chairperson in 2013. In 2017, remaining subsidiary banks merged with SBI.

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SNEHA MARIYAM VARGHESE SIM 16-18
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654 views1 page

History of Sbi

The State Bank of India was formed in 1955 through the merger of the Bank of Bengal, Bank of Bombay, and Bank of Madras, which were established in the early 19th century. Over time, SBI merged with other state bank subsidiaries and took on its current form, becoming the largest commercial bank in India. Key events included the formation of subsidiary banks in 1959, mergers in 1963 and 2008-2010, and the appointment of the first female chairperson in 2013. In 2017, remaining subsidiary banks merged with SBI.

Uploaded by

SNEHA MARIYAM VARGHESE SIM 16-18
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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HISTORY OF SBI

 The origin of State Bank of India goes back to the first decade of 18th century with the
establishment of the Bank of Calcutta in Calcutta on 2nd June 1806.
 Three years later the bank received its charter and was re-designed as the Bank 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 merged in 1921 to form the Imperial Bank of India.
 Imperial Bank of India was turn on State Bank of India in 1955.
 In 1959, the government passed the State Bank of India Act. This made the formation of
eight subsidiaries of SBI (State Bank of Bikaner (SBB) State Bank of Jaipur (SBJ), State
Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP),
State Bank of Travancore (SBT), State Bank of Saurashtra (SBS), and State Bank of
Indore (SBI-Indore).
 In 1963 SBI merged with State Bank of Jaipur and State Bank of Bikaner.
 In 2008 State Bank of Saurashtra merged with SBI.
 In 2010 State Bank of Indore merged with SBI.
 On 7 October 2013 Arundhati Bhattacharya became the first woman to be appointed
chairperson of the bank.
 On 1 April 2017 State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad
(SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of
Travancore (SBT) merged with SBI. (Bharatiya Mahila Bank also)

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