KBC 13 Offline Quiz (September 13, 2021): In which year SBI was founded?

A. 1955

B. 1958

C. 1962

D. 1965

Answer: 1955

The State Bank of India in an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai. It is the 43rd largest bank in the world and was ranked 22st in the Fortune Global 500 list of the world's biggest corporations in 2020. It is India's largest bank with a market share of 23% by assets and 25% share of the total loan and deposits market. It is the fifth largest employer in India, with 2,50,000 employees. 

Its origins can be traced back to the Bank of Calcutta, which was founded in the year 1806 and the oldest bank in the Indian subcontinent. The Bank of Madras merged into two other 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. 

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