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Largest Government Sector Bank in India-State Bank of India

Largest Government Sector Bank in India-State Bank of India

Largest Government Sector Bank in India-State Bank of India Largest Government Sector Bank in India-State Bank of India was formed on 1 July 1955 by nationalizing the Imperial Bank of India. It’s a government-owned and India’s largest bank. Its headquarters is in Mumbai. Five associate banks of SBI and Bhartiya Mahila Bank merged into State Bank of India on 1st April 2017. After this consolidation, State Bank of India emerged in the top 50 global banks.

  • Five Associate Banks are State Bank of Mysore, State Bank of Hyderabad, State Bank of Patiala, State Bank of Travancore and State Bank of Bikaner &Jaypur.
  • These banks have been merged now in State Bank of India.
Click here to know about SBI approves the merger of allied banks  ]]>

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