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In which year was the State Bank of India (SBI) officially founded?

  • 1806

  • 1955

  • 1960

  • 1972

Answer

The State Bank of India was officially founded in 1955 when the Government of India took control of the Imperial Bank of India and renamed it. However, its origins can be traced back to the Bank of Calcutta, which was founded in 1806.
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