Old name of State Bank of India is1. British Bank of India2. Imperial

1.	Old name of State Bank of India is1. British Bank of India2. Imperial Bank of India3. Federal Bank of India4. East India Bank
Answer» Correct Answer - Option 2 : Imperial Bank of India The correct answer is the Imperial Bank of India. The old name of the State Bank of India was Imperial Bank of India. Banking in India: The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 1881. Later, Punjab National Bank was established in 1884. The Banking Companies Act was passed in February 1949, which was subsequently amended to read as Banking Regulation Act, 1949. The Imperial Bank was established in the year 1921 by merging three main Presidency Banks. The Imperial Bank was nationalized in 1955 on the recommendation of the Gorewala Committee and renamed as State Bank of India. State Bank of India: Its headquarters is in Mumbai, Maharashtra. Chairperson is Dinesh Kumar Khara. Reserve Bank of India (RBI): RBI was set up on the basis of the Hilton Young Commission recommendation in April 1935, with the enactment of the RBI Act, 1934. The headquarters of RBI is in Mumbai. Current Governor is Shaktikanta Das.

Old name of State Bank of India is1. British Bank of India2. Imperial Bank of India3. Federal Bank of India4. East India Bank

Answer» Correct Answer - Option 2 : Imperial Bank of India

The correct answer is the Imperial Bank of India.

Banking in India:
- The first bank of limited liability managed by Indians was Oudh Commercial Bank founded in 1881.
- Later, Punjab National Bank was established in 1884.
- The Banking Companies Act was passed in February 1949, which was subsequently amended to read as Banking Regulation Act, 1949.
- The Imperial Bank was established in the year 1921 by merging three main Presidency Banks.
- The Imperial Bank was nationalized in 1955 on the recommendation of the Gorewala Committee and renamed as State Bank of India.
- State Bank of India:
  - Its headquarters is in Mumbai, Maharashtra.
  - Chairperson is Dinesh Kumar Khara.

Reserve Bank of India (RBI):
- RBI was set up on the basis of the Hilton Young Commission recommendation in April 1935, with the enactment of the RBI Act, 1934.
- The headquarters of RBI is in Mumbai.
- Current Governor is Shaktikanta Das.