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SBI Foundation Day
July 8 , 2022
774 days
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- The oldest commercial bank in the country, State Bank of India, is celebrating its 67th year on 1st July.
- SBI descends from the Bank of Calcutta founded in 1806 through the Imperial Bank of India.
- The Bank of Madras merged into the bank of Calcutta and the bank of Bombay to form the Imperial Bank of India
- Later it became the SBI in 1955.
- The Bank of Madras was established on 2nd June 1806.
- The Bank of Bombay was incorporated on 15 April 1840.
- The Bank of Madras was incorporated on 1 July 1843.
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