The Imperial Bank of India was renamed as State Bank of India in _______.

1947

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1949

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1950

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1955

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Solution

The correct option is C 1955
The Imperial Bank of India was established in 1921, being the oldest and the largest bank in India. the Imperial Bank of India carried out all the normal commercial bank's activities and until 1935, when central banking institution in India was not established, it also performed the activities of Central bank.

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