2
Question
The State Bank of Mysore was established by ________ in 1913.
The State Bank of Mysore was established by ________ in 1913.
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Solution
The correct option is B M. Visvesvaraya
In 1913, at
the instance of Sir Mokshagundam Visvesvaraya, the Engineer Statesman, a state
aided Bank, under the patronage of His Highness the Maharaja of Mysore, Sri
Krishnaraja Wodeyar IV, was established.
This was “Mysore Bank Ltd”. During
1953, “Mysore Bank” was appointed as an agent of Reserve Bank of India to
undertake Government business and treasury operations, and in March 1960,
it
became a subsidiary of the State Bank of India under the State Bank of India
(subsidiary Banks) Act 1959. Now our bank is an Associate Bank under
State Bank Group.
In 1913, at
the instance of Sir Mokshagundam Visvesvaraya, the Engineer Statesman, a state
aided Bank, under the patronage of His Highness the Maharaja of Mysore, Sri
Krishnaraja Wodeyar IV, was established.
This was “Mysore Bank Ltd”. During
1953, “Mysore Bank” was appointed as an agent of Reserve Bank of India to
undertake Government business and treasury operations, and in March 1960,
it
became a subsidiary of the State Bank of India under the State Bank of India
(subsidiary Banks) Act 1959. Now our bank is an Associate Bank under
State Bank Group.
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