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SBI day 2025 - July 01
July 5 , 2025
15 hrs 0 min
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- State Bank of India (SBI), marks 70 years since its formation on July 1, 1955.
- In 1806, the Bank of Calcutta was established, later renamed the Bank of Bengal.
- This was followed by the Bank of Bombay (1840) and the Bank of Madras (1843).
- In 1921, these were merged to form the Imperial Bank of India.
- On July 1, 1955, the State Bank of India was born under the State Bank of India Act.
- Over the years, SBI has absorbed several other banks, including the Bank of Bihar, National Bank of Lahore, Bank of Cochin, State Bank of Saurashtra, and State Bank of Indore.
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