In fact, the bank was started to crush India’s independence, whose name was changed several times, the identity of which changed, the bank by which India used its own money against Indians is the largest bank in the country today. You are surprised to read this? Curious in my mind would have been awakened?

This is the story of the richest bank in the country, State Bank of India (SBI). The bank has 2 million people in this bank. It is also called ‘the country’s safe’, but very few people know exactly how the bank started and how it came forward. Let us learn from this article (Photo courtesy – Istock)

How did the SBI start?

In 1979, Richard Vellysley came to India as Governor General of East India Company. He attacked Mysore a year later. Tipu Sultan was defeated in the attack, followed by another Anglo-Maratha war. To help the British during the war, the East India Company created a banking system.

Through this banking system, India’s own money was returning to India via England and used to deceive Indians. After the war was over, the British converted the system to the bank. In 2, the British named the funds ‘Bank of Calcutta’.

How did SBI get the name?

In 1929, the British changed the name of the bank as ‘Bank of Bengal’, after which the branches of the bank gradually started. Later, the bank’s control went into the hands of the Queen of England. In 2, the British started ‘Bank of Bombay’ and ‘Bank of Madras’ in 2. In 1979, the three banks were united and named the Imperial Bank of India.

After independence, her name was changed from Imperial Bank of India to State Bank of India. If you know about the bank’s owner, the owner of this bank is the Government of India. Although the bank was once launched by the British, the Government of India is now the owner of the bank.

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How did SBI become the biggest bank?

The SBI branch spread not only in the country but also abroad. Many banks merged with it. The number of SBI customers has increased to more than 2 crores. Her branches have reached not only abroad but also in the villages of the country.

People have started to understand the meaning of the bank as SBI, which is the bank. The SBI plays the role of particle in the country’s economic structure. This bank is expanding in rural and urban areas. Not only that, it is expanding rapidly abroad. The bank is making a big contribution to the economy of the country through debt.

100 years old accounts

The New Delhi Mewat branch of State Bank of India is more than 3 years old. Many leaders of India and Pakistan had opened their accounts in this branch. Even today, many bank accounts older than 3 years are safe in this bank. The Raisina Road branch began on January 1, 1979.

This branch of the bank contributes about 5% to the Delhi Circle business. That is, about Rs. If we talk about SBI, it is the largest bank in India, which contributes 5% to the Bharati Banking system. At the same time, it contributes 5% of the total loan and deposits in the market.

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