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Brig Chandrasekhar CPMG | 150th Anniversary Of SBI Hyderabad Main Branch

188 views · Published 19 December 2018 · 0:50 · Indexed 7 October 2026

Channel: HYBIZTV HD · 2018 · News & Politics

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Brig Chandrasekhar CPMG | 150th Anniversary Of SBI Hyderabad Main Branch 
The bank descends from the Bank of Calcutta, founded in 1806, 
via the Imperial Bank of India, making it the oldest commercial bank 
in the Indian subcontinent. The Bank of Madras merged into the other two "presidency banks" in
 British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India,
 which in turn became the State Bank of India in 1955.[7] The Government of India took control of 
the Imperial Bank of India in 1955, with Reserve Bank of India (India's central bank) taking a 
60% stake, renaming it the State Bank of India. In 2008, the government took over the 
stake held by the Reserve Bank of India

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