---
title: "When was the Imperial Bank of India nationalized to form the State Bank of India?"  
description: "When was the Imperial Bank of India nationalized to form the State Bank of India?"  
author: "Hemant Patel"  
published: 2018-02-02  
canonical: https://answers.mindstick.com/qa/33988/when-was-the-imperial-bank-of-india-nationalized-to-form-the-state-bank-of-india  
category: "general knowledge"  
tags: ["general knowledge", "state bank of india", "imperial bank of india"]  
reading_time: 1 minute  

---

# When was the Imperial Bank of India nationalized to form the State Bank of India?

When was the Imperial Bank of [India](https://www.mindstick.com/articles/336618/top-10-electric-bicycles-in-india-in-2024-to-improve-your-health) nationalized to [form](https://www.mindstick.com/articles/12549/show-gridview-record-from-one-form-to-another-form) the [State](https://yourviews.mindstick.com/view/80959/usa-going-ahead-with-state-wise-lockdown) [Bank of India](https://answers.mindstick.com/qa/38370/the-union-cabinet-on-15-june-2016-approved-the-merger-of-state-bank-of-india-with-it-s-five-associate-banks-these-five-associate-banks-are)?

## Answers

### Answer by akriti kashyap

## Imperial Bank of India nationalized to the State Of India!

![When was the Imperial Bank of India nationalized to form the State Bank of India?](https://answers.mindstick.com/questionanswer/793a14d8-292c-41fd-a267-7db3101d2d04/images/6e8cc0a9-4a45-488b-bc9a-7bd6a20e1f3b.png)\

The bank was conceived from the **Bank of Calcutta**, established in **1806**, by means of the **Imperial Bank of India**, making it the most legendary business bank in the Indian subcontinent. The Bank of Madras converged into the other two "**Presidency Banks**" in British India, the **Bank of Calcutta** and the **Bank of Bombay**, to shape up the **Imperial Bank of India**, which thus turned into the **State Bank of India** in **1955**. The government of India-claimed the ***Imperial Bank of India in 1955***, with **Reserve Bank of (India's Central Bank)** taking a **60% stake**, and renamed it the **State Bank of India.**

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## Cheers!


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