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Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
Public Holidays in India also known as Government Holidays colloquially, consist of a variety of cultural, nationalistic, and religious holidays that are legislated in India at the union or state levels. Being a culturally diverse country, there are many festivals celebrated in various regions across the country.
The following table is a list of countries by number of public holidays excluding non-regular special holidays. Nepal and India have the highest number of public holidays in the world with 35 annually. Also, Nepal has 6 day working schedule in a week.
The three banks were merged in 1921 to form the Imperial Bank of India, which upon India's independence, became the State Bank of India in 1955. For many years, the presidency banks had acted as quasi-central banks, as did their successors, until the Reserve Bank of India [ 5 ] was established in 1935, under the Reserve Bank of India Act, 1934 .
It was established on 8 February 1941, as the Hyderabad State Bank. [1] From 1956 until 31 March 2017, it had been the largest associate bank of the SBI. After formation of Telangana in 2014, SBH was the lead bank of the newly created state. The State Bank of Hyderabad was merged with State Bank of India on 1 April 2017.
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Thereafter it merged State Bank of Indore with itself on August 27, 2010. [5] The remaining subsidiaries, namely the State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore, and Bharatiya Mahila Bank were merged with State Bank of India with effect from 1 April 2017.