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Q.

Which is the first Nationalised Bank of India. Please provide me the list of all such banks?

Tags: money, careers, politics & government
Asked by ankit shivam, 04 Oct '10 10:05 am
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Answers (9)

 
1.

Nationalised banks dominate the banking system in India. The history of nationalised banks in India dates back to mid-20th century, when Imperial Bank of India was nationalised (under the SBI Act of 1955) and re-christened as State Bank of India (SBI) in July 1955. Then on 19th July 1960, its seven subsidiaries were also nationalised with deposits over 200 crores. These subsidiaries of SBI were State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore (SBIR), State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of Saurashtra (SBS), and State Bank of Travancore (SBT).

However, the major nationalisation of banks happened in 1969 by the then-Prime Minister Indira Gandhi. The major objective behind nationalisation was to spread banking infrastructure in rural areas and make cheap finance available to Indian farmers. The nationalised 14 major commercial banks were Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Mahara ...more
Answered by Ram, 04 Oct '10 10:16 am

 
  
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2.

I am afraid Ankit. What are you going to do to these nationalized bank.Do you have plan of privatization.
Answered by uv dabholkar, 04 Oct '10 10:08 am

 
  
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3.

Nationalised banks dominate the banking system in India. The history of nationalised banks in India dates back to mid-20th century, when Imperial Bank of India was nationalised (under the SBI Act of 1955) and re-christened as State Bank of India (SBI) in July 1955. Then on 19th July 1960, its seven subsidiaries were also nationalised with deposits over 200 crores. These subsidiaries of SBI were State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore (SBIR), State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of Saurashtra (SBS), and State Bank of Travancore (SBT). more are there

1.Allahabad Bank
2.Andhra Bank
3.Bank of Baroda
4.Bank of India
5.Bank of Maharashtra
6.Canara Bank
7.Central Bank of India
8.Corporation Bank ...more
Answered by Minal, 04 Oct '10 11:02 am

 
  
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4.

State Bank of India - formerly known as Imperial Bank of India and presently the largest bank in India.
List of Public Sector Banks in India is as follows:
Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Corporation Bank ...more
Answered by Pardeep Kapoor, 04 Oct '10 10:09 am

 
  
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5.

State Bank of India.
Answered by Surender Rao, 04 Oct '10 10:05 am

 
  
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6.

Sbm will be merged with its parent company sbi with in 4 months
good news people's let's buy sbm share now.
buy now 600 - 700 good time to buy.
we can sell at 1500
Answered by vishnu vinod k v, 05 Feb '11 05:20 am

 
  
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7.

State bank of india
Answered by sonal desai, 11 Nov '10 10:10 am

 
  
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8.

In 1946 bank of india & in 1955 sbi .
1)BANK OF HYDERABAD
2)BANK OF MAHARASHTRA
3)BANK OF PATIALA
4)BANK OF BARODA
5)BANK OF ALLAHBAD
6)BANK OF PUNJAB
Answered by sachin gajhans, 18 Oct '10 08:32 am

 
  
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9.

In 1946 bank of india & in 1955 sbi .
1)BANK OF HYDERABAD
2)BANK OF MAHARASHTRA
3)BANK OF PATIALA
4)BANK OF BARODA
5)BANK OF ALLAHBAD
6)BANK OF PUNJAB
Answered by Pankaj Jagtap, 04 Oct '10 11:54 am

 
  
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