Multiple choice

Which among the following banking institution was formed in January 1921 by the merger of Bank of Bengal, Bank of Madras and Bank of Bombay?

  1. Imperial Bank of India

  2. State Bank of Patiala

  3. Federal bank

  4. None of these
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A Correct answer
Explanation

The Imperial Bank of India was formed in January 1921 by merging the three presidency banks: Bank of Bengal (1806), Bank of Madras (1843), and Bank of Bombay (1840). This was later nationalized and became the State Bank of India in 1955. The other options listed are either subsidiaries of SBI or unrelated banks.

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