Banking Institutions and History

SBI European Bank Ltd. (SEBAL) was indeed a wholly owned subsidiary of SBI, started operations in March 1993, and was headquartered in London to facilitate European banking services.

State Bank of Patiala was the first among the associate banks of the State Bank of India to successfully network all its branches under the Centralised Banking Solution (CBS).

The Reserve Bank of India (RBI) historically held the majority stake in the State Bank of India, which was later transferred to the Government of India to avoid conflict of interest between the regulator and the regulated entity.

 SBI DFHI Ltd. is a subsidiary of State Bank of India to transact in Govt. securities.

The question is factually problematic as it implies a specific bank has a unique plan, but historically, the consolidation of RRBs was a policy driven by the Government of India and NABARD rather than a single sponsor bank's proprietary plan. Given the options, 'All the above' is often used in such test banks to indicate that multiple sponsor banks were involved in the state-wise merger process.

Punjab National Bank merged its three RRBs in Punjab (Gurudaspur Amritsar, Kapoorthala Firozpur, and Shivalik) to form the Punjab Gramin Bank.

Bank of Baroda merged its RRBs in Rajasthan to form the Baroda Gramin Bank.

Union Bank of India merged its RRBs in Uttar Pradesh to form the Kashi Gomti Samyut Gramin Bank.

Syndicate Bank merged its RRBs in Karnataka to form the Karnataka Vikas Grameena Bank (often referred to as Karnataka Vikas Bank in shorthand).

Central Bank of India merged its RRBs in Maharashtra to form the Vidarbha Kshetriya Gramin Bank.

Canara Bank merged its RRBs in Karnataka to form the Pragati Gramin Bank.

Central Bank of India merged its RRBs in Bihar to form the Uttar Bihar Gramin Bank.

Punjab National Bank merged its RRBs in Uttar Pradesh to form the Uttar Pradesh Gramin Bank.

Punjab National Bank merged its RRBs in Haryana to form the Haryana Gramin Bank.

State Bank of Saurashtra merged its RRBs to form the Saurashtra Gramin Bank.