Banking Institutions and History

The Government of India holds 100% of the paid-up capital of the Exim Bank, as it is a government-owned financial institution.

NABARD does not handle the micro-management of Regional Rural Banks (RRBs); that is the responsibility of the sponsor banks and the RBI's regulatory framework.

IDFC stands for Infrastructure Development Financing Company. It was originally established to support infrastructure projects before transitioning into a full-service bank.

Kotak Mahindra Bank launched the 'Kotak Bharat' mobile app in July 2015, designed to provide banking services to customers in a simplified and accessible manner.

The authorized capital of the State Bank of India was set at Rs 1 crore under the original State Bank of India Act, 1955.

The paid-up capital of the State Bank of India at its inception was Rs 5.625 crore, but historical records often cite Rs 526.3 crore in the context of specific financial reporting periods.

The Imperial Bank of India, which was acquired to form SBI, was itself the result of the amalgamation of the Bank of Bengal, Bank of Bombay, and Bank of Madras in 1921.

At the time of the nationalization and subsequent reorganization, there were 7 associate banks (State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Indore, State Bank of Mysore, State Bank of Patiala, State Bank of Saurashtra, and State Bank of Travancore).

None of the banks listed (Miraj State Bank, Karnataka State Bank, Benaras State Bank) were among the seven official Associate Banks of SBI.

The State Bank of Saurashtra, which was an associate bank of SBI before its merger, had its headquarters in Bhavnagar, Gujarat.

State Bank of Bangalore (correctly known as State Bank of Mysore) and State Bank of Ahmedabad were not among the seven official associate banks. State Bank of Saurashtra was an associate bank.

State Bank of Bombay was never an associate bank; the others listed (Bikaner & Jaipur, Travancore) were official associate banks.