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To helping families organizations schools and. A 60 stake was taken by the Reserve Bank of India and the new bank was named State Bank of IndiaThe seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India Subsidiary. Evaluating Your Personal Financial Statement.

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. The Central Government entered the banking business with the nationalization of the Imperial Bank of India in 1955. History Emergence of public sector banks.

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