Imperial Bank of India
Former central bank of India before 1935 / From Wikipedia, the free encyclopedia
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The Imperial Bank of India (IBI) was one of the oldest and the largest commercial bank in India, and was subsequently renamed and nationalised as the State Bank of India in 1955. Initially, as per its royal charter, it acted as the central bank for India prior to the formation of the Reserve Bank of India (RBI) in 1935.
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Quick Facts Company type, Industry ...
Company type | Private (80%) |
---|---|
Industry | Banking, financial services |
Predecessor |
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Founded | 27 January 1921; 103 years ago (1921-01-27) |
Founder | John Maynard Keynes |
Defunct | 1 July 1955; 68 years ago (1955-07-01) |
Fate | Nationalization into State Bank of India in 1955 |
Successor | State Bank of India |
Headquarters | , |
Area served | India |
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