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SSC CHSL 2020 · Question 78 of 91

In which of the following cities is the corporate centre of State Bank of India (SBI) situated?

Geography

  1. AMumbaiCorrect
  2. BBengaluru
  3. CHyderabad
  4. DKolkata

Answer: A. Mumbai

Explanation

The correct answer is Mumbai. Key Points The corporate centre of State Bank of India (SBI) is situated at Mumbai, Maharastra. The Imperial Bank was established in the year 1921 by merging three main Presidency Banks. The Imperial Bank was nationalized in 1955 on the recommendation of the Gorewala Committee and renamed as State Bank of India . SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020. It is also the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market.

Source: SSC CHSL 2020 (Tier-I) Prev. Year Paper (04-Aug-2021) (Shift 1) — prepp.in solved paper · reliable-secondary

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