state bank of india

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On 1 July 1955, the Imperial Bank of India became the State Bank of India. In 2008,

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the Government of India acquired the Reserve Bank of India's stake in SBI

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so as to remove any conflict of interest because

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the RBI is the country's banking regulatory authority.

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state-owned commercial bank and financial services company,

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nationalized by the Indian government in 1955.

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