01-01-2018, 04:42 PM
SBI Merger
*Five associate banks and Bharatiya Mahila Bank merged with SBI with effect from
Ans : 1st April 2017
*The Banks that were merged with SBI:
*State Bank of Bikaner & Jaipur
*State Bank of Hyderabad
*State Bank of Mysore
*State Bank of Patiala
*State Bank of Travancore
*Bharatiya Mahila Bank
*With this merger, SBI has joined the league of top 50 banks worldwide in terms of assets
*The first bank that merged with SBI was State Bank of Saurashtra in 2008
*Later State Bank of Indore also merged with SBI( Bharathiya Mahila Bank )
*The first all woman bank in India - Bharatiya Mahila Bank (2013)
*The committee related with the establishment of the first woman bank in India
Ans : M.B.N.Rao Committee
*Bharathiya Mahila Bank started functioning on the birthday of former Prime Minister Indira Gan (November 19)
* It was merged with SBI on 1st April 2017
*The first chairman & MD of Bharathiya Mahila Bank
Ans : Usha Anantha Subramanian
*SBI was nationalised in 1955.
*SBI has the largest number of branches outside India.
*SBI is the first Indian Bank to start branch in Israel.
*First core banking in India was introduced by
Ans : SBI (Mumbai Branch, 2004)
*First Financial super market established at
Ans : Jaipur (State Bank of Bikanir & Jaipur).
*Arundhati Bhatacharya become the first woman chairperson of State Bank of India
NABARD
*NABARD (National Bank for Agriculture and Rural Development) was set up on 12th July 1982 as its headquarters at Mumbai for the upliftment of rural India.
*It is an apex bank for agriculture development
*NABARD was established on the recommendation of Shivaraman Committee. It provides training facilities to the institutions working in the field of rural development.
