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- The State Bank of India was constituted in 1955 under the State Bank of India Act to take over the Imperial Bank of India. It transacts general banking business including foreign exchange and merchant banking. - In the 1960s and 1970s, several state-associated banks became subsidiaries of SBI and it expanded its operations, introducing new banking products and services. - In the 1980s and 1990s, SBI further grew through establishing new subsidiaries and branches domestically and internationally. It assis

Author

muruganvg

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EN