When was State Bank founded?
The name State Bank applies to multiple major institutions, most notably the State Bank of India, which traces its foundational origins back to the establishment of the Bank of Calcutta in 1806, later evolving into the Imperial Bank of India before being officially reconstituted as the State Bank of India under an Act of Parliament in July 1955. Similarly, numerous regional community banks operating under names like State Bank were established across different states to provide localized commercial and retail banking services.
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