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PSU BANK

a. The first banks were Bank of Hindustan (1770-1829) and The General Bank of India, established 1786 and since defunct.
b. The largest bank, and the oldest still in existence, is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal.
c. Three presidency bank Bank of Bengal, Bank of Bombay, Bank of Madras were merged on 27t January 1921 to form Imperial Bank of India
d. Imperial bank of India becomes State Bank of India (SBI) on 1st July 1955.
e. Punjab National Bank (PNB) was founded in 1894.
f. Presently 19 Nationalised bank exits in India.
g. Regional Rural banks were established in 1975 under Regional Rural Bank Act. 1976.

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