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Discussion

The Imperial Bank of India has been formed after amalgamation of _________________ Presidency Banks

  • A.Four
  • B.Five
  • C.Two
  • D.Three

Answer: D

The Imperial Bank of India came into existence on 27 January 1921 by J.M. Keynes. When the three Presidency Banks of colonial India, were reorganised and amalgamated to form a single banking entity. The three Presidency banks were the Bank of Bengal, the Bank of Bombay and the Bank of Madras

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