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The first joint stock Bank in India?

  • The first joint stock Bank in India is Imperial Bank.
  • The Imperial Bank of India, which later became the State Bank of India, was established in 1921 by the British colonial government as a semi-governmental entity to manage the government's accounts and provide banking services to the public.
  • While the Imperial Bank was an important institution in the history of Indian banking, it was not the first joint-stock bank in the country.