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The State Bank of India was established under the State Bank of India Act on _________.

  • The State Bank of India was established under the State Bank of India Act on 1959.
  • The State Bank of India (SBI) was actually established on July 1, 1955, but it was not created through the State Bank of India Act.
  • Instead, it was created by an executive order of the Government of India, which merged several existing banks, including the Imperial Bank of India, to form the State Bank of India.
  • The State Bank of India Act was actually passed in 1959, and it provided the legal framework for the operation of the State Bank of India and its associated banks.