ho was the founder of Imperial Bank of India
Question
ho was the founder of Imperial Bank of India
Solution
The Imperial Bank of India was founded as a result of the amalgamation of three presidency banks: the Bank of Bengal, the Bank of Bombay and the Bank of Madras in January 1921. So, it wasn't founded by a specific individual. However, it was established under the special initiative of then Central Legislative Assembly member, Sir Purshotamdas Thakurdas, who was a key personality in its establishment. Later, in 1955, the Imperial Bank of India was nationalized and rechristened as the State Bank of India.
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