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Imperial Bank of India
Emblem of the Imperial Bank of India
Company type
Private (80%)
Industry
Banking, financial services
Predecessor
Bank of Calcutta (1806 – 1921)
Bank of Bombay (1840 – 1921)
Bank of Madras (1843 – 1921)
Founded
27 January 1921; 103 years ago (1921-01-27)
Founder
John Maynard Keynes
Defunct
1 July 1955; 68 years ago (1955-07-01)
Fate
Nationalization into State Bank of India in 1955
Successor
State Bank of India
Headquarters
Bombay, Bombay Presidency
,
India
Area served
India
The Imperial Bank of India (IBI) was one of the oldest and the largest commercial bank in India, and was subsequently renamed and nationalised as the State Bank of India in 1955. Initially, as per its royal charter, it acted as the central bank for India prior to the formation of the Reserve Bank of India (RBI) in 1935.
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