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History of SBI third volume released

By Our Special Correspondent

MUMBAI JAN. 31. The third volume of the History of State Bank of India was released today by Bimal Jalan, Governor, Reserve Bank of India, in the presence of A. K. Purwar, Chairman, State Bank of India.

The volume deals with Imperial Bank of India, which was the predecessor of State Bank of India and existed from 1921 until its nationalisation and reconstitution as State Bank of India in 1955. It analyses the history of Imperial Bank in undivided India including what is today, Pakistan, Bangladesh and Myanmar.

The period covers a crucial political and economic phase that spanned the nationalist upsurge, the Great Depression, the formation of the country's central bank and the evolution of banking regulation, the Second World War, Independence and partition of the country.

The book examines the role played by the Imperial Bank of India in the economies of the different regions of India and various sectors of the economy.

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