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SBI Share Price Target 2021

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SBI Share Price Target 2021

SBI Share Price Target 2021 Today we Discuss About What Is the  Target Of SBI Share In year 2021.

 

Company Profile State Bank Of India The origin of the State Bank of India goes back to the first decade of the nineteenth century with the establishment of the Bank of Calcutta in 1806 in Calcutta.

SBI Share Price Target 2021

Three years later the bank received its charter and was re – designed as the Bank of Bengal ( January 02 , 1809) . A unique institution, it was the first joint-stock bank of British India sponsored by the Government of Bengal. The Bank of Bombay (April 15, 1840) and the Bank of Madras (July 01, 1843) followed the Bank of Bengal. These three banks remained at the apex of modern banking in India till their amalgamation as the Imperial Bank of India on January 27 , 1921 .

The Presidency Banks of Bengal , Bombay and Madras with their 70 branches were merged in 1921 to form the Imperial Bank of India . The establishment of the Reserve Bank of India as the central bank of the country in 1935 ended the quasi – central banking role of the Imperial Bank. In 1951 , when the First Five Year Plan was launched , the development of rural India was given the highest priority .

SBI Share Price Target 2021

The commercial banks of the country including the Imperial Bank of India had till then confined their operations to the urban sector and were not equipped to respond to the emergent needs of economic regeneration of the rural areas. In order , therefore , to serve the economy in general and the rural sector in