The state bank of india was set up in with a focus on rural credit ........

The state bank of india was set up in ____ with a focus on rural credit.

1947

1950

1955

1959

- The State Bank of India (SBI) was set up in 1955.

- This was through the State Bank of India Act, which led to the transformation of the Imperial Bank of India.

- Its focus was on providing rural credit and supporting agricultural and rural sectors.

- Option 1: 1947 is incorrect, though significant as India's independence, it is not related to SBI's establishment.

- Option 2: 1950 is also incorrect; the RBI came into existence, but not SBI.

- Option 3: 1955 is correct.

- Option 4: 1959 is incorrect; it doesn't correspond to the founding date.

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